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Thailand’s export to Russia fell 43.3% to 585.44 million USD in 2022, reported the Thai Ministry of Commerce’s Department of International Trade on February 21.

Major ASEAN economies should be able to survive volatile market swings in 2023 following similar turmoil last year thanks to the region's strong fundamentals, according to Singapore-based United Overseas Bank (UOB).

The focal task of the diplomatic sector is to serve sustainable and self-reliant national development and to guarantee national interests at the highest possible level, Prime Minister Pham Minh Chinh told the sector’s teleconference on January 10.

Despite many difficulties, import and export activities continued to be a bright spot in economic recovery of Ho Chi Minh City in particular and Vietnam in general, according to experts.

Prime Minister Pham Minh Chinh reaffirmed the importance of maintaining solidarity and promoting internal strength of the Association of Southeast Asian Nations (ASEAN) while addressing the 41st ASEAN Summit in Phnom Penh, Cambodia on November 11.

Vietnam raked in 9.5 billion USD from exporting aquatic products in the first 10 months of this year, up 34% year-on-year.

Fertiliser exports have set a new record, as the nine-month revenue was already 300 million USD higher than last year’s figure, the Dau tu (Vietnam Investment Review) reported.

Though inflation was under control in the past eight months, the economy still poses risk to the consumer price index (CPI) in the remaining months of this year and next year, said Director General of the General Statistics Office of Vietnam (GSO) Nguyen Thi Huong.

Vietnam and the Southeast Asian region have managed to maintain economic stability and growth despite COVID-19 and the Russia-Ukraine conflict, according to experts.

The Vietnam National Petroleum Group ((Petrolimex) is adopting a range of solutions in order to complete production and business targets of the third quarter and the entire year of 2022 in the context of unforeseeable fluctuations in petrol prices.

As cashew exports in the first half of 2022 fell by 9.2% against the same period last year, the Vietnam Cashew Association (VCA) has to adjust down its annual export target to 3.2 billion USD.

The Tourism Authority of Thailand (TAT) is aiming to revitalize the nation’s tourism industry with new strategies and campaigns, targeting 30 million tourists and 2.38 trillion baht in revenue by 2023.

Vietnam’s inflation would be kept around 4% in the second half of the year thanks to many favourable factors, according to experts.

The development of technology and new segments is creating new investment products, giving Vietnamese investors more choices besides traditional channels such as securities, real estate, gold or currency. However, more challenges are emerging, forcing retail investors to be more professional to avoid risks.

Singapore’s economy expanded 4.8% year on year in the second quarter of 2022, led by the manufacturing sector, according to advance estimates released by the country’s Ministry of Trade and Industry (MTI) on July 14.

Enterprises of Vietnam have been recommended to diversify markets, including nearby countries, to promote exports, which are bouncing back strongly but also facing certain headwinds.

The Vietnam Oil and Gas Group (PetroVietnam) pumped 5.48 million tonnes of crude oil in the first six months of this year, surpassing the set target by 23 percent.

Vietnam’s tra fish export increased by 83.2% in the first half of this year, the highest growth rate among fishery products, the latest data by the Vietnam Association of Seafood Exporters and Producers (VASEP) showed.

The Singapore-based United Overseas Bank has maintained its forecast for Vietnam’s GDP growth at 6.5 percent and core inflation rate at 3.7 percent of core inflation rate in 2022, but predicted that inflation may reach 5 percent in 2023 due to multiple risks and challenges.

The Singapore-based United Overseas Bank (UOB) has maintained its forecast for Vietnam’s GDP growth at 6.5 percent and core inflation rate at 3.7 percent of core inflation rate in 2022, but predicted that inflation may reach 5 percent in 2023 due to multiple risks and challenges.