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China replaces US as Vietnam’s largest shrimp export market

China imported US$834 million worth of Vietnamese shrimp last year, surpassing the U.S. as the largest buyer of the seafood. The figure marked an increase of 39% year-on-year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). The U.S., meanwhile, imported $756 million. The decline in China’s supply due to unfavorable weather conditions […]

Vietnam’s booming auto market narrows gap with Thailand

Vietnam’s auto market is catching up in size with that of Thailand, with the gap narrowing by almost 80% last year. Thai auto sales exceeded Vietnam’s by 370,000 units in 2023, but the figure shrank to just 78,000 last year. Thai sales fell by 26% to 572,700 vehicles, but in Vietnam there was a 22% […]

The US market continues to be a bright spot for the wood export industry

In 2025, the forestry sector is assigned the target of exporting over 18 billion USD of wood and wood products. Forecasts show that the United States will continue to be a bright spot for Vietnam’s wood export industry in 2025. On the contrary, demand may decline from the Chinese and EU markets… According to data […]

Transportation services grow positively in February

Passenger transport estimated at 7.3 million. Transportation activities grew positively in February in terms of both passenger and cargo transport, according to the General Statistics Office (GSO). Passenger transport was estimated at 7.3 million people, a year-on-year increase of 12.4%. Of which,  4.2 million were international passengers, up 22% and 3.1 million were domestic, up […]

Vietnam emerges as key hub for int’l textile manufacturers

Vietnam’s textile sector, comprising around 7,000 companies and over 3 million workers, dedicates 80% of its production capacity to exports and 20% to domestic consumption. The industry’s growth is supported by a well-developed logistics network, a skilled workforce, and a stable political environment.   HCM City (VNA) – Vietnam’s strategic location, commitment to sustainability, and innovation […]

Vietnam becomes Singapore’s 9 largest trading partner

In January 2025, the two-way trade turnover between Vietnam and Singapore reached more than 3.39 billion SGD, an increase of 16.83%. Of which, exports from Vietnam to Singapore reached 794 million SGD, an increase of 16.97% and imports from Singapore to Vietnam were about 2.6 billion SGD, an increase of 16.79%… According to statistics from […]

Vietnam to promote sustainable trade exchanges with EU

More measures will be actively deployed in response to the EU’s  “green growth policy” In his official dispatch  No. 17/CD-TTg, dated February 20, Prime Minister Pham Minh Chinh  requested several ministries to actively deploy measures to promote circular economy, sustainable production and consumption, and sustainable trade in line with EU’s “green growth policy,” according to […]

PM directs measures to boost economic growth, ensure GDP expansion of at least 8%

Under his Directive No. 05/CT-TTg, dated March 1, Prime Minister Pham Minh Chinh outlining key tasks and breakthrough solutions to drive economic growth   Prime Minister Pham Minh Chinh signed Directive No. 05/CT-TTg on March 1 to direct measures to boost economic growth, ensure GDP expansion of at least 8%. The Vietnam News Agency quoted […]

Japan pneumatics firm SMC to start $330 mln Vietnam expansion from July

SMC Manufacturing Vietnam, under Japanese pneumatic instrument producer SMC, aims to start its $330 million expansion in Vietnam from July. The firm received an investment registration certificate for the move in Dong Nai province earlier this month, increasing its total investment to $999.4 million. SMC Manufacturing Vietnam started investing in Dong Nai, an industrial hub in […]

Việt Nam vươn lên vị trí là đối tác thương mại lớn thứ 9 của Singapore

Tháng 1/2025 kim ngạch thương mại hai chiều Việt Nam – Singapore đạt hơn 3,39 tỷ SGD, tăng 16,83%. Trong đó xuất khẩu từ Việt Nam sang Singapore đạt 794 triệu SGD, tăng 16,97% và nhập khẩu từ Singapore vào Việt Nam khoảng 2,6 tỷ SGD, tăng 16,79%… Thương vụ Việt Nam tại Singapore cho […]

Trade surplus of over 154 billion USD to Europe and America

Data presented at the “Conference to review the development of the European – American market in 2024 and deploy tasks for 2025” showed that in 2024, the import-export turnover between Vietnam and the European – American market witnessed a strong recovery and growth compared to 2023. Total import-export turnover in 2024 is estimated at about […]

In 2024, Vietnam-Russia bilateral trade reached 4.59 billion USD

According to the General Department of Vietnam Customs, in 2024, bilateral trade turnover between Vietnam and the Russian Federation reached 4.59 billion USD, an increase of 26.4% compared to 2023. Of which, exports reached 2.34 billion USD, an increase of 34.5%; imports reached 2.25 billion USD, an increase of 19%. The trade surplus with the […]