PSNews - Vietnam recorded trade surplus of 17 billion USD over the past 9 months of 2020. According to the General Statistics Office, the figure increased 2.3 times compared to the 7 billion USD amount last year.
On October 28, during the Indo-Pacific Business Forum being held in Hanoi, the United States Agency for International Development (USAID) Vietnam Mission Director Ann Marie Yastishock announced the launch of the Vietnam Low Emission Energy Program II (V-LEEP II).
With Vietnamese organic agricultural produce enjoying a presence in 180 countries worldwide, a total of 60 out of 97 local organic production businesses are currently involved in export activities with annual turnover reaching US$335 million.
The nation’s exports to the ASEAN market this year are expected to reach US$23.6 billion, while the average growth rate for the 2016 to 2020 period is predicted to witness a low level of growth at 5.26%, according to the latest report released by the Ministry of Industry and Trade (MoIT).
The seventh meeting of the Joint Trade and Economic Commission (JTEC) between Vietnam and New Zealand was held online on October 23, co-chaired by Deputy Minister of Industry and Trade Tran Quoc Khanh and New Zealand’s Deputy Secretary Trade and Economic Vangelis Vitalis.
Vietnam’s e-Commerce growth reached 32 percent last year and averaged about 30 percent annually since 2016, according to a report by the Vietnam e-Commerce Association (VECOM).
The EU-Vietnam Business Council (EVBC) was jointly launched on October 22 by the Vietnam Chamber of Commerce and Industry (VCCI) and the EU Chamber of Commerce in Vietnam in Hanoi, in light of the EU-Vietnam Free Trade Agreement (EVFTA) taking effect in August.
Enjoying advantages of tax incentives from the EU-Vietnam Free Trade Agreement (EVFTA), coupled with the removal of the European Commission (EC)'s yellow card, mean that seafood exports to the EU are anticipated to witness robust growth over the next five years, a seminar in the Mekong Delta city of Can Tho heard on October 16.
A virtual conference on trade and investment promotion between Vietnamese and German enterprises was held on October 15.
Though the Government has taken decisive steps to curb the impacts of the COVID-19 pandemic, there are still risks to the economy, economists said at a seminar in Hanoi on October 15.
Vietnam’s Gross Domestic Product (GDP) is projected to grow 6.7% by 2021 and will continue to rank among the leading economies in the Asia-Pacific region in terms of having the highest growth rate, according to the recently published World Economic Outlook by the International Monetary Fund (IMF).
Germany, the United States, and Italy continued to make up the three largest consumers of Vietnamese coffee during the first eight months of the year, with market shares making up 13.2%, 9.1%, and 8% respectively, according to figures released by the General Department of Vietnam Customs.
The national flag carrier Vietnam Airlines said on October 13 that it had lost VND10.75 trillion (US$463.7 million) in the first nine months of this year.
Hanoi recorded considerable achievements during the five years of implementing the resolution of the 16th municipal Party Congress for the 2015-2020 tenure.
Vietnamese Ambassador to Ukraine Nguyen Anh Tuan was accompanied by a delegation from the Vietnamese Embassy during a recent working visit to Cherkasy province in Ukraine, with the trip aimed at exploring the potential for economic co-operation between Cherkasy and Vietnamese localities moving forward.
The US - Vietnam Business Summit took place in Hanoi on October 9, on the occasion of the 25th anniversary of bilateral diplomatic ties.
Local fruit exports to the US are set to enjoy strong grow in both output and value moving towards the end of the year, according to business insiders, largely due to the novel coronavirus (COVID-19) pandemic being brought under control, coupled with the start of the peak season and efforts made by domestic enterprises.
PSNews – The solution “Antispam”, a system developed by Vietnam’s giant Military-Run Industry-Telecom Group (Viettel), won a silver award at the 2020 IT World Awards for its efficiency in blocking spam calls and text messages.
Vietnam and the United Kingdom are accelerating negotiations on a new-generation free trade agreement, which is poised to be finalized by the end of this year, according to a webinar running the theme “Vietnam’s Trade and Economic Future: Opportunities for British and Vietnamese Businesses”.
Hanoi has attracted around US$25 billion in foreign direct investment (FDI) over the last five years, with priority given to quality and sustainable development, figures show.