Beijing sunshine intl trade show promotion

Vietnam exported 656 million USD worth of goods to the neighboring country in 2022, up over 10%, mainly oil and gas, fertilizers, steel, machinery and accessories, and means of transport. Meanwhile, Vietnam’s imports were valued at over one billion USD, a year-on-year rise of 35%, with main items including wood and wood products, fertilizers, rubber and corn. In December alone, the two-way trade stood at 211 million USD, up 60% from the previous year. According to the Vietnam Trade Office in Laos , the two countries’ industry and trade sectors coordinated in organizing a range of trade promotion activities during the year, contributing to the rise of bilateral trade./. VNA … [Read more...] about Vietnam-Laos trade records impressive growth in 2022

Vietnam exported $656 million worth of goods to the neighboring country in 2022, up over 10%, mainly oil and gas, fertilizers, steel, machinery and accessories, and means of transport. Meanwhile, Vietnam’s imports were valued at over $1 billion, a year-on-year rise of 35%, with main items including wood and wood products, fertilizers, rubber and corn. In December alone, the two-way trade stood at $211 million, up 60% from the previous year. According to the Vietnam Trade Office in Laos, the two countries’ industry and trade sectors coordinated in organizing a range of trade promotion activities during the year, contributing to the rise of bilateral trade. … [Read more...] about Vietnam-Laos trade increases 24% in 2022

Many business exchange activities have been organised to effectively support local firms in exporting their products to foreign markets. — Photo courtesy of MoIT The Trade Promotion Agency under the Ministry of Industry and Trade (MoIT) will collaborate with relevant agencies in carrying out measures to help enterprises expand their shares in foreign markets, said Vu Ba Phu, head of the agency. Localities will get support relating to trade promotion activities in key markets, the official told Sai Gon Giai Phong (Liberated Saigon) newspaper. Support programmes will be devised, aiming to improve the capacity for enterprises to meet the trend of green trade, he said, adding the MoIT will also facilitate the connection between businesses and localities. Attention will be paid to enhancing the effectiveness of the National Brand Programme, thus helping enterprises’ products go deeper into global supply chains. According to the MoIT, the total import-export turnover of Viet Nam … [Read more...] about Trade ministry to support enterprises in boosting exports

Greener trade and investment is crucial to tackling climate change in Asia and the Pacific and will require governments in the region to work together more closely, according to a new report by the Asian Development Bank (ADB). While trade and investment have fueled remarkable economic growth in Asia in recent decades, it has also led to large increases in carbon dioxide emissions in the region—which is more vulnerable to the effects of climate change than any other. Reversing this trend will require measures such as promoting trade in environmental goods and services, nurturing green businesses, developing carbon pricing mechanisms, and strengthening regional cooperation through trade and investment agreements, according to the Asian Economic Integration Report (AEIR) 2023, released by ADB today. “Asia and the Pacific’s remarkable growth has lifted millions of people out of poverty, but this has come at an environmental cost,” said ADB Chief Economist Albert Park. “The region now … [Read more...] about Sustainable trade and investment key to Asia and Pacific’s green future

Dragon fruit grown in Long An Province. VNA/VNS Photo Red-fleshed dragon fruit is being sold at around VND38,000 per kg and white-fleshed dragon fruit VND25,000 per kg, triple the price from the same period last year, after China eased trade restrictions related to COVID-19. At farms in Cho Gao District in Tien Giang Province, the price of red-fleshed dragon fruit is VND38,000 per kg (for type 1 – the best quality); VND28,000-32,000 (for type 2); and VND23,000-25,000 (for type 3). In Binh Thuan Province, the price of white-fleshed dragon fruit is between VND18,000-25,000 per kg, also triple from the same period last year. A leader of the Thuan Tien Cooperative in Binh Thuan Province’s Ham Thuan Bac District said China is Viet Nam’s main export market, accounting for 90 per cent of dragon fruit exports, so when it resumed border trading, it helped increase prices. Since January, Chinese customs has no longer required goods to be tested for COVID-19 at border gates with Viet … [Read more...] about Dragon fruit prices triple after China resumed border trading

At a meeting with Saintes Mayor Bruno Drapron, the city's department of commerce and trade, representatives from Nouvelle-Aquitaine region and the local farmers’ association, Ambassador Dinh Toan Thang highlighted cooperation potentials between the two countries’ localities in various fields such as agriculture, sustainable tourism development, railway, seaport and technical infrastructure. For his part, the mayor said that the city will study how to transfer skills and technology to Vietnamese partners and acquire experiences and technique from the Vietnamese side, as well as work together with the Vietnamese side to strengthen cooperation between the localities of the two countries in the time ahead. During his trip, the ambassador visited Chadignac vocational school which has cooperated with Vietnam’s Thang Long Gifted School in Da Lat (the Central Highlands province of Lam Dong) in French language teaching, the first step towards bigger projects. The ambassador and his … [Read more...] about Ambassador promotes cooperation between France’s Saintes and Vietnamese localities

Hanoi aims to maintain macroeconomic stability and control inflation while promoting new growth drivers and enhancing its economic resilience. Hanoi has set a target of 7% year-on-year gross regional domestic product (GRDP) growth by 2023 as part of its action plan for socio-economic development this year. Production at Sunhouse Group in Ngoc Liep Industrial Park, Quoc Oai District. Photo: Thanh Hai This plan includes 22 objectives, such as a GRDP per capita of VND150 million (US$6,400), export growth of 6%, an inflation rate below 4.5%, and a 30% reduction in poverty. The global situation is expected to remain challenging in 2023, and Hanoi aims to maintain macroeconomic stability and control inflation while promoting new growth drivers and enhancing its economic resilience. The plan also emphasized the development of cultural and education fields, disease control, and improving people’s material and spiritual well-being, as well as promoting digital … [Read more...] about Hanoi eyes 7% GRDP growth in 2023

Illustrative image. (Photo: VNA) Bac Lieu (VNA) – The southern coastal province of Bac Lieu aims to raise shrimp export revenue to 1 billion USD this year, against last year's 853 million USD. high-tech farming and create favourable condition for enterprises and households to boost their production towards sustainable development. production . Phan Van Sau, director of the provincial Industry and Trade Department, said a lot of local aquatic processing factories have been upgraded to increase their capacity. To turn Bac Lieu into a shrimp farming centre, the locality is actively supporting businesses in renovating technology to diversify processed products and updating information on market demand and technical barriers. Trade promotion will be strengthened along with training courses  for farmers. VNA … [Read more...] about Bac Lieu eyes 1 billion USD in shrimp exports

Workers of Viet Nam Electricity check the transmission system. The bracket of average electricity retail prices has been increased to VND1,826.22 per kWh for the floor price and 2,444.09 for the ceiling price. — VNA/VNS Photo Huy Hung The bracket of average electricity retail prices has been increased to VND1,826.22 per kWh for the floor price and 2,444.09 for the ceiling price, according to the Prime Minister’s Decision No 02/2023/QD-TTg dated on February 3. Compared to the previous bracket, which has been applied since 2017, the floor price increased by VND220 and the ceiling price by VND538 per kWh. The adjustment of the bracket would not immediately impact prices. The bracket and the inspection results of the electricity production and business costs in 2022 would be the base for the Ministry of Industry to decide on the average electricity retail price for this year. The Ministry of Industry and Trade recently urged Viet Nam Electricity (EVN) to urgently complete the … [Read more...] about Average electricity retail price bracket increases

Vo Tri Thanh *Vo Tri Thanh Viet Nam achieved and exceeded 14 out of 15 targets assigned by the National Assembly for 2022 with many impressive numbers including GDP growth, export turnover and the number of newly-established and re-opened businesses. Only labour productivity was under expectations. Viet Nam’s labour productivity was expected to increase by between 4.7 per cent and 5.2 per cent on average in 2022, higher than the average growth rate of 4.7 per cent in 2021 but behind the target of 5.6 per cent set for the whole of 2022. On January 10 this year, the Government issued Resolution No 06/NQ-CP on the development of a modern, efficient, sustainable and integrated labour market serving quick socio-economic recovery, setting the average labour productivity target for 2023 at more than 6.5 per cent. Labour productivity is an important economic indicator that is closely linked to economic growth, competitiveness and living standards within an economy. According to … [Read more...] about Viet Nam wrestles with labour productivity issue when heading to innovation-based development