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April
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Business in brief
  (Sourced from various news agencies)
Car imports rise again as firms adjust to rules
  The General Statistics Office of Vietnam (GSO) estimated that imports of completely built-up cars in April will likely jump in both volume and value compared to the previous month.
EC investigates steel imports
  The European Commission (EC) has decided to initiate a safeguard investigation concerning imports of 26 steel products to its member countries.
Third of local firms do business on social networks
  Almost a third of more than 4,100 enterprises surveyed in Vietnam do business on social networks, a slight decrease from the previous year.
Seafood export faces numerous barriers
  Despite strong outbound sales so far this year, Vietnam’s target of earning US$9-10 billion from seafood exports in 2018 may prove tough due to numerous technical barriers being set up in major markets, Nguoi Lao Dong newspaper reports.
Aquatic export up 11.5 pct in first quarter
  The export of aquatic products in March was estimated at 608 million USD, bringing the total shipment in the first three months to 1.7 billion USD, up 11.5% annually, according to the Ministry of Agriculture and Rural Development.
Business in brief
  (Sourced from various news agencies)
Car imports forecast to rise again as firms adjust to rules
  The General Statistics Office of Vietnam (GSO) estimated that imports of completely built-up cars in April will likely jump in both volume and value compared to the previous month.
Coffee export volumes jump, value falls in Q1
  Vietnam exported 520,000 tonnes of coffee worth US$1 billion in the first quarter of the year, an increase of 15.1% in volume but a decrease of 1.7% in value compared to the same period last year, according to the Ministry of Agriculture and Rural Development.
US launches investigations into Vietnamese laminated woven sacks
  The US Department of Commerce (DOC) recently announced an anti-dumping duty and countervailing duty investigations into laminated woven sacks imported from Vietnam.
Vietnam tourist numbers rise 30% in March with influx from China, S.Korea
  Vietnam’s international arrivals rose substantially in March, principally thanks to an influx of Chinese and South Korean holidaymakers.
Q1 2018: Export of key farm produce surges
  The first three months of 2018 saw strong rises in export volume and value of key farm produce such as rice, tea, cashew nuts, vegetables and cassava products, bringing the total export earnings of farm produce to US$4.6 billion, up 9% annually.
National retail sales surge 8.6% in Q1
  Vietnam’s total revenue from retail trade and services rose 10% year-on-year to exceed VNĐ1 quadrillion (US$46.57 billion) in the first quarter of this year, according to the General Statistics Office (GSO).
Business in brief
  (Sourced from various news agencies)
Vietnam’s coffee exports rake in 1 billion USD in Q1
  Vietnam exported up to 520,000 tons of coffee worth 1 billion USD in the first quarter of 2018, an increase of 15.1% in volume but a decrease of 1.7% in value compared to the same period last year.
Vietnam world’s second largest footwear exporter
  Vietnam has earned more than US$2.8 billion from footwear exports so far this year. The product has always been listed among goods with an export value of billions of US dollars for many years.
Import demand continues boosting Vietnam’s rice export
  High rice import demand from Vietnam’s major markets in the second quarter is expected to help exporters continue good overseas shipments in the first three months of this year.
FTAs help garment-textile firms diversify export markets
  Free trade agreements (FTAs) that Vietnam has signed and is going to sign have helped local firms diversity their export markets, according to Chairman of the Vietnam Textile and Apparel Association Vu Duc Giang.
Trade surplus surpasses 1.3 billion USD in Q1
  Total import-export value is estimated at 107.32 billion USD in the first three months of 2018 (with export value at more than 54.31 billion USD and import 53.01 billion USD).
E-commerce set for strong 2018
  The e-commerce market has taken off in Vietnam thanks to booming internet usage and smartphone ownership, along with massive investments from key retail players, local media reported.
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