According to the Ministry of Industry and Trade, Vietnam's export turnover of goods has grown significantly in the past 5 months, showing a strong recovery after the recession.
As of May, total import-export turnover of goods reached 66.62 billion USD, up 9.1% over the previous month and up 22.6% over the same period last year. In the first 5 months of the year, the total import-export turnover of goods reached 305.53 billion USD, an increase of 16.6% over the same period last year, of which exports contributed 156.77 billion USD, an increase of 15.2%.
In particular, export commodity groups such as vegetables, fruits and wooden products all had a breakthrough. Vietnam's fruit and vegetable export turnover reached 2.49 billion USD on May 20, up 25.7% over the same period last year, thanks to increased demand from key markets such as China, Korea, United States, Japan and Thailand.
Wood products and wood products also recorded a positive recovery, with exports estimated to reach 6.1 billion USD in the first 5 months of 2024, up 23.5% over the same period last year. This reflects the efforts of businesses to adapt and update market trends, from export processing to designing new, unique and high-quality products, attracting the attention of international customers. international.
In addition, thanks to the advantages of Free Trade Agreements (FTAs), such as CPTPP and EVFTA, Vietnam has taken advantage of its competitive advantage to maintain strong growth in agricultural and food markets. Products. These FTAs not only commit to reducing tariffs but also promote foreign investment in the agricultural sector, contributing to the global supply chain.
Recent developments in the Middle East continue to have a significant impact on the global logistics industry. The ongoing closure of the Strait of Hormuz, combined with prolonged regional instability, is driving up transportation costs, affecting carrier operations, and placing additional strain on international supply chains.
For many years, logistics was viewed primarily as a back-end support function. Today, amid increasing global trade volatility, logistics has become a strategic factor directly influencing business growth, risk management capability, and long-term competitiveness.
Amid ongoing global supply chain restructuring, Vietnam is emerging as a key manufacturing and sourcing hub in Asia. The “China+1” strategy and the need for risk diversification are driving multinational corporations to expand their presence in Vietnam.
On the occasion of International Children’s Day (June 1st), GLOTRANS offices and branches nationwide simultaneously organized a meaningful gift-giving program for the children of employees currently working at the Company.
With the mission of discovering next-generation talents and reinforcing its position as a leading logistics enterprise in digital transformation, Glotrans HCM officially joined the Technology Exhibition & Recruitment Day 2026 (HUTECH Job Fair 2026). The event took place in an energetic and dynamic atmosphere, attracting thousands of students majoring in Economics, Logistics, and Information Technology from Ho Chi Minh City University of Technology (HUTECH).
From May 19–22, 2026, GLOTRANS is honored to participate in the PPL Networks Conference, one of the world’s leading networking events for international Freight Forwarding and Logistics companies.
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.
