Vietnam Trade Office in Singapore

Packaging seafood to export. Photo: T.H Aquatic animal products imported to serve export production and export processing will be exempted from quarantine. According to Vietnam Association of Seafood Exporters and Producers (VASEP), the obstacles of seafood enterprises, such as quarantine applied for seafood importing to serve export processing and production, have been removed. The Ministry of Agriculture and Rural Development issued Circular...

Ea Nam - Dak Lak wind farm in Dak Lak province, in central Vietnam The potential of renewable energy sources, especially wind and solar power, is one of the keys to Vietnam’s energy transformation towards carbon neutrality, but barriers stemming from the unresponsive transmission network and pricing mechanism is wasting the capacity of billions of kWh of electricity, according to...

Vietnamese Prime Minister Pham Minh Chinh and US Secretary of Commerce Gina Raimondo witness the exchange of cooperation documents between EVN and GE Vietnam’s goal of raising renewable power sources to 45 percent of the national power generation capacity by 2030 requires US$14 billion, offering opportunities for both domestic and foreign investors. Major opportunities On June 6, 2022, US President Joe Biden...

A limited supply source of raw materials coupled with slowing market demand has been judged to be the main factor in the recent decline of Vietnamese shrimp export turnover, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). Tran Van Linh, chairman of the Board of Directors of Thuan Phuoc Seafood and Trading Joint Stock Company in Da...

As many as 89,407 enterprises were established in January-July period, an increase of 17.9 percent on year, reported the General Statistics Office. The first registered to invest a total of nearly VND3,336 trillion, up about 37.2 percent compared to the same period last year. The service sector saw the highest number of newly-established enterprises in seven months with 65,700, up 21.7...

Kanni Wignaraja, UN Assistant Secretary-General and UNDP Regional Director for Asia and the Pacific, speaks to Vietnam News Agency (VNA) on July 29. (Photo: VNA) Vietnam needs to develop a strong domestic banking and financial sector that can provide a guaranteed funding base for decarbonising the oil economy, Kanni Wignaraja, UN Assistant Secretary-General and UNDP Regional Director for Asia and...

This goal will contribute to promoting the growth rate of labor productivity in agriculture, forestry and fishery by an average of 7% - 8% per year.  Over 20% of agricultural products to apply high technology by 2025 The application of high technology has brought high economic efficiency to agricultural production. According to the Ministry of Agriculture and Rural Development, to realize the...

The export value of Vietnamese timber and wood products in July stood at an estimated US$1.41 billion, marking a drop of 1.6% from the same period in 2021, and a second consecutive month of decrease this year. The export value of Vietnamese timber and wood products in July stood at an estimated US$1.41 billion, marking a drop of 1.6% from...

FDI disbursement in Vietnam reached 11.57 billion USD in the first seven months of this year, up 10.2% compared to the same period last year and over 1.3 percentage point against the first half of this year. The country raked in 15.41 billion USD in FDI during the period, a year-on-year decline of 7.1%, according to the Foreign Investment Agency...

Standard Chartered forecasts Vietnam's GDP growth to reach 10.8% in the third quarter and 3.9% in the last quarter of 2022, contributing to annual growth of 6.7%. Strong economic recovery will be seen in the latter half of the year, especially since the tourism sector has reopened after two years of restrictions. Economists at the bank also projected the State Bank...