As one of the few sectors reporting export turnover increase in the first quarter of 2023, Vietnam's vegetable and fruit sector has a bright outlook to earn US$4 billion in export revenue this year.
By April 20, the total newly registered capital, adjusted capital and capital contributions and share purchases of foreign investors reached nearly US$8.88 billion, as much as 82.1 percent over the same period last year.
The total import and export turnover in the first three months of 2023 was recorded at US$150 billion, significantly lower than the set target of over $200 billion, raising concerns among authorities and businesses.
Forty percent of Vietnamese enterprises exporting to the EVFTA market benefit from tariff preferences for import and export goods, thereby increasing orders, revenue, and profits.
The Ministry of Industry and Trade (MoIT) held a seminar to review the three years of the implementation of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on December 26 in Hanoi.
Several countries are raising interest rates in an effort to curb inflation, even though higher interest rates can push economies into even deeper recession.
After 20 years running, Saigon Hi-tech Park (SHTP) has been trying to transfer its focus towards quality and performance, prioritizing the commercialization of research results while attracting more projects with high added values.
The People’s Committee of Soc Trang Province has just cooperated with the Ministry of Agriculture and Rural Development, related units to organize a conference themed ‘Resolving Difficulties for the Seafood Industry to Rise to the Top of the World’.
During the fourth quarter of every year most of the export companies in Vietnam find the need to step up pace in order to meet the increased demand in orders from major import markets such as the US and the European Union.
Total import and export turnover in the first eight months of the year reached US$497 billion, of which export turnover hit $250 billion, up 9.1 percent over the same period last year. However, many enterprises are concerned that technical barriers put up by import markets, combined with a sharp decrease in purchasing power, have had a significant impact on export activities.
Economic experts have revealed that the advantages of Free Trade Agreements (FTAs) in Vietnam are mostly taken by Foreign Direct Investment (FDI) businesses. In some situations, this causes even fiercer competitions for domestic enterprises not only in national but also in international markets.
Ho Chi Minh City Investment and Trade Promotion Center (ITPC) yesterday held the conference ‘Facilitating Exports to Thai Market – Bringing Products to GO! Supermarket Chain via Central Retail Group in 2022’. Despite the complexity of the Covid-19 pandemic, the export turnover to Thailand is still impressive, with a two-digit growth rate.
By the end of the first quarter of 2022, industrial production in Ho Chi Minh City has prospered, with the added value of the whole industry increasing by 5.5 percent. Along with that, export turnover of goods is estimated at nearly US$11.9 billion, up 3.5 percent; foreign direct investment capital reaches nearly VND10 trillion. This shows that HCMC's economic growth is recovering strongly.
Since the beginning of the new year, many enterprises have accelerated production to meet the delivery schedule. Along with that, units have been striving to connect with supply chains to increase the source of raw materials.
Director of the Department of Industry and Trade Vo Van Chieu in the Mekong Delta Province of Soc Trang today said that in 2021, Soc Trang has achieved US$1.28 billion seafood export turnover.
The total import and export turnover by October is estimated at US$109.05 billion, up 17.9 percent over the same period last year. This result has been contributed significantly by the food and foodstuff industry, with nearly 13.8 percent of the industrial production value of Ho Chi Minh City.
The Ministry of Industry and Trade (MoIT) coordinated with the American Chamber of Commerce and the US - ASEAN Business Council to organize the Vietnam - US Trade Forum 2021 on December 7.
