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October
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Trade surplus hits record high of US$17 billion over nine-month period
  Amid challenging developments relating to the novel coronavirus (COVID-19) pandemic which has vastly disrupted international trade, Vietnamese exports have maintained positive growth, with the trade surplus reaching approximately US$17 billion, whilst the trade deficit stands at US$8.16 billion, according to the General Statistics Office.
Law on Trade Unions should be amended to meet requirements of new era
  The Law on Trade Unions should be revised to overcome its shortcomings and ensure consistency with the country’s legal framework as well as meet the requirements of international integration, said Ngọ Duy Hiểu, vice chairman of the Việt Nam General Confederation of Labour (VGCL).
Việt Nam needs consultation to push up economic development
  Việt Nam urgently needs consultation from international organisations, ministries, partners and scientists to ensure recovery and sustainable, inclusive growth post-COVID-19 pandemic, Minister of Planning and Investment Nguyễn Chí Dũng has said.
UK secures Vietnam backing to join Trans-Pacific trading group, Raab says
  Foreign Secretary Dominic Raab said on Wednesday Britain had secured Vietnam’s public support for it to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Adjusting trade promotion strategies
  Trade promotion activities have helped Vietnam to not only reach export surpluses throughout most of the last decade but also extend its reach towards 12 times the amount of countries and territories in 2000. Vu Ba Phu, director general of the Trade Promotion Agency under the Ministry of Industry and Trade, discussed with Van Nguyen current bottlenecks that hinder further expansion of trade promotion abroad.
Opportunities await sugarcane farmers if they change way of thinking
  While many people believe that sugarcane farmers will face difficulties after Vietnam implements the ASEAN Trade In Goods Agreement (ATIGA), there are also some who say it could offer bright prospects for Vietnamese sugarcane to maximise its economic value if there is coordination between the State, scientists, entrepreneurs and especially farmers.
Canadian market holds potential for wooden furniture exports: Experts
  Canada offers substantial potential to Vietnamese wood and wooden furniture exporters, experts told a Vietnam-Canada trade exchange held online on September 30.
Steel industry expects consumption recovery by year-end
  The implementation of many large projects after the social distancing period and disbursement of public investment for infrastructure until the end of this year are expected to support growth in construction steel consumption, according to Rồng Việt Securities (VDSC).
Asia Coffee-Vietnam prices fall for second straight week, Indonesia premiums gain
  Indonesia — Vietnam’s domestic coffee prices dropped for the second week on weak global cues, while Indonesia’s premiums stayed firm as some farmers held their beans stocks instead of selling them, traders said on Thursday.
Vietnam likely to earn 300 billion USD in exports this year
  The industry and trade sector is exerting all-out efforts to achieve the target of 300 billion USD in export turnover this year in the context that the COVID-19 pandemic is seriously affecting global trade.
VN seeks ways to increase wood products exports to Canada
  Vietnamese wood processing companies have not made full use of the incentives on offer when exporting to Canada, an online conference heard.
Trade deal expected to stimulate Vietnamese coffee exports to EU
  Analysts expect EVFTA to give a big boost to Việt Nam’s coffee exports to the world’s largest market
81% of enterprises optimistic about business production in fourth quarter Vietnamese shrimp is leading in exports to Canada Vietnam likely to earn 300 billion USD in exports this year
  The General Statistics Office of Vietnam said that the disruption in the supply chain due to the Covid-19 pandemic hit the business production activities of enterprises.
Despite Covid-19, many logistics enterprises overcome difficulties
  Some logistics enterprises are still operating well with high revenue thanks to mainly serving loading and unloading and transporting goods at air cargo terminals, which are less affected than transportation of passengers.
More Italian firms invest in Vietnamese textile industry
  More and more Italian textile firms are investing in Vietnam to take advantage of the EU-Vietnam Free Trade Agreement (EVFTA) and export to the European market, experts said.
Finding opportunities for exporting to South American market
  VCN – Consisting of Agrentina, Brazil, Paraquay and Uruguay, the South American Common Market (Mercosur) is the fifth-largest economic block in the world and one of the leading manufacturers of food, raw materials and energy.
Spurring trade linkages with Mercosur
  The Ministry of Industry and Trade convened an online video-conference to boost economic, commercial, and trade cooperation with the largest regional trade bloc in Latin America.
Garment, textile enterprises struggle to wait for orders
  The situation of the Covid-19 pandemic in the world is still complicated, and the main export markets have not recovered yet, seriously affecting the domestic garment and textile industry. Entering the last quarter of the year, enterprises have been struggling to maintain operations by sharing rare and unprofitable orders, with the hope that the market will recover soon.
Nestlé’s project aims to make Vietnam international reference for Robusta coffee
  Vietnam’s Robusta coffee does not pursue the goal of being the world's No.1 in production or productivity, but how to help coffee growers to get high profits, Vietnamese coffee to be popular with many people around the world, creating a general value chain and aiming at sustainable development for coffee products, as well as making Vietnam become the reference place for the world’s Robusta coffee.
Nine-month agro-forestry-aquatic product exports hit 30.05 bln USD
  Vietnam raked in 30.05 billion USD from exporting agro-forestry-aquatic products in the first three quarters of 2020 and the value is hoped to hit over 40 billion USD for the whole year, said Deputy Minister of Agriculture and Rural Development Phung Duc Tien.
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