Vietnam’s economic growth in the first quarter of 2022 was consolidated thanks to the solid performance of export-oriented manufacturing and recovering service sector, according to the Vietnam Macro Monitoring report recently released by World Bank. The country’s GDP grew by 5.0 percent year-on-year in Q1-2022, comparable to the growth rate in Q4-2021, yet still two percentage points below pre-pandemic rates. Industry...

Deputy Prime Minister Le Van Thanh recently took part in an conference with localities regarding the completion of the National Power Development Plan for the 2021 - 2030 period, with a vision to 2045 (PDP VIII). According to the Government Office’s announcement of the Deputy PM's conclusion at the conference, participants reached a consensus that the total capacity of power...

Two major seafood firms have reported a surge in revenue in the first quarter thanks to surging prices and recovering demand. Vinh Hoan Corporation, the largest listed seafood company, posted revenues of VND3.2 trillion ($139.4 million) in the first three months of this year, up 80 percent year-on-year. Pangasius has become its main export earner, with sales of this fish...

Retail and consumer service revenues enjoyed good growth in the first quarter of 2022, rising 4.4 percent from the same period last year to 1,318 trillion VND (57.55 billion USD), according to the General Statistics Office (GSO). Retail revenue alone picked up 5.8 percent year on year, with many domestic retailers posting positive signs in their business. Mobile World Investment Corporation...

Ngoc Linh Ginseng Fair will be held at Tu Mo Rong District’s square in the Central Highlands province of Kon Tum on April 24-26, announced the People’s Committee of Tu Mo Rong District at a press conference on April 15. The event will include activities, such as a fair of the Ngoc Linh ginseng, a forum on Ngoc Linh Ggnseng...

The latest draft National Power Development Plan for the 2021 - 2030 period, with a vision to 2045 has made drastic reduction of CO2 emissions with no new coal-fired power plants to be built in the planning period, and with the switch from coal and natural gas to biomass, ammonia, and hydrogen. In a report at a virtual conference with localities...

Meta’s survey shows that small and medium enterprises in Vietnam are affected by the new COVID-19 strain, but optimistic signals are revealed. As many as 20% of businesses globally closed, 3% higher than July 2021. The data is from Meta's survey of the situation of small and medium-sized enterprises (SMEs) across 30 countries and territories in January 2022. According to the...

The first quarter of the year saw the export turnover of timber and wood products reach an estimated US$3.94 billion, a year-on-year rise of 3%, according to the Import-Export Department under the Ministry of Industry and Trade. Amid difficulties caused by the complicated development of the COVID-19 pandemic and the ongoing Russia-Ukraine conflict, Vietnamese imports and exports were still able...

The total volume of railway goods traded between Vietnam and China in the first quarter of this year has seen an increase of 34.1 percent over the same period of 2021. According to China Railway Nanning Group, as many as 98 international trains operated between Vietnam and China, transporting a total of 2,940 twenty-foot equivalent units (TEUs) of cargo, up...

ADK Manufacturing and Trading Co.Ltd is an operating company in the field of production and trade, in which exporting agricultural products is the company’s strength. With the motto of bringing the best quality products, competitive prices in the market, along with enthusiastic customer care and support services, our valued customers are satisfied with our services Our market countries are USA,...