Deputy Minister of Agriculture and Rural Development Tran Thanh Nam on September 23 met with a World Bank (WB) delegation to discuss preparations for signing the Emission Reduction Payment Agreement (ERPA) with the Transformative Carbon Asset Facility (TCAF).

The trip by Party General Secretary and State President To Lam, his spouse, and a high-ranking delegation of Vietnam to attend the UN Summit of the Future and the 79th session of the UN General Assembly (UNGA 79), and hold working sessions in the US is expected to provide fresh opportunities for trade ties with the US.

Vietnam spent more than US$1 billion importing approximately 3.64 million tonnes of wheat during the eight-month period, marking a sharp increase of 18.3% in volume but a fall of 6.7% in value, according to statistics released by the General Department of Vietnam Customs.

Accounting for over 7% of the market share, the nation currently makes up the world's third largest seafood exporter, behind only China and Norway, according to industry insiders.

Vietnam requests the US to continue implementing its commitment to broad, strong and constructive coordination and to soon recognise the market economy status of Vietnam, Spokeswoman of the Ministry of Foreign Affairs Pham Thu Hang has said.

Continuing his ongoing state visit to India, Prime Minister Pham Minh Chinh engaged with leaders of several leading Indian economic conglomerates in New Delhi on July 31, with the discussions focusing on deepening and concretising the Vietnam-India comprehensive strategic partnership.

The southeastern region boasts many advantages for developing production and trade, but it still needs to quickly improve trade promotion infrastructure, logistics, and the planning of concentrated material supplying zones to fully tap into local potential to boost import and export, heard a workshop held in Ho Chi Minh City on July 31.

Rice exports could bring in a record turnover of 5 billion USD this year if the pace of shipment is maintained like at present, according to Vu Tuan Anh, CEO of GLE company, a  rice exporter.

Vietnam imported over 8.22 million tonnes of iron and steel during the first half of this year, up 48% in volume and 25% in value compared to the same period from last year.

Germany has increased the import of Vietnamese commodities in the first six months of the year in the context that it reduced imports from other markets, according to the General Department of Vietnam Customs.

Vietnam earned 4.4 billion USD from exporting aquatic products in the first half of this year, up nearly 7% year-on-year, the Vietnam Association of Seafood Exporters and Producers (VASEP) has reported.

Japan will consider new generation ODA for Vietnam, with a primary focus on new fields such as digital transformation, green transformation, climate change response and health, alongside infrastructure construction as a traditional field, said newly appointed Japanese Ambassador to Vietnam Ito Naoki.

Six Vietnamese provinces and cities, including Ho Chi Minh City, Bac Ninh, Binh Duong, Thai Nguyen, Hai Phong, and Bac Giang earned export turnover of more than US$10 billion over the past five months, according to the latest statistics released the General Department of Customs.

The game industry in Vietnam has recorded strong progress recently, and authorities are moving to tap into its substantial potential.

The Ministry of Finance (MoF) said on June 5 that in the first five months of 2024, domestic market prices were basically stable, with market developments in line with the price management scenario set by the Prime Minister’s Steering Committee for Price Management.

Thailand, the world’s biggest durian exporter with a total export turnover of US$7 billion, became Vietnam's second largest importer of this fruit in the first four months of 2024.