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Recent articles
Goods import and export guidance portal officially operates
What is the expectation from the end of the FTA agreement between Vietnam and the UK?
Behind the trade surplus of more than 20 billion USD
Export surplus - The highlight of economic growth
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For over 30 years, Freightman Logistics Vietnam has been your dedicated Logistics partner.
Centre Point Building, 106 Nguyen Van Troi, Ward 8, Phu Nhuan District, Ho Chi Minh City, Vietnam
02873026489
quocanh@freightmanlogistics.com.vn
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International Trade (ITC) has officially operated.<\/p>\n","content":"<p style=\"text-align: center;\"><img alt=\"\" src=\"\/datafiles\/31255\/upload\/images\/news\/cong-thong-tin-huong-dan-xuat-nhap-khau-hang-hoa-chinh-thuc-van-hanh.jpg\" \/><\/p>\n\n<p><span style=\"font-size:16px;\">On December 10, in Hanoi, the Goods Import and Export Guide Portal sponsored by the Danish Government, and the Trade Promotion Agency (Ministry of Industry and Trade) organized the construction under the technical assistance of the Center. International Trade (ITC) has officially operated.<\/span><\/p>\n\n<p><span style=\"font-size:16px;\">This is an online platform, serving in the form of "one-stop" information, providing information related to product import and export procedures, step by step description of import and export procedures from the perspective of Karma.<\/span><\/p>\n\n<p><span style=\"font-size:16px;\">Specifically, the portal guides and lists in detail relevant documents such as certificates, licenses, certificates, and legal documents that businesses need to include in the documents. At the same time, the portal allows looking up information such as time, costs (fees and charges) to export or import specific goods in Vietnam.<\/span><\/p>\n\n<p><span style=\"font-size:16px;\">In addition to factors such as time and cost transparency for processes, the Portal provides multi-dimensional support for businesses and regulators to see and understand the processes in an overall picture, Facilitate improvements and facilitate the simplification of procedures.<\/span><\/p>\n\n<p><span style=\"font-size:16px;\">Currently, the Goods Import and Export Guide has information about 39 product groups (of which 24 groups of exported products and 15 groups of imported products). Most of them are the products shown that account for the largest share of Vietnam's international trade.<\/span><\/p>\n\n<p><span style=\"font-size:16px;\">At the ceremony, Director of Trade Promotion Department, Mr. Vu Ba Phu affirmed that the Portal has concretize the steps of product import and export, detailed instructions on relevant documents and legal bases, thereby helping businesses solve problems of costs, save time, how to solve problems as well as update information quickly and effectively.<\/span><\/p>\n\n<p><span style=\"font-size:16px;\">Mr. Phu concluded that, in the unpredictable situation of the Covid-19 epidemic, businesses must both do business and take into account plans to deal with changes in transaction methods, therefore, ITC and the Department Trade promotion is making efforts so that businesses can efficiently produce, trade and export through simple and effective information search tools.<\/span><\/p>\n","image_url":"https:\/\/freightmanlogistics.com.vn\/datafiles\/46661\/upload\/images\/news\/cong-thong-tin-huong-dan-xuat-nhap-khau-hang-hoa-chinh-thuc-van-hanh-a.jpg?t=1753088069","image_thumb_url":"https:\/\/freightmanlogistics.com.vn\/datafiles\/46661\/upload\/thumb_images\/news\/cong-thong-tin-huong-dan-xuat-nhap-khau-hang-hoa-chinh-thuc-van-hanh-a.jpg?t=1753088063","tags":["official goods import and export portal operating","goods import and export guide portal","import and export"],"count_view":554,"seo_name":"goods-import-and-export-guidance-portal-officially-operates","date_update":1711519324,"date_created_format":1711519324,"meta_title":"","meta_desc":"","meta_keyword":"","qr_code":"https:\/\/freightmanlogistics.com.vn\/goods-import-and-export-guidance-portal-officially-operates"},{"id":639239,"name":"What is the expectation from the end of the FTA agreement between Vietnam and the UK?","desc":"<p>The Ministry of Industry and Trade said that on December 11, the final minutes of the negotiation of the Vietnam - UK Free Trade Agreement (UKVFTA) will be signed.<\/p>\n","content":"<p style=\"text-align: center;\"><img alt=\"\" src=\"\/datafiles\/31255\/upload\/images\/news\/ky-vong-gi-tu-viec-ket-thuc-thoa-thuan-fta-giua-viet-nam-va-anh.jpg\" \/><\/p>\n\n<p><span style=\"font-size:16px;\">The Ministry of Industry and Trade said that on December 11, the final minutes of the negotiation of the Vietnam - UK Free Trade Agreement (UKVFTA) will be signed.<\/span><\/p>\n\n<p><span style=\"font-size:16px;\">Explaining this, the Ministry of Industry and Trade affirmed that the FTA between Vietnam and the EU, which took effect on August 1, will no longer apply to the UK after December 31, 2020. At the same time, both sides wish to soon complete this agreement to promote economic recovery in the post-Covid-19 period.<\/span><\/p>\n\n<p><span style=\"font-size:16px;\">Most of the terms of the FTA between Vietnam and the UK will be the same as the Vietnam-EU FTA, so it won't take long for both countries to negotiate. According to the General Department of Customs, by the end of 2019, the total import-export turnover between Vietnam and the UK reached 6.6 billion USD. The UK is also the third largest trading partner of Vietnam in Europe (after Germany and the Netherlands) in recent years.<\/span><\/p>\n\n<p><span style=\"font-size:16px;\">However, "made in Vietnam" products consumed in the UK are much larger than the statistics, due to a significant amount of Vietnamese goods being imported through major ports in the Netherlands, Belgium, Germany, and France. Czech Republic before entering England.<\/span><\/p>\n\n<p><span style=\"font-size:16px;\">According to the Ministry of Industry and Trade, the import-export structure of Vietnam compared to the UK is complementary rather than competitive. Typically, Vietnam exports mainly textiles, footwear, wood and wood products, seafood, ... and imports from the UK such items as: pharmaceuticals, machinery and equipment. Therefore, in the coming time, trade exchanges between the two countries still have a lot of room for development.<\/span><\/p>\n\n<p><span style=\"font-size:16px;\">Recently, the Covid-19 pandemic has had a negative impact on the global supply chain, leading to a decrease in two-way trade turnover between Vietnam and the UK by the end of October 2020 by about 15%, reaching $ 4.7 billion. . Some of the biggest losers are non-essential items including: furniture, garments, shoes, handicrafts, interior decorations, travel goods, vehicles and accessories. spare.<\/span><\/p>\n\n<p><span style=\"font-size:16px;\">The Ministry of Industry and Trade has negotiated the law, the signing of an FTA between Vietnam and the UK will have more competitive advantages over other countries such as China, India, Thailand, Malaysia, Indonesia, the Philippines and Myanmar.<\/span><\/p>\n\n<p><span style=\"font-size:16px;\">Besides, Vietnam will have more opportunities for investment cooperation and transfer of technology, modern management skills from British businesses; an opportunity to attract British tourists after the end of the Covid-19 pandemic. Finally, UKVFTA will promote other bilateral cooperation with the UK in the areas of development assistance, defense, security, culture, education and training, ...<\/span><\/p>\n","image_url":"https:\/\/freightmanlogistics.com.vn\/datafiles\/46661\/upload\/images\/news\/ky-vong-gi-tu-viec-ket-thuc-thoa-thuan-fta-giua-viet-nam-va-anh-a.jpg?t=1753088070","image_thumb_url":"https:\/\/freightmanlogistics.com.vn\/datafiles\/46661\/upload\/thumb_images\/news\/ky-vong-gi-tu-viec-ket-thuc-thoa-thuan-fta-giua-viet-nam-va-anh-a.jpg?t=1753088063","tags":["What to expect from the conclusion of the FTA agreement between Vietnam and the UK","the FTA agreement between Vietnam and the UK","Vietnam and the UK"],"count_view":588,"seo_name":"what-is-the-expectation-from-the-end-of-the-fta-agreement-between-vietnam-and-the-uk","date_update":1711519324,"date_created_format":1711519324,"meta_title":"","meta_desc":"","meta_keyword":"","qr_code":"https:\/\/freightmanlogistics.com.vn\/what-is-the-expectation-from-the-end-of-the-fta-agreement-between-vietnam-and-the-uk"},{"id":639229,"name":"Behind the trade surplus of more than 20 billion USD","desc":"<p>If only in terms of pure numbers, the trade surplus of 20 billion USD is a good thing in the current context. But if the "dissection" more carefully, can see things of concern.<\/p>\n","content":"<p style=\"text-align: center;\"><img alt=\"\" src=\"\/datafiles\/31255\/upload\/images\/news\/dang-sau-con-so-xuat-sieu-hon-20-ty-usd.jpg\" \/><\/p>\n\n<p><span style=\"font-size:16px;\">Data from the General Statistics Office shows that, in the context of the Covid-19 epidemic continuing to develop complicatedly, negatively affecting the world economy, but the import and export activities of Vietnam in the first 11 months of 2020 still achieved. a record trade surplus of 20.1 billion USD.<\/span><\/p>\n\n<p><span style=\"font-size:16px;\">Total export and import turnover in 11 months was estimated at 489.1 billion USD, up 3.5% over the same period last year, of which exports reached 254.6 billion USD, up 5.3%; import reached 234.5 billion USD, up 1.5%.<\/span><\/p>\n\n<p><span style=\"font-size:16px;\">In the first 11 months of 2020, the export turnover of goods of the domestic economic sector will reach 73 billion USD, up 1.6%, accounting for 28.7% of the total export turnover; foreign investment sector (including crude oil) reached 181.6 billion USD, up 6.9%, accounting for 71.3%.<\/span><\/p>\n\n<p><span style=\"font-size:16px;\">Generally for 11 months of 2020, the import turnover of goods of the domestic economic sector reached 85.43 billion USD, down 9.6%; foreign invested sector reached 149.07 billion USD, up 9.2%.<\/span><\/p>\n\n<p><span style=\"font-size:16px;\">Many economists believe that, in addition to the good signs, this trade surplus also revealed some worrying points. Because the trade surplus increased partly because imports fell. If imports continue to decline, it will create a shortage of input materials for the Vietnamese economy.<\/span><\/p>\n\n<p><span style=\"font-size:16px;\">Currently, the global supply chain is threatened by epidemics, the COVID-19 epidemic is increasingly serious in the world and the risk of this disease is about to break out again this winter. , pushing the world economic crisis deeper.<\/span><\/p>\n\n<p><span style=\"font-size:16px;\">Dr. Nguyen Duc Do - Deputy Director of the Institute of Economics - Finance (Academy of Finance), also expressed concern that the record surplus is mainly due to economic difficulties, people and businesses cut spending. spending on investment and consumption led to a sharp decline in imports.<\/span><\/p>\n\n<p><span style=\"font-size:16px;\">Although the declining import trend has persisted for the past 10 months, it was only until November that the situation improved with a 1.5% increase over the same period last year. In which, mainly imported materials for production, accounting for 93.3% of total import turnover. This is a good signal that the international commodity manufacturing supply chain is gradually reconnecting. However, the fact that imports is still growing slowly and this shows that domestic production has not really recovered completely.<\/span><\/p>\n\n<p><span style=\"font-size:16px;\">The fact is that imports are still growing slowly and this shows that domestic production has not really fully recovered.<\/span><\/p>\n\n<p><span style=\"font-size:16px;\">Looking at the statistics also shows that, in terms of commodity export markets, the United States is the largest export market of Vietnam in 11 months with a turnover of $ 69.9 billion, up 25.7% over in the same period last year. Next is China with 43.1 billion USD (up 16%); EU market reached 32.2 billion USD, down 2.4%. ASEAN market reached 20.9 billion USD, decreased by 10.6%. South Korea reached 17.7 billion USD, down 2.7%. Japan reached 17.3 billion USD, down 6.5%.<\/span><\/p>\n\n<p><span style=\"font-size:16px;\">Thus, the trade surplus in 11 months is at a very high level, but mainly due to the growth of exports to the US and China markets. Meanwhile, exports to the EU and some markets such as ASEAN, Korea, and Japan all fell from 3% to 10%.<\/span><\/p>\n\n<p><span style=\"font-size:16px;\">With this structure, in the context of the current COVID-19 situation, it is still acceptable, but in the long run, it may lead to "dependence" on several markets, leading to export growth and export surplus. unsustainable.<\/span><\/p>\n\n<p><span style=\"font-size:16px;\">The opportunities and challenges from the FTA Agreements, especially the recently signed Regional Comprehensive Economic Partnership (RCEP), are clearly analyzed. Many partners in RCEP have a similar product structure to Vietnam, with strong competitiveness such as China, Thailand, Indonesia, ... will lead to more fierce competition in the whole market. export and domestic.<\/span><\/p>\n\n<p><span style=\"font-size:16px;\">Besides, there are also concerns about how difficult it is to improve and harmonize the trade balance with the countries in the Agreement when Vietnam is having trade deficit from many countries such as China, South Korea, and ASEAN countries. are exporting to America. And the trade defense measures, investigation against tax evasion, origin fraud, ... not only in the US market but also in other markets in the future will be a risk to Vietnamese businesses.<\/span><\/p>\n","image_url":"https:\/\/freightmanlogistics.com.vn\/datafiles\/46661\/upload\/images\/news\/dang-sau-con-so-xuat-sieu-hon-20-ty-usd-a.jpg?t=1753088070","image_thumb_url":"https:\/\/freightmanlogistics.com.vn\/datafiles\/46661\/upload\/thumb_images\/news\/dang-sau-con-so-xuat-sieu-hon-20-ty-usd-a.jpg?t=1753088063","tags":["behind the trade surplus of over 20 billion USD","trade surplus","and trade surplus of over 20 billion USD"],"count_view":384,"seo_name":"behind-the-trade-surplus-of-more-than-20-billion-usd","date_update":1711519324,"date_created_format":1711519324,"meta_title":"","meta_desc":"","meta_keyword":"","qr_code":"https:\/\/freightmanlogistics.com.vn\/behind-the-trade-surplus-of-more-than-20-billion-usd"},{"id":639235,"name":"Export surplus - The highlight of economic growth","desc":"<p>Gradually inching up along with the recovery of the economy, import and export turnover in the past 10 months reached approximately $ 440 billion, of which exports reached $ 229.27 billion and imports reached $ 210.55 billion. USD. Trade surplus has set a new peak with an export surplus of 18.72 billion USD, becoming a bright spot of Vietnam's economic growth.<\/p>\n","content":"<p style=\"text-align: center;\"><img alt=\"\" src=\"\/datafiles\/31255\/upload\/images\/news\/xuat-sieu-diem-sang-cua-tang-truong-kinh-te.jpg\" \/><\/p>\n\n<p><span style=\"font-size:16px;\">Trade surplus has maintained continuous growth in recent years, especially in the past 10 months, when the domestic production scene was greatly affected by the Covid-19 epidemic as well as the effects from the world market. . Efforts to open up markets, promote exports to take advantage of opportunities from free trade agreements, "Covid-era" online trading sessions, and especially internal efforts from each enterprise and association. the industry has made up the export growth figure in recent months, setting a record of trade surplus.<\/span><\/p>\n\n<p><span style=\"font-size:16px;\">In fact, many key export products have maintained good growth momentum, especially the group of industrial products and some agricultural, forestry and aquatic products. In 10 months, there were 31 items with export turnover of over 1 billion USD, accounting for 91.76% of total export turnover; There are 5 exported items of over 10 billion USD, accounting for 59.9%. The report of the Ministry of Industry and Trade shows that in October 2020, export turnover is estimated at 26.7 billion USD, down 1.7% compared to the month. In 9\/2020, it increased by 9.9% over the same period in 2019. According to the representative of the Import and Export Department - Ministry of Industry and Trade, with a quite positive recovery from the beginning of the third quarter of 2020 up to now, export turnover 10 May 2020 reached 229.27 billion USD, an increase of 4.7% over the same period in 2019, this is an encouraging result in the context of global trade facing difficulties due to the effects of the Covid-19 epidemic, many Asia's economy declined due to the impact of the epidemic.<\/span><\/p>\n\n<p><span style=\"font-size:16px;\">The processing industry continues to be a key role in the growth rate in October 2020 with a turnover of 22.53 billion USD, an increase of 9% compared to October 2019. In which, items with high growth momentum are still: computers, electronic products and components, up 13.6%; machinery, equipment, tools and other spare parts up 58.3%; wood and wood products by 11.1%; means of transport and spare parts by 25.1%; iron and steel of all kinds by 43%; phones and accessories also increased slightly again with an increase of 0.6%, ... Generally, in 10 months, the export turnover of processed industrial products grew quite high compared to the same period in 2019 with turnover is estimated at 194.37 billion USD, up 5.3% over the same period last year. Some items with good growth rates such as: computers, electronic products and components rose 24.3%; machinery, equipment, tools and spare parts by 42%; wood and wood products by 12.4%, ...<\/span><\/p>\n\n<p><span style=\"font-size:16px;\">In the context that the recovery of domestic production is not really sustainable, there are many opinions that the super-record number of the past 10 months has a factor to consider that is due to the decrease in imports, not an increase in exports. high; The source of raw materials for domestic production is broken due to epidemics, so in the long run, the decrease in imports will affect the domestic production. This concern is not unwarranted because each month, import turnover has a certain fluctuation with a downward trend more than an increase, compared to export turnover. However, if we look at the overall picture of import and export in the past 10 months, import still maintains an increase in parallel with the rise of exports, especially in October. Specifically, import turnover in October \/. 2020 is estimated at $ 24.5 billion, up 1.2% from the previous month. Generally, in the first 10 months of 2020, the total import turnover of goods was estimated at 210.55 billion USD, up 0.4% over the same period in 2019 (an increase of 7.6% in the same period).<\/span><\/p>\n\n<p><span style=\"font-size:16px;\">Import turnover has tended to increase over the same period, showing that production has started to recover, businesses have been preparing production plans to serve year-end demand. This can be clearly seen when looking at many import growth items concentrated in the manufacturing and processing industry, such as electronics, computers and components with 51.3 billion USD (accounting for 24.4%). total import turnover), up 20.2% over the same period last year; plastic products reached 5.9 billion USD, up 9.6%; chemical products reached 4.6 billion USD, up 3.3% ...<\/span><\/p>\n\n<p><span style=\"font-size:16px;\">Therefore, the October trade surplus with a trade surplus of 2.2 billion USD, and for the first 10 months of 2020, the record trade surplus of 18.72 billion USD is really the driving force. large for the economy, especially if compared with the level achieved in the same period last year was 9.3 billion USD.<\/span><\/p>\n\n<p><span style=\"font-size:16px;\">It is impossible not to objectively acknowledge that, in the context of continued declining or slowing growth in exports of many countries in the region, the result of export growth is at 4.7% and maintains a positive balance of trade. The surplus in the first 10 months of the year is a great effort of the economy.<\/span><\/p>\n\n<p><span style=\"font-size:16px;\">Back to 9 years ago, in 2011, when Vietnam started to implement the "Strategy on import and export goods for the period 2011-2020, with a vision to 2030", we still have a trade deficit of nearly 10 billion USD. trade deficit and for many years before that, trade deficit was always present in the economy. The capital economy is not strong enough, foreign currency reserves are not high, and having to spend a large amount to import goods is very difficult for maintaining macroeconomic stability and development. To see, having an impressive trade surplus in the past 4 years with a steady increase in the surplus over the years, and this year will be the 5th year that Vietnam continues to enjoy that momentum, we have a strategy. correct import and export, attracting foreign investment, administrative reform and improving the business environment, ... In which, the Ministry of Industry and Trade as the state management agency, the focal point on opening markets , developing new markets, negotiating trade agreements to increase merchandise export turnover has done its job well.<\/span><\/p>\n\n<p><span style=\"font-size:16px;\">The high growth in trade surplus has also affirmed the growth and sustainable development of international trade in the economic structure of Vietnam. The large trade surplus helps the country increase its foreign exchange reserves and have more foreign currencies to stabilize the exchange rate.<\/span><\/p>\n","image_url":"https:\/\/freightmanlogistics.com.vn\/datafiles\/46661\/upload\/images\/news\/xuat-sieu-diem-sang-cua-tang-truong-kinh-te-a.jpg?t=1753088069","image_thumb_url":"https:\/\/freightmanlogistics.com.vn\/datafiles\/46661\/upload\/thumb_images\/news\/xuat-sieu-diem-sang-cua-tang-truong-kinh-te-a.jpg?t=1753088063","tags":["export surplus is the bright spot of economic growth","export surplus","economic growth"],"count_view":558,"seo_name":"export-surplus-the-highlight-of-economic-growth","date_update":1711519324,"date_created_format":1711519324,"meta_title":"","meta_desc":"","meta_keyword":"","qr_code":"https:\/\/freightmanlogistics.com.vn\/export-surplus-the-highlight-of-economic-growth"}]},"widget_11149236":{"content_data":[]},"widget_11149238":{"content_data":{"content":""}},"widget_11149028":{"content_data":{"content":"Your Globalised Logistics Firm and Reliable Partner<br>"}},"widget_11149030":{"content_data":{"content":"Our Services<br>"}},"widget_11149032":{"content_data":{"content":"ADDRESSING CONTACT"}},"widget_11149033":{"content_data":{"content":"For over 30 years, Freightman Logistics Vietnam has been your dedicated Logistics partner."}},"widget_11149024":{"content_data":{"content":"Sản phẩm của "}},"widget_11149026":{"content_data":{"content":"Cung cấp bởi P.A Việt Nam"}},"title_page":"Services","category_desc":""}
