MARKET NEWS

STRENGTHENING BILATERAL COOPERATION BETWEEN VIETNAM - POLAND

On November 23, 2022, a consultation meeting on bilateral economic and trade cooperation between Vietnam - Poland between Deputy Minister of Industry and Trade Dang Hoang An and Minister of State of the Ministry of Development and Technology of the Republic of Poland, Mr. Grzegor Piechowiak was held at the Ministry of Industry and Trade. At the meeting, the two sides exchanged and discussed contents to promote economic and trade relations between Vietnam and Poland.

VIETNAM HAS A TRADE SURPLUS OF 10.6 BILLION USD

According to the report of the General Statistics Office, in the past 11 months, the country's trade balance of goods was estimated to have a trade surplus of 10.6 billion USD (the same period last year, the trade surplus was 0.6 billion USD).

11 MONTHS, IMPORT AND EXPORT REACHED $673.82 BILLION, SURPASSING THE RESULT IN 2021

In the eleven months of 2022, the total import and export turnover of goods was estimated at $673.82 billion, up 11.8% over the same period last year, exceeding the result in 2021 ($668.5 billion).

MAKING THE MOST OF THE EVFTA AGREEMENT, INCREASING EXPORTS TO THE EU MARKET IN THE NEW CONTEXT

After more than 2 years of implementing the EVFTA, Vietnam's exports to the EU have recorded positive results. However, the context of inflation and difficulties of the world economic situation, especially changes from the EU market, are expected to affect Vietnam's exports in the coming time. Enterprises need to prepare a methodical plan to take full advantage of market opportunities and great advantages from this Agreement.

SPOT CONTAINER FREIGHT RATES ON ASIA-EUROPE ROUTES CONTINUE TO PLUNGE

According to Drewry's data, container spot freight rates from Shanghai - Rotterdam fell sharply by 18%, to $2,192/FEU, down $495 in the past week.

BA RIA - VUNG TAU ECONOMIC DEVELOPMENT IS WORTHY OF THE ROLE OF INTERNATIONAL GATEWAY

Ba Ria - Vung Tau with the advantage of natural resources, the seaport has been promoting its role and position as an international gateway along with the shift of industrialization - modernization in the new context to realize the goals and objectives. aspiration for a "prosperous - happy country".

VINFAST EXPORTS 999 VF 8 CARS TO THE INTERNATIONAL MARKET

VinFast held a ceremony to export the first batch of smart electric cars, including 999 VF 8 cars to the international market in Hai Phong on November 25, 2022. The event marks a special step forward for Vietnam's car industry when for the first time, technological automobile products owned and manufactured by Vietnam officially come to the world in the anticipation of global consumers.

MINISTRY OF INDUSTRY AND TRADE ORGANIZES VIETNAM LOGISTICS FORUM 2022

Vietnam Logistics Forum is an annual event organized by the Ministry of Industry and Trade in collaboration with relevant agencies from 2013 to present. This is an important event of Vietnam's logistics industry with the goal of promoting the development of logistics services, creating a link between logistics and manufacturing and import-export industries, and also a place for dialogue and update information on important and urgent issues of logistics services in Vietnam and the world.

CONTAINER THROUGHPUT AT THE PORT OF VALENCIA IS AFFECTED BY GEOPOLITICAL AND INTERNATIONAL ECONOMIC UNCERTAINTY

In the first 10 months of the year, container throughput at the port of Valencia was 4,336,957 TEUs, down 7.7% year-on-year. Similarly, container throughput at the other top three European ports were Antwerp, Rotterdam and Hamburg also declined.