Italy rice production

Vietnam’s agricultural, forestry, and fishery exports in the first half of this year reached nearly US$28 billion, a remarkable rise from a year earlier, with the U.S. being the biggest importer, according to the Ministry of Agriculture and Rural Development. In a recent report, the ministry said the total export value of the three categories amounted to about $27.88 billion in the year to June, registering a 13.9 percent increase from the same period last year, with the U.S. topping the list of major purchasers, followed by China and Japan. In bringing into play this encouraging export recovery from the COVID-19 pandemic, the agency has set a goal to earn a total export turnover of $55 billion for the whole 2022, translating to a $5 billion excess over the year’s target set by the government. The export value of this year’s first half included some $11.37 billion from agricultural commodities (up 8.8 percent year on year), $9.1 billion from forest products (up three percent), … [Read more...] about Vietnam’s 6-month agro-forestry-fishery exports up 13.9% year on year, US largest importer

Nam Hai Port in the northeastern city Hai Phong. — VNA/VNS Photo An Dang The Vietnamese economy expanded at 7.72 per cent in the second quarter of this year, the highest rate in the same quarters in the last 10 years, the General Statistics Office (GSO) reported at a press conference on Wednesday. The figures for the same quarters in the last three years of 2019, 2020 and 2021 were 7.1 per cent, 0.52 per cent and 6.73 per cent, respectively. In Q2 this year, the agriculture-forestry-fishery sector increased 3.02 per cent, contributing 4.56 per cent to the overall growth of the economy. The industry and construction sector was up 8.87 per cent, making up 46.85 per cent, while the service sector rose by 8.56 per cent, contributing 48.59 per cent to the general GDP growth, Huong said. Regarding GDP use, final consumption expenditure increased by 7.32 per cent over the same period last year; accumulated assets rose by 4.57 per cent; exports of goods and services surged 12.33 … [Read more...] about Viet Nam’s GDP hits 10-year high of 7.72% in Q2

Roads, airports, and seaports are being looked at by overseas companies in terms of investment feasibility, Photo: Shutterstock On June 16, Hoang Gia Khanh, deputy general director of state-owned railway giant Vietnam Railways (VNR), received a delegation of Austrian businesses at its headquarters who introduced new products and technology solutions aiming to seek opportunities in the local industry. The commercial counsellor of the Austrian Embassy in Hanoi said that businesses expect to intensify cooperation with VNR, specifically those in funding and upgrading projects, as well as machinery upgrading and maintenance. He added that besides official development assistance, the Austrian government also has other financial tools that can help VNR access financial resources and technologies. According to Khanh, investment demand for the industry’s infrastructure development is huge and he highly appreciates the products and technology of groups like Plasser & Theurer and … [Read more...] about Reopening increases foreign interest in transport upgrade

Although the summer holiday has just started, travel firms and agents have already completed 60-70 percent of their business plan while air carriers have also increased their flights to meet high travel demand. However, travel firms and agents are facing new difficulties: increasing tour prices because of rising fuel prices and a shortage of human resources. Millions of tourists ready for their trips Tran Quoc Bao, deputy director of Saigontourist Travel Company, said the company has expected to serve more than 280,000 tourists this summer. The number of tourists will be higher as tourist demand at home and abroad is surging. Three-to-eight-day domestic tours offered by Saigontourist are available nationwide. The most popular ones are tours of beaches, tours of northeastern and northwestern regions, 'green' tours, and community tours. “As summer is the peak season, we have prepared financial and human resources to diversify and better our services to meet market … [Read more...] about Vietnam’s travel firms see explosion of summer tours