Vietnam Trade Office in Singapore

The Regional Comprehensive Economic Partnership (RCEP) is opening up an array of opportunities for local enterprises to bolster the export of agricultural products to member countries, according to industry insiders. The nation ranks among the top 15 exporting countries for agro, forestry and fishery products in the world. Vietnamese agricultural products have been exported to over 190 countries and territories globally,...

Foreign financiers anticipate that Vietnam is likely to control inflation at 4% this year. (Illustrative image) Major foreign financial institutions such as IMF, ADB, and AMRO have made different forecasts on Vietnamese inflation this year, although they all anticipate the figure to hover around 4%. The Asian Development Bank (ADB), in its Asian Development Outlook (ADO) for July, lowered its economic...

Vietnam’s total import-export value topped US$403 billion as of July 15, with a trade deficit of around US$1 billion. According to the General Department of Customs, in the period, the country earned US$201 billion from exports, while spending US$202 billion on buying goods from abroad. The trade turnover in 2022 is forecast to exceed US$700 billion, of which exports will approach the US$400...

Vietnam’s economic growth this year can reach up to 6.9% in the best-case scenario, the Central Institute for Economic Management (CIEM) announced during a recent Hanoi workshop to launch a report on Vietnam’s economy. It is close to the government’s projected GDP growth of 7% for 2022. In the best-case scenario, CIEM economists forecast the country’s inflation will average 3.7%, exports...

At the seminar ‘Road map to promote financial inclusion in Vietnam’ organized by the Central Institute for Economic Management (CIEM) on the morning of July 20, Director of CIEM Tran Thi Hong Minh said that Vietnam is lacking specific and convenient financial services at low cost. According to Ms. Minh, the legal framework for promoting financial inclusion in Vietnam is...

Asia is Viet Nam’s largest export market in the first half of 2022 as it purchased US$239.45 billion of goods, representing a year-on-year increase of 16.1 percent, and accounting for 64.5 percent of the country’s total export revenue, according to the General Department of Viet Nam Customs (GDVC). In the latest data, the GDVC announced that in June, Viet Nam’s...

Ho Chi Minh City welcomed the start of the International Exhibition on Electrical Technology and Equipment (Vietnam ETE 2022) and the Exhibition on Products, Technologies of Energy Saving and Green Power (Enertec Expo 2022) on July 20. The trade shows are to help local firms promote the business of energy-saving products and develop new energy sources. Nguyen Thi Kim Ngoc, deputy...

Revenues from Vietnam's information technology (IT) sector in the first six months of 2022 were estimated at US$72.5 billion, up 17.8% year on year, according to the Ministry of Information and Communications. Of the total, revenues from hardware and electronics exports were estimated at US$57 billion, rising 16.4% year on year. Those of computer shipments amounted to US$29.1 billion, up 21.8%, while...

The International Monetary Fund (IMF) estimates that Vietnam's inflation this year will be around 3.9%, below the Vietnamese government's target of 4%. Meanwhile, the country's GDP growth rate is expected to reach 6%. The Hong Kong and Shanghai Banking Corporation (HSBC) forecast Vietnam's inflation rate to reach 3.5% this year, with the country's GDP growth rate at 6.9 %. Furthermore, according...

The Vietnamese economy is facing huge inflationary pressure, requiring appropriate management measures, especially in stepping up the coordination of monetary and fiscal policies and price regulation to stabilise the macroeconomy. During the first half of 2022, the consumer price index (CPI) witnessed rises every month, with the largest gain seen in February due to the Lunar New Year holiday, while...