Vietnam Trade Office in Singapore

The International Monetary Fund (IMF) has predicted that with the country’s ongoing strong economic recovery, the Vietnamese economy is likely to reach real GDP growth rates of 6% this year before rising to 7.2% in 2023. This projection was made in a press release on July 5 following the recent annual consultation between the IMF Executive Board and the Vietnamese...

Vietnam is expanding the export of its high-quality rice with the aim to increase the export value and improve farmers’ income. According to the Vietnam Food Association (VFA), the export price of Vietnam’s 5% broken rice is higher than that of Thailand, India and Pakistan. Specifically, each tonne of this kind of rice is sold for US$418, US$8 higher than that...

The Hong Kong and Shanghai Banking Corporation (HSBC) has lifted Vietnam’s GDP growth forecast this year to 6.9% from its previous prediction of 6.6% on the back of strong economic recovery coupled with rising domestic consumption demand. The bank outlined in its latest “Vietnam At A Glance” report for July that the local economy continued to rebound, with its GDP...

Vietnam’s aquatic exports spiked 40% year-on-year to reach nearly 5.8 billion USD in the first half of 2022, the Vietnamese Association of Seafood Exporters and Producers (VASEP) has reported. The country earned more than 3.2 billion USD from aquatic exports in the second quarter of 2022, an increase of 36% from the same period last year. According to VASEP, shipments of...

Vietnam aims to replant or transplant about 107,000ha of coffee in the 2021 – 2025 period, according to the Ministry of Agriculture and Rural Development (MARD). According to a project approved recently by the ministry, the productivity is expected to rise to 3.5 tonnes of coffee bean per ha, with an income 1.5-2 times higher than before, the ministry said. The...

Vietnam’s economic growth accelerated faster than expected in the second quarter of this year, as a recovery in exports and manufacturing helped offset risks from coronavirus outbreaks and rising oil prices, Bloomberg reported. he US-based news agency cited data from the General Statistics Office of Vietnam (GSO) saying the Vietnamese economy expanded 7.72% year-on-year in the April-June period, compared to...

The nation continues to be "named" in the list of major global production facilities, with six-month export turnover reaching US$185.94 billion, marking a year-on-year rise of 17.3% and a trade surplus of more than US$ 700 million. Numerous export items see strong growth Despite suffering the negative impacts of the COVID-19 pandemic, the Russia-Ukraine conflict that pushed the prices of raw...

Vietnam is one of the world's 15 leading agricultural exporters. The country's agro-forestry-fishery products have reached 196 countries and territories, including many Halal markets. Vietnam has a geographical advantage as 62% of the world's Muslim population lives in Asia. Since many Vietnamese agro-products have met food safety and Halal standards, they've become popular among Muslim customers. These markets will continue to hold...

Vietnamese fish sauce needs to improve the food hygiene and safety as well as diversify products to expand exports. The Vietnamese fish sauce industry needs to improve food hygiene and safety and diversify products to expand exports. According to Deputy Minister of Agriculture and Rural Development Phùng Đức Tiến, just a modest amount of fish sauce was exported, around 12.6 per...

Many manufacturers in the global supply chain of major firms are gradually focusing on Việt Nam. In particular, Apple has moved 11 factories of Taiwanese enterprises in its supply chain to Việt Nam. Many other firms such as Foxconn, Luxshare, Pegatron, and Wistron are also expanding their production facilities in Việt Nam. This information was shared at a conference on the situation...