Agricultural product exports near US$34 billion

Agricultural product exports near US$34 billion

The Trade Promotion Agency under the Ministry of Industry and Trade on November 13 held several activities for market connection and investment cooperation for more than 450 enterprises from 29 cities and provinces in Vietnam and 23 countries and territories in the world in Ho Chi Minh City.
Protecting brand names to keep export market share

Protecting brand names to keep export market share

According to the Ministry of Industry and Trade, the US currently is the largest export market of Vietnam. Up to now, export turnover to the US market has exceeded US$45 billion, an increase of more than 28 percent over the same period last year. 
Processing wood for export. (Photo: SGGP)

Vietnam’s wood industry struggle to prevent trade fraud

According to a market research on wood processing market of Vietnam by Forest Trend, in the first five months of this year, the number of new foreign direct investment (FDI) projects in wood industry totaled 49 projects, of which there were 32 projects belonging to wood processing field.
Producing rubber for export at Thong Nhat Rubber Joint Stock Company. (Photo: SGGP)

Vietnamese enterprises speed up to achieve export goal

According to the Ministry of Industry and Trade, growth in export turnover has been imbalanced with exports to the US, the EU, Japan and South Korea remaining steady whereas exports to China dropping heavily in both volume and value.
The prices of material shrimps in Mekong Delta provinces have climbed again. (Photo: SGGP)

Export of shrimps speeds up

After declining for a long time, the prices of shrimps in Mekong Delta provinces have rebounded, encouraging farmers to continue to expand farming areas. Export of shrimps also showed signs of recovery, fostering enterprises to speed up during the last months of this year.
The US has been carrying out antidumping investigation on made-in-Vietnam plywood. (Photo: SGGP)

US market no longer comfortable for Vietnamese enterprises

The US Government has recently increased import tariffs on goods imported from China which in short term might create certain advantages for exported goods of Vietnam; however, according to many enterprises, in long term, the US market is no longer a potential and comfortable market.
Vietnamese mangoes have officially been allowed to be exported to the US. (Photo: SGGP)

Vietnam, US two-way trade posts robust growth

Figures by the Vietnam Chamber of Commerce and Industry showed that two-way trade between Vietnam and the US has climbed by 120 times from US$450 million in 1994 to $60 billion in 2018.
The US levies an antidumping tariff of up to 250 percent on Vietnamese steel products. (Photo: SGGP)

Vietnamese firms encounter numerous trade barriers in US market

There have been 120 trade remedy cases which are mainly antidumping and anti-subsidy against Vietnamese exports by the US, the EU, India, Turkey and Canada by March this year, of which, most lawsuits were initiated by the US then followed by other markets under domino effect.