Vietnam’s growth to rise by 6.5% in 2022: ICAEW
The economic recovery across the South-East Asian region has been uneven and must now contend with rising external headwinds from outside the region.
Southern city aims to have 124 OCOP by 2025
By 2025, Ho Chi Minh (HCM) City strives to have at least 124 OCOP (One Commune One Products) recognized with 3 stars or more; and 100% of new-style rural areas communes will have recognized products.
Hanoi’s state budget collection posts 58.5% of estimate
Hanoi’s state budget collection by tax management agencies is estimated at 164.875 trillion VND in the first half of 2022, 58.5% of the estimate, up 22.8% over the same period last year.
2.2 billion USD committed for Mekong Delta’s sustainable development
A group of six international financial institutions (WB, ADB, AFD, KfW, JICA, KEXIM) have committed to financing 2.2 billion USD in official development assistance (ODA) and preferential loans for 20 sustainable development projects in the Mekong Delta on adaption to climate change during the 2021-2025 period.
Vietnam’s exports and imports total 31.64 billion USD in first half of June
Vietnam’s commodity export and import value in the first half of June 2022 reached 31.64 billion USD, a decrease of 10% compared to the second half of May 2022, according to the latest preliminary statistics of the General Department of Customs.
Shrimp exports to Canada enjoy highest increase in CPTPP bloc
After the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) took effect in 2019, Vietnam’s shrimp exports to Canada continuously increased.
Vietnam - Cambodia Entrepreneur Friendship Branch launched
The Executive Committee of the Vietnam - Cambodia Friendship Association’s chapter in Hanoi on June 22 held a ceremony to launch the Vietnam - Cambodia Entrepreneur Friendship Branch of Hanoi to celebrate the 55th anniversary of Vietnam - Cambodia diplomatic relations (June 24, 1967 - June 24, 2022).
Keeping public debt below 60 percent of GDP by 2030 targeted
Vietnam is targeting to control public debt below 60 percent of gross domestic product (GDP) by 2030 to ensure debt safety and national financial security.
Measures sought to strengthen Vietnam-Indonesia trade
The Vietnamese Embassy and Vietnamese Trade Office in Indonesia jointly held a talk with the Vietnamese business community in the country on June 17, aiming to foster trade partnership between the two countries.
Quang Ninh resumes customs clearance at Ka Long int'l border gate after three years
Customs clearance activities at the Ka Long international border gate in the northeastern province of Quang Ninh’s Mong Cai city were resumed on June 17 after over three years of suspension due to the COVID-19 pandemic, marking the return to normal operation at all border gates and openings in the city.
Nearly 430 million USD needed for Can Tho-Hau Giang section of North-South Expressway
A proposal has been sent to the Ministry of Transport asking for evaluation of a feasibility report on the construction of the Can Tho – Hau Giang section as part of the eastern route of the North-South Expressway.
Vietnam, Australia increase trade and technology cooperation
A forum on “Vietnam – Australia Business Cooperation” was held on June 16 with the aim of technology transfer and business opportunities between innovation ecosystems in terms of clean energy, hi-tech agriculture and digital application.
Mini Thailand Week held in Quang Ninh for first time
Mini Thailand Week – the first of its kind – kicked off in the northern province of Quang Ninh on June 16, showcasing outstanding Thai products.
Workshop seeks to boost Lai Chau’s tea exports
The Middle East, North Africa and South Africa are potential markets for tea products from Lai Chau province but their export is still modest due to a lack of information on each other and effective connections, Deputy Foreign Minister Pham Quang Hieu has said.
Vietnam boasts world’s fastest recovering domestic aviation market
Vietnam’s domestic aviation market is recovering at the fastest pace in the world with a growth rate of 123 percent compared to the same period of 2019, before the COVID-19 pandemic broke out.
Ho Chi Minh City seeks supporting industry suppliers
Ho Chi Minh (HCM) City will organize a conference from September 8-9, 2022 to find supporting industry suppliers.
Vietnam to have at least three int’l-standard maritime economic centres: Ministry
The Ministry of Planning and Investment has sent a document to the Prime Minister asking for approval of a project to develop maritime clusters associated with building strong maritime economic centres until 2030, which sets a target of building from three to four centres leading Southeast Asia.
Conference seeks ways to step up food exports to African market
A Vietnam-Africa online trade exchange conference was held on June 14 by the Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade in collaboration with Vietnam Trade Offices in African countries, aiming to help Vietnamese businesses, localities and cooperatives seek partnerships to boost food exports to the African market.
Foreign-invested enterprises enjoy trade surplus of over 13.6 billion USD
Despite being heavily hit by the COVID-19 epidemic, Vietnam's exports in the first 5 months of the year still maintained a double-digit growth rate, of which the foreign-invested sector (FDI) had a trade surplus of 13.6 billion USD.
Vietnamese noodles gain easier entry to EU
Vietnamese products sold in Europe such as vermicelli made of cassava, rice noodles and Pho have been removed from the list of agricultural product groups which need to be strictly inspected when exporting to the market, according to the Office of the Ministry of Industry and Trade.
VinFast set to open first 50 sales centres in Europe
Vietnamese car manufacturer VinFast on June 14 unveiled plans to launch more than 50 sales and after-sales service centres (VinFast Store) in Germany, France, and the Netherlands.
Five-month fruit and vegetable export turnover reaches 1.4 billion USD
Vietnam’s fruit and vegetable export turnover hit 1.4 billion USD in the first five months of this year, down 17 percent compared to the same period last year, according to the Ministry of Agriculture and Rural Development (MARD).
Industrial production index up 8.3% in first 5 months of 2022
The industrial production index posted a year-on-year rise of 8.3 percent in the first five months of 2022. Manufacturing and processing expanded 9.2 percent and phone components, which are the major industrial products in the reviewed period, surged 21.6 percent against the same period last year.
Vietnamese and Korean businesses conduct over 40 direct trade deals
On June 9, KOTRA (Korea Trade and Investment Promotion Agency) Hanoi connected and supported more than 40 direct trade deals between Vietnamese and Korean businesses.
Australia helps Central Highlands use innovation in agriculture and food industry
(CPV) - The five provinces of Vietnam’s Central Highlands, Dak Lak, Dak Nong, Gia Lai, Kon Tum and Lam Dong have come together to launch a Regional Innovation Cluster.
Rubber exports continue to grow sharply in May
Vietnam’s rubber exports in May 2022 were estimated at 181 million USD, up 40.4% in volume and 27.9% in value compared to the previous month.
Coffee export turnover exceeds 2 billion USD in five months
Vietnam shipped 889,000 tonnes of coffee overseas for more than 2 billion USD in the first five months of 2022, up 24.2 and 54 percent year on year, respectively.
Solutions proposed to improve int’l railway transport service
The Ministry of Transport has been tasked with coordinating with relevant ministries, sectors and localities in considering and handling recommendations of the Vietnam Railways Corporation (VNR) on how to better the capacity of international railway transport serving import and export activities.
Ben Tre about to export first batch of green-skinned pomelos to US
Chairman of the Ben Tre provincial People’s Committee Tran Ngoc Tam has agreed with the plan to export the first batch of green-skinned pomelo of Chanh Thu Fruit Import-Export Co., Ltd to the US.
Foreign investment cooperation strategy in 2021-2030
Standing Deputy Prime Minister (PM) Pham Binh Minh has just signed Decision 667/QD-TTg approving the foreign investment cooperation strategy for the 2021-2030 period.