Sorting Tra fish fillet products at Navico company's factory. (Photo: VNA) Hanoi (VNA) – The import-export revenue of agro-forestry-fisheries products in the first quarter of this year was estimated at 20.63 billion USD, down 11.2% year on year, according to the Ministry of Agriculture and Rural Development (MARD). Of the total, export value reached about 11.19 billion USD, down 14.4%. Imports were 9.44 billion USD, a fall of 7.2% year on year, resulting in a trade surplus of 1.76 billion USD, a drop of 39.6% year on year. An upturn was recorded in the revenue of agricultural products (3.8%), and livestock (46.5%), while a downturn was seen in the export of forestry products (28.3%), and fisheries products (29.0%). The fall was mostly due to the decrease in product price. Products that enjoyed strong growth in exports include rice (30.2%), fruits and vegetable (14.2%), and milk and dairy products (22.2%). In the period, major export markets of Vietnamese … [Read more...] about Q1 trade of agro-forestry-fisheries products exceeds 20 billion USD
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Goods retail sales, service revenue rise almost 14% in Q1
A consumer shops at a supermarket. (Photo: VNA) Hanoi (VNA) – Total retail sales of goods and consumer service revenue increased 13.9% year on year to over 1.5 quadrillion VND (63.9 million USD) in the first quarter of 2023, compared to the 5% growth in the same period of 2022, the General Statistics Office (GSO) reported. Excluding the price factor, the retail sales and service revenue went up 10.3% while that in Q1 last year rose 2%. Compared to Q1 of 2019, before the COVID-19 pandemic broke out, the amount in this year’s first three months increased 26.7%, the GSO noted. Retail sales are estimated at nearly 1.19 quadrillion VND, up 11.4% (8.4% if the price factor is excluded). In particular, sales of grain food and foodstuff grew 14.6%, apparel 12.3%, vehicles (excluding automobiles) 4.5%, and household items and equipment 3.9%. Cultural and educational goods saw a decline of 2.7%. Meanwhile, accommodation and food services generated about 161.1 trillion … [Read more...] about Goods retail sales, service revenue rise almost 14% in Q1
Import tax exemption to benefit domestic ITC industry
At the workshop on policies for import and export of raw materials , supplies, components and information technology products. (Photo: mic.gov.vn) Hanoi (VNS/VNA) - The information and communication technology sector has grown by 6-9% each year and has often exceeded the country’s GDP growth rate in recent years, attendees were told at workshop held by the Ministry of Information and Communications (MIC). MIC held the workshop on policies for the import and export of raw materials, supplies, components and information technology products; and disseminated Circular 25/2022/TT-BTTTT in Hanoi on March 29. The Authority of Information Technology and Communication Industry said Resolution 23-NQ/TW dated March 22, 2018, of the Politburo set out the orientation for the national industrial development towards 2030. The resolution identifies the development of the information technology industry, in which the electronics industry is the main path. It also set a goal to … [Read more...] about Import tax exemption to benefit domestic ITC industry