Vietnam’s diplomatic sector overcame numerous challenges throughout 2020 to create, grasp and optimise new cooperation opportunities, thus contributing to the country’s progress towards development, stated Deputy Prime Minister and Foreign Minister Pham Binh Minh.
Experts have been optimistic about Vietnam’s economic growth in 2021 based on the latest situation, as well as the sound decisions and policies adopted by the Party and Government.
Vietnam’s import-export turnover is likely to surpass 500 billion USD in 2019 despite declining demand in the world market.
Export revenue in 2020 is estimated to reach 267 billion USD while imports are to reach 260 billion USD, resulting in a trade surplus of some 7 billion USD. Experts said 2020 has been a tough year for all economic sectors, but foreign trade has been profitable.
The Regional Comprehensive Economic Partnership (known as the RCEP), which was signed on November 15, is the largest free trade agreement in the world. While offering substantial opportunities to Vietnamese exporters, it will also make the competitive landscape even fiercer, both at home and abroad.
Vietnam posted a record trade surplus of 20.1 billion USD in the first 11 months of this year despite the adverse impacts of the COVID-19 pandemic on the global economy, according to the General Statistics Office.
Bac Giang province has worked with the Plant Protection Department at the Ministry of Agriculture and Rural Development and exporting enterprises to prepare documents, conduct surveys, and issue codes for a planting area of 50 hectares of “thieu” litchi, for export to Japan.
Vietnam posted a trade surplus of 20.1 billion USD in the first 11 months of this year, the highest on record, despite the adverse impacts of the COVID-19 pandemic on the global economy.
Vietnam is situated within the most dynamic maritime transport network in the world. With a coastline of over 3,200 km, the country boasts huge potential for the development of sea transport and other maritime services.
The industry and trade sector is exerting all-out efforts to achieve the target of 300 billion USD in export turnover this year in the context that the COVID-19 pandemic is seriously affecting global trade.
Five commodities record export values of over 10 billion USD in the first nine months of 2020.
The congress of the Party organisation of Bac Ninh province approved a resolution on socio-economic development for 2020-2025 on September 26, which sets a target of turning the northern province of Bac Ninh into a centrally-run city.
In 2011, leaders of Vietnam and Germany signed the Hanoi Joint Declaration, upgrading bilateral relations to a strategic partnership, creating a new impetus to promote cooperation between the two countries.
Since the Democratic Republic of Vietnam was established on September 2, 1945, the country has risen from a zero-budget nation, which had to call for contributions from citizens, to a middle-income country with a dynamic economy.
Ho Chi Minh City is expected to reach 10 out of 13 key targets despite difficulties and challenges both domestically and internationally. One outstanding result is that the proportion of the city’s economy in the national economy continues to rise and now accounts for more than 22%.
The export turnover of agriculture, forestry and aquaculture in the first seven months of 2020 was estimated at 22.3 billion USD, a decrease of 2.8 percent year-on-year.
Son La province looks to consume 70,000 tonnes of longans in 2020, including 57,000 tonnes for domestic consumption and 7,900 tonnes for exports.
War veterans from Vietnam and the US get together on Ham Rong Bridge, Thanh Hoa province in celebration of the 25th anniversary of diplomatic relations normalisation.
The sixth National Party Congress, which took place in December 1986, was a significant milestone thanks to the introduction of Doi Moi (renewal) process.