The city’s total import-export turnover reached US$60.1 billion in 2024, up 11% year-on-year.

The city will continue to support businesses in exploring new markets, capitalizing on the Free Trade Agreement of which Vietnam is a member.

Local consumers prefer shopping options that offer convenience and assurance of product origin.

The numer was 5 out of 10 several years ago, according to Dau Anh Tuan, Vietnam Chamber of Commerce and Industry (VCCI)

The market for food & beverage (F&B) is considered to have high potential for development in period 2017 – 2018. According to experts, despite the stagnation in recent years, F&B industry has recovered and is growing steadily.

Vietnam continuously had a trade surplus of US$900 million in October, raising the ten month figure to $1.23 billion.

According to the General Department of Vietnam Customs, the trade balance of Vietnam in October has been positive for an amount of 900 million USD, thus increase the trade surplus of Vietnam until the end of October to be 1.23 billion USD.

Vietnam’s exports of agricultural, forestry and fishery products in October hit an estimated value of US$2.74 billion, bringing the total in ten months of the year to $29.76 billion.

Asian Pacific Economic Cooperation (APEC) is the beginning of more than half of the world free trade agreements and brings massive benefits to its economic members. However, with the rise of protectionism and imported tariffs, it is necessary for APEC to be active and have solutions to overcome challenges.

The export turnover of computers, electronic products and spare parts in the past nine months of 2017 touched US$18.54 billion, a year-on-year increase of 41.4 percent, the General Department of Customs said.

Vietnamese fruit and vegetable exporters will visit some European countries next months to seek for more business opportunities there.

Korean enterprises highly regarded the diversification of Vietnamese goods with changes in design and packaging to meet the requirements of the market. At the same time, the product price is comparable with similar products of other countries in the region.

More than 5,000 administrative procedures were cut and simplified, making it easier for production and business, according to a Government’s report sent to the Standing Committee of the National Assembly recently.

Vietnam enjoyed a US$24.1 billion trade surplus with the United States in the first nine months of this year, a report from the General Department of Vietnam Customs revealed.

Each retailer need to find an appropriate strategy and direction, at the same time to avoid competing directly and target markets which are still unknown to foreign competitors.

Vietnam had a trade surplus of over US$1 billion by October 15 thanks to a rise in export value of many key staples, according to the General Department of Customs.

Vietnam’s export of wood and timber products is expected to reach US$8 billion in 2017, roughly $500 million to $1 billion higher than the annual target set earlier this year.

The target to bring the Vietnam-Republic of Korea trade revenue to US$70 billion by 2020 is feasible, said Bui Huy Son, Director of the Trade Promotion Agency under the Ministry of Industry and Trade.

The recent experience of Idemitsu, Grab and Uber leave Vietnamese enterprises a big lesson of fair competition.

The thirteenth Vietnam-Singapore Connectivity Ministerial Meeting, was held on October 17 in Hanoi, to review cooperative commitments between the two countries.

The Hanoi Customs Department on October 16 implemented a pilot application to electronically manage and supervise export and import goods at the Noi Bai International Airport.

An imposition of special consumption tax on soft drinks should be postponed until there is a comprehensive study on obesity status and the effectiveness of this tax on reducing obesity in Vietnam, according to the Vietnam Chamber of Commerce and Industry (VCCI).

It is expected that with the presence of a Steering Committee for Logistics development, barriers and high cost in this sector will be removed.