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.
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.
From January 1, 2025, the FuelEU Maritime regulation officially takes effect, requiring ships to reduce their “well-to-wake” greenhouse gas intensity by 2% compared to the 2020 baseline, with targets rising progressively until 2050. As a result, “green” costs—including scarce alternative fuels, compliance fees, verification expenses, and carbon-related surcharges—are now clearly reflected in the invoices issued by carriers and shippers. FuelEU does not mandate the use of any specific fuel. Instead, it allows operators to choose the optimal combination of solutions—such as blended biofuels, LNG/bio-LNG, wind-assisted propulsion, or operational optimization—as long as the required emission intensity is achieved. In practice, on major European trade lanes, many carriers have already begun introducing separate “Green Compliance Surcharges” rather than incorporating all environmental costs into traditional bunker surcharges.
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.
