1988 topps traded set value

Goods for export at the Tan Cang-Cat Lai Port in HCM City. Vietnam's exports to India topped 7.96 billion USD in 2022, up 26.8% year-on-year.  (Photo: VNA) Hanoi (VNS/VNA) - Two-way trade between Vietnam and India saw a yearly increase of 13.6% to 15.05 billion  USD in 2022, statistics from the General Department of Customs showed. During the year, Vietnam’s exports to India topped 7.96 billion USD, up 26.8% year-on-year. Among its export items, mobile phones and accessories posted the highest turnover with 1.52 billion USD, up 18.4%, making up nearly 20% of the total export value. Computers, electronics and parts came next with 1.03 billion USD, up 25%, or 13%, while machinery and equipment ranked third with 804 million USD or over 10%. Other staples with the highest value increase were coffee with 165%; iron and steel (97%) and footwear (96%). Some items, however, posted large decreases in export value, such as animal feed and raw materials with 23.04 million USD, down … [Read more...] about Vietnam’s trade with India hits record in 2022

UK Minister of State The Rt Hon Gregory Hands of the Department for International Trade arrived in Hanoi on February 1 to hold high level trade talks on how the UK joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will boost the economic firepower of the world’s most dynamic trade bloc. Minister Hands meets with Vice Minister of Industry and Trade, Tran Quoc Khanh. Upon his arrival in Hanoi, Minister Hands met with Vice Minister of Industry and Trade, Tran Quoc Khanh. With the next round of CPTPP negotiations upcoming, the UK Minister expressed. his country’s desire to finalisze accession at the earliest possible opportunity. The occasion also provided an opportunity to mark 50 years of UK-Vietnam diplomatic relations and discuss the thriving bilateral trade relationship which has increased by 12.4% over the last year and is valued at £5.9 billion. As a founding CPTPP member state, Vietnam marks the first leg of the UK … [Read more...] about “UK ready to boost CPTPP’s economic firepower”: UK Trade Minister

The capital city's authorities intend to build Vietnam's first outlet mall along the highway that connects the city and its international airport. Hanoi is considering building an outlet mall on both sides of the Nhat Tan – Noi Bai Highway. The view of the Nhat Tan - Noi Bai Highway. Photo: Pham Hung/The Hanoi Times The outlet mall will cover an area of 811.57 hectares along the highway that connects the city to the Noi Bai International Airport. If built, it will be the first of its kind in Vietnam. The municipal departments of Industry and Trade, and Planning and Architecture also proposed building the second outlet mall in Soc Son or Thanh Tri districts. An outlet mall offering high-end products whose prices can be discounted by up to 33% will attract customers interested in buying old-fashioned, low-priced items. According to the Hanoi Department of Industry and Trade, the outlet is a new type of shopping center in Vietnam. There have been no … [Read more...] about Hanoi plans an outlet mall along airport highway

Illustrative image (Photo: VNA) Hanoi (VNA) – The State Bank of Vietnam set the daily reference exchange rate at 23,610 VND/USD on February 1, up 1 VND from the previous day. With the current trading band of +/- 5%, the ceiling rate applied to commercial banks during the day is 23,790 VND/USD and the floor rate 22,491 VND/USD. The opening hour rates at commercial banks dropped. Vietcombank listed the buying rate at 23,250 VND/USD and the selling rate 23,230 VND/USD , both down 10 VND from the end of January 31. BIDV reduced both rates by 20 VND to 23,300 VND/USD (buying) and 23,600 VND/USD (selling)./. VNA … [Read more...] about Reference exchange rate up 1 VND on February 1

Minister of State Greg Hands of the UK Department for International Trade (L) meets with Vietnamese Deputy Minister of Industry and Trade Tran Quoc Khanh on February 1. (Photo Source: British Embassy in Vietnam) Hanoi – Minister of State Greg Hands of the UK Department for International Trade arrived in Hanoi on February 1 for high-level trade talks on how the UK joining of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will boost the economic firepower of the world’s most dynamic trade bloc, according to the British Embassy. Vietnam was the first leg of his three-day Asia-Pacific tour, which also includes Malaysia and Singapore. The visit aims to promote the UK’s engagement in the CPTPP, of which Vietnam is a founding member. It was also an opportunity to mark the 50th anniversary of the UK - Vietnam diplomatic relations and discuss the thriving bilateral trade relationship, which has increased 12.4% over the last year and is valued at 5.9 … [Read more...] about British official in Vietnam to boost accession to CPTPP

A trader looks at the market's movements at an exchange. Shares plummeted on Wednesday due to stronger selling pressure. — VNA/VNS Photo The market reversed and fell sharply in Wednesday's trade, with many stocks hitting the floor prices. On the Ho Chi Minh Stock Exchange (HoSE), the market benchmark VN-Index lost 35.21 points, or 3.17 per cent, to 1,075.97 points. After recovering in the previous session, the index couldn't keep the momentum to end the morning trade with a decline of 4.75 points. The market's breadth inclined to a negative zone with 271 stocks on the southern market going down, of which 45 registered the biggest intra-day loss of 7 per cent, while 79 stocks advanced. Liquidity increased strongly over the previous session. Accordingly, the trading value on HoSE jumped to nearly VND35.4 trillion (US$751.5 million), equivalent to a trading volume of over one billion shares. The index was weighed by rising selling force, with many large-cap stocks locked in … [Read more...] about Market falls sharply on strong selling force

Illustrative photo (Source: VNA) Hanoi (VNS/VNA) – Vietnam’s textile, garment and footwear sectors aim to achieve a total export value of 77-80 billion USD in 2025 and 106-108 billion USD in 2030, according to the strategy for the development of Vietnam’s textile and footwear industry. Under the development strategy approved by the Government, for the long term, the garment, textile, leather and footwear sectors are still key export industries of the economy. The sectors will continue to promote investment in the production of materials and auxiliary materials, as well as supporting industries. They will encourage the production of fabrics from domestically produced yarn to reduce imports, and form a complete supply and value chain in the region. For the leather and footwear industry, Nguyen Duc Thuan, Chairman of Lefaso, said domestic enterprises need to actively adapt to the requirements of the market and brands on sustainable development standards for products. They … [Read more...] about Garment, footwear exports aim to reach 80 bln USD by 2025

Illustrative image (Photo: baodautu.vn) Hanoi (VNA) – Vietnam is paying attention to mobilising resources to invest in developing green agriculture with an aim to raising the market share of its agricultural exports to the European Union. Last year, Vietnam’s export revenue of agro-fishery-forestry products set a record high of 53.22 billion USD, up 9.3% year-on-year. However, Europe accounted for only 11.3% of its market share. This is a modest number, although the agricultural sector has optimised many advantages of the EU- Vietnam Free Trade Agreement (EVFTA). One of the main reasons is said to be the union’s high requirements on farm imports, while Vietnam’s agricultural production has yet to meet green growth requirements. According to the World Bank’s report, agriculture is the second highest emitter, accounting for 19% of the nation’s total gas emissions in 2020. About 48% of the sector’s emissions and more than 75% of methane emissions are from rice … [Read more...] about Vietnam develops green agriculture to increase exports to EU

Prime Minister Pham Minh Chinh speaks at the meeting. (Photo: VNA) Hanoi (VNA) – Prime Minister Pham Minh Chinh outlined main tasks to improve the material and spiritual life of labourers at a meeting on coordination between the Government and the Vietnam General Confederation of Labour (VGCL) in Hanoi on February 1. The ministries of planning and investment; industry and trade; foreign affairs; and labour, invalids and social affairs should coordinate with the VGCL in boosting production and business, expanding the market, creating more jobs for labourers, and improving their skills, the Government leader said. He asked the ministries of construction, natural resources and environment and finance to work together with the confederation in handling issues relating to housing for labourers. The VGCL should coordinate with the ministries of culture, sports and tourism; health; and education and training in building cultural, educational and health care establishments … [Read more...] about PM speaks of major tasks to raise labourers’ material, spiritual life

The ministries of planning and investment; industry and trade; foreign affairs; and labor, invalids and social affairs should coordinate with the VGCL in boosting production and business, expanding the market, creating more jobs for laborers, and improving their skills, the government leader said. He asked the ministries of construction, natural resources and environment and finance to work together with the confederation in handling issues relating to housing for laborers. The VGCL should coordinate with the ministries of culture, sports and tourism; health; and education and training in building cultural, educational and health care establishments in service of laborers, according to the Prime Minister. Specific coordination plans need to be sketched out within this month, he stressed, and mentioned tasks for ministries, agencies and localities regarding institutions for workers at industrial and processing zones, especially those on housing, incentives for fishermen, insurance … [Read more...] about Prime Minister speaks of major tasks to raise laborers’ material, spiritual life