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).
Specifically, the export turnover of goods in November 2022 was estimated at 29.18 billion USD, down 3.9% over the previous month and down 8.4% over the same period last year. In the first 11 months of 2022, export turnover of goods was estimated at 342.21 billion USD, up 13.4% over the same period last year.
Regarding the structure of export goods group in the first 11 months of 2022, the group of processed industrial products accounted for 89% (equal to the same period last year); fuel and mineral products accounted for 1.4%, up 0.2 percentage points over the same period last year; agricultural and forestry products accounted for 6.6%, down 0.5 percentage points; aquatic products accounted for 3%, increased by 0.3 percentage points.
In the first 11 months of 2022, there are 35 items with export turnover of over 1 billion USD, accounting for 93.7% of total export turnover (there are 08 export items with over 10 billion USD, accounting for 70.1%).
In the opposite direction, the import turnover of goods in November 2022 was estimated at USD 28.4 billion, up 1.8% over the previous month and down 7.3% over the same period last year. In the first 11 months of 2022, the import turnover of goods was estimated at $331.61 billion, up 10.1% over the same period last year.
Regarding the structure of imported goods in the first 11 months of 2022, the group of capital goods accounted for 93.6% (equivalent to the same period in 2021). In which, the group of machinery, equipment, tools and spare parts accounted for 44.7%, down 1.8 percentage points over the same period last year; raw materials, fuel and materials accounted for 48.9%, up 1.8 percentage points. The group of consumer products accounted for 6.4%, equal to the same period last year.
Regarding the export and import markets of goods in the first 11 months of 2022, the United States is the largest export market of Vietnam with an estimated turnover of 101.5 billion USD. China is Vietnam's largest import market with an estimated turnover of 109.9 billion USD.
In the first 11 months of 2022, the trade balance of goods is estimated to have a trade surplus of 10.6 billion USD (the same period last year, a trade surplus of 0.6 billion USD).
As sustainability continues to gain importance across global business operations, Green Procurement is becoming a key consideration in sourcing strategies and supply chain management
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.
As our Team Building journey in Phu Yen comes to a close, what remains is not only beautiful photos or joyful moments, but a stronger team spirit than ever before.
Our Team Building 2026 journey in Ninh Binh has come to a successful close, leaving us with meaningful memories, stronger connections, and renewed energy for the road ahead.
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.
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.
