The Ministry of Industry and Trade (MoIT) will capitalise on signed free trade agreements (FTAs) to diversify markets, step up trade promotions and shift to exports through official channels with a view to gaining 377 billion USD in export revenue this year. As of January 15, Vietnam shipped overseas some 15.1 billion USD worth of products. (Photo: VNA) The...

Trade activities between Vietnam and China have been busy since the beginning of 2024, with a series of border gates reopened and upgraded. Dong Dang border gate in Lang Son province (Source: vneconomy.vn) According to the management board of the Dong Dang-Lang Son economic zone, the first week of the year saw the number of trucks transporting goods...

In line with the 2024 plan, Indonesia was reportedly set to import approximately 3 million tonnes of rice, nearly matching the Philippines' planned import of Vietnamese rice, which will make Indonesia one of the world's largest rice importers and a key customer for the Vietnamese rice industry. A rice warehouse (Photo: VNA) In January, the Indonesian National Logistics Agency...

More than 662.59 trillion VND (27.14 billion USD) of public capital allocated for 2023 was disbursed as of January 31, fulfilling 93.12% of the Prime Minister’s assigned plan, according to the Ministry of Finance. Illustrative image (Photo: baodautu.vn) The ministry said on February 1 that some 88.28 trillion VND was disbursed for the socio-economic recovery and development programme,...

Total retail sales of goods and revenue from consumer services in January were estimated at 524.1 trillion VND (21.47 billion USD), up 8.1% year-on-year, as consumers have been on the mood to shop for the upcoming Tet (Lunar New Year) Festival, according to the General Statistics Office (GSO). At a supermarket in Hanoi (Photo: VNA) Without taking inflation into...

Although the average consumer price index (CPI) in 2023 increased by only 3.25% year-on-year and the January figure went up 0.31% over the previous month, meaning that inflation is under control, it is necessary for Vietnam to be vigilant against inflation, according to the Investment Review. Illustrative image (Photo: VNA) The world economic environment also requires the country...

There is great potential for Vietnam to increase its agricultural, forestry, and aquatic exports to the US, particularly when the quality and competitiveness of its products are improved. Illustrative photo (Photo:VNA) In 2023, the US was the second largest market for Vietnam’s agro-forestry-fishery products, accounting for 20.7% of its total export turnover. According to the Foreign Trade Agency...

Vietnam earned 5.14 billion USD from agro-forestry-aquatic exports in January, a year-on-year surge of 79.2%, the Ministry of Agriculture and Rural Development reported. Vietnam earns 5.14 billion USD from agro-forestry-aquatic exports in January. (Photo: vneconomy.vn) Meanwhile, the country imported 3.72 billion USD worth of agro-forestry-aquatic products in the month, leading to a trade surplus of 1.4 billion USD,...

Vietnam expects its agricultural export value to China to increase sharply this year, as China agreed to review regulations permitting official exports of poultry meat from Vietnam to this market. Packing eggs for export at the DTK Phu Tho Co., Ltd. Last year, Vietnam exported over 34 million eggs, an increase of more than 3.1 times compared to 2022....

Real estate has emerged as the biggest recipient of foreign direct investment (FDI) in January while foreigners now also have great demand for property in Vietnam, statistics show. Real estate attracts the most FDI in January, 1.27 billion USD. (Photo: VNA) As much as 1.27 billion USD of FDI was poured into real estate in January, accounting for...