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In August alone, the total rainfall in Vietnam's northern region would be 10-20% higher than in previous years. Vietnam could face two tropical depressions or storms in August, according to the National Center for Hydrometeorological Forecasting (NCHMF). NCHMF deputy director Hoang Phuc Lam said the center was monitoring the possibility of weather disturbances that could evolve into tropical depressions or storms in the East Sea over the next five to seven days. Lam noted that under the influence of the tropical depression, the northern part of Vietnam will experience strong winds and rough seas, while heavy rains and strong winds are likely to occur in the coastal areas in the next few days. “Storms and tropical depressions are likely to hit in the northern part of the East Sea this month and increase in frequency in the following months,” the deputy director said. The satellite image of Storm Chaba which hit Vietnam in July 2022. Photo: NCHMF … [Read more...] about Two storms forecast to hit Vietnam this month

A tropical depression in the East Vietnam Sea strengthened into a storm on Tuesday and is expected to bring heavy downpours to northern and north-central provinces over the next few days. Storm Mulan, the second to hit Vietnam this year, was located 480 kilometers southeast of northern Quang Ninh Province at 7:00 am on Wednesday, according to the National Center for Hydro-meteorological Forecasting. The highest wind speed was recorded at 62-88km per hour with gusts up to 117km an hour. The storm is forecast to travel northwest in the next 24 hours and is expected to be 70 kilometers south of Quang Ninh, packing winds of 62-74km per hour. It will continue heading northwest in the next 24-48 hours and weaken into a tropical depression above northern Vietnam. Due to the influence of Storm Mulan, torrential rains of 100-200 millimeters will lash northern localities as well as north-central Thanh Hoa and Nghe An Provinces from Wednesday evening to Friday. Powerful winds are … [Read more...] about Storm Mulan to bring heavy downpours to northern Vietnam

According to the National Center for Hydro-meteorological Forecasting, the center of the low-pressure area lay to the south of Guangdong Province, with maximum wind speed of 50 kph at 1 p.m.. on Thursday. In the next 24 hours, the area will move in the west-northwest direction at the speed of 10-15 kph and enter Guangdong. Under its impact, Hanoi and other northern localities will receive heavy rains in the next three days. The rain volume each day is forecast at 40-80 millimeters and up to more than 100 millimeters in some places. The low-pressure area will also bring rains to the south. On Thursday afternoon and evening coastal areas from the central province of Binh Dinh to the southernmost province of Ca Mau are likely to get heavy rains and strong winds. Ho Chi Minh City and its surrounds will continue to be hit by heavy rains and strong winds for the next few days. Vietnam should expect 10-12 storms and low-pressure areas in the East Sea this year, with around half … [Read more...] about Tropical depression to bring rains to northern Vietnam

The General Department of Vietnam Customs reported that as of mid-July, garment-textile was one of the four sectors posting the highest export revenue, with a record of over 20 billion USD, up nearly 20% year-on-year. Garment-textile was also among the six groups whose export value increased by over 1 billion USD. Vietnamese garment-textile products were shipped to 55 countries and territories worldwide, including 17 markets with a turnover of more than 100 million USD each. The US, Japan, the Republic of Korea and Canada were among major buyers of the Vietnamese products. Earlier, the Vietnam Textile & Apparel Association said textile-garment producers target to earn up to 21 billion USD from exports in the second half of this year, raising total shipments of the year to around 43 billion USD./. VNA … [Read more...] about Garment-textile exports set to hit 45.7 billion USD this year

Singapore remained Vietnam’s largest investor among ASEAN countries with 2,959 valid projects worth $70 billion, accounting for 16.3% of the country’s total FDI commitments. Vietnam expects to push for a stronger strategic partnership with Singapore and look for the latter’s experience in building an independent economy with active integration into the global economy. Prime Minister Pham Minh Chinh and Singapore's Ambassador to Vietnam Jaya Ratnam. Source: VGP Prime Minister Pham Minh Chinh gave the remarks during a meeting with Singapore’s Ambassador to Vietnam Jaya Ratnam and CEO of Temasek fund Ng Boon Heong on August 2. At the meeting, Prime Minister Chinh expressed his delight at the strong Vietnam-Singapore strategic partnership in various fields, especially economy-trade-investment, amid growing global uncertainties. In 2021, bilateral trade hit $8.3 billion, up 23% year-on-year, and the turnover was estimated at $4.75 billion during the first six … [Read more...] about Vietnam seeks Singapore’s experience for sustainable growth

Vietnam’s rice remains favorite in the international market despite fierce competition. Vietnam exported nearly 4.2 million tons of rice during the first seven months of 2022, representing an increase of over 20% year-on-year, according to the Ministry of Agricultural and Rural Development (MARD). Rice production for exports at Loc Troi Company . Photo: Nguyen Binh “Despite fierce competition, Vietnamese rice products continue to be among the favorites in the international market,” stated the ministry in a report. During the January-July period, Vietnam exported 4.19 million tons of rice for over US$2 billion, an increase of 20.5% year-on-year in volume and 9% in value. Among Vietnam’s major markets, the US recorded the highest growth with an increase of 65.3% in rice imports during the first half, followed by the Philippines with 48.6%. The Philippines remained Vietnam’s largest rice buyer and made up 44.5% of total exports. Rice demands from African … [Read more...] about Vietnam’s rice exports hit a record high

MDF production line at Thanh Thanh Dat MDF JSC's factory in Ha Tinh province. (Photo: VNA) Hanoi (VNS/VNA) - While many products exported to the UK enjoyed strong increases thanks to the UK-Vietnam Free Trade Agreement ( UKVFTA ), Vietnam’s timber industry is facing difficulties in expanding in this market, requiring manufacturers and exporters to change their business strategies. In fact, Vietnam’s wood industry is seeing declining sales overseas. The export value in July was estimated at 1.41 billion USD, down 5.5% against June and 1.6% year-on-year, according to a report of the General Department of Forestry under the Ministry of Agriculture and Rural Development (MARD). This was the second month that the export of wood and timber products decelerated. Earlier, figures from the General Department of Customs showed the export turnover of wood and wood products reached 1.4 billion USD in June, down nearly 11% year-on-year. Ending July, wood and wood products were … [Read more...] about Vietnam’s timber industry urged to seek new opportunities in UK

SINGAPORE/MUMBAI -- Adverse weather across top rice suppliers in Asia, including the biggest exporter India, is threatening to reduce the output of the world's most important food staple and stoke food inflation that is already near record highs. Rice has bucked the trend of rising food prices amid bumper crops and large inventories at exporters over the past two years, even as COVID-19, supply disruptions and more recently the Russia-Ukraine conflict made other grains costlier. But inclement weather in exporting countries in Asia, which accounts for about 90% of the world's rice output, is likely to change the price trajectory, traders and analysts said. "There is an upside potential for rice prices with the possibility of production downgrades in key exporting countries," said Phin Ziebell, agribusiness economist at National Australia Bank. "An increase in rice prices would add to already major challenges for food affordability in parts of the developing world," Ziebell told … [Read more...] about Analysis: Global rice supplies at risk as harsh weather hits top exporters

Alongside its picturesque scenery, Hon Son Island in the Mekong Delta's Kien Giang Province, serves up some of the region's most mouthwatering delicacies, including fresh fish salad. Ca goi , also known as ca gioi , is a fish that measures approximately the size of a finger with a sharp, swordlike snout. It lives near the coast and, is therefore, relatively easy to catch. A batch of freshly caught 'ca goi'. Photo: C.Cong / Tuoi Tre It is typically prepared as part of a salad alongside vegetables, rice paper, vermicelli, and grated coconut. Nguyen Van Hung, a resident of Hon Son Island with nearly 20 years of fishing experience, shared that ca goi can be caught all year in the early mornings when there is a slight breeze. Hung typically sells the ca goi he catches for VND60,000 to 70,000 (US$2.56-3) per kilogram. A fisherman catches bucketfuls of 'ca goi' near Hon Son Island, Kien Giang Province, Vietnam’s Mekong Delta. Photo: C.Cong / Tuoi … [Read more...] about Grab a bite of this mouthwatering fish salad on Hon Son Island in Vietnam’s Mekong Delta

Local companies could further improve their utilization rate of the trade agreement to gain a larger share of the EU market. The EU-Vietnam Free Trade Agreement has been a driving force for Vietnam’s exports as local firms are now taking good advantage of the trade deal. Processing catfish for export at Cantho. Photo: Hung Thap Deputy Director of the Import-Export Department under the Ministry of Industry and Trade (MoIT) Tran Thanh Hai gave the assessment at a conference on the EVFTA on August 8. In 2021, bilateral trade turnover between Vietnam and the EU rose by 14.5% year-on-year to US$57.01 billion, in which Vietnam exported goods and products worth $40.1 billion, or an increase of 14.2%; and imported $16.9 billion. “This helped the country maintain a trade surplus of over $23.2 billion last year,” Hai said. According to Hai, since the launch of the EVFTA on August 1, 2020, Vietnam’s exports to the EU rose by 15% to $83 billion. Over the past two … [Read more...] about EVFTA drives Vietnam’s exports forward