Bilateral trade between Vietnam and Hesse has reached around EUR1 billion (US$1.05 billion) annually, accounting for one-tenth of total trade between Vietnam and Germany.

The event is part of the Hanoi Concentrated Promotion Program 2024, held in May, July, and November, attracting up to 2,000 businesses.

The "Most Popular Vietnamese Products" voting program is part of the city's broader efforts to encourage the consumption of local goods.

The return of trade protectionism with clearer signs in the first months of 2018 is a major challenge for Vietnam`s exports in the coming time, officials said.

Vietnam`s trade surplus with Group of Seven (G7) nations stood at US$44.95 billion in 2017, representing an increase of some 42% from the average annual surplus of US$19.25 billion in period 2006 - 2015, according to the General Department of Vietnam Customs (GDVC).

Local authorities are building a cooperation plan draft with South Korea to better utilize the Vietnam-Korea Free Trade Agreement (VKFTA) in promoting shipments of Vietnamese key staples to the Northeast Asian market.

In May, Vietnam`s seafood export turnover reached US$700 million, up 2.3% month-on-month, according to the Foreign Trade Agency.

A fall in shipment of phones and computer electronics, which constitute about a third of overall exports from Vietnam, contributed negatively to export growth for the second consecutive month in May, according to HSBC in its latest Vietnam`s report.

Vietnam’s consumer price index (CPI) inched up 0.55 percent in May, the highest monthly increase since 2012, according to the General Statistics Office (GSO).

In 6 years, Vietnam has imported goods from China worth US$250 billion, but exported only US$100-billion goods in return, said a report by the Ministry of Finance.

The US Commerce Department on Monday announced heavy import tariffs on steel products from Vietnam originated from China.

Vietnam`s leading technology firm FPT reported its pre-tax profit at VND1.09 trillion (US$47.7 million) by the end of April, increasing 34% year on year, announced the firm.

Vietnam`s leading technology firm VNG posted pre-tax profit in 2017 at VND1.15 trillion (US$50.3 million), taking its accumulated profit to over VND4.6 trillion (US$201.2 million), according to the firm`s 2017 financial statement.

As at May 15, Vietnam`s export turnover reached US$82.63 billion, up 18.7% or US$13.02 billion year on year, according to the latest statistics of the General Department of Vietnam Customs.

In the first 4 months of 2018, Mobile World Investment (MWG) reported revenue of nearly VND30 trillion (US$1.3 billion), up 43% year on year and 34% of the year plan.

Lotte Mart is still under investment phase in Vietnam, thus its business performance has not reached expectation, said Jeong Seoung Won, Lotte Mart`s CFO in press release sent to local media on May 18.

The only ways that help retailer survive and develop in the digital era are enhancing the application of advanced technologies and increasing awareness about the community, experts said.

With an average growth rate of 10% per year, domestic trade is considered one of the main driving force for economic growth, especially during the process of global integration.

In April, Vietnam`s import-export turnover reached US$35.57 billion, down 11.1% compared to previous month, according to the General Department of Vietnam Customs.

The World Bank and the Ministry of Transport on May 15 hosted a workshop to launch the implementation of the Vietnam Logistics Statistical System Project and highlight the importance of strengthening the transport and logistics sectors to boost trade competitiveness.

Although exports are largely dominated by merchandise trade, the outlook for services also bears considerable potential, informed HSBC.

Vietnam`s supervisory agency today announces some signs of law-breaking in the deal of Grab acquiring Uber`s South East Asia operations.

Preliminary investigation result showed that combined market share from economic concentration between Grab and Uber in Vietnam is over 50%, thus violating the Law on Competition, said the Ministry of Industry & Trade (MoIT).