US Is Vietnam’s Largest Importer

Vietnam’s exports to the US market in the first four months of the year surged to US$9.93 billion, up 15.7 percent compared to the same period last year, according to the statistics from the General Department of Vietnam Customs. 

The US continues to be Vietnam’s largest importer, followed by the EU with US$9.32 billion (up 9 percent), ASEAN with US$6.02 billion (a slight decrease of 0.5 percent) and China with US$4.82 billion (down 3.6 percent).

In the reviewed period, Vietnam’s exports to the Asian market reached US$24.63 billion.

Meanwhile, China remains the largest exporter to Vietnam with a turnover in the first 4 months reached US$15.3 billion, up 23.4 percent over last year’s corresponding period. It was followed by the Republic of Korea and ASEAN countries. 

Businesses have yet to feel effects of new import/export tariffs

Under the new import/export tariff scheme effective as of January 1, 2015, a zero tax rate is applied to many import items, but most Vietnamese businesses say this has yet to affect their business.

HCM City imports, exports tumble in first quarter

HCM City's imports and exports fell by 6 per cent and 7 per cent year-on-year in the first quarter mostly because of lower prices, a socio-economic review meeting last week heard.

Nghi Son Economic Zone to become multi-sector industrial area

The Nghi Son Economic Zone (EZ) in central Thanh Hoa province is expected to become a multi-sector industrial area with a focus on refinery-petrochemical and basic industries in the near future.

Vietnam seaports attract investment from major firms

According to the Ho Chi Minh Stock Exchange, Saigon Port Company Limited will make its initial public offering (IPO) on June 30.

Vietnam’s export structure shifts vigorously

Vietnam has witnessed a relative export expansion in both scale and speed, and seen a positive shift in export structure, helping develop the scale and growth rate of export