Cashew nut export sees positive growth over five-month period
Vietnam exported 219,000 tonnes of cashew nuts worth US$1.28 billion during the first five months of the year, increasing by 8.0% in volume and 5.5% in value compared to the same period last year, according to the General Department of Vietnam Customs.
HCMC’s Jan-May credit growth lower than nation’s average
HCMC – HCMC saw January-May credit expanding a slight 2.43% compared to late last year, below the nation’s average of 3.17%, according to the HCMC branch of the State Bank of Vietnam. After experiencing a significant improvement of 1.37% in March, credit expansion lost momentum in the subsequent
Australia Trade Minister Heads to Europe Aiming to Seal EU-FTA
Australia’s Trade Minister Don Farrell will head to Brussels this weekend for the final rounds of negotiations on a free trade agreement with the European Union, which both sides signaled may be completed by the end of the European summer.
Industrial production in 49 provinces improves in Jan-May
HCMC – The index of industrial production (IIP) in Vietnam improved in 49 out of the nation’s 63 centrally-governed provinces and cities in January-May, according to the General Statistics Office (GSO). However, overall, the IIP declined by 2% year-on-year during this time. The GSO attributed the
Investors in 65 renewable energy projects seek pricing talks with EVN
HCMC – Investors in 65 out of the total 85 renewable energy transition projects, with a combined capacity of 3,640 MW, have written to Vietnam Electricity Group (EVN) proposing pricing negotiations before purchase agreements are reached, according to the Ministry of Industry and Trade. Of these
RCEP enters into full force, to inject fresh vitality to world economy
The Regional Comprehensive Economic Partnership (RCEP) entered into force in the Philippines on Friday, signifying that the pact is now effective for all 15 members, a new stage of full implementation for the free trade area with the largest population, largest economic and trade volume in the
Slower-than-expected global recovery hurt exports
Slow recovery in global demands for consumption and waning production at home are expected to continue making it difficult for Vietnam to swell exports this year.
Vietnam’s exports to hit US$618 billion by 2030 at 7 per cent annual growth
Vietnam will be a key driver of global trade growth, with its exports projected to reach US$618 billion by 2030, an annual growth rate of 7 per cent, outpacing the global average of 5 per cent by a significant 2 percentage points.
‘We’re not going back’: The U.S. and Europe are entering a new trade era
The dramatic shift means that issues like climate and tech will grow more intertwined with trade.
Vietnamese lychee, longan eye bigger market share in Singapore
The Vietnamese Trade Office in Singapore is working to promote the export of Vietnamese fruits, particularly longan and lychee, to Singapore.
Coconut exports to be worth $1B this year
Vietnam will earn US$1 billion from exports of fresh coconuts and products made from them this year, up from $900 million last year, the Vietnam Coconut Association has said.
Vietnam to diversify rice export markets
Vietnam will develop and diversify rice export markets with a reasonable, stable, and effective scale, market and product structure under a strategy recently approved by the Prime Minister.