Accordingly, Vietnam’s exports to other Asian countries reached USD 177.26 billion in 2022, up 9.5% year-on-year. The country’s imports from other Asian nations hit USD 298.03 billion, 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 USD 730.2 billion last year, up 9.1% compared to 2021. The value of imports and exports between Vietnam and Americas, Europe, Oceania, and Africa was USD 153.73 billion (up 10.5%), USD 75.45 billion (up 2.8%), USD 17.62 billion (up 24.3%) and 8.1 billion (down 3.9%) respectively. Source: VNA … [Read more...] about Vietnam – Asia trade reaches nearly USD 475.3 billion in 2022
Vietnam gefe 2022
Vietnam State Treasury to raise US$17 billion through Gov’t bonds in 2023
Government bond is an important source of revenue for the state budget and supports the development of the capital market. The Vietnam State Treasury (VST) is expected to raise VND400 trillion (US$17 billion) by issuing Government bonds via auctions at the Hanoi Stock Exchange (HNX) in 2023. Government bonds remain a key source for the state budget. Photo: Viet Dung Under the plan, the agency is set to issue bonds worth VND108 trillion ($4.6 billion) in the first quarter of this year. This would include bonds with five to seven-year maturity of VND8 trillion (US$341.5 million), 10-year maturity of VND45 trillion (US$1.9 billion), 15-year maturity of VND45 trillion (US$1.9 billion), 20-year maturity of VND5 trillion (US$213.2 million) and 30-year maturity of VND5 trillion (US$213.2 million). VST noted adjustments may be made to stay in line with the actual situation of the market and Gov’t expenditure needs, especially the disbursement progress of public … [Read more...] about Vietnam State Treasury to raise US$17 billion through Gov’t bonds in 2023
Waitangi Day reflections on New Zealand – Vietnam Partnership
The signing of the Treaty of Waitangi on February 6, 1840. (Photo: nzhistory.govt.nz/media/photo/the-signing-of-the-treaty) Hanoi (VNA) - The ambassador of New Zealand to Vietnam, Tredene Dobson, has written an article on the occasion of New Zealand's Waitangi Day (February 6). The following is the full text of the article. "All countries are unique – they all have a thousand big and small things that make them special. And most countries have a national day where the people of that nation come together to celebrate those special attributes and qualities. One of the things that makes Aotearoa New Zealand unique is that we don’t have a national day – not officially anyway. Not one day set down in law – different to all of the other public holidays – that carries the weighty title of ‘national day’. We do have ‘Waitangi Day’ though – a day so special and unique to our country that it is often regarded by international friends as our national day. Waitangi Day marks the … [Read more...] about Waitangi Day reflections on New Zealand – Vietnam Partnership
VinFast to showcase four EV models at Los Angeles Auto Show 2022
Illustrative image. (Photo: VNA) Hanoi (VNA) - Vietnamese automaker VinFast has announced that it will participated in Los Angeles Auto Show 2022 (LAAS 2022) scheduled to take place from November 17 – 28. model s crafted by Torino Design. Vingroup Vice Chairwoman and VinFast Chairwoman Le Thi Thu Thuy said returning to LAAS 2022 one year after revealing its EV brand , VinFast wants to show global audiences that the future of mobility is about to become a reality, and VF 8 vehicles are about to be delivered to customers all over the world. VinFast offers diverse options to consumers, helping them easily access high-quality electric vehicles, reasonable prices and excellent services to move toward a greener and more sustainable future," she said VNA … [Read more...] about VinFast to showcase four EV models at Los Angeles Auto Show 2022
Vietnam’s industrial property – promising segment in 2023
The demand for Vietnam’s IP land rentals will sharply grow in 2023 thanks to policies promoting a return to investing in the Southeast Asian country. The industrial property segment is predicted to continue to be a bright spot in Vietnam’s real estate market in the coming years after reaching impressive growth in 2022, local insiders said. Benefiting from the ex isting land bank Many IP developers earn profit from developing IP projects. Photo: Cong Hung A recent report on the industrial real estate industry of VNDIRECT Securities predicted that by 2023, the net profit of listed IP developers is expected to grow by around 12% year-on-year. "We see more challenges for IP developers in the next two years due to the slow project approval process and limited funding sources. However, this is likely to turn into opportunities for developers that own ready-to-lease land banks, such as Becamex IDC Corporation (BCM)," the report noted. "We believe that … [Read more...] about Vietnam’s industrial property – promising segment in 2023
Vietnam remains third largest seafood supplier to RoK
Vietnam remained the third largest seafood supplier to the Republic of Korea (RoK) last year with the country’s seafood market share as part of the RoK’s total imports reaching 10.2%, according to statistics released by the Korea Customs Service. Last year witnessed Vietnam spend US$6.47 billion on importing 1,595 million tonnes of seafood from 109 markets, duly representing a rise of 3.9% in volume and 12.7% in value compared to 2021’s figures. Vietnam remained the third largest seafood supplier to the Republic of Korea last year The RoK mainly increased seafood imports from Russia and Vietnam, while reducing seafood imports from markets such as Norway, the United States, and Peru. Vietnam was the third largest seafood supplier to RoK last year with 161,900 tonnes worth US$915.8 million, up 3.6% in volume and 15.3% in value compared to 2021. In the first half of the year, the RoK’s seafood imports are anticipated to continue slowing following the trend in the … [Read more...] about Vietnam remains third largest seafood supplier to RoK
Vietnam’s airports serve more than 9.8 million passengers in January
Airports across Vietnam handled more than 9.8 million passengers in January, an increase of 13.8% compared to the previous month, according to the Civil Aviation Authority of Vietnam (CAAV). Of the total, the number of international passengers reached 2.3 million, a 10% rise month on month, while the number of domestic passengers was 7.5 million, an increase of 15% month on month. Noi Bai International Airport on January 16, one week before the celebration of Lunar New Year (Tet) festival. (Photo: VNA) Domestic airlines carried 4.85 million passengers, up 13.4% including 1.1 million international passengers and 3.75 million domestic ones. About 112,000 tonnes of cargo were handled at the airports in the first month of 2023, up 11.6% compared to December 2022. During the 7-day Lunar New Year (Tet) holiday, airports across the country served more than 1.9 million passengers, an increase of 58%, and more than 7,600 tonnes of cargo, down 11.6% compared to the same … [Read more...] about Vietnam’s airports serve more than 9.8 million passengers in January
Multilateral diplomacy hoped to help Vietnam become modern industrial country by 2045
Vietnam's UN peacekeeping forces (Photo: VNA) Hanoi (VNA) – Deputy Minister of Foreign Affairs Do Hung Viet has highlighted the role of multilateral diplomacy in realising the dream of building Vietnam into a modern industrial country by 2045 in his recent article published on the occasion of the Lunar New Year (Tet). Diplomatic highlights in 2022 Prime Minister Pham Minh Chinh attends the ASEAN-US Special Summit. (Photo: VNA) Over the past year, Party, State, and NA leaders have participated in many leading multilateral initiatives, thereby strongly conveying a message of a peace-loving, justice-loving, and innovative Vietnam that is willing to be a friend and a reliable, responsible partner of the international community, Viet said. multilateral diplomacy Deputy Minister of Foreign Affairs Do Hung Viet (Photo: VNA) According to Viet, the year 2023 is of significance as it marks the further implementation of the Resolution adopted at the 13th … [Read more...] about Multilateral diplomacy hoped to help Vietnam become modern industrial country by 2045
World’s leading hotel groups to double down on investment in Vietnam
Accor Vietnam intends to double the number of international-standard hotel s in Vietnam. - Illustrative image (Photo: baodautu.vn) Hanoi (VNA) - Accor Vietnam and IHG Hotels & Resorts – the world’s leading hotel businesses operating in Vietnam announced that they intend to double the number of international-standard hotels in the Southeast Asian nation in the next five years. Representatives of Accor and IHG said Vietnam is a very attractive country to invest in, and foreign investment has been quite robust over the past few years. There is huge potential for developing the hotel sector in the Southeast Asian nations. Xavier Cappelut, Vice President of Operations of Accor Vietnam, said the firm has plans to welcome 41 more hotels and resorts in its chain in Vietnam within the next five years. The hotel market received a great number of domestic visitors from the first half of 2022 due to the loosening of pandemic regulations, he said, adding that the demand has … [Read more...] about World’s leading hotel groups to double down on investment in Vietnam
Vietnam contributes to ASEAN’s consensus on important decisions
Foreign Minister Bui Thanh Son (C, red shirt) and his Lao, Indonesian counterparts posing for a photo with reporters at ASEAN Foreign Ministers’ Retreat (Photo: VNA) Jakarta (VNA) - The Vietnamese delegation to the ASEAN Foreign Ministers’ Retreat, led by Foreign Minister Bui Thanh Son, has actively contributed ideas to creating ASEAN's consensus on many important decisions such as measures to improve the group's institution effectiveness, implement the five-point consensus on the Myanmar issue, and support Timor Leste. The statement was made on February 4 by Ambassador Vu Ho , acting head of SOM ASEAN Vietnam, in an interview granted to Vietnam News Agency correspondents in Indonesia on the outcomes of the retreat. Ambassador Ho said that the Vietnamese delegation not only discussed with other delegates to identify ASEAN's focuses and priorities, but also actively proposed many practical initiatives that are in line with the common concerns of other countries and the … [Read more...] about Vietnam contributes to ASEAN’s consensus on important decisions