Export turnover

Assuming Vietnam keeps the current pace of trading growth, the turnover could set a new record and exceed the $700-billion mark in 2022. The Ministry of Industry and Trade (MoIT) expected the country’s exports to expand by 6-8% in 2022 and a positive trade balance to ensure the GDP growth stays in the range of 6-6.5%. Cargos handling for export at Dinh Vu port, Haiphong. Photo: Pham Hung Statistics from the General Department of Vietnam Customs (GDVC) revealed the country’s trade turnover in 2021 reached US$668.55 billion, representing a staggering increase of over $100 billion from a record $545 billion in 2020. Upon breaking down, the country’s exports were estimated at over $336.3 billion, rising 19% year-on-year, and imports of $332.2 billion, going up by 26.5%. This resulted in a trade surplus of more than $4 billion for 2021, marking Vietnam’s sixth consecutive year of trade surplus. With trading activities being seen as a key growth driver for … [Read more...] about Trade ministry targets 6-8% export growth in 2022

Exports in November alone reaching 4.2 billion is a sign of the agro-forestry-fishery recovery after the lockdown, representing a year-on-year increase of nearly 9 per cent. Such positive results mean the annual target 44 billion USD for 2021 is feasible. agricultural products were estimated at over 19 billion USD, rising nearly 14 per cent compared to the previous year. export market with a value of nearly 12 billion USD. China comes second with 8.4 billion USD, followed by Japan with 3 billion USD. consumption of agricultural products, helping the sector fulfil or even surpass its set target for the year./. VNA … [Read more...] about Agro-forestry-fishery exports reach new high amid pandemic

At the handover ceremony (Photo: qdnd.vn) HCM City (VNA) – Ho Chi Minh City on January 17 received 10,000 blood pressure monitors worth 8 billion VND (352,035 USD) donated by the Indochina Development Export Import Company Limited in aid of the local health sector's care for the elderly as well as COVID-19 prevention and control. At the handover ceremony, Vice President of the municipal Vietnam Fatherland Front (VFF) Committee Pham Minh Tuan expressed his gratitude toward the assistance, which he considered meaningful and practical. The official pledged to work with the city’s association of the elderly to quickly distribute the machines to people in need. According to the committee, since the beginning of 2022, the city has received more than 772 million VND worth of donation s from organisations, businesses, and individuals serving its responses to the pandemic. Earlier, the HCM City Department of Labour, Invalids and Social Affairs has submitted a proposal on … [Read more...] about Company assists HCM City’s care of the elderly

Thuong expressed his belief that on the back of the past achievements and high determination, Quang Ngai will score more achievements in the time to come. Secretary of the provincial Party Committee Bui Thi Quynh Van said despite COVID-19 pandemic and natural disasters last year, the province’s gross domestic product still grew by 6.05 percent, industrial production index up 10 percent and exports up 19.3 percent. The province also pooled all possible resources to help the poor, workers and employers hit by the pandemic. In the afternoon, Thuong attended a New Year program with nearly 100 workers at Vietnam – Singapore Industrial Park Quang Ngai. On the occasion, he and leaders of the Vietnam General Confederation of Labor presented 200 gifts to disadvantaged workers. Earlier, the official visited former leaders and ex-revolutionaries, war heroes, policy beneficiary and poor households in the province. Source: VNA … [Read more...] about Party official pays pre-Tet visit to Quang Ngai

Illustrative image (Source: nongnghiep.vn) Hanoi (VNA) – Ecological agriculture, modern rural areas and smart farmers are expected to be the three key factors helping agriculture secure its role as a firm pillar of the economy in 2022 and following years. Despite COVID-19 impacts that caused the crackdown of the global supply chains in 2021, the agricultural sector still made a miracle with a trade surplus and a record export revenue at 48.6 billion USD, exceeding the target of 42 billion USD set by the Government for the year. Last year, total food grain production hit nearly 44 million tonnes, meeting the demand of the 100-million-strong domestic market and for export, proving the sector's position as a prop of the economy even during unprecedented difficult situations. During the fourth wave of the pandemic that hit Vietnam since last April, amid numerous difficulties in all 63 localities nationwide due to prolonged social distancing measures which led to disruption … [Read more...] about Agricultural sector continues to be economy’s pillar

Mobile phones, electronic spare parts are among Vietnam's exports to India (Photo: VNA) Hanoi (VNA) – Two-way trade between Vietnam and India has grown annually by an average of over 20 percent, higher than trade growth between Vietnam and other nations, since the establishment of bilateral diplomatic ties in 1972, bilateral strategic partnership in 2007 and comprehensive strategic partnership in 2016. two-way trade is likely to surpass 15 billion USD next year. In particular, National Assembly Chairman Vuong Dinh Hue’s ongoing visit to India will mark an important milestone in bilateral relationship in new normal. In ten months of this year, the figure reached approximately 11 billion USD, up 37.7 percent year-on-year. Vietnam is the second largest supplier of natural rubber to India (Photo: tapchicongthuong.vn) VNA … [Read more...] about New milestones in Vietnam – India trade

Cold weather in northern Vietnam to last for 10 more days The northern region will be hit by a cold snap on January 17 and another on January 20, said the national weather forecasting centre on January 11. The subsequent cold spell will cause temperatures to fall to a low of 13 degrees Celsius in the plain and below 10 degrees Celsius in the mountainous area. The cold air fronts to be accompanied by low trenches in the upper westerly wind zone will bring rain to parts of the northern region, with common rainfall climbing as high as 30-60mm or even higher in some places. The current cold spell that hit the northern region early on January 11 are causing temperatures to plummet to 10 – 13 degrees in the mountainous localities and 13 – 16 degrees in the plain. Hanoi remains cold on January 11-12, with common temperatures ranging from 11 to 13 degrees. PM urges faster COVID-19 vaccination, stronger anti-pandemic measures Prime Minister Pham Minh Chinh demanded COVID-19 … [Read more...] about VIETNAM NEWS HEADLINES JANUARY 12