South china sea

Vietnamese lychees are sold at an AEON supermarket in Japan which is a major trade partner of Vietnam in Asia. (Photo: VNA) Hanoi (VNA) – Vietnam’s merchandise trade with Asia reached 475.29 billion USD in 2022, increasing by 9.6% compared to 2021 and accounting for the highest proportion (65.1%) in the country's total import-export value. Accordingly, Vietnam’s exports to other Asian countries reached 177.26 billion USD in 2022, up 9.5% year-on-year. The country’s imports from other Asian nations hit 298.03 billion USD, up 9.6%. Vietnam saw a trade deficit with only Asia among the five continents. Major trade partners of Vietnam in Asia include China, the Republic of Korea, Japan, and the Association of Southeast Asian Nations (ASEAN). According to preliminary statistics of the General Department of Customs, Vietnam's total import-export value of goods reached 730.2 billion USD last year, up 9.1% compared to 2021. The value of imports and exports between … [Read more...] about Vietnam-Asia trade reaches nearly 475.3 billion USD in 2022

More than 80% of rice varieties in Vietnam are fragrant high-quality rice, which is an important factor that helps increase Vietnamese rice's value and accessibility to markets.(Photo: VNA) Hanoi (VNA) – Vietnam’s rice export is forecast to continue reaping successes this year as the world's rice prices remain high at least in the short term as global economic and political uncertainties have resulted in a high demand for rice reserves, according to experts. According to the Vietnam Food Association, by the middle of last month, Vietnam earned nearly 115 million USD from exporting more than 226,000 tonnes of rice, an increase of over 41% in terms of both volume and value compared to the same period last year. The country exported ST24 and ST25 rice to the Middle East region with a record-high price of 1,000 USD per tonne, doubling the price of normal white rice. Vietnamese rice further penetrated demanding markets like Japan and the EU. According to experts, more than 80% … [Read more...] about Vietnam’s rice export forecast to enjoy another successful year

-What do you think about local garment firms’ inability to dominate the domestic market of 100 million people here in Vietnam? - Vietnamese textile and garment enterprises are still [only beginning to] tap the domestic market. Last year, the domestic market increased by 40% against 2021. Local enterprises performed very well in the first half of last year and began to face difficulties in the third quarter. In the fourth quarter, many good Vietnamese brands like Viet Tien saw sales decrease. In late 2022, the Vinatex Fashion Center retail outlet in Hanoi made revenues of only VND500-600 million ($21,200-25,400) a day, compared with daily revenues of over VND1 billion in previous years. Over the past two years, many domestic fashion brands have reduced their number of stores and limited new openings. They have had to focus on certain locations to reduce costs, optimize operations and try to offer products that are most suitable to consumers’ incomes.In fact, domestic … [Read more...] about Garment firms should tap niche markets: Vinatex chairman

A meeting in Hong Kong (China) from January 6 - February 7, 1930 discusses the establishment of the CPV. (Photo: VNA) Moscow (VNA) – Vice Chairman of the Committee for External Relations of Russia’s Saint Petersburg city Vyacheslav Kalganov has stated that the role of the Communist Party of Vietnam (CPV) is now more significant than ever. In an interview recently granted to Vietnam News Agency on the occasion of the CPV’s 93rd founding anniversary (February 3), Kalganov highlighted Vietnam's achievements under the leadership of the CPV over the past 93 years, stressing that the main purpose of the Party is the well-being and sovereignty of the people. Kalganov also stated that it is important for a party in power to be close to the people and to avoid alienation and bureaucracy.  According to him, purifying the party is of great significance. Col. Aleksey Skreblyukov, former Soviet military expert in Vietnam and Chairman of the Vietnam War Veterans' Association in … [Read more...] about Russian experts highlight CPV’s role

Ninh Binh Province in northern Vietnam ranked seventh on a list of the 10 most welcoming destinations in the world published recently by Dutch-based online travel agency Booking.com. The ranking was based on an analysis of more than 240 million verified customer reviews on the website. Around 90 kilometers south of Hanoi, Ninh Binh Province is famous for a high density of natural and cultural attractions, including Cuc Phuong National Park, Van Long wetland nature reserve, grotto caves and rivers in Trang An, Tam Coc-Bich Dong and Mua Caves, historic monuments in the Hoa Lu ancient capital, Bai Dinh Temple -- Vietnam’s largest buddhist worshiping complex -- and the Phat Diem Cathedral. The northern Vietnamese province started shining on the global stage after the Hollywood movie ‘Kong: Skull Island’ was filmed there in 2016. It welcomed nearly 330,000 visitors, including over 29,500 foreigners, during the recent seven-day Lunar New Year holiday. La Rioja in Spain topped … [Read more...] about Vietnam’s Ninh Binh world’s 7th most welcoming destination: Booking.com

A Chinese spy balloon has been flying over the United States for a couple of days, U.S. officials said on Thursday, in what would be a brazen act just days ahead of a planned trip to Beijing by U.S. Secretary of State Antony Blinken. Fighter jets were mobilized, but military leaders advised President Joe Biden against shooting the balloon out of the sky for fear debris could pose a safety threat, advice Biden accepted, U.S. officials said. The United States took "custody" of the balloon when it entered U.S. airspace and had observed it with piloted U.S. military aircraft, one of the officials told reporters on condition of anonymity. Separately, Canada's defense ministry said a "high-altitude surveillance balloon" was detected and that it was monitoring a "potential second incident", without giving further details, adding that it was in frequent contact with the United States. The news initially broke as CIA Director William Burns was speaking at an event at Washington’s … [Read more...] about Chinese spy balloon flies over the United States, Pentagon says

A petrol station in HCM City (Photo: VNA) Hanoi (VNS/VNA) - Prime Minister Pham Minh Chinh has asked the Ministry of Industry and Trade (MoIT) to take measures to ensure the supply of all key commodities, especially fuel, and to stabilise the country's distribution channels for the economy after the Tet (Lunar New Year) holiday. Vietnam Electricity (EVN) was told to speed up the construction and implementation of major power projects, including renewable energy, to ensure enough power for the country's crucial industries. In addition, priority should be given to connecting isolated and remote communes to the national power and telecommunication networks. MoIT, the ministry in charge of Vietnam's power sector, was told to quickly finish and submit the country's Power Planning VIII to the central government for review. The PM said the country's top priority in the short term is to focus on boosting exports, especially agriculture products to China and neighbouring … [Read more...] about MoIT proposes adjusting fuel prices every Thursday

UK Minister of International Trade Greg Hands visited Vietnam on Wednesday to explore trade cooperation opportunities between the two countries. His visit came amidst the UK’s pursuit of full membership in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in 2023. Vietnam is the first stop on the minister’s three-day trip to three Southeast Asian countries, all of which are founding members of the partnership. During an exclusive interview with Tuoi Tre News , Hands emphasized what the UK can offer the CPTPP, as well as discussed the UK’s strong strategic partnership with Vietnam. In a speech at Lancaster House on January 23, UK Trade Secretary Kemi Badenoch outlined five priorities for trade. What are your priorities as the Minister of State for Trade Policy? My personal priorities are, first, to get the UK into the CPTPP. Vietnam will play a crucial role in that progress. My second priority is to do a free trade agreement with India this … [Read more...] about UK joining CPTPP a fundamental change to the bloc: minister