Vietnam's footwear exports brought home 11.27 billion USD from the start of the year to July 15, a year-on-year surge of 28.36 percent, according to the General Department of Vietnam Customs.
Export revenue of the garment and textile sector surged 21.2 percent year on year in the first five months of 2021 to about 15.2 billion USD, according to the Vietnam Textile and Apparel Association (VITAS).
The new Argentinian Ambassador to Vietnam, Luis Pablo Maria Beltramino, has affirmed his country’s willingness to upgrade its relations with Vietnam to a strategic partnership, especially when the two sides are preparing to mark the 50th founding anniversary of their diplomatic ties in 2023.
Industrial and trading activities of Vietnam have sustained their growth trend although the COVID-19 resurgence has hit some provinces and cities with large industrial parks, Deputy Minister of Industry and Trade Do Thang Hai said on June 17.
Vietnam-Laos trade expanded in the first five months of 2021 after a decline triggered by COVID-19, according to the Vietnamese Trade Office in Laos.
Despite the complex developments of the COVID-19 pandemic, Vietnam’s overall macro-economy remains stable, with encouraging growth seen in industries and a low rise of average consumer price index (CPI).
A webinar on the role of the private economic sector and experience in foreign investment management of Vietnam in Doi Moi (renewal) process took place in Venezuela on June 9.
The consumer price index (CPI) in Ho Chi Minh City inched up 0.001 percent in April against March, according to the city’s Statistics Office.
Vietnam’s consumer price index (CPI) in April was down 0.04 percent against the previous month while up 2.7 percent year on year, according to the General Statistics Office (GSO).
The Embassy of Vietnam in Venezuela and Colombia recently held a webinar on promoting cooperation in trade, investment and tourism between Vietnam and Colombia.
Almost 5 billion USD worth of Vietnamese goods exported to the EU has benefited from preferential tariffs under the EU-Vietnam Free Trade Agreement (EVFTA), according to the Ministry of Industry and Trade (MoIT).
Several of Vietnam’s key export sectors, such as textile-garment, leather-footwear, and electronics have become magnets for merger and acquisition (M&As) activities, posing a risk of leading enterprises in those sectors being purchased by foreign investors.
Industry was the fastest growing sector and the largest contributor to Vietnam’s export revenue over the last decade, making up roughly 30 percent of the annual GDP, Minister of Industry and Trade Tran Tuan Anh told the on-going 13th National Party Congress on January 28 morning.
Though COVID-19 has sent the global economy into one of its worst recessions ever, Vietnam posted GDP growth of 2.91 percent in 2020 thanks to its solid control of outbreaks and timely support to both enterprises and local people.
Vietnam’s textile and garment exports is set to fall 15 percent to 34 billion USD this year, the first drop in 25 years, over Covid-19 impacts. With the Covid-19 situation remains serious in the U.S. and some European countries, exports to these markets will continue to face difficulties due to a shortage of orders, the Ministry of Industry and Trade said in a recent report.
The sixth National Party Congress, which took place in December 1986, was a significant milestone thanks to the introduction of Doi Moi (renewal) process.
After the liberation of the South and reunification of the nation, the Communist Party of Vietnam led the country to overcome war aftermaths and restore the economy.