Vietnam Trade Office in Singapore

A contributor to the CPI hike was higher petrol prices, which went up 36.01 per cent during the period, while gas prices fluctuated in line with changes in the global markets, up 15.35 per cent from a year earlier. The consumer price index (CPI) posted year-on-year growth of 2.89 per cent in the first ten months of 2022 while core inflation...

The Ministry of Industry and Trade (MoIT) will continue to design more plans to effectively implement the campaign of encouraging Vietnamese to prioritise Vietnamese products, while speeding up administrative reform to gain public confidence, according to Deputy Minister Do Thang Hai. Speaking at the launch of the "Identifying Vietnamese goods" programme in 2022 and a festival themed "Pride of...

In October, the country's total export and import value was estimated at $58.27 billion, up 0.1 per cent month on month and 5.7 per cent year on year, the GSO said on October 29. Goods containers are loaded at a terminal of the Saigon Newport Corporation. VNA/VNS Photo HÀ NỘI — Việt Nam posted a trade surplus of US$9.4 billion in the first ten months...

Vietnam is on track to see a trade surplus of 10 billion USD this year despite enduring global market uncertainties and fluctuations, Minister of Industry and Trade Nguyen Hong Dien reported at the ongoing fourth session of the 15th National Assembly last weekend. As of October 20, the country’s total foreign trade turnover stood at an estimated 620 billion USD....

Việt Nam takes the lead and is set to post a 31 per cent growth in gross merchandise value (GMV) from US$23 billion in 2022 to $49 billion in 2025, according to the "e-Conomy SEA 2022" report released by Google, Temasek and Bain & Company on Thursday. The report said Southeast Asia’s top digital economies grew faster than expected in...

Vietnam's food businesses will likely have more opportunities to increase exports thanks to high world demand while leading agricultural-producing countries tend to curb exports. According to Vietnam Construction Securities Joint Stock Company (CSI), the energy crisis and the prolonged conflict between Russia and Ukraine have caused the world to experience a food crisis. On September 30, the International Monetary Fund...

There remains plenty of room to boost import-export activities between Vietnam and Singapore thanks to their geographical proximity and membership of major free trade agreements (FTAs), said Cao Xuan Thang, representative of the Vietnam Trade Office in Singapore. These FTAs include the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Regional Comprehensive Economic Partnership (RCEP). Furthermore, Vietnam and Singapore...

The Ministry of Natural Resources and Environment has proposed a temporary halt on appraisal and approval for the surveying of offshore wind power projects due to a number of legal and technical problems. As of the end of August, the ministry received 55 proposalsabout offshore wind power surveying. Only one proposal was approved which was a wind measurement proposal by...

Given impressive growth in recent times, Vietnam’s foreign trade value in 2022 is expected to exceed US$700 billion. Tran Thanh Hai, Deputy Director of the Agency of Foreign Trade under the Ministry of Industry and Trade (MoIT), discussed these results with the media. Exports continued growing at a double-digit rate, yielding a trade surplus of nearly US$4 billion in the...