Vietnam export import commercial joint stock bank

Illustrative photo (Source: VNA) Hanoi (VNA) – Vietnam posted 27.88 billion USD worth of agro-forestry-fishery exports in the first half of this year, an annual increase of 13.9%. According to the Ministry of Agriculture and Rural Development, of the total value, the groups of key farm produce and forestry products contributed 11.37 billion USD and 9.1 billion USD, both growing by 8.8% and 3% year-on-year, respectively. Fishery products shipped overseas during the six months, meanwhile, reeled in 5.8 billion USD, up 40.8% annually. There were nine type of goods recorded an export revenue exceeding 1 billon USD in the period, namely coffee, rubber, cashew, vegetable-fruit, rice, Tra fish, shrimp, woodwork products, and inputs for production. The ministry said the US and China were the biggest importers of Vietnamese agro-forestry-fishery goods for spending more than 7.61 billion USD and 4.97 billion USD, increasing 7.9% and 5.9% from the same period last year, … [Read more...] about Agro-forestry-fishery exports rake in 27.88 billion USD in 6 months

Vietnam's National Assembly Chairman Vuong Dinh Hue visited Albertirsa City on Sunday, where he had talks with Deputy Speaker of the Hungarian parliament István Jakab, concentrating on agricultural cooperation, as part of his ongoing visit to Hungary. Hue arrived in Budapest late on Saturday afternoon (local time) for an official visit from June 26 to 28, at the invitation of Hungarian National Assembly Speaker László Kövér, Nhan Dan (People) newspaper reported. In his meeting with Deputy Speaker Jakab, Hue thanked him for spending time accompanying the Vietnamese delegation’s visit to Albertirsa and a processing factory of Mirelite Mirsa Co. Ltd., an outstanding local enterprise in clean and green agriculture. The host and guest affirmed that the two sides should focus on promoting cooperation in agriculture, especially when Hungary has strengths in such fields as cultivation, processing, marketing, and distribution. They agreed that there remains ample room for the two … [Read more...] about Vietnam’s top legislator meets Hungarian parliament deputy speaker, focusing on agriculture cooperation

With the launch of its revamped offering, Kredivo and VietCredit pioneer by providing a very unique product in the Buy Now Pay Later space across the country, in line with its ambition to bring innovative payment solutions to the Vietnamese market, for the benefit of the Vietnamese people. According to Kredivo, the Vietnam e-commerce industry has some similarities with Indonesia in respect of the tremendous potential it represents as well as some of the challenges both face. In Indonesia, Kredivo has contributed to remove the obstacles of the country's online retail industry by introducing the most advanced digital credit payment method, enabling Kredivo’s 5 million+ users in Indonesia to get instant access to flexible and affordable credit, and the merchant partners also benefit from instant point-of-sale financing, powered by its unique 2-click checkout. That makes Kredivo a market leader with at least 50 percent Buy Now Pay later wallet share across most of the major Indonesian … [Read more...] about Kredivo introduces its newest payment methods in Vietnam

National Assembly Chairman Vuong Dinh Hue pays an official visit to the United Kingdom of Great Britain and Northern Ireland from June 28-30 (Photo: VNA) Hanoi (VNA) – Chairman of the National Assembly Vuong Dinh Hue’s official visit to the UK from June 28-30 presents a great opportunity for the two countries to strengthen their relations in legislative and reform issues that will support Vietnam’s development in the coming years, UK Ambassador to Vietnam Gareth Ward has affirmed. Talking to the press, he said there are three main areas for such cooperation, namely digitalisation, simplification of rules and procedures to strengthen the business environment; supporting equality, gender equality and equality for minority groups; and legislation and regulation around the green economy. He stressed that the strategic partnership between the UK and Vietnam is solid but there is plenty of room for it to expand. Hue’s visit, the second of a senior Vietnamese leader to … [Read more...] about Top legislator’s visit a great opportunity for boosting Vietnam-UK ties: UK Ambassador

Talking to the press, he said there are three main areas for such cooperation, namely digitalisation, simplification of rules and procedures to strengthen the business environment; supporting equality, gender equality and equality for minority groups; and legislation and regulation around the green economy. He stressed that the strategic partnership between the UK and Vietnam is solid but there is plenty of room for it to expand. Hue’s visit, the second of a senior Vietnamese leader to the UK within the past year, will help to push forward the cooperation between the two parliaments and governments, he said. "The relationship between the UK and Vietnam is built on people-to-people links. So I think this visit is a good symbol that we are open for business again in both directions,” said Ward. Businesses can travel, invest and develop export and import, while students from Vietnam can come to the UK and vice versa, he added. “We hope that we will soon see the return to the … [Read more...] about Top legislator’s visit a great opportunity for boosting Vietnam-UK ties

Mr. Warwick Morris, Chairman of the Vietnam-UK Network (VUKN). (Photo: VNA) London (VNA) – Vietnamese National Assembly Chairman Vuong Dinh Hue and his entourage will make good use of the visit to the United Kingdom (UK) to develop further links between the two countries' parliamentarians, according to Mr. Warwick Morris , Chairman of Vietnam-UK Network (VUKN). Even though there are differences between the two systems, the two sides will find plenty of common ground, which hopefully will lead to closer cooperation and dialogue in bilateral parliamentary relations, Mr. Morris, who is also former British Ambassador to Vietnam, told Vietnam News Agency ahead of Hue’s official visit to the UK from June 28 – 30. Mr. Morris spoke highly of the Vietnam – UK relations, saying the 50th anniversary of their diplomatic ties next year is a fine milestone. The bilateral relationship has broadened and deepened enormously during the two decades since 2003 when Vietnam and the UK … [Read more...] about Vietnam, UK legislatures will find common ground for closer cooperation: VUKN Chairman

The benchmark started the morning trading session not so smoothly when the demand still hesitated, while the holders were ready to push sell orders when they saw that stocks reached their expected price levels. The cautiousness of both sides made the VN-Index go down slightly in the ATO session. The market continuously shook in the morning trading session when both the buyers and sellers failed to show their superior on the electric board. The market only improved in the afternoon trading session when buy orders above the reference price unexpectedly poured into the group of banking stocks. The green color from the most important stock group in the market was the driving force, helping change the color of the remaining large-cap stocks in the VN30 basket. At the end of the trading session, the VN-Index gained by 15.28 points, or 1.27 percent, to 1,218.1 points. Of the index, 326 stocks emerged, 53 remained unchanged, and 136 sank. Notably, the list of stocks that climbed today … [Read more...] about VN-Index strengthens by more than 15 points, backed by banking stocks

Hanoi (VNA) - The following is a list of selected news summaries last night by the Vietnam News Agency . - General Secretary of the Communist Party of Vietnam (CPV) Central Committee Nguyen Phu Trong on June 27 held phone talks with President of the Cambodian People’s Party (CPP) and Prime Minister Samdech Techo Hun Sen. Read full story An overview of the talks between NA Chairman Vuong Dinh Hue and Speaker of the Hungarian NA László Kövér  (Photo: VNA) Welcoming the Vietnamese top legislator and the high-ranking Vietnamese delegation to Hungary, Kövér affirmed that Hungary considers Vietnam an important partner in Southeast Asia. He highlighted that the friendship and cooperation between the two countries have been tested in difficult times during COVID-19 period. He thanked the Vietnamese NA for giving Australia sincere support in the first days of COVID-19 outbreak. Read full story Read full story Vietjet and Da Nang exchange their MoU and annouce the … [Read more...] about ☀️ Morning digest on June 28

Tan Phu Plastic Company produces safe products to serve the local market. The "Zero Covid" policy of China means many Vietnamese producers lack input materials. (Photo courtesy of the firm) The worst sufferers were the electronics, wood, textiles, and footwear industries. According to the Ministry of Industry and Trade (MoIT), China was an important market for the export and import activities of Vietnam as it provides the majority of input materials for Vietnam's production, especially electronic components, machinery parts, fabrics and chemicals. MoIT said from 50 to 55 percent of raw materials and accessories for the textile, garment, and footwear industries originated from China. The country was currently implementing the "Zero Covid" strategy, which forced many factories there temporarily stop production to fight the pandemic. The import-export activities in the neighboring country were affected a lot by the shortage of containers at ports. Phan Thi Thanh Xuan, Vice … [Read more...] about Local enterprises lack materials due to China’s ‘Zero Covid’ policy

(Photo: VNA) Hanoi (VNA) – The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,092 VND/USD on June 28, down 10 VND from the previous day. With the current trading band of +/-3 percent, the ceiling rate applicable to commercial banks during the day is 23,789 VND/USD and the floor rate 22,399 VND/USD . The opening-hour rates at some commercial banks remained stable. At 8:26 am, BIDV listed the buying rate at 23,110 VND/USD and the selling rate at 23,390 VND/USD, both unchanged June 27. Similarly, Vietcombank also kept both rates unchanged, listing at 23,080 VND/USD (buying) and 23,390 VND/USD (selling)./. VNA … [Read more...] about Reference exchange rate down 10 VND on June 28