Trade surplus was more than US 8 billion in the first five months of the year

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Vietnam automobile market and support solutions

Vietnam automobile market and support solutions

VCN – Continuing the downward trend of 2023, the number of cars traded on the market in the first four months still decreased; the inventory was high; and auto makers and traders face difficulities. How the Vietnamses automobile industry will develop and compete in the context of the import tax reduction roadmap that will be implemented when Vietnam implements its commitments in the EU-Vietnam Free Trade Agreement (EVFTA)?

Vietnam posts over 100% growth in coffee exports to Spain

Vietnam posts over 100% growth in coffee exports to Spain

Vietnam’s coffee export value to Spain have increased by more than 100%, according to the Agency of Foreign Trade under the Ministry of Industry and Trade.

China speeds up investment in Vietnam

China speeds up investment in Vietnam

An upward trend has been recorded in Chinese recent investments in Vietnam, which is hoped to help fuel the industries the country has demand for such as high technology, renewables, supporting industries, electronics, and green finance.

Exports in 2024 expects to reach US$370 billion

Exports in 2024 expects to reach US$370 billion

VCN – Motivated by recent development, exports in 20204 may reach US$ 370 billion, the General Department of Vietnam Customs said.

Coffee output in 2023-2024 crop forecast to fall 20 per cent

Coffee output in 2023-2024 crop forecast to fall 20 per cent

Việt Nam’s coffee output in the 2023–2024 crop year is estimated to decrease by 20 per cent compared to the previous crop year, to 1.47 million tonnes, the lowest in four years.

Pharmaceutical industry sees slowing growth momentum

Pharmaceutical industry sees slowing growth momentum

After record profits and strong growth in 2023, the industry’s momentum faced limitations in 2024 due to rising raw material costs and increased market competition.

Agricultural and food businesses increased profits thanks to export recovery

Agricultural and food businesses increased profits thanks to export recovery

VCN – Many agricultural and food exporters have recorded positive business results thanks to the momentum from the recovery of major markets and solutions to enhance deep processing, helping to improve product value and business efficiency.

The auto industry does not shrink from many challenges

The auto industry does not shrink from many challenges

VCN – In the context of the import tax reduction roadmap being implemented when Vietnam participates in commitments in Free Trade Agreements, the pressure of competition on the Vietnamese automobile industry is also increasingly fierce. Therefore, in addition to tax and fee support, many breakthrough solutions and policies are needed to create a boost for the auto industry.

Traceability helps improve product value

Traceability helps improve product value

VCN – Traceability of origin has been and is a mandatory requirement for Vietnamese goods when exporting to several markets. The application of information technology and the use of QR codes is an effective solution in traceability, increasing value and promoting product consumption, especially agricultural products.

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