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At the Government's regular press conference (Photo: VNA) Hanoi, (VNA) – The Ministry of Industry and Trade plans to set a target of 6% growth in export value this year, considering unpredictable factors that can affect import-export, according to Deputy Minister Do Thang Hai. Speaking at the regular Government press conference for January on February 2, the deputy minister said export revenues reached 371.3 billion USD in 2022, up 10.5% from the previous year. Thus, with the projected growth rate of 6%, total export value this year would be around 393-394 billion USD. According to Hai, falling world demand is a big challenge for Vietnam’s exports in 2023. He said Vietnam’s export growth will depend on such factors as the Russia-Ukraine conflict and inflation in big import markets. Besides, tax cuts in line with roadmaps set by free trade agreements and strong investment inflows are favourable factors for export, he said./. VNA … [Read more...] about Export target set at 393-394 billion USD in 2023: Ministry

A petrol station in HCM City. The Ministry of Industry and Trade has proposed that fuel prices be adjusted weekly on Thursday. — VNA/VNS Photo Prime Minister Pham Minh Chinh 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 Viet Nam'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 … [Read more...] about MoIT propose adjusting fuel prices every Thursday

While striking an optimistic tone on sales of services and iPhones, CEO Tim Cook said an uncertain economy is expected to hurt categories like gaming and digital advertising. Overall, Apple's leaders tried to reassure investors that despite the firm being buffeted by up-and-down sales cycles for its flagship device and vulnerable to supply chain shocks, the world's largest listed company remains on a steady - if somewhat slower - rise. And in the immediate aftermath of some of the company's worst financial results in years, at least some investors seemed to give Cook the benefit of the doubt, imposing only modest share price declines. For the just-ended quarter, Apple's profits missed Wall Street expectations for the first time since 2016, dragged down by iPhone sales falling for the first time since 2020. The stock was down about 2% after Chief Financial Officer Luca Maestri said that iPhone sales were likely to improve compared with the quarter ended Dec. 31. That did not quite … [Read more...] about Apple forecasts another drop in revenue, proclaims iPhone production problems over

And while Amazon's holiday revenue beat Wall Street's expectations, the company believes sales growth in its long-lucrative cloud business will slow for the next few quarters, its chief financial officer told reporters. Shares fell 5% in after-hours trade, erasing most of their 7% gain before the market's close Thursday. Making a rare appearance on Amazon's quarterly call with financial analysts, Chief Executive Andy Jassy said "virtually every enterprise" was treading carefully on cloud and other costs in light of economic uncertainty. "We're going to help our customers find a way to spend less money," he said. "We're trying to build a set of relationships in business that outlasts all of us." Facing high inflation and recession fears, Jassy has embarked on extensive cost-cutting inside Amazon as well. Last month, the online retailer said more than 18,000 employees particularly in its commerce and human resources divisions would lose their jobs. It booked a $640 million … [Read more...] about Amazon’s outlook disappoints as customer budgets stay tight

Last year, Vietnam’s export revenue of agro-fishery-forestry products set a record high of 53.22 billion USD, up 9.3% year-on-year. However, Europe accounted for only 11.3% of its market share. This is a modest number, although the agricultural sector has optimized many advantages of the E.U. - Vietnam Free Trade Agreement (EVFTA). One of the main reasons is said to be the union’s high requirements on farm imports, while Vietnam’s agricultural production has yet to meet green growth requirements. According to the World Bank’s report, agriculture is the second highest emitter, accounting for 19% of the nation’s total gas emissions in 2020. About 48% of the sector’s emissions and more than 75% of methane emissions are from rice production. Therefore, to boost farm exports to the E.U., the sector is advised to pay more attention to green growth indicators through making policies and roadmaps to reduce greenhouse gas and methane emissions in accordance with international … [Read more...] about Vietnam develops green agriculture to increase exports to E.U.

Pineapple processing at Dong Giao Foodstuff Export JSC in the northern province of Ninh Binh. Agriculture plays a pivotal role in the economies of Viet Nam and the Netherlands and is deeply imprinted in the culture and people of the two countries. — VNA/VNS Photo Thuy Dung Due to their similar geographical features and advantages, the Viet Nam and the Netherlands have increased their sustainable development partnership in agriculture, water management, and climate change adaptation, said Ambassador of the Netherlands to Viet Nam Kees van Baar. Agriculture plays a pivotal role in the economies of Viet Nam and the Netherlands and is deeply imprinted in the culture and people of the two countries, the diplomat told Dau tu (Vietnam Investment Review). Close co-operation between the two sides has resulted in new visions and the blooming of business cooperation, with a growing number of the Netherlands' companies doing business and investing in Viet Nam. The Netherlands is the … [Read more...] about Viet Nam, Netherlands eye further cooperation in sustainable development