According to statistics from the General Department of Customs, iron and steel imports to Vietnam in June reached more than 6 million tons with a value of more than 1,2 million USD, down 934% in volume and 17% in value. compared to the previous month.

The amount of imported hot-rolled coil steel in the first six months of this year increased sharply to an alarming level, 1.7 times higher than domestic production.

Recognition of Vietnam's market economy status by the U.S would be consistent with the strengthening of U.S.-Vietnam ties to a Comprehensive Strategic Partnership, said RMIT associate lecturer Phan Minh Hoa.

Vietnamese Minister of Industry and Trade Nguyen Hong Dien and Italian Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation Antonio Tajani recently held a working session in Italy to promote economic and trade cooperation between the two countries.

The US Department of Commerce (DOC) has ended in its entirety the probe into trade remedy tax evasion on wooden cabinets imported from Vietnam, according to the Trade Remedies Authority of Vietnam (TRAV) under the Ministry of Industry and Trade.

Vietnamese Trade and Industry Minister Nguyen Hong Dien has called on the G7 and its partners to immediately limit the erection of trade barriers, especially non-tariff measures that disrupt supply chains for essential goods.

The Republic of Korea (RoK) remains the largest investment partner in Vietnam, with a total registered capital of nearly 87.5 billion USD (accounting for 18% of total investment). The investment from the RoK has been focused on manufacturing and processing industries and expanded into new sectors such as construction, real estate, distribution, and retail.

Germany has increased the import of Vietnamese commodities in the first six months of the year in the context that it reduced imports from other markets, according to the General Department of Vietnam Customs.

In the first six months of 2024, import turnover of goods is estimated to reach US $178.45 billion, up 17% over the same period last year. The import structure of goods in the first six months of the year shows a positive signal when up to 88.8% of the total import turnover is the group of goods that need to be imported.

The Asian Infrastructure Investment Bank (AIIB) is always ready to support Vietnam and has prepared a 5-billion-USD loan to start with supporting the counrty’s infrastructure development, and will further mobilise private sector financing and resources to support sustainable infrastructure development in the country, AIIB President Jin Liqun told the Vietnam News Agency on July 17.