Top exporting countries of rice

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

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

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

Lao Prime Minister wraps up Vietnam visit Lao Prime Minister Phankham Viphavanh and his entourage left Hanoi on January 10, concluding their three-day visit to Vietnam at the invitation of his Vietnamese counterpart Pham Minh Chinh. During the visit, the two PMs held talks, attended signing ceremonies for cooperation agreements, launched the Year of Vietnam – Laos Solidarity and Friendship, co-chaired the 44th meeting of the Vietnam – Laos Inter-Governmental Committee on Bilateral Cooperation, and met businesses from the two countries. Viphavanh paid a courtesy call to Party General Secretary Nguyen Phu Trong as well as met President Nguyen Xuan Phuc and National Assembly Chairman Vuong Dinh Hue. He paid floral tribute to President Ho Chi Minh at his mausoleum and laid a wreath at a monument to war heroes and martyrs on Bac Son street, Hanoi. President Nguyen Xuan Phuc hosted a reception for Lao Minister of Public Security Gen. Vilay Lakhamphong. Lao Deputy PM and Minister … [Read more...] about VIETNAM NEWS HEADLINES JANUARY 11

HCM City now becomes COVID safe zone Ho Chi Minh City, the epicenter of the recent COVID-19 outbreak, has lowered its COVID-19 alert level to green – the lowest in the four alert level system adopted by the Ministry of Health. According to a decision, signed on January 8 by Duong Anh Duc, vice chairman of the municipal administration, 18 local districts have now turned green on the municipal COVID-19 map, while District 1, 10 and Binh Thanh and Thu Duc city remain in Level 2. Currently the city has recorded no more than 500 infections daily compared to 14,000 – 15,000 cases during the height of the outbreak in August – September 2021. The daily number of deaths has also dropped significantly from more than 300 in August 2021 to approximately 20 at present. Vietnam sees decline in number of guest workers The number of Vietnamese people going to work abroad decreased over the last two years as a result of the COVID-19 pandemic, according to the Department of Overseas … [Read more...] about VIETNAM NEWS HEADLINES JANUARY 10