Exports to China may bounce back in the time to come thanks to rising demand as the northern neighbour further contains COVID-19, according to the Ministry of Industry and Trade (MoIT).
At the Huu Nhi International Border Gate in Lang Son province (Photo: VNA)
Hanoi (VNA) - Exports to China may bounce back in the time to come thanks to rising demand as the northern neighbour further contains COVID-19, according to the Ministry of Industry and Trade (MoIT).
Bilateral trade hit more than 35 billion USD in the first four months of this year, of which Vietnam earned 12.7 billion USD from exports, a year-on-year increase of 22.1 percent.
China is Vietnam’s second-largest export market, with 15.7 percent of the total, behind the US, which has the lion’s share of 24.9 percent.
Vietnam purchased goods worth 22.38 billion USD from China in the four-month period, down 1.6 percent year-on-year.
Vietnam’s trade deficit with China fell to 9.68 billion USD from over 12 billion USD in the same period last year.
The recent re-opening of a number of auxiliary border gates and crossings has helped revitalise bilateral trade.
Even though the pandemic has forced countries to restrict movement, which hurt trade, Vietnam has bolstered trade activities through online channels and expanded its export markets, the ministry said.
The Vietnam Trade Promotion Agency (VIETRADE) at MoIT and the Department of Commerce in China's Guangxi province held the Vietnam-China online trade conference in April, with more than 150 enterprises in farm produce and foodstuff taking part.
To remove bottlenecks in exports, MoIT suggested the Government allow the resumption of trade activities at all borders.
Border gates and crossings already permitted to re-open include Binh Nghi, Na Hinh, Na Nua, and Po Nhung in Lang Son province and Bac Phong Sinh and Ka Long in Quang Ninh province.
When deciding upon the re-opening of other gates, authorities in border localities have been asked to consider the current circumstances while giving priority to disease prevention and control./.
The COVID-19 pandemic has caused enormous impacts on Ho Chi Minh City in particular and Vietnam in general. However, many enterprises have grasped this opportunity and shifted their production to making products of high demand, ensuring jobs for workers while contributing to the economic recovery after the pandemic.
The Import-Export Department under the Ministry of Industry and Trade has urged local exporters shipping to the European Union (EU), Norway and Switzerland to register for REX as soon as possible.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
At the Huu Nhi International Border Gate in Lang Son province (Photo: VNA) 
