Vietnam Trade Office in Singapore

The Departments of Agriculture and Rural Development of the Mekong Delta's localities have just informed that from the beginning of the year, aquaculture situation tended to strongly develop thanks to positive signs in export activities. From the beginning of the year, shrimp price has tended to surge creating excitement for farmers in the region. Therefore, more high-tech shrimp farming models have...

Though international organisations continuously downgrad their global growth forecasts for this year, many have maintained their projection that Vietnam’s GDP growth would be the highest in Southeast Asia. The General Statistics Office (GSO) of Vietnam cited the World Bank’s recent report showing that global growth is forecast to slump from 5.7% in 2021 to 2.9% in 2022, a figure which...

Singapore-based United Overseas Bank (UOB) has raised Vietnam’s projected GDP growth this year to 7% thanks to the country’s impressive economic growth recorded in the second quarter of the year. The target would be achievable on the condition that there would be no further COVID-19 inflicted disruptions and its GDP growth for the second half of the year would hover...

There is still room for Vietnamese exports to grow in the Association of Southeast Asian Nations (ASEAN) market, including rice, the country's major export. However, it is necessary for enterprises to review the import demand of each country, pay attention to brand building as well as enhance the competitiveness of Vietnamese rice, experts said. There is still room for...

Vietnam posted 27.88 billion USD worth of agro-forestry-fishery exports in the first half of this year, an annual increase of 13.9%. According to the Ministry of Agriculture and Rural Development, of the total value, the groups of key farm produce and forestry products contributed 11.37 billion USD and 9.1 billion USD, both growing by 8.8% and 3% year-on-year, respectively. Fishery products...

Vietnam enjoyed a trade surplus of 710 million USD in the first six months of 2022, the General Statistics Office (GSO) reported on June 29. According to the office, in the first half of this year, total import-export revenue is estimated to reach 371.17 billion USD, up 16.4% year on year, with imports of 185.94 billion USD, a rise of...

Appropriate policies and regulations are needed to help fully exploit the untapped potential in developing the maritime economy, which plays an essential role in the socio-economic development of Vietnam, according to insiders. One of the challenges of ocean management is how best to promote sustainable development goals within the maritime economy. According to Dr. Ta Dinh Thi, vice chairman of the...

Vietnam’s consumer price index (CPI) in the January – June period rose by 2.44% year-on-year while its core inflation edged up 1.25%, the General Statistics Office (GSO) reported at a press conference on June 29. The CPI was up 2.96% in the second quarter, and 3.37% in June alone, compared to the same periods last year. GSO General Director Nguyen Thi...

Agro-forestry-aquatic exports reached US$27.88 billion in the first half of 2022, a year-on-year increase of 13.9 percent, according to the Ministry of Agriculture and Rural Development. The export value of key farm, forestry and aquatic products hit US$11.37 billion, US$9.1 billion and US$5.8 billion, up 8.8 percent, 3 percent and 40.8 percent, respectively. Livestock production exports hit US$176 million, down 15.9...

The number of newly-established enterprises in the first half of this year set a new record with 76,233 ones, a year-on-year increase of 13.6 percent, the Ministry of Planning and Investment reported Tuesday. The total registered capital of new firms was estimated at VND882,122 billion (or US$38 billion), 1.2 times higher than the average figure recorded during the 2017-2021 period. The...