Viet nams trade surplus

Viglacera’s booth at the Cersaie exhibition in Italy from September 25 to 29. — Photo courtesy of Viglacera As the leading building materials manufacturer in Việt Nam, Viglacera is introducing its made-in-Vietnam products to customers around the world through the Cersaie exhibition in Italy from September 25 to 29. With the theme “Break All Limits”, the Cersaie exhibition officially opened on September 25 in Bologna, Italy. The five-day expo is one of the leading international events for construction materials and design. Viglacera's booth is located at Hall 36, standing alongside many other international brands such as RAK Ceramics and Kale. It features a wide range of outstanding tile products that attract the attention and visits of many customers, businessmen, and experts in all fields of the construction industry from around the world. A representative of Viglacera said that the expo was considered a platform for Viglacera to demonstrate its commitment to pushing … [Read more...] about Viglacera brings made-in-Viet Nam building products to Cersaie Expo 2023 in Italy

A customer buys gasoline at a station of Petrolimex in Hà Nội. — VNA/VNS Photo Việt Nam imported 1.1 million tonnes of petroleum in August, worth US$992 million, according to the General Department of Việt Nam Customs. This represents an increase of 19 per cent in volume and 36.8 per cent in value. For the eight months of the year, the country imported 7.22 million tonnes of petroleum of all types, worth $5.88 billion. Compared to the same period in 2022, it rose 22.2 per cent in volume but was down 5.5 per cent in value. The volume of imported diesel reached almost 4 million tonnes, a rise of 18.5 per cent. It accounted for 55 per cent of the country's total imported fuel. Meanwhile, Việt Nam bought 1.48 million tonnes of gasoline from the international market, up 38.4 per cent year-on-year and accounting for 20 per cent of the total import. As of the end of August, imports from all markets had significantly increased. Specifically, imports from South Korea climbed by … [Read more...] about Việt Nam spent nearly $1 billion on gasoline imports in 8 months

State Bank of Vietnam headquarters in Hà Nội. — VNA/VNS Photo Measures have been taken by the State Bank of Vietnam to reign in the rising US dollars against the VNĐ. According to an SBV report, the exchange rate for the greenback broke the VNĐ24,000 mark on September 11 and reached its highest level at VNĐ24,076 on Monday. On the black market, the USD exchange rate on Monday was trading at around VNĐ 24,320 - 24,400, an increase of about 170 VNĐ compared to the previous week. Commercial banks reported a USD exchange rate of VNĐ24,500-24,600 earlier this month, a 3.3 per cent increase year-to-year compared to the same period last year. The VNĐ is facing significant pressure as the DXY index (a measure of the strength of the US dollar against a basket of six major currencies) has risen for the 10th consecutive week, marking the longest upward trend in recent years. Economists and experts said actions taken by the US Federal Reserve (Fed) including raising … [Read more...] about SBV rolls out measures to reign in raising US-VND exchange rate

Prime Minister Pham Minh Chinh (second from right) attends photo exhibition on President Ho Chi Minh, Vietnam (Photo: VNA) Brasilia (VNA) – Prime Minister Pham Minh Chinh attended a ceremony to open a photo exhibition on President Ho Chi Minh and the Vietnamese land and people and an art programme in Brasilia on September 25 evening (local time) within the framework of his official visit to Brazil. The events, held by the Vietnam ese Ministry of Culture, Sports and Tourism, are the highlights of “Vietnamese Culture Days in Brazil” programme held on the occasion of PM Chinh’s visit. The exhibition showcases nearly 200 photos, documents and sketches of President Ho Chi Minh , who travelled to Brazil in 1912 on his journey to find a way to save the nation. It introduced to the Brazilian people the late Vietnamese leader, a national liberation hero and outstanding cultural celebrity, who devoted his whole life to the cause of national liberation and reunification, … [Read more...] about PM attends photo exhibition on President Ho Chi Minh, Vietnam in Brazil

Harvesting dragon fruits for export in Long An Province. Việt Nam hopes to be allowed official export of dragon fruit to China this year. — VNA/VNS Photo China is the largest export market of Vietnamese fruits and vegetables, accounting for nearly 65 per cent of the total fruit and vegetable export value, according to Đặng Phúc Nguyên, general secretary of the Việt Nam Fruit and Vegetable Association. Besides durian, Việt Nam hopes to be granted official export permission for jackfruit and dragon fruit to this market from now to the end of this year. With increasing quality, Vietnamese fruits are popular among Chinese consumers. The fruit exports are forecast to maintain growth, especially with increasing demand during the holiday season. Last year, Việt Nam signed fruit protocols with China, bringing many advantages to Việt Nam's fruit and vegetable export activities. Phùng Đức Tiến, Deputy Minister of Agriculture and Rural Development, said that Việt Nam would continue … [Read more...] about China is the largest export market of Vietnamese fruits and vegetables

Twelve villas illegally built at the Ocean View Nha Trang project in Khanh Hoa Province, south-central Vietnam are currently undergoing demolition due to exceeding their designated number of floors. Authorities in Nha Trang City, the capital of Khanh Hoa, began dismantling five out of the 12 villas in question earlier this month, using the city’s budget to cover the total cost of over VND9.7 billion (US$397,800), according to Nguyen Cong Danh, chairman of the People’s Committee of Vinh Truong Ward, where the property is located. The Nha Trang administration expects to collect the fees from the villa owners later. Owners who do not pay the fees will see their bank accounts frozen and their land plots unavailable for any transactions. The owners of the remaining seven villas have pulled down their structures themselves. An overview of the Ocean View Nha Trang project in Khanh Hoa Province, south-central Vietnam. Photo: T.B. / Tuoi Tre Construction of Ocean … [Read more...] about Vietnam’s Nha Trang dismantles 12 illegal villas

Some of the biggest telecoms groups know that going digital will help claw back disinterest in more traditional areas Bui Anh Tuan, deputy head of Viettel Telecom’s IT Solution and Digital Service Centre, and his team are preparing to introduce new digital platforms to meet growing demand in the local smart home market. “We are developing new products, platforms, and services for smart homes such as fire alarm services connecting to security units, security services, and maid services, which are expected to come to the market by end-2023, or early 2024,” he told VIR. Smart homes are one of the businesses that Viettel has developed in the past two years in an effort to offset losses from its traditional business lines. One of its products being the Home Camera, an AI smart security camera solution, which is now found in 300,000 households. Meanwhile, its TV360 app boasts around 10 million users. Tuan said that like other mobile network operators, Viettel faced drops in … [Read more...] about Businesses compelled to venture into digital space