Trade – Investment

The Hanoi People’s Committee has issued a Plan on the Program to develop the supporting industry in Hanoi in 2023.

(CPV) - In 2022, Vietnamese sales partners have sold nearly 10 million products on Amazon’s online stores globally, and the export value of Vietnamese sales partners on Amazon has increased more than 45%.

The Central Highlands province of Kon Tum has set a goal to form a concentrated medicinal herb growing area by 2025, with about 4,500 hectares of Ngoc Linh ginseng; and by 2030 have 25,000 ha of medicinal herbs, including 10,000 ha of Ngoc Linh ginseng.

The US News & World Report’s ranking of the most powerful countries in the world in 2022 has shown that Vietnam ranks 30th with a GDP of 363 billion USD and a population exceeding 98.2 million people.

The Chinese side has announced that it will completely resume the operation of border gates and paths with Vietnam in northern Lao Cai province from January 8, said Ha Duc Thuan, Vice Director of the Management Board of Lao Cai Economic Zone.

People and export goods going through border gates in Mong Cai city, the northern province of Quang Ninh, will no longer have to undergo COVID-19 RT-PCR testing from January 8, according to the city’s administration.

Vietnam’s stock market will bounce back strongly and develop in both quantity and quality in 2023 to remain an effective capital mobilisation channel for the economy, an official has said.

Nearly 4,000 tonnes of cargo were customs-cleared in Hai Yen ward, Mong Cai city, in the northern province of Quang Ninh in the first two days of 2023, according to the management board of Mong Cai International Border Gate.

Three terminal branches of Hai Phong Port JSC in the northern port city of Hai Phong on January 1 welcomed first cargo of 2023.

Although the EU-Vietnam Free Trade Agreement (EVFTA) appears to be a boon for Vietnamese pepper, expanding market reach in Europe requires much more than FTA-induced tariff advantages.

Ho Chi Minh City absorbed about 3.94 billion USD in foreign direct investment (FDI) in 2022, up 5.4% year-on-year, according to the municipal People’s Committee.

This year’s forestry exports are estimated at over 16.9 billion USD, up 6.1% from 2021, according to the Vietnam Administration of Forestry.

Members of the Vietnam Logistics Business Association (VLA) recorded a business growth rate of about 15% this year, contributing to the country’s all-high trade value of 732 billion USD.

Prime Minister Pham Minh Chinh has asked the Minister of Transport and Chairpersons of People’s Committees of the 38 cities and provinces where expressways run through to instruct authorities under their wings to conduct compensation and resettlement in line with legal regulations.

Metfone, the Cambodian affiliate of Vietnam’s telecoms group Viettel, has been accredited as the best internet service provider in Cambodia in 2022 by the UK-based magazine Global Business Outlook (GBO).

In 2022, the total volume of cargo handled at Vietnam's seaports increased by 4% compared to 2021, the lowest growth rate compared to the past few years, even though Vietnam has entered a new situation after the epidemic.

Total state budget collection in 2022 is estimated at 1,784.8 trillion VND, equaling 126.4% of the year estimate and increasing by 13.8% from the previous year, according to the General Statistics Office (GSO).

By the end of November 2022, pangasius exports to the ASEAN market reached 183 million USD, up 87% over the same period last year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Credit growth stood at 12.87% this year as of December 21, said Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu at a recent press conference in Hanoi.

(CPV) - The document of the 13th National Party Congress has set out a dual goal: "Sustainable reduction poverty associated with the encouragement of getting rich reasonably". Thus, successfully implementing such goalis a specific way to realize the aspiration for a prosperous Vietnam.

The 2022 economy saw many positive points, notably the total number of enterprises entering and re-entering the market reached 208,300, up 30.3% against 2021.

The Hai Duong People’s Committee has issued Decision 3564 recognizing products as meeting 3-star standards or more 91 products of 63 entities, being enterprises and cooperatives, cooperative groups and business households in the northern province.

The HCM City Department of Industry and Trade has just announced the list of typical industrial and supporting industry products in 2022. Accordingly, 85 products of 49 enterprises met the voting criteria.

Vietnam’s consumer price index (CPI) in December 2022 decreased by 0.01% compared to the previous month, according to the General Statistics Office (GSO).

(CPV) - In 20 years of establishment and development, with the cooperation and participation of the whole socio-political system in social policy credit implementation, Vietnam Bank for Social Policies (VBSP) has promoted its role as an economic leverage tool for the Government to help the poor, near-poor households and other policy beneficiaries to access policy credit to develop production, create jobs, raise income, improve living conditions, rise out of poverty, contributing to the realization of the goal of "Rich people - strong country - democracy - justice - civilization".

The Association of High Quality Vietnamese Products on December 27 coordinated with relevant units to organize the 2023 Tet (Lunar New Year) Festival in Ho Chi Minh City.

The agro-forestry-fishery export turnover in 2022 posted over 53.2 billion USD, a year-on-year increase of 9.3%, according to the Ministry of Agriculture and Rural Development (MARD).

Foreign investors have invested in 54 provinces and cities across the country in 2022. Ho Chi Minh City topped the country with a total registered investment capital of more than 3.94 billion USD.

Vietnamese shrimp are increasingly popular in Australia’s large supermarket chains, and Asian stores in this country, according to the Vietnam Trade Office in Australia.

Vietnam is the third largest mango supply market for the Republic of Korea (RoK) between January and November 2022, reaching 1,700 tons, worth 7.4 million USD, up 19.1% in volume and 24.8% in value year on year, according to statistics from the Korea International Trade Association (KITA).