According to preliminary data of the General Department of Customs, in October 2022, the total import and export value of Vietnam's goods is estimated at 58.27 billion USD, approximately the same as the import and export value of the previous month (slightly increased 70 million USD). In which, the total export value increased by 1.5% and the total import value decreased by 1.3%.
The total import-export value of the country in 10 months increased by more than 14% in absolute terms compared to the same period in 2021. In which, the total export value increased by 15.9% and the total import value increased by more than 12%.
Thus, in October, the country had a trade surplus of 2.27 billion USD. Generally from the beginning of the year to the end of October 2022, the country has an estimated trade surplus of 9.4 billion USD.
Also according to information from the General Department of Customs, state budget revenue from import and export activities from October 1-31 reached 32,490 billion VND. Accumulated from January 1 to October 31, reaching 103% of the assigned balance, reaching 86.3% of the striving target, an increase of 14.6% over the same period in 2021.
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.
Entering April 2026, escalating tensions in the Strait of Hormuz have triggered a systemic disruption across global logistics networks. However, for Vietnamese import-export enterprises, the immediate risk is no longer confined to the Middle East. The critical pressure point has shifted to Asia’s transshipment hubs-most notably Singapore-where congestion is now constraining regional cargo flows at scale.
Glotrans would like to inform our valued Customers and Partners of our upcoming holiday schedule as follows:
April 23, 2026 marks the 5-year milestone of establishment and development of Glotrans – Quy Nhon Branch. Though the journey is not long, it is enough to affirm the resilience, dedication, and strong growth spirit of a young, dynamic, and promising team.
Glotrans has successfully completed a cross-border Door-to-Door transportation project, connecting China to Central Vietnam, involving a fleet of 9 trailer trucks, ensuring schedule compliance and safety throughout the entire journey.
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.
