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China dominates Vietnam wood chip trade

Vietnamese companies ship an estimated four million tons of woodchips to China annually, according to statistics from the General Department of Vietnam Customs.   China is the dominate consumer market for Vietnam wood and wood products, says the Department, with exports to it having hit US$965.8 million in 2015, nearly US$121 million higher than the figure for 2014. For the first nine months of ...

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Action plan for implementation of commitments under the WTO trade facilitation Agreement

On Dec.29th 2016, the workshop “Developing an action plan for implementation of category B and C commitments under the WTO trade facilitation Agreement”  was held in Hanoi, by General Department of Vietnam Customs (GDVC) in cooperation with US Agency of International Development (USAID) and World Bank.   Building the plan for implementation of commitments under TFA The workshop is an action under Program of ...

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Trade deficit indicates Vietnam lacks competitiveness

 Commercial trade with ASEAN is a microcosm of the challenges facing the Vietnamese domestic sector globally. The trade deficit with the 10 member nations of the ASEAN trade bloc widened by US$4.5 billion during the first nine months of 2016, higher than the US$4.1 billion shortfall for last year’s same period, reports the General Department of Vietnam Customs. “The trade deficit continues a decade-long ...

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VN Runs Trade Surplus in First Nine Months

  Viet Nam enjoys a trade surplus of US$ 2.76 billion in the first nine months, the General Statistics Office (GSO) reported. The GSO announced that while goods marked a value surplus of US$ 2.76 billion in the January-September period, services suffered a trade deficit of US$ 3.4 billion.  In the first nine months, overseas shipment of goods was estimated at US$ 128.2 billion, representing a year-on-year increase of 6.7 per ...

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Boosting Trade Promotion in UK

Vietnam's exports will not be affected much after the British voted to leave the European Union (EU). To take advantage of opportunities from this potential market, Vietnamese companies need to focus on branding and actively boosting trade promotion in the UK. Trivial impacts from Brexit Mr Tran Ngoc Quan, Deputy Director of the European Market Department under the Ministry of Industry and Trade, said, ...

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