Vietnam's economy overview in January 2023

The Cao Phong orange from the northern province of Hoa Binh is now officially put up for sale in the UK, marking the return of this specialty to the global market after over 40 years.

Total import-export revenue in the first two months of this year is estimated at 96.06 billion USD, down 13.2% year-on-year, with Vietnam posting a trade surplus of 2.82 billion USD, the General Statistics Office (GSO) has reported.

Vietnam targets becoming a developed, high-income country with an equal, democratic, and civilised society by 2050 under the national master plan for 2021-2030 with a vision to 2050. The country will strive for annual GDP growth of 6.5-7.5% between 2031 and 2050, along with per capita GDP of 27,000-32,000 USD and an urbanisation rate of 70-75% by 2050.

Vietnam’s garment-textile sector strives to achieve a total export value of 68-70 billion USD, according to the development strategy for the apparel and footwear industry to 2030, with a vision to 2035.

The first “Dien” pomelos from the northern province of Hoa Binh appeared on the shelves of Longdan supermarkets in the UK on February 9 and have been warmly welcomed by the local Vietnamese community and UK consumers.