Vietnam's agro-forestry-aquatic product export and import turnover stood at an estimated US$22.6 billion in the first quarter of the year, up 6.3% compared to the same period from last year, according to the Ministry of Agriculture and Rural Development (MARD). In terms of the figure, approximately US$12.8 billion was in exports, a rise of 15.3%, while roughly US$9.8 billion was...

A senior official of the World Bank has reaffirmed the institution’s commitment to supporting Vietnam in realising its goals of becoming a high-income economy by 2045 and reaching net zero emissions by 2050. “We are committed to work with Vietnam as it charts a renewed course towards ambitious development goals,” said WB VP for East Asia and Pacific Manuela V...

Vietnam’s Gross Domestic Product ( GDP ) in the first quarter of this year was estimated to increase 5.03 percent year-on-year, higher than the 4.72 percent growth rate in the same period last year, according to the General Statistics Office (GSO). Vietnam's economy in the first three months of 2022 has seen many positive changes compared to the previous year,...

By utilising various free trade agreement (FTAs) and focusing on advantageous products, the agricultural sector is likely to exceed its export target of US$50 billion set for this year, said Deputy Minister of Agriculture and Rural Development Phung Duc Tien. According to the Ministry of Agriculture and Rural Development, agro-forestry and fishery exports during the initial months of the year...

The first half of March saw Vietnam's overall export turnover reach US$15.32 billion, marking a sharp increase of nearly 76% over the same period from last month, while import turnover hit roughly US$15.23 billion, a rise of 20.3%, according to the General Department of Vietnam Customs. Most notably, the country’s trade surplus hit approximately US$100 million throughout the reviewed period. During...

World Bank (WB) Regional Vice President for East Asia and Pacific Manuela V. Ferro on March 25 concluded her five-day visit to Vietnam. During her first visit to Vietnam, Ferro had a meeting with Prime Minister Pham Minh Chinh, National Assembly Chairman Vuong Dinh Hue, and other senior officials of Vietnam. During the meetings, both sides discussed development priorities and challenges...

Vietnamese carriers are expected to serve 141,600 international passengers in the first quarter of 2022, up 441% over the same period last year, according to the Civil Aviation Authority of Vietnam (CAAV). International cargo transport is forecast to reach 38,000 tonnes, a year-on-year rise of 113.9%. The international passenger throughput of Vietnamese airports is expected to reach 321,000 between January and...

Vietnam’s economy is forecast to grow beyond expectation in 2022 as domestic demand rebounds and foreign direct investment (FDI) inflows remains stable. Most forecasts by foreign investment funds show that Vietnam’s GDP growth is likely to increase by 7.5 percent in 2022. However, it is not too surprising if the economy will grow at a higher rate thanks to strong recovery...

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