Ministry moves to retrieve peppercorn exports stuck in Nepal
The Ministry of Industry and Trade (MoIT) is working with Nepalese authorities to bring home 58 containers of peppercorn stuck in the country after it recently banned imports of the commodity.
The Ministry of Industry and Trade and businesses are working to handle 58 containers of peppercorn currently stuck in Nepal (Photo: VNA)
Hanoi (VNA) - The Ministryof Industry and Trade (MoIT) is working with Nepalese authorities to bring home58 containers of peppercorn st🌞uck in th♈e country after it recently bannedimports of the commodity.
According to the Vietnam Pepper Association(VPA), the 58 containers from 13 Vietnamese businesses are worth some 3 millionUSD and have been stuck in Nepal for about two months.
Peppercorn is one of five items the Nepalese Governmentrecently imposed import ban on. Though these batches had been shipped to Nepal priorto the ban taking effect, they have still not been handled.
Shortly after receiving a notification from theVPA, Minister of Industry and Trade Tran Tuan Anh sent a letter to the NepaleseMinister of Industry, Commerce and Supplies to request support for theVietnamese businesses.
Vietnamese authorities have been holding onlinesessions with the Nepalese side to identify solutions, including retrieving thecontainers.
The Nepalese minister promised to assist theVietnamese businesses.
Nepal’s import ban isn’t applicable to batcheswith letters of credit opened before March 29. To re-export goods from the country,it is important that Nepalese importers must submit the necessary applications.
Most of the contracts signed by the 13Vietnamese companies, however, do not have letters of credit, and over the lasttwo months or more, Nepalese importers reportedly haven’t taken any necessary measuresto help Vietnamese companies conduct re-export procedures.
The MoIT has been working with Vietnam’s tradeoffice in India, which is also in charge of Nepal, and the VPA to continuepersuading importers to coordinate with their Vietnamese partners to send thepeppercorn home.
In early July, some Nepalese importers agreed tosign re-export applications and provide related documents.
Giventhis case, the MoIT recommended enterprises take measures to prevent risks whentrading with South Asian markets like India and Nepal, including applyinginternational trade practices like opening letters of credit./.
Vietnam's shrimp industry expects to increase exports this year end because of a rise in demand, according to the Vietnam Association Seafood Exporters and Producers (VASEP).
Forestry exports will be no lower than 12 billion USD this year, Deputy Minister of Agriculture and Rural Development Ha Cong Tuan told a meeting in Hanoi on July 10.
Rice quotas for Vietnam under the EVFTA are expected to push Vietnam’s rice exports up from the second half of this year, according to the Ministry of Industry and Trade (MoIT).
Export revenue of forestry products hit over 5.3 billion USD in the first six months of 2020, up 2.7 percent over the same period last year, reported the Vietnam Administration of Forestry.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
The Ministry of Industry and Trade and businesses are working to handle 58 containers of peppercorn currently stuck in Nepal (Photo: VNA)
