Vietnam jumped 48 spots to claim the 14th place in the COVID-19 Recovery Index by Nikkei Asia in May 2022. Vietnam is the first country in Southeast Asia to exempt foreign tourists from all testing, vaccination and quarantine requirements.
The relationship between Vietnam and Mozambique has been further deepened in all fields since the two countries established their diplomatic ties in 1975.
Ninety-six years ago on June 21, 1925, the first issue of Thanh nien (Young people) newspaper representing the voice of Vietnamese Revolutionary Youth League founded by President Ho Chi Minh was published, marking the birth of Vietnam’s revolutionary press as the country remained under the yoke of French colonial rule.
Fishery export turnover this May hit the 1-billion-USD benchmark, posting a year-on-year rise of 27 percent and bringing the figure in the first five months of the year to more than 4.6 billion USD, up 42 percent compared to the same period of 2021.
According to forecasts by the International Monetary Fund (IMF), Vietnam will record an economic growth of 6 percent in 2022, among economies with the highest growth rate of the world.
A strategy to 2030 sets sustainable targets with a balanced import-export structure in order to sharpen competitive edge and bolster brand development for Vietnamese products. The idea behind the plan is to raise Vietnam’s position in the global supply chain and serve as momentum for sustainable economic development. The target has been set at an average export growth rate of 6-7% to 2030.
Agro-forestry-fishery exports hit about 23.2 billion USD in the first five months of 2022, posting a year-on-year increase of 16.8 percent. Nine groups of products saw export values of more than 1 billion USD in the period, including coffee, rubber, rice, cashew and vegetables.
As of May 20, 2022, total newly registered and adjusted capital together with capital contributions and share purchases by foreign investors surpassed 11.71 billion USD in the first five months of this year, equivalent to 83.7 percent of the same period last year.
The industrial production index posted a year-on-year rise of 8.3 percent in the first five months of 2022. Manufacturing and processing expanded 9.2 percent and phone components, which are the major industrial products in the reviewed period, surged 21.6 percent against the same period last year.
In the first five months of 2022, the total import and export turnover of goods reached 305.1 billion USD, posting a year-on-year rise of 15.6 percent. The country enjoyed a trade surplus of 516 million USD in the period.
As many as 26 export commodities posted turnover of more than 1 billion USD in the first five months of 2022, accounting for 89.6 percent of Vietnam’s export turnover. Of them, six items enjoyed turnover exceeding 5 billion USD, making up 62.3 percent.
Vietnam has been elected as one of the Vice Presidents of the United Nations (UN) General Assembly’s 77th session, representing the Asia-Pacific region.
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