Exploiting potential markets to increase coffee export space

Exploiting potential markets to increase coffee export space

VCN - In February 2023, the average export price of Vietnam's coffee reached USD 2,174/ton, down 0.2% compared to January 2023 and down 5.7% compared to February 2022.
Consignments of over 600 tons of used oil are allowed for import or not?

Consignments of over 600 tons of used oil are allowed for import or not?

VCN - Zone 1st Sai Gon Seaport Customs Branch (HCM City Customs Department) processed customs procedures for consigning over 600 tons of oil declared as "100% new oil" imported by four companies from many countries.
Preliminary assessment of Vietnam international merchandise trade performance in the first 2 months of 2023

Preliminary assessment of Vietnam international merchandise trade performance in the first 2 months of 2023

Highlights 1. According to trade statistics of Vietnam Customs, in February 2023, a 5.9% upwards in total external merchandise turnover of Vietnam was recorded as compared to the result of the last month. Exports went up US dollars 10.3%, to US dollars 26.05 billion and imports increased 1.3%, to US dollars 23.25 billion in terms of month-on-month basis. As a result, there was a US dollars 2.8 billion surplus in Vietnam’s trade balance in this month.
Strictly control goods in transit, temporarily imported goods for re-export, goods deposited in bonded warehouses to prevent fraud

Strictly control goods in transit, temporarily imported goods for re-export, goods deposited in bonded warehouses to prevent fraud

VCN - The GDVC directs that the temporarily imported goods for re-export and goods transported from bonded warehouses to the exit border gate to export to foreign countries across border gates must be re-exported across international or main border gates.
Export of wood chips will decline

Export of wood chips will decline

VCN - In 2023, the wood industry sets a target of 7-9% growth, exporting US $ 18 billion.
Still having problems when exporting to China

Still having problems when exporting to China

VCN - Additionally, some businesses have not registered on the CIFER, especially the renewal registration. Within 3-6 months before the expiration of the registration period, they must submit an application for registration renewal on the CIFER.
Vietnam’s trade in goods reaches about US$ 123billion

Vietnam’s trade in goods reaches about US$ 123billion

VCN - In the first half of March, total import and export turnover fell by 11% year-on-year to US$ 27.15 billion.
Stabilizing exchange rate, reducing worries for import-export enterprises

Stabilizing exchange rate, reducing worries for import-export enterprises

VCN - Many banks have launched preferential credit packages for enterprises. In particular, many enterprises that need capital to pay for imports and exports are entitled to a preferential interest rate of only 7.5% per year.
Create export resilience from new markets

Create export resilience from new markets

VCN - A new market is a potential land for businesses to seize opportunities. As in the African market, according to data from the General Department of Customs, in 2022, our country's export turnover to Algeria will reach more than USD 141 million, down
Cashew exporting enterprises proposed to reduce procedures in  C/O issuance

Cashew exporting enterprises proposed to reduce procedures in C/O issuance

VCN - At the end of 2022, the Ministry of Industry and Trade of Vietnam worked with the Ministry of Commerce of Cambodia to help cashew nut export and processing enterprises to solve the problem of issuing C/O form E for raw cashews imported from Cambodia
Revenue from imports and exports falls by 19.4%

Revenue from imports and exports falls by 19.4%

VCN - The import and export turnover in February is estimated at US$ 49.46 billion, including export turnover of US$ 25.88 billion and import turnover of US$ 23.58 billion.
Seafood export expectations from market structure and deep processing

Seafood export expectations from market structure and deep processing

VCN - In 2022, Vietnam's seafood industry had a remarkable year of recovery and growth, despite many fluctuations in the second half of the year.
Preliminary assessment of Vietnam international merchandise trade performance in the first month of 2023

Preliminary assessment of Vietnam international merchandise trade performance in the first month of 2023

Highlights 1. According to trade statistics of Vietnam Customs, in the first month of 2023, a 17.3% downward in total external merchandise turnover of Vietnam was recorded as compared to the result of December 2022. Exports went down 18.7 %, to USD 23.61 billion and imports shrunk 15.9%, to USD 22.95 billion in terms of month-on-month basis. As a result, there was a USD 656 million surplus in Vietnam’s trade balance in this month.
The consumption market is ready for agricultural products

The consumption market is ready for agricultural products

VCN - According to a study by the International Trade Organization (ITC) on the role of trade promotion for the exports of countries, for every US$1 spent on export promotion activities, countries can add US$87 in export value and US$384 in contribution t
Preliminary assessment of Vietnam international merchandise trade performance in the second half of December, 2022

Preliminary assessment of Vietnam international merchandise trade performance in the second half of December, 2022

The Vietnam Customs Statistics announced that in the second half of December, 2022 the total Vietnam’s exports of US dollars 15.31 billion and imports of nearly US dollars 13.19 billion resulted in a trade surplus of US dollars 2.12 billion. Accordingly, the total value of export and import turnover of Vietnam in the second half of December was over US dollars 28.5 billion, up by 3.3% as compared to the first half of December-2022. Furthermore, in 2022, Vietnam was in trade surplus of USD 12.4 billion.
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