Vietnam will see great momentum for stronger export growth in the second half of 2018, with its export-import turnover estimated to reach the 500 billion USD benchmark by 2019.
The total state budget revenue reached 651.7 trillion VND (28.7 billion USD) in the first half of this year, equivalent to 49.4 percent of the estimate and up 14.3 percent year-on-year, Deputy Minister of Finance Huynh Quang Hai reported at a meeting in Hanoi on July 18.
Foreign banks in Vietnam have been expanding their transaction networks and increasing their charter capital in a bid to increase market share, especially in the retail banking sector.
Two-way trade value of Vietnam and Malaysia in the January-June period this year expanded 21.15 percent on a yearly basis to more than 5.84 billion USD, according to the Vietnamese trade office in Malaysia.
Amid rising trade barriers, experts have said Vietnamese firms should improve their awareness of trade remedies and appeals processes.
The Ho Chi Minh City Department of Customs held a dialogue with over 150 businesses from the Republic of Korea (RoK) on July 10 with a view to facilitating customs clearance at local ports of entry.
Leaders of major groups and smaller businesses from the Republic of Korea (RoK) will join President Moon Jae-in on his state visit to Singapore this week, the Korea Trade-Investment Promotion Agency (KOTRA) said on July 9.
Measures to support Vietnamese exporters to expand markets amid global economic fluctuations was discussed at a workshop held Hanoi on June 28.
With 15.8 percent growth in the first five months of this year to 93.09 billion USD, achieving export growth target of more than 10 percent for the whole year is feasible.
The Mekong Beauty Show 2018, the second of its kind, returned to Ho Chi Minh City on June 14, attracting over 200 exhibitors from countries and territories with more than 250 booths.
The Thai Government will revive the “Kitchen of the World” campaign with the aim of becoming a major food exporter in the world, expanding food startups and increasing support to Thai restaurants overseas, as the country is striving to raise food exports to contribute more than 6 percent of its GDP.
Deputy Prime Minister Vuong Dinh Hue called on the Chinese side to facilitate customs clearance of Vietnamese agricultural products, including lychees, while addressing an economic forum in Bac Giang province on June 8.
Some lawmakers described economic growth in 2017 and the first months of 2018 as impressive and applauded the Government’s efforts to achieve that outcome while discussing socio-economic issues on May 25.
Experts’ reactions to the Ministry of Finance’s (MoF) tax adjustment draft have been mixed, while the business community struggles to keep up with the variety of proposed tax hikes.
Prime Minister Nguyen Xuan Phuc expressed his hope that Vingroup conglomerate will contribute to the development of the domestic automobile sector with the establishment of its VinFast automobile and electric motorbike manufacturing complex.
Vietnamese special dishes received appraisals from visitors to a culinary and cultural festival in Prague 6 district in the Czech Republic on May 12.
Vietnam recorded a trade surplus of 3.1 billion USD as of April 15, 2018, according to the latest statistics of the General Department of Vietnam Customs.
Vietnam’s fishery sector will gain advantages and export opportunities once the Comprehensive and Progressive Agreement for Trans-Pacific Partnership takes effect.
