US

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Society – Economy

German firm seeks US$4.6-billion investment in offshore wind power in Binh Dinh
Leaders of Binh Dinh had a working session on October 22 with Per Hornung Pedersen, Chairman and CEO of German company PNE, which is considering investment in a US$4.6-billion offshore wind power plant in the south-central province.
Vietnam’s coffee exports exceed US$5 billion in 2023-2024 crop year
Vietnam’s coffee exports exceeded the US$5 billion mark for the first time in the 2023-2024 crop year that lasted from October 1, 2023 to September 30, 2024.

US journalist suggests tour of Vietnam’s Hanoi capital in 36 hours
Chris Humphrey, a freelance journalist working for the New York Times, has written an article suggesting an interesting tour of Hanoi in just 36 hours following his experience of more than a decade of living in the capital.
US initiates administrative review of anti-dumping duty on Vietnam’s OCTG
The United States Department of Commerce (DOC) has issued a notice initiating an administrative review into the anti-dumping duty imposed on oil country tubular goods (OCTG) imported from Vietnam.
Vietnam’s FDI expected to hit US$39-40 bln this year
Vietnam expects to attract US$39-40 billion in foreign direct investment (FDI), according to forecasts to the end of the year.
Vietnam’s trade turnover exceeds US$600 billion mark by mid-October
As of mid-October, Vietnam’s totalimport-export turnover surpassed the US$600 billion mark, reaching US$610.56 billion, with a trade surplus of US$21.24 billion.

Hoa Phat exports new-generation refrigerators to US market
Hoa Phat Refrigeration said on October 17 that it has exported the first batch of its Double Inverter two door top-freezer refrigerators, with a capacity of 286 liters, to the US market.
US issues final determination on Vietnamese aluminum anti-dumping probe
The US Department of Commerce (DOC) recently issued its final determination on its anti-dumping investigation into aluminum extrusions and aluminum products originated from Vietnam, according to the Ministry of Industry and Trade's Trade Remedies Authority of Vietnam.
Việt Nam welcomes largest group of Peace Corps volunteers in programme history
They will work alongside local teachers to develop Vietnamese students’ English skills, creating greater access to educational and employment opportunities.
Vietnam – US bilateral trade officially exceeds US$100 billion
Two-way trade between Vietnam and the US surpassed the US$ 100 billion mark in the first nine months of the year, with the US remaining as the largest market for Vietnamese goods.
US extends issuance of final findings of anti-dumping duties on Vietnamese honey
The US Department of Commerce (DOC) has announced an extension for issuing the final findings of the first administrative review of the anti-dumping duties over honey products imported from Vietnam, according to the Ministry of Industry and Trade's Trade Remedies Authority.
Vietnam spends US$1.11 billion on importing corn from Argentina
Vietnam imports corn from five major markets, with Argentina emerging as the largest supplier, accounting for 57% of the country’s total corn imports over the past nine months, according to the General Department of Vietnam Customs.
Thai Nguyen seeks to draw US semiconductor investors
The northern province of Thai Nguyen is aiming to become an attractive destination for US investors in sectors like education, health care, culture, and especially semiconductors, Secretary of the provincial Party Committee Trinh Viet Hung has affirmed.
Việt Nam Week in US helps promote Vietnamese cultural heritage
The Vietnam Week 2024 has been held in Washington DC, the US, aiming to honour the country’s rich cultural heritage, enrich Vietnamese-American people's identity and commend the achievements of the Vietnamese-American community.
PM applauds Hyosung’s plan to invest another US$4 billion in Vietnam
Prime Minister Pham Minh Chinh received Chairman of Hyosung Group Cho Hyun-joon in Hanoi on October 14, applauding the Korean firm’s intention to invest another US$4 billion in Vietnam.
Major export items to China earning over US$1 billion each
Vietnam has raked in US$44.3 billion from exporting goods to the Chinese market over the past nine months, up 2.7% year on year, with many export items fetching a turnover of over US$1 billion each, according to the General Department of Vietnam Customs.
Vietnam spends US$470 million on importing meat from India
Vietnam is now importing meat and meat products from 57 markets, with India emerging as the largest supplier, accounting for 22.5% of the country’s total meat and meat product imports over the past nine months.
Nine-month rubber exports fetch US$2.18 billion
Vietnam exported 1.37 million tonnes of rubber worth US$2.18 billion during the nine-month period, representing a fall of 2.2% in volume but an increase of 16.4% in value against the same period from last year, according to details given by the Ministry of Industry and Trade.
VPBank signs US$150 million loan agreement to fund clean energy projects
The Vietnam Prosperity Joint Stock Commercial Bank (VPBank) and the Japan Bank for International Cooperation (JBIC) have recently signed a credit agreement worth up to US$150 million to finance renewable energy and power transmission projects in Vietnam, contributing to the national goal of achieving net-zero emissions by 2050.
Vietnam spends over US$2.5 billion on importing cars over nine-month period
Vietnam has imported a total of 124,090 completely-built-up (CBU) cars worth US$2.566 billion over the past nine months, up 32.6% in volume and 16% in value year on year, the General Statistics Office (GSO) unveiled.
Vietnamese in Germany donate another US$220,000 for flood victims
The money was handed over to Deputy Prime Minister Hồ Đức Phớc on October 9 on the occasion his working trip to the European nation. This lifts the total to 400,000 EUR.

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