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Vietnam’s trade surplus hits record high despite COVID-19

10/12/2020

Vietnam posted a record trade surplus of 20.1 billion USD in the first 11 months of this year despite the adverse impacts of the COVID-19 pandemic on the global economy, according to the General Statistics Office (GSO).

Export turnover of many agricultural products exceeds US$2 billion

10/12/2020

The Office of the Ministry of Agriculture and Rural Development on December 7 said that the export turnover of agricultural, forestry, and aquatic products in the first 11 months reached US$37.42 billion, up 2.4 percent over the same period last year, and the trade surplus hit nearly $9.36 billion, up 10.9 percent.

US represents largest export market for Vietnamese products

10/12/2020

Vietnam’s total export turnover during the past 11 months rose 5.5% to US$254.93 billion, with the US becoming Vietnam’s largest commodity consumer, according to the Ministry of Industry and Trade (MoIT).

U.S. Department Of Commerce Finds Dumping Of 4th Tier Cigarettes From South Korea

10/12/2020

December 7, 2020, the U.S. Department of Commerce announced its affirmative final determination in the antidumping duty (AD) investigation of 4^th tier cigarettes from South Korea. Commerce determined that exporters from South Korea have dumped 4^th tier cigarettes in the United States at a rate of 5.48 percent.

U.S. Tariff on South Korean Oil Pipelines Fixed at 9.33% to 15.07%

10/12/2020

The Korea International Trade Association announced on Dec. 6 that the U.S. Department of Commerce’s tariff rate on South Korean oil pipelines was recently fixed at 9.33 percent to 15.07 percent in its third anti-dumping annual review for the period of Dec. 1, 2017 to Nov. 30, 2018.

Improved rice quality helps export prices rise

10/12/2020

The price of Vietnam’s export rice has been increasing since mid-July, surpassing the prices of other rice exporters thanks to improved quality.

Textile exports will reach US$34 billion

07/12/2020

This year is the first year the export turnover of the textile and garment industry will decrease after 25 years of continuous growth.At present, the forecast total value of textile exports for the whole year is about US$33.5-34 billion, much higher than the forecast of US$30-31 billion made in April 2020.

Vietnamese enterprises contribute to Vietnam - Australia trade

07/12/2020

Vietnamese businesses in Australia have made significant contributions to the growth of Vietnam-Australia trade in 2020, Vietnamese Ambassador to Australia Nguyen Tat Thanh said at a ceremony to review activities of the Vietnamese Entrepreneurs Association in Sydney (VEAS) on December 5.