Vietnam Trade Office in Singapore

The Asian Development Bank (ADB) has maintained its favourable economic outlook for Vietnam as it forecasts the country's gross domestic product to expand 6.5% in 2022 and 6.7% in 2023, based on the update of its flagship economic report released on September 21. ADB Country Director for Vietnam Andrew Jeffries commented that Vietnam’s economy recovered faster than expected in the...

The first half of this year saw a swift economic rebound as Việt Nam’s pandemic restrictions eased following the adoption of a living-with-COVID strategy and a robust vaccination drive, according to an article published on the website of the International Monetary Fund (IMF), imf.org. Supportive policies such as low interest rates, strong credit growth, and the government’s Programme for Socio-economic...

The Ministry of Industry and Trade (MoIT) has been told to finalise the National Power Development Plan VIII (PDP VIII) for 2021-2030 with a vision to 2045, focusing on reducing coal power plants. According to the Government Office Notice No 277/TB-VPCP on the conclusion of the Government relating to PDP VIII,  the MoIT was asked to review the feasibility of...

Singaporean Deputy Prime Minister Heng Swee Keat visited a WIN store at the New City apartment building in HCM City’s Thủ Đức City on September 15. It is a multi-utility store under the WINLife ecosystem that Masan Group launched recently. Earlier, on the afternoon of the previous day, he visited the Masan Group headquarters. He is on an official visit to Việt...

Vietnam's coffee has been shipped to more than 80 countries and territories, making the country the second biggest exporter in the world, with a market share of 14.2%. Vietnam exported 112,531 tonnes of coffee worth 266 million USD in August, down 4% in volume but up 13% in value, reported the General Department of Vietnam Customs. On an eight-month calculation,...

On September 8, 2022, Minister of Industry and Trade Nguyen Hong Dien had a meeting with Singaporean Minister of Industry and Trade Gan Kim Yong and the second Minister of Finance and Economy of Brunei Dato Amin Liew on the sidelines of the Ministerial Conference under the Indo-Pacific Economic Partnership (IPEF), which was held on 8-9 September 2022 in...

Việt Nam is expected to export between 6.5- 6.7 million tonnes of rice, bringing revenue of US$3.3 billion this year. Deputy Minister of Agriculture and Rural Development Phùng Đức Tiến made the forecast at a regular meeting early this week. According to a report from the Ministry of Agriculture and Rural Development (MARD), in mid-August, Việt Nam cultivated 6.7 million hectares of paddy, down...

The members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) constitute a potential market for the export of tra fish, according to the Việt Nam Association of Seafood Exporters and Producers (Vasep). Vasep’s statistics showed that 13 per cent of the Việt Nam’s total tra fish export in the first seven months of this year, worth US$211.4 million, was consumed...

Moody's Investors Service has upgraded the Government of Việt Nam's long-term issuer and senior unsecured ratings to Ba2 from Ba3 and changed the outlook to stable from positive. Under a report released on Tuesday, Moody’s said: “The upgrade to Ba2 reflects Việt Nam's growing economic strengths relative to peers and greater resilience to external macroeconomic shocks that are indicative of...