Trade - Service

Railway Transport and Trade Company (Ratraco) and Russia’s RZD Logistics Company recently launched the first container train service connecting Vietnam and Russia, easing the goods exchange between the two countries.

During the first 15 days of 2018, Vietnam’s total export value reached US$9,257 billion while imports amounted to US$9.56 billion, according to the General Department of Vietnam Customs’ latest statistics.

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will be signed on March 8 in Chile, after overcoming differences on outstanding issues, including disputes on Vietnam labor policies.

In 2017, Airports Corporation of Vietnam (ACV)’s revenue reached VND14.8 trillion (US$654 million), equivalent to 112% of the year’s plan and up 15% over the 2016, according to the firm’s report.

In 2017, Vietnam supplied more than 1 billion footwear products of all kinds to the world market, accounting for 7.3% of the global market share.

The national flag carrier Vietnam Airlines has introduced its premium economy class for routes connecting Hanoi and Ho Chi Minh City to Tokyo of Japan.

As the US announced its decision to impose antidumping duties on Vietnam’s fish fillet imports, Vietnam had filed a complaint to the World Trade Organization (WTO) over its decision on January 12.

This lies among Vietnam government’s key strategies to push the country`s business environment rank up in worldwide map.

The EU-Vietnam Free Trade Agreement (EVFTA) will be split into two separate ones: the Free Trade Agreement and the Investment Protection (IP) Agreement.

Saigon Beer Alcohol Beverage (Sabeco), the country’s largest brewer, aims to increase its domestic market share from the current level of 40% to 50%, thanks to the retail network of Thaibev.

With over 6,000 enterprises, textile & garment industry accounted for 15% of Vietnam’s total trade value in 2017 and plays a key role in the economy.

2017 ended with an impressive trade value of US$ 212 billion, an increase of 21% over the last year’s figure. Expectation thus will be even higher for 2018, as such, Vietnam’s billion-dollar-export markets will once again in the focus of attention.

Vietnam’s retail market picks up where it left off last year with the addition of two leading brands joined the market right in the first month of 2018.

Under this draft proposal, the Ministry of Finance proposed to impose 10% excise tax on sweetened beverages, excluding dairy products as of 2019.

At the EVN conference on Jan 4, Deputy General Director of EVN Vo Quang Lam said total revenue of EVN in 2017 is estimated at US$ 12.87 billion.

Despite many difficulties in the first few months of 2017, but by the year end, export value of the Vietnam’s textile & garment industry has reached record high, which is expected to continue its growing trend as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will soon come into force.

Vietnam Trade Representative in Australia stated that the country continue to be the potential market for Vietnam’s fisheries in 2018.

In 2017, the National Assembly and the government set target for trade deficit to be under 3% compared to the total export value. However, as of December 15, 2017, Vietnam has had trade surplus of US$ 2.72 billion USD.

As export value of Vietnam in 2017 reached a record high number, the FDI sector still contributed to 73% of export turnover.

After two months of delay, GS Retail, operator of GS25 network will launch its first convenience store in Ho Chi Minh city on January 19.