Exports are on the rise, with trade surplus
After a two-month trade deficit, the economy is expected to witness high export turnover this year thanks to buoyancy in export-oriented manufacturing fuelled by multilateral trade pacts.
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After a two-month trade deficit, the economy is expected to witness high export turnover this year thanks to buoyancy in export-oriented manufacturing fuelled by multilateral trade pacts.
The construction of the Van Don-Mong Cai expressway in the northern province of Quang Ninh has been scheduled to begin in early April, the provincial authorities said on March 20.
Deputy Minister of Trade and Commerce Dang Hoang An had a working session on March 19 with Ninh Binh authority to discuss way to tackle African swine fever.
Gia Thuy commune, Nho Quan district, in northern Ninh Binh province, is home to the famous nearly 60-year-old pottery village, which has been preserving traditional cultural values well while helping its local people to earn incomes as well.
The UN Food and Agriculture Organisation (FAO) and World Organisation for Animal Health (OIE) have said they are willing to help Vietnam deal with the outbreak of African swine fever (ASF).
The northern province of Ninh Binh earned an estimated of 351 million USD from exports in the first two months of this year, up 64.7 percent year-on-year, according the provincial Statistics Office.
n 2018, despite enormous competition pressure from markets around the world, Vietnam's agricultural export turnover still rose strongly, reaching a record of over US$40 billion.
As of February 20, foreign investors have poured 8.47 billion USD into Vietnam, 2.5 times higher than the same period last year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
The Ninh Binh province's index of industrial production (IIP) in January rose significantly by 22.9 per cent against the same month last year, according to the Department Statistics Office.
In 2019, the Ministry of Transport plans to start the construction of 16 traffic projects with a total investment of about VND26 trillion (US$1.1 billion).
The total turnover of Vietnam's import-exports is expected to reach US$500 billion this year, according to the General Department of Vietnam Customs.
Vietnam's shrimp exports are expected to increase to more than 4 billion USD in 2019 thanks to free trade agreements, said the Vietnam Association of Seafood Exporters and Producers (VASEP).
The Vietnam Textile and Apparel Association (VITAS) has set the industry's export turnover target this year at 40 billion USD, a 10.8 percent year-on-year increase from 2018.
Foreign direct investment (FDI) pledged in Vietnam witnessed a significant yearly increase of 52 per cent to US$1.9 billion in the first month of this year, according to the Ministry of Planning and Investment.
Viet Nam was ranked 60th most innovative economies in the world by the 2019 Bloomberg Innovation Index.
E-commerce and digital technology are creating great opportunities for Vietnamese businesses to enter the world market and participate in the global value chain as Industrial Revolution 4.0 is changing business and production models in a dramatic way.
Last year Vietnam achieved a GDP growth of 7.08%, exceeding the target set by the National Assembly. More particularly, export revenue posted an impressive result, bringing Vietnam into the company of the world's leading exporters.
The construction of two more solar power plants was inaugurated in the central province of Phu Yen on January 8th by the Phu Khanh Solar Power Company.
The expanded export market and revenues hitting record high with US$40.02 billion, and the promotion of domestic consumption are the bright spots of Vietnam's agricultural sector throughout 2018, which witnessed the highest agricultural growth rate over the past seven years.
The application of various stimulus measures in developing enterprises' production and trade allowed the northern province of Ninh Binh's export activity to enjoy robust growth with sharp rises in terms of turnover and market in 2018.
Budget collection of the northern province of Ninh Binh in 2018 is estimated at over 12.7 trillion VND (547 million USD), marking the highest level recorded after the province re-established and a new record high in the 3rd consecutive year.
The Vietnamese economy grew by 7.08% in 2018, the fastest rate in the past 11 years and beating the target of 6.7%, the General Statistics Office (GSO) has announced.
Vietnam attracted 35.46 billion USD in total foreign direct investment (FDI) in 2018, equivalent to 98.8 percent of the previous year's figure.
GDP growth rate is likely to reach a decade high of 6.9 - 7 percent in 2018 and maintain the pace of 7 percent next year, according to the National Financial Supervision Committee (NFSC).
Vietnam had the world's second highest score in the consumer confidence index in the third quarter of 2018, according to the latest data of the Conference Board Global Consumer Confidence Survey and Nielsen announced on December 18.