Vietnam imports and exports

Workers process pineapple for export at the factory of the An Giang Agriculture and Food Import - Export Company. (Photo: VNA) Hanoi (VNA) – Vietnam has recorded impressive growth in exports to Hungary in recent years, statistics showed. Exports from Vietnam to Hungary increased eight-fold to 1 billion USD in 2020 from 124.2 million USD in 2016. The figure stood at 842.7 million USD in the first 10 months of 2021, up 5% year on year, according to data from the European country. Though shipments of agricultural and food products remain modest, the revenue posted a strong increase in the recent past as seen in some key exports. Vietnam exported almost 4.4 million USD worth of processed coffee to Hungary in 2020, surging 38-fold from four years earlier, and 7.13 million USD during January - October of 2021, up 85.6% year on year. Cashew nut exports grew 27.7% to nearly 2.4 million USD in 2020 compared to 2016, and 11.6% year on year to 2.2 million USD in the first 10 … [Read more...] about Vietnam’s exports to Hungary on the rise

In 2020-2021, despite being heavily affected by the COVID-19 epidemic, Vietnam’s GDP still maintained positive growth, mainly thanks to the growth of import-export and investment, especially foreign direct investment. In fact, a number of industries recovered strongly after the epidemic such as retail, personal goods, and pharmaceuticals, due to a good recovery in domestic demand. Construction industry pins hope in public investment, FDI and real estate to bounce back. Some industries showed good recovery reaching close to the pre-pandemic period, including transportation, warehousing, and forestry, while logistics sector is expected to be a bright spot in the coming years. The Asian Development Bank has forecasted that Vietnam 's economic growth will recover to 6.5% in 2022 and reach 6.7% in 2023. The International Monetary Fund , meanwhile believes that the figures will be 6% in 2022 and 7.2% in 2023./. VNA … [Read more...] about Vietnam’s economy expects strong recovery

Representatives cut the ribbons to open the programme. — VNA/VNS Photo A programme to introduce Vietnamese goods and foods in the UK is underway at Longdan Supermarket in Crawley, about 45km south of London. The week-long event, which started on Sunday, is hosted by the Vietnam Trade Office under the Vietnamese Embassy in the UK, in collaboration with the Vietnam Business Association in the UK (VBUK), and Longdan and EUTEK groups. As part of activities in the trade promotion programme of the Vietnamese Ministry of Industry and Trade (MoIT), the event aims to promote high-quality Vietnamese products that are benefiting from the UK-Viet Nam Free Trade Agreement (UKVFTA) to British retailers and consumers. Handicraft products, coffee, fresh and dried fruits, canned fruit juice, vermicelli, dried noodle, rice papers, cashew nuts, and fragrant rice from reputable export enterprises of Viet Nam are being displayed at the supermarket and Vietnamese markets in Nottingham. At the … [Read more...] about Vietnamese goods, foods introduced in UK

Hanoi, (VNA) – The following is a brief review of the day’s events as reported by the Vietnam News Agency on June 27. -National Assembly (NA) Chairman Vuong Dinh Hue met representatives from the Vietnamese entrepreneur community in Europe in Budapest on June 26 evening (local time), as part of his official visit to Hungary. Earlier the same day, NA Chairman Hue visited the Vietnamese Embassy and met Vietnamese people living in Hungary. Read full story -Prof. Dr. Nguyen Xuan Thang, Director of the Ho Chi Minh National Academy of Politics (HCMA) and visiting Australian Minister for Foreign Affairs Penny Wong jointly pressed the button to inaugurate a portal of the Vietnam-Australia Centre (VAC) on June 27. Penny Wong, who is on an official visit to Vietnam from June 26-28, said the VAC will play an important role in enriching the knowledge of future Vietnamese officials trained at the academy, as well as promoting cooperation and strengthening links between the people of the … [Read more...] about ☕ Afternoon briefing on June 27

Peter Bernhardt, team leader of the ARISE+ Vietnam project Since coming into force in August 2021, the EU - Vietnam Free Trade Agreement (EVFTA) has become an effective tool for boosting trade ties between the EU and Vietnam. What should Vietnam pay attention to in order to benefit more from this deal? I agree that the overall picture of EVFTA performance in this starting period, where exporters and government authorities from both sides have to adapt to the new situation, looks definitely promising. The EVFTA is the most ambitious FTA that the EU has ever signed with a developing country. The deal will mutually lift about 99 per cent of the tariffs within 10 years. Duty was lifted from 65 per cent of EU exports to Vietnam and 71 per cent of Vietnamese exports to the EU, immediately after the EVFTA came into effect. As most Vietnamese exporting products are consumer products, the real challenge Vietnam exporters will face to comply with EU consumer protection regulations is … [Read more...] about EU supporting comprehensive implementation of the EVFTA

National Assembly Chairman Vương Đình Huệ and his Hungarian counterpart László Kövér sign a new cooperation agreement between the two parliaments in Budapest on Monday. — VNA/VNS Photos Doãn Tấn BUDAPEST — A new cooperation agreement between Việt Nam and Hungary’s national assemblies was assigned by National Assembly (NA) Chairman Vương Đình Huệ and his Hungarian counterpart László Kövér in Budapest on Monday. The document was signed after the two officials spoke at the Hungarian Parliament building, which was part of Huệ’s official visit to the country. The agreement was based on the comprehensive partnership between the two countries, and the cooperation agreement signed between the two national assemblies in 2008. It aims to strengthen the partnership and multifaceted cooperation between Việt Nam and Hungary based on the principles of equality, mutual benefit, mutual respect, compliance with each country's laws, and adherence to international treaties. With the new … [Read more...] about VN, Hungary’s parliaments sign new cooperation agreement

Mr. Phan Van Mai, Chairman of the HCMC People's Committee (R)  talks with investors. (Photo: SGGP) At the conference, Mr. Phan Van Mai, Chairman of the HCMC People's Committee, said that the city wants to listen to the opinions of investors, including their proposals, for authorities to prepare the legal frameworks, orientations, and conditions for enterprises to develop in the future. “Besides attracting new investments, we also need to restructure existing ones. The city is responsible for creating the space, legal framework, and conditions to support enterprises to increase the value of projects," Mr. Phan Van Mai emphasized. Since its establishment in 2002, SHTP Management Board has granted investment registration certificates to 163 projects, with a total investment capital of over US$12 billion. Of which, FDI capital is over $10.1 billion, and domestic capital is over $1.96 billion. The accumulated total value of high-tech production of the SHTP is estimated at $120.307 … [Read more...] about HCMC pledges to facilitate enterprises to increase value in SHTP

During the talks, participants evaluated that the effective coordination among parties has contributed to well maintaining political security and public order, firmly protecting national sovereignty in each country and consolidating the special solidarity between Vietnam and Laos. In realizing their inked memorandum of understanding, the Ha Tinh provincial Border Guard Command and the Borikhamxay and Khammuane provincial Public Security Departments have regularly exchanged information and situational developments and promoted information dissemination to mobilize people along the shared borderline to strictly observe the Protocol on the borderline and border markers and the Agreement on the regulations managing the land border and border gate system signed by the two governments. In addition, the two sides have well managed the import and export activities through border gates and sub-border gates. Over the past years, Cau Treo International Border Gate in Ha Tinh province and … [Read more...] about Ha Tinh’s border guard holds talks with Laos’ public security units