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Illustrative photo (Source: VNA) Hanoi (VNA) - Vietnam is emerging as a good option for Kiwi exporters looking to diversify where they sell their goods, said New Zealand’s new site 1news .co.nz in a recent article. The article cited the Ministry of Foreign Affairs and Trade of New Zealand’s report prepared by the Embassy in Hanoi as saying between 2016 and 2021, Vietnam led ASEAN in terms of growth per capita. This growth rate is higher than that of other major ASEAN markets such as Singapore, Malaysia, or the Philippines Trade Commissioner Joseph Nelson said Vietnam is a "frontier market" presenting new opportunities, and challenges, to Kiwi exporters looking to diversify. "As Vietnam has come out of its COVID waves, we are seeing a really strong bounce back in the economy. GDP is expected to be between 6.5% to 7.5% next year," he said as quoted by the article. "All the markets in Southeast Asia are bouncing back quite strongly, but Vietnam definitely is the best … [Read more...] about Vietnam’s economy lures New Zealand exporters

Rediscover Vietnam” is co-held by Thien Minh Group and national flag carrier Vietnam Airlines for travel promotion in Australia. (Photo: VNA) Called “Rediscover Vietnam”, the event was co-held by Thien Minh Group and national flag carrier Vietnam Airlines, with more than 80 travel firms and tour operators across Australia in attendance. It was the last of a series of travel promotion events held in multiple countries, including the UK, Germany, France, the US, Japan and the Republic of Korea. Thanh said the number of Australian arrivals in Vietnam and vice versa hit a record high of 600,000 in 2019 before the Covid-19 broke out globally. Given that the two countries established a Strategic Partnership in 2018 and bilateral ties continued to grow despite the pandemic, travel between Vietnam and Australia will be on a rise and surpass pre-pandemic records in the coming years, he said. The Vietnamese diplomat pledged to provide all possible conditions for Australian travelers … [Read more...] about Travel promotion “Rediscover Vietnam” held in Australia

Vietnam enjoyed a trade surplus of 710 million USD in the first six months of 2022, the General Statistics Office (GSO) reported on June 29. Vietnam enjoyed a trade surplus of 710 million USD in the first six months of 2022. (Photo: VNA) According to the office, in the first half of this year, total import-export revenue is estimated to reach 371.17 billion USD, up 16.4% year on year, with imports of 185.94 billion USD, a rise of 17.3% over the same period last year. In the period, the domestic economic sector suffered trade deficit of 15.97 billion USD, while the foreign-invested sector saw trade surplus of 16.68 billion USD. In June, import-export turnover is estimated at 32.65 billion USD, up 5.6% over the previous month. In the second quarter of 2022, export revenue reached 96.8 billion USD, a rise of 21% year on year and 8.7% over the previous quarter. In the January-June period, 28 products recorded export revenue of over 1 billion USD, … [Read more...] about Vietnam enjoys trade surplus of 710 million USD in six months

Vietnamese and Chinese officials take part in the teleconference on June 29. (Source: VNA) Hanoi (VNA) – A conference reviewing cooperation between Vietnamese ministries, localities and Guangdong province of China was held in virtual form on June 29 under the chair of Vietnamese Deputy Foreign Minister Pham Quang Hieu and Guangdong’s Vice Governor Wang Xi. Opening the conference, the eighth of its kind, Deputy FM Hieu expressed joy at the positive developments in the Vietnam-China relationship in general and between Vietnamese ministries, localities and Guangdong in particular. Guangdong has the biggest trade revenue with Vietnam among Chinese localities , with bilateral trade up 16.2 percent in 2021 to 47.42 billion USD, accounting for more than one quarter of Vietnam-China trade value. Guangdong companies invested nearly 2 billion USD in Vietnam in 2019-2020. Deputy minister Hieu said amidst fast developments in global and regional economic situation, the two … [Read more...] about Conference reviews Vietnam-Guangdong cooperation

Illustrative image (Photo: VNA) Hanoi (VNA) - Vietnam’s consumer price index (CPI) in the January – June period rose by 2.44% year-on-year while its core inflation edged up 1.25%, the General Statistics Office ( GSO ) reported at a press conference on June 29. The CPI was up 2.96% in the second quarter, and 3.37% in June alone, compared to the same periods last year. GSO General Director Nguyen Thi Huong attributed the CPI hike to the increase in prices of essential consumer goods and services, materials for production and transportation costs. According to the GSO, the world commodity market in the January – June period continued to witness many fluctuations and was influenced by economic and political factors. The global economic recovery, the increasing demand for raw materials and fuel for production, and the disruption in supply chains are main reasons behind the sharp surge of commodity prices on the international market. The GSO said prices of petrol … [Read more...] about Vietnam’s CPI up 2.44% in six months

National Assembly Chairman Vuong Dinh Hue (L) meets Hungarian Prime Minister Viktor Orbán (Photo: VNA) Budapest (VNA) - National Assembly Chairman Vuong Dinh Hue has said his visit to Hungary is an opportunity to deepen and promote the comprehensive partnership between Vietnam and Hungary , especially the parliamentary ties. Hue said the visit will open up new cooperation areas between the two countries at multilateral or regional forums. Vietnam as well as support in education and training, exemplified by its continued provision of scholarships for Vietnamese students. An overview of the meeting between the two leaders. (Photo: VNA) Hue and Orban also agreed on the commitment to develop two-way trade in a "balanced manner", create favourable conditions for each other's products and services to access the other market, and encourage businesses of the two countries to invest in the other country. VNA … [Read more...] about Vietnam, Hungary to further promote trade, politics, people-to-people exchanges: Leaders

A view of the Dong Van II Industrial Park in the northern province of Ha Nam. (Photo: VNA) Hanoi (VNS/VNA) - The Ministry of Planning and Investment (MPI) has called for the implementation of an industrial environmental index in Vietnam, according to Le Thanh Quan, head of MPI's department of economic zone management. Quan said the establishment of environmental standards in more than 400 industrial parks and 18 economic zones across the country was to play a significant role in resolving environmental issues, reducing waste and achieving sustainable development. The MPI had been gathering data and feedback in preparation to set up Vietnam's industrial environmental standards. He said it was in line with the global trend to promote sustainable industrial development among developed countries including Japan, the Republic of Korea and Switzerland. The implementation of the index was also part of a national development strategy on green growth for the 2021-2030 … [Read more...] about Vietnam to establish industrial environmental index

The projects are located at the Thuan Bac District of Vietnam, having started operations in 2020 under a 20-year PPA at US$93.5/MWh. This transaction is expected to establish a long-term relationship between Xuan Thien Group and EDPR to jointly explore additional opportunities in the region contributing to accelerate EDPR growth prospects in APAC. With this transaction, EDPR doubles its operational capacity in Vietnam, strengthening its presence in the APAC region, a market where it entered in 2021 and has been since reinforced with the integration of Sunseap in February 2022. The transaction is subject to regulatory and other customary precedent conditions. Hyperion Investment Advisory Limited was Xuan Thien's advisor in the transaction. EDPR completed its S$1.1 billion acquisition of Sunseap Group earlier this year, establishing a clean energy hub for the Asia Pacific region that is headquartered in Singapore. EDPR expects to invest up to S$10 billion in the region … [Read more...] about EDPR acquires two solar projects in Vietnam

More than 600,000 foreign tourists travelled to Vietnam in the first six months of this year, presenting a 6.8 percent year-on-year increase. In June alone, the number of international visitors was 236,700 thanks to the resumption of international flights. Of the total, the number of visitors arriving by air reached 523,900, accounting for 87 percent and up 9.4 percent compared to the same period last year; by road was 78,000, accounting for 13 percent. Revenue from accommodation and catering services in June saw a 20.9 percent increase compared to the previous year. Some localities got revenue growth, such as Can Tho increased 52.1 percent, Hanoi up 44.4 percent, Dong Nai up 22.6 percent, Quang Ninh up 19.2 percent, HCMC up 17.2 percent, Hai Phong up 12.6 percent, Binh Duong up 11.4 percent and Da Nang up 11.2 percent. This year, the trend of tourism has changed when travelers choose tourist destinations in the region. The country's total tourist revenue increased … [Read more...] about Foreign tourist arrivals to Vietnam up 6.8 percent in first six months

Ambassadress Nguyen Phuong Tra, Deputy Permanent Representative of Vietnam to the UN. (Photo: VNA) In her remarks, Ambassador Nguyen Phuong Tra, Deputy Permanent Representative of Vietnam to the UN, pointed out that while the Covid-19 pandemic continues to threaten peace and development efforts, conflicts in many regions have led to heavy casualties and growing humanitarian challenges. She held that the international community should give high priority to ensuring compliance with international law and the UN Charter. She also underlined the role of multilateralism and multilateral mechanisms with the UN at their center. To promote a ceasefire, it is necessary to boost compliance with Resolutions 2532 and 2565, and relevant resolutions of the UN Security Council, Tra said, suggesting a framework be set up to effectively monitor ceasefire agreements in conflict-hit regions. Highlighting Vietnam’s efforts to promote the UN Security Council’s adoption of Resolution 2573 on the … [Read more...] about Vietnam reaffirms support for UN Secretary-General’s appeal for global ceasefire