Ho Chi Minh City’s foreign trade totalled more than 60.48 billion USD in the first eight months of this year, down 0.03 percent against the same period of 2019.
HCM City (VNA) – Ho Chi Minh City’s foreign trade totalled more than 60.48billion USD in the first eight months of this year, down 0.03 percent against thesame period of 2019.
In the January-Augustperiod, the southern economic hub shipped 28.4 billion USD worth of goods abroad,up 4 percent year-on-year. Excluding crude oil, exports reached 27.8 billionUSD, up 5.8 percent year-on-year.
Shipmentsof industrial goods rose 5.6 percent year-on-year to 19.65 billion USD, contributingthe largest share to the total, at 78.1 percent. Computers, electronics and componentsmade up 45.2 percent of the total, growing 26.2 percent to over 11.2 billionUSD. Meanwhile, textiles-garment and footwear posted sharp declines of 20.4percent and 12 percent, respectively.
Exportsof agricultural products exceeded 2.34 billion USD, down 0.6 percentyear-on-year, with rice shipments worth 705.8 million USD, up 14.2 percent. Conversely,exports of rubber nosedived 42.6 percent to 222.8 million USD.
Chinaremained HCM City’s largest customer during the reviewed period, importing morethan 6.84 billion USD, up 35.5 percent from a year earlier and representing26.2 percent of the total. It was followed by the US and Japan.
Thecity’s imports were valued at over 32 billion USD in the period, down 2.8percent. Main import items included machinery and components, and consumergoods./.
The Vietnam Textile and Garment Group (Vinatex) forecasts the country’s textile and garment exports will continue to decline by 14-18 percent each month for the rest of 2020 over the same period last year.
Trung An High-tech Farming JSC based in the Mekong Delta city of Can Tho is completing the packaging of the first batch of rice to the EU, which will enjoy zero percent tax.
Vietnam ran a surplus of 6.2 billion USD in agro-forestry-fishery trade in January-August, 4.9 percent higher than the same period last year, the latest updates of the Ministry of Agriculture and Rural Development showed.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Workers process shrimp for export (Photo: VNA) 
