Category: Trade News Vietnam

In January, Vietnam imported US$30.9 billion worth of goods. The three most imported items were computers, electrical products, spare-parts and components thereof; machine, equipment, tools and instruments; and fabrics. Collectively these three items accounted for US$13.7 billion worth of Vietnam’s imports. Vietnam imports, January 2024, by value Description US$ Change

A radio appearance by the husband of a Norwegian citizen convicted of smuggling Norwegian salmon from Vietnam to China in 2018, has reopened an old wound for one of Norway’s biggest salmon producers, Salmar, IntraFish is reporting. Of interest, is that the accused was moving salmon from Vietnam to China

A total of 1,197 shipments of goods from Vietnam into the US have been denied entry to the USA under the Uyghur Forced Labor Prevention Act (UFLPA), according to The Investor. The Vietnamese publication says this data covers June 2022 to November 2023.  Of note, it has become common for

An opinion piece in the Washington Times has suggested the redesignation of Vietnam as a market-economy from a non-market economy by the US Department of Commerce would be a ‘huge mistake’ for US stakeholders. The article is penned by Michael Stumo the CEO of the Coalition for a Prosperous America,

Almost three quarters of Vietnam’s exports are from foreign-invested enterprises, Vietnam Plus is reporting. In fact, US$259.95 billion (73.1 percent) of Vietnam’s exports were facilitated by foreign operators in 2023. The state media agency goes on to say foreign direct investment is ‘crucial’ to Vietnam’s economy. Note that, there have

Vietnam recorded imports of just over US$29.5 billion in November of 2023 according to Vietnam’s General Department of Customs. It’s top five market for imports were China, Republic of Korea, Japan, Taiwan, and the United States of America which collectively accounted for just over two thirds of Vietnam’s imports. Vietnam

A handful of US senators have called for a halt to a review of Vietnam’s designation as a non-market economy (NME), Politico is reporting. It cites this letter signed by US senators JD Vance, Josh Hawley, and Tom Cotton which says “the recently announced process defies both normal order and

The Chinese President, Xi Jinping, could be in Hanoi next week for two days, Bloomberg is reporting. This has been on the cards for sometime and likely a response to a visit from the President of the United States to the Vietnamese capital in September. Politically tied to China, economically

Vietnamese firms are at ‘high risk of scams and disputes’ but lack the knowledge necessary to successfully engage commercial dispute resolution mechanisms, Vietnam News is reporting. The article references Vu Chien Thang, Trade Counsellor of Vietnam in Spain, who essentially says Vietnamese firms are being scammed because they are looking

From January 1 to November 15 this year foreign invested enterprises recorded a trade surplus of US$43.49 billion whereas Vietnamese firms recorded a deficit of US$19.05 billion, The Investor is reporting. This speaks to Vietnam’s dependence on foreign firms in its export sector but also the vastly different operating environments

Vietnam’s trade surplus up to the end of October this year was US$24.61 billion, two and a half times bigger than it was over the same period last year, VN Express is reporting. But overall trade is down and in this context, this isn’t great news. Key takeaways: It looks