On October 29, according to information from the Vietnam Trade Office in the Philippines (Ministry of Industry and Trade), total bilateral trade between Vietnam and the Philippines reached nearly USD 6.5 billion in the first nine months of 2024, marking an increase of over 20% compared to the same period last year.**
Of this total, export turnover surpassed USD 4.6 billion, reflecting a 20.7% rise, while imports remained close to USD 1.9 billion, similar to the previous year’s figures.
With this growth trend, it is projected that in 2024, bilateral trade between Vietnam and the Philippines will exceed USD 8 billion for the first time, reaching an estimated USD 8.5 billion, with a trade surplus of over USD 3 billion.
In terms of product categories, 20 out of 35 sectors that Vietnam exports to the Philippines reported positive growth in the first nine months of 2024.
However, some export categories showed a decline, such as seafood, which dropped by 21.2%, and animal feed and raw materials, which decreased by 15.6%.
According to the Vietnam Trade Office in the Philippines, rice remains a leading export from Vietnam to the Philippines, maintaining impressive growth. In the first nine months, Vietnam's rice exports to the Philippines totaled USD 1.98 billion.
For the last three months of the year, it is expected that the Philippines’ demand for rice imports will continue to rise sharply due to increased domestic consumption and losses in the country's end-of-year harvest caused by natural disasters.
After a challenging period characterized by global market volatility, Vietnam’s paper industry is entering a new recovery cycle with optimistic signals.
As global supply chains continue to shift and the air cargo industry enters a new phase of post-pandemic restructuring, Southeast Asia is increasingly positioned as a strategic air logistics hub on the global map
After two hot years driven by e-commerce and disruption in sea freight, the air-cargo market in 2025 is slowing as supply and demand gradually normalize, belly-capacity (passenger-aircraft freight space) recovers and trade policies fluctuate. For Vietnamese companies exporting high-value goods, this is the time to re-calculate the “sea-air mix” to optimize cost, time and shipment certainty.
We wish our valued customers and partners a joyful and happy holiday.
On 23 December 2015, Glotrans Da Nang was officially established under the strategic direction of Glotrans Vietnam, marking an important milestone in expanding our nationwide network across Central Vietnam. From day one, the branch has carried the mission of becoming an efficient logistics gateway, contributing to the enhancement of Glotrans’ nationwide service network.
On the occasion of Vietnamese Teachers’ Day 20/11, Glotrans Vietnam would like to extend our warmest and most respectful greetings to all teachers, trainers, and everyone who tirelessly dedicates themselves to the mission of imparting knowledge.
The shipment of food additives was transported in container No. FCIU3301688 (20’), under B/L MPRSMUM1806, on the voyage from Nhavasheva Port (India) to Dinh Vu Port (Hai Phong, Vietnam) on 29/04/2017.
Company T (Plaintiff – the Insured) entered into an insurance contract with Company B (Defendant – the Insurer). After the insured event occurred, the Insurer alleged that the Insured had violated its obligation to prevent and mitigate losses. The Arbitral Tribunal acknowledged that such an obligation exists but concluded that the Insured did not breach it.
Under the insurance contract, the premium was to be paid in three installments, and in all three, the insured party was late in payment. When a dispute arose, the insurer (Defendant) argued that the insurance contract had terminated before the insured event occurred due to the late premium payment and therefore refused to make an insurance payout. However, the Arbitral Tribunal held a contrary view.
