Vietnam food trade shows

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

During the year, Vietnam’s exports to India topped 7.9 billion USD, up nearly 27% year-on-year. Among its export items , mobile phones and accessories posted the highest turnover with 1.5 billion USD. Computers, electronics and parts came next, and they were followed by machinery and equipment. Other staples with the highest value increase were coffee, iron and steel and footwear. Meanwhile, Vietnam imported over 7 billion worth of goods from India last year, a yearly hike of 2%. Its major import commodities from the market were iron and steel with nearly 775 million USD, machinery and equipment and ordinary metals. India is Vietnam’s leading provider of aquatic, garment and textile, leather and pharmaceutical materials. The 1.4-billion-strong Indian market has diverse demands with various market segments - a good condition for Vietnamese exporters. Besides trade, bilateral cooperation in tourism and investment also grew with the resumption and launch of direct … [Read more...] about Vietnam’s trade with India hits record in 2022

Food safety authorities in Dong Nai Province, southern Vietnam said on Friday that they had fined a company VND240 million (US$10,234) after discovering nearly 24 metric tons of rotten foods including chicken, beef and animal organs at its two warehouses in Bien Hoa City. Seven metric tons of the decayed foods were found at a warehouse of Long Phat Co., Ltd in the city’s Tan Hiep Ward and the remaining amount was discovered at another venue in Phuoc Tan Ward. Functional forces later destroyed all of them. At the time of the detection, the foods were emitting a foul odor and were in a stage of decomposition. Most of their packages did not carry labels while some others had foreign words. Long Phat, which is based in Tan Hiep Ward and chaired and directed by Nguyen Chi Hieu, said the company had purchased the foods online and from some sources in the northern region for reselling to restaurants and eateries in Dong Nai, Binh Duong and Ho Chi Minh City. Police officers … [Read more...] about Vietnamese firm fined $10,000 following discovery of 24 metric tons of rotten foods for sale

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

Lonely Planet suggested newlyweds can spend their unforgettable honeymoon in the “pearl island” of Phu Quoc, the ancient town of Hoi An or Ha Long Bay - the UNESCO World Heritage Site without hurting their wallet. According to the website, the top 10 budget-friendly getaways allow visitors to count their pennies without compromising on the once-in-a-lifetime experience. Indeed, they can experience a dynamic culture and delicious cuisine during their first adventure as newlyweds. Lonely Planet stressed that Vietnam is something of a street-food heaven, adding that that visitors must sample the country's signature dishes, such as Pho bo (beef noodle soup), Bun cha (a type of barbecued pork with rice noodles), and Banh mi, a local type of baguette. The magazine also recommended that foreign couples pay a visit to the country outside of the high season of July and August as they will have the best chance possible to find budget accommodation./. VNA … [Read more...] about Vietnam among top best places to go for budget honeymoon

The Ho Chi Minh City Stock Exchange (HoSE) on Thursday warned that Vietnam Airlines (HVN) could be delisted if an audit proves the company has logged an operating loss for three consecutive years. In its warning, the HoSE cited the firm’s consolidated financial statement for the last quarter of 2022 in which Vietnam Airlines posted an accumulated loss of nearly VND34.2 trillion (US$1.46 billion) in 2022. The carrier also reported that its equity was negative VND10.2 trillion ($435.4 million) last year. According to the Law on Securities, the stock of a public company must be delisted if it suffers annual operating losses for three consecutive years, if its accumulated losses exceed its charter capital, or if its equity is negative. As such, if Vietnam Airlines' audited consolidated financial statement for 2022 shows a loss, it will be the firm’s third consecutive year of operational losses and its ticker will be delisted, the HoSE warned. On June 1, 2022, the HoSE issued a … [Read more...] about Vietnam Airlines risks stock delisting

For U.S. Ambassador to Vietnam Marc Evans Knapper, the bilateral relationship between Vietnam and the United States is already fundamentally strategic in nature. He is “extremely hopeful” about the possibility of upgrading the relationship to a strategic partnership. Elevating Vietnam – U.S. relations to a strategic partnership has been a prospect for a long time, and will certainly be one of the top priorities in the agenda for 2023 as the two countries celebrate the 10th anniversary of the existing comprehensive partnership. This will also be a milestone for Ambassador Knapper, who started his tenure at a special time. The role of the U.S. as a superpower has become even more important as global politics have witnessed ups and downs with economic difficulties, armed conflicts, and geopolitical tensions. In this context, the relationship between the U.S. and Vietnam, widely seen as a country with an important geopolitical position in the Indo-Pacific, is worth considering as a … [Read more...] about Vietnam – US relations naturally strategic: ambassador

Many banks in Vietnam have released their business results in 2022, which indicate their hefty profits. According to the 2022 financial report of the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), it recorded a pre-tax profit of over VND37.3 trillion (US$1.59 billion), up 36 percent year on year and exceeding its 2022 target. With this result, Vietcombank has taken the lead in pre-tax profit in the entire banking system for five consecutive years. It was followed by Vietnam Technological and Commercial Joint Stock Bank (Techcombank), which earned over VND25.5 trillion (nearly $1.09 billion) last year, rising 10 percent compared with the preceding year. Last year was the ninth straight year that Techcombank had posted a profit growth rate, albeit at a modest rate. Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) was also among the banks with a high profit. Its pre-tax profit surged more than 70 percent to nearly VND23 … [Read more...] about Banks in Vietnam report handsome profits in 2022

"I felt safe in all Vietnamese cities I visited," Karena Edgecombe from New Zealand told VnExpress International. Edgecombe said that it was "extremely safe to walk alone" in major cities like Hanoi, where gun violence and street assaults are uncommon. She said she had walked around Hanoi by herself at 5 a.m. when she couldn't sleep, and she had to walk through many small alleyways at 10 p.m. to get to a pharmacy in Hoi An. "In Vietnam I feel safer than in my hometown in Auckland," she said. Cass Raison, a tourist from the U.K. who left Vietnam on Wednesday after staying here a month, also rated Vietnam's safety highly. "I haven't really worried about anything while in Vietnam," Raison said. "Vietnamese people are in general very helpful and helped us find our hostels if we were lost. Most are very friendly and smiley." During the long trip in Vietnam, Raison visited the Ha Giang Loop in the northern highlands and went on a cruise through Ha Long Bay to Cat Ba Island in … [Read more...] about Foreign tourists find Vietnam ‘very safe’

HEINEKEN Vietnam and the National Traffic Safety Committee (NTSC) renewed their partnership in December with the initiative ‘When You Drink, Never Drive’ (WYDND) which advocates a positive shift away from unhealthy drink-driving behaviours. The scheme has been in place, in one shape or another, since 2008, and will take an alternative approach to the issue over the next two years. The partnership aims to pilot activities that reinforce road safety culture, promoting responsible drinking and clean driving habits for state agency and local enterprise employees. The NTSC and HEINEKEN Vietnam have worked together to create a set of traffic safety regulations within the WYDND framework, and the initiative will present comprehensive and practical solutions with the purpose of safeguarding Vietnamese consumers against dangerous consumption and behaviour. Tran Huu Minh, head of the NTSC Office, complimented HEINEKEN Vietnam’s efforts. “The company has proactively organised … [Read more...] about HEINEKEN Vietnam renews traffic safety partnership