Import-Export

Vietnam attracted 25.1 billion USD in foreign investment in the first 11 months of 2022, up 0.5% month-on-month but down 5% year-on-year, the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment has said.

Transition to a green economy and green growth is not only an inevitable option but also an opportunity for Vietnam to become a pioneer in the region and keep up with the global development trend, helping implement the national green growth strategy for 2021 - 2023 and the COP26 commitments.

VCN - The export turnover and import turnover hit US$51.1 billion and US$52.446 billion, respectively.

The global semiconductor and chip race is heating up and Việt Nam should take this opportunity to raise its’s position on the global semiconductor manufacturing map as some leading corporations have invested in semiconductor manufacturing in the country, according to local economists.

Việt Nam’s first batch of pomelos will be exported to the US from southern Bến Tre Province on Monday. Pomelo is the 7th fresh fruit of Việt Nam being allowed to export to the US market.

VCN - Some suggest the Government should loosen barriers to sell pigs across the border to reduce losses to farmers when live hog prices fall below cost.

Vietnam’s fishery export has completely recovered after the COVID-19 pandemic, reeling in 10 billion USD as of November this year, said General Secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP) Truong Dinh Hoe.

There remains potential for Vietnam and the UK to tap the UK-Vietnam Free Trade Agreement (UKVFTA) and expand bilateral trade ties, said Ngo Chung Khanh, Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Multilateral Trade Policy Department.

Vietnam and Laos expect to achieve 2 billion USD in two-way trade in the near future, given that the figure surged 28.2% annually to 1.4 billion USD in ten months of this year, heard a forum held in Vientiane on November 25.

Freighters have even started accepting small orders at low prices in the hope they may be able to pool them together to make a trip worthwhile.