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trade
The Trade category covers import/export trends, trade agreements, and global market movements. It explores foreign direct investment, tariff policies, logistics, and international business relations, providing insights into market access, supply chain resilience, and regulatory impacts on trade flows.
US critical circumstances allegations filed re: solar cells from Vietnam, Thailand
Essentially, it’s being alleged that firms in Vietnam and Thailand have increased the speed at which they export solar cells to the United States in order to avoid possible future antidumping and countervailing duties. This comes after an investigation was announced earlier this year into some solar imports from Southeast Asia.
Commerce’s Findings from Vietnam’s Non-Market Economy Review: Unpacked
Last week, the United States Department of Commerce–the DOC–rejected Vietnam’s application to have its status as a non-market economy overturned. This came after a months-long review including thousands of pages of evidence and arguments, from both Vietnam and the United States, culminating in not just the aforementioned adverse findings but also a 284-page memorandum explaining the decision. This article breaks down the key points in said document.
Costa Rica recognises Vietnam as a market economy even if US doesn’t
Of note, trade between Vietnam and Costa Rica is relatively small. So far this year, the Central American nation has not featured in Vietnam’s customs data. That said, state media has been pushing the number of countries that consider Vietnam a market economy as a key reason why it should be upgraded by the US. With this in mind, it’s likely there will be many more announcements like this from smaller countries…
How African Swine Fever is Reshaping Vietnam’s Pork Market
Vietnam has a bad case of African Swine Fever that it just can’t seem to shake. This is fundamentally reshaping Vietnam’s pork market, which has seen a huge increase in pork imports in recent years. This article looks at how this all started, what’s happening now, and what might happen next.
EU standards warnings on Vietnam produce exports jump
This jump is in line with increased trade between the EU and Vietnam on the back of the European Union Vietnam Free Trade Agreement, commonly known as the EVFTA. Bu thought this agreement may have seen trade soar between the two partners it has also been somewhat challenging for Vietnam to implement. This is not just because of strict phytosanitary measures on produce entering the EU but a number of other stipulations in the agreement, particularly around workers rights.
Vietnam responds to Commerce finding on non-market economy review
“If the US Department of Commerce had reviewed the records and practices in Vietnam objectively and fairly, it would have been able to acknowledge the fact that Vietnam is a market economy,” Vietnam’s Ministry of Industry and Trade has said in a statement.
How is the EVFTA Working Out for Vietnam?
On Thursday, Vietnam and the European Union will mark the fourth anniversary of the European Union Vietnam Free Trade Agreement or the EVFTA for short. This agreement has brought down tariff barriers and boosted trade but it hasn’t been without its challenges, some of which still persist. This article looks at how this landmark agreement has been implemented, the challenges it has faced, and the challenges it still faces…
Perks of CPTPP one step closer for UK with Vietnam ratification
Notably, Vietnam and the UK already have the UK Vietnam Free Trade Agreement which is almost identical to the European Vietnam Free Trade Agreement. In this light, the CPTPP will not make a huge difference to bilateral trade between the two countries. That said, there will be a few additional advantages including…
Isotopic testing for cotton products entering US possible problem for Vietnam
Of note, between October of last year and May of this year, US Customs stopped 950 shipments entering the US from Vietnam under the UFLPA valued at US$520 million. Of those 528 were released, 207 are still pending an outcome, and 215 were denied entry. Those denied shipments were worth a collective US$20.9 million with 46 shipments of apparel, footwear, and textiles among them valued at US$496,485…
Vietnam suspends priority customs treatment for Panasonic
Article 45 allows firms approved to receive priority customs treatment to submit incomplete documents when exporting or importing goods. These firms, however, must submit completed documentation within the following 30 days…
Vietnam port pushes back on allegations of pilfering from goods for export
The allegations now include 1.68 tons of coffee missing from a shipment to Egypt in January; four shipments of pepper to the Philippines, Korea, Thailand, and Japan from March that were each missing between 1.5 and 4.6 tons; and three pepper shipments to Malaysia and Norway between September last year and March this year that were each missing between 200 kilograms and 3.3 tons of product…
Vietnam-US Trade Tracker [data set]
The United States is the biggest buyer of Vietnam’s exports and together the two countries engage in over US$100 billion worth of trade each year. This tracker looks at what is imported from the US and exported to the US from Vietnam using the most recent data available.
Increased dependence on thermal power spurs Vietnam coal imports increase in May
Of note, the price it is paying to its key suppliers has varied widely over the first five months of the year. Its most expensive coal imports have come from China averaging US$302 per ton versus its cheapest coal imports from Laos which have cost US$68 a ton by the same metric. On average, it has paid US$166 per ton…
Russian president could be in Vietnam next week: Reuters
Vietnam has remained cordially with Russia throughout the Ukraine War. The Southeast Asian nation is heavily dependent on Russia for its arms supplies but also has a strong bond with the country on account of their similar political pasts. This has seen Russian tourist arrivals grow by 80 percent in the first five months of this year over the first five months of 2023 and…
Concerns raised for Vietnam ag producers re: EU-Thailand trade deal
For context, Vietnam’s seafood exports have benefited enormously from the myriad of trade deals the country has signed on to, however, sustainability has become a key issue. Overfishing is rife, hence the yellow card, and this has the potential to have long-term ramifications for many of Vietnam’s coastal, fishing dependent communities. That said, this yellow card coupled with the European Union-Vietnam Free Trade Agreement has, at least ostensibly, been a driver for change and speaks to the non-trade benefits of Vietnam’s many free trade agreements…
Vietnam records first trade deficit in nearly two years
Of note, in S&P Global’s monthly Purchasing Managers Index updates over the last year or so, the fact that Vietnamese manufacturers were burning through inventory rather than importing more, has been reported every other month. This was in the context of lower demand for Vietnam’s exports, a reality that seems to be changing–exports were 15.8 percent higher than in May of last year–and in which case businesses need to scale back up and import more inputs.
Vietanm customs data for April sees export growth, trade surplus slip
Vietnam customs data released last week shows a slight downturn in exports in April, losing 7.7 percent over March. That said, exports were still up over the first four months of the year by 15.1 percent compared to 2023. Imports were also down 2.9 percent in April over March but
EU non-tariff barriers becoming key obstacle for Vietnamese goods
Vietnamese okra is at risk of being banned from entry into the EU due to high levels of pesticides found in recent imports. As a first step, the European Union has increased inspections of the okra coming from Vietnam. Similar action has been taken for instant noodles, dragon fruit, and
Mixed feelings on Vietnam applying trade remedies on Chinese steel imports
Vietnam’s Hoa Phat Steel is pushing for an anti-dumping investigation into steel imports from China arguing that they are taking up too much of the market and citing the US restrictions on steel imports on the grounds of national security, The Investor is reporting. Hoa Phat is also being supported
Vietnam’s Imports and Exports, March 2024: Snapshot
Vietnam’s General Department of Customs has released import-export data for March of 2024. Here’s what it has found. Vietnam imports by item, March 2024 March MOM % 2024 YOY % Computers, electrical products, spare-parts and components thereof 8,406,551,184 18.7 24,042,310,269 24.1 Machine, equipment, tools and instruments 3,758,610,687 45.5 10,344,804,723 12.5
In today’s Vietnam news: Ready-to-drink tea market report, Rights groups EU action on Vietnam civic space crackdown, Taxi company buy 2,000 Vinfast cars, Vietnam
In today’s Vietnam news: South Korea – Vietnam leaders meeting, Vietjet COMAC lease agreement, EVN FiT eligibility problems proposed resolution, FDI firms fined over
In today’s Vietnam news: Vietnam-flagged LPG tanker passes Hormuz Strait, To Lam in China, Coffee concerns dry weather in VN, Coal mining output increase
This interview with Ngoc (Lily) Nguyen, the Vietnam Southern Region Sales Manager at HAP Commodities Consulting, covers how the Iran–Hormuz conflict is affecting the coffee
This is an interview with Hao Qiu, the Founder of Fair Farm Vietnam. It looks at how global factors, including Brazil’s crop outlook and Middle
This is an interview with Timen ter Meulen Swijtink, Managing Director, Collective Company (producer of LaCaph-branded coffee). It covers how the Middle East crisis is