Vietnam Trade Office in Singapore

The herbal medicine industry remains largely untapped despite Việt Nam's many favourable conditions, said industry experts and policymakers. The herbal medicine industry remained largely untapped despite Việt Nam's many favourable conditions, said industry experts and policymakers. According to Prof Phạm Vũ Khánh, former head of the traditional medicine department under the Ministry of Health, close to a third of all...

The Ministry of Information and Communications plans to put an end to 2G services by September 2024 at the latest to pave the way for 5G services. Mobile service providers are requested to deploy solutions to encourage subscribers to use 4G /5G services, striving to reduce the number of 2G subscribers to less than 5 percent by the end of...

In 2022, despite many difficulties, Vietnam has managed to keep the macro-economic stability, with high economic growth, controlled inflation and ensured major balances, as well as political stability and protected security and national sovereignty, and enhanced external relations, Prime Minister Pham Minh Chinh said at the 5th Vietnam Business Forum in Hanoi on December 17. In 2022, despite many difficulties,...

For the first time this year Vietnam’s foreign trade has hit the US$700 billion mark, marking a bright spot in the overall picture of the national economy amid global market volatility. The General Department of Vietnam Customs reported that as of noon on December 15, the country’s import-export value reached US$700.23 billion, a new milestone for foreign trade. This impressive performance...

Two drivers of Việt Nam's economic growth – exports and domestic demand – are moderating, according to a report released by the World Bank (WB) on Wednesday. Việt Nam’s total import-export revenue hit the highest-ever value of US$700 billion as of December, exceeding last year’s record of $600 billion, reported the General Department of Việt Nam Customs. Thirty-two commodities have recorded export turnover...

While Việt Nam’s economy is performing well amid uncertainties in the global economy, risks to the economic outlook have become elevated. ADB raised its forecasts for the country’s economy to grow by 7.5 per cent this year. While Việt Nam’s economy is performing well amid uncertainties in the global economy, risks to the economic outlook have become elevated. ADB raised...

Vietnam Electricity (EVN), the country's largest power company, has proposed a new price mechanism, one that is better tuned to input price fluctuations, for electricity. Vietnam Electricity (EVN), the country's largest power company, has proposed a new price mechanism, one that is better tuned to input price fluctuations, for electricity. According to EVN, electricity is similar to fuel and therefore, should...

Vietnam’s aquatic exports are forecast to hit 11 billion USD in 2022, according to General Secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP) Truong Dinh Hoe. Vietnam’s aquatic exports are forecast to hit 11 billion USD in 2022, according to General Secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP) Truong Dinh Hoe. Shrimps have so...

Despite inflation and difficulties in trade, Việt Nam's coffee exports recorded strong growth, according to experts, who expect a record US$4 billion in export value this year. Despite inflation and difficulties in trade, Việt Nam's coffee exports recorded strong growth, according to experts, who expect a record US$4 billion in export value this year. According to the Ministry of Agriculture and Rural Development (MARD), coffee exports in the first nine months...

The province now has eight key agricultural products; Thiều lychee, chicken, pork, citrus fruit, high-quality rice, vegetable, peanuts and fish. The northern province of Bắc Giang is building trademarks for local farm produce to reach more markets and raise the value of agro-forestry produce exports by 8 per cent a year to US$200 million by 2030, reported the provincial People's Committee. The...