Cashew industry faces risk of trade deficit
Cashew nuts are one of the exports which have created a large market for Vietnam, however, the industry faces the risk of trade deficit due to higher raw material prices.
Cashews are one of Vietnam's key agricultural exports, earning the country a place in the "Billion-dollar agricultural export Club." For many years, Vietnam has consistently maintained its position as the world's leading exporter of cashew kernels.
The Huong Pagoda Festival welcomes visitors from February 3 to May 1, 2025 (from the 6th day of the first lunar month to the 4th day of the fourth lunar month). This year’s festival marks a significant milestone as the Huong Son Complex, a nationally recognised special relic site, has been officially designated a municipal-level tourist area.
Founded on February 3, 1930, the Communist Party of Vietnam has led the nation for 95 years, shaping its revolutionary path. Now, as the country enters a new era marked by the 14th National Party Congress, the Party remains the vanguard of the working class and a steadfast representative of the people's interests.
Throughout its leadership of the revolution, the Communist Party of Vietnam has upheld many noble traditions, reflecting its core values and ideals.
President Ho Chi Minh, the founder, builder, and trainer of the Communist Party of Vietnam, has left a glorious revolutionary cause and an invaluable legacy, which is Ho Chi Minh’s ideology and a shining example of virtues. His exemplary life, devoted entirely to the cause of national independence, freedom, and the happiness of the people, was centred on the paramount goal of building a transparent and strong ruling Communist Party of Vietnam. This aspiration serves as the nucleus for leading the entire political system. Key elements include political integrity, strengthening grassroots organisations, fostering unity within the Party, implementing self-criticism and criticism, and conducting regular Party inspections and corrections. His teachings continue to provide profound and lasting guidance for current Party-building efforts.
According to the Politburo’s resolution on breakthroughs in science, technology, innovation, and national digital transformation, Vietnam has set ambitious targets for 2030. The country aims to achieve advanced capabilities in science, technology, and innovation across several key fields, ranking among the leading nations in the
upper-middle-income group.
To achieve the goals outlined in Resolution No. 57-NQ/TW, the Government has called on ministries, ministerial-level agencies, government-affiliated bodies, and provincial and municipal People’s Committees to prioritise translating these objectives into concrete actions and implementing various tasks alongside their regular duties in the coming period.
Booking.com, one of the world’s leading online travel platforms, has announced the top 10 domestic destinations most searched by Vietnamese travelers between January 24 and February 9, 2025 - coinciding with the Lunar New Year holiday (Year of the Snake).
Spring is a season when countless flowers bloom in vibrant colours. Son La, Yen Bai, Ha Giang, Lao Cai, and Dien Bien stand out as some of the most breathtaking destinations in northern Vietnam, perfect for travelers seeking
a spring adventure in 2025.
Throughout history, the traditional customs of Vietnamese people during Tet (Lunar New Year) have been preserved and passed down from generation to generation. These include decorating and cleaning the house to welcome Tet, making banh chung and banh tet (traditional sticky rice cakes), worshiping the Kitchen Gods, hosting a year-end feast, and celebrating New Year’s Eve, among others.
The renowned culinary website Taste Atlas has announced its list of the top 100 best dishes in the world for 2024. Notably, pho bo (“beef” pho) is the only representative from Vietnam, ranking 93rd with a rating of 4.44 stars.
On January 9, 2025, Tripadvisor announced the top 25 best destinations in the world. These destinations are part of the "Best of the Best" category under the Travelers' Choice Awards, voted for by users of the travel platform. Vietnam proudly has two cities on the list: Hanoi and Hoi An.
The Hanoi Old Quarter will be vibrant with traditional cultural colours during the event entitled “Tet Viet - Tet Pho” (Vietnamese New Year - Street Festival) programme, organised by the Hoan Kiem Lake and Old Quarter Management Board (Hoan Kiem district, Hanoi). The event, held annually as the Lunar New Year approaches, attracts a large number of both domestic and international tourists.
Vietnam possesses all five essential factors and conditions necessary to develop a modern financial market, paving the way for the establishment of a regional and international financial hubs.
The year 2025 holds special significance as it marks the final year of the 2021-2025 five-year socio-economic development plan. Following the directives of the Government and the Prime Minister, which aim to achieve a high GDP growth rate of 8% in 2025, the Ministry of Industry and Trade has proactively reviewed and raised growth targets in the industrial and trade sectors, setting specific key goals.
In 2024, eight Vietnamese commodities achieved export values exceeding 10 billion USD, contributing to over 69% of the country's total export turnover.
Prime Minister Pham Minh Chinh, his spouse, and a high-ranking Vietnamese delegation attended the 55th World Economic Forum (WEF) Annual Meeting in Davos, and conducted bilateral activities in Switzerland on January 21-22. Over more than half a century, Vietnam-Switzerland relations have flourished across various fields.
A ceremony was held on January 19, 2025, at the Ho Chi Minh Relic Site in the Presidential Palace to announce Decision No. 1712 by the Prime Minister dated December 31, 2024, to officially recognize three cars used by President Ho Chi Minh from 1954 to 1969 as national treasures.
At the invitation of Klaus Schwab, founder and executive chairman of the World Economic Forum (WEF), Prime Minister Pham Minh Chinh, accompanied by his spouse and a high-ranking Vietnamese delegation, will attend the 55th annual WEF meeting in Davos, Switzerland, and conduct bilateral activities in Switzerland on January 21-22. The 55th WEF meeting, themed “Collaboration in the Intelligent Age," will run from January 20-24.
The Lunar New Year 2025 tourism season has seen exceptional growth. Accommodation searches from international tourists for Vietnam have surged by 139%.
At the invitation of Czech Prime Minister Petr Fiala, Prime Minister Pham Minh Chinh pays an official visit to the Czech Republic from January 18 to 20, 2025. The visit coincides with the 75th anniversary of diplomatic relations between Vietnam and the Czech Republic (February 2, 1950 – February 2, 2025). Building on the foundation of 75 years of diplomatic ties, the visit is expected to serve as a catalyst for elevating the traditional friendship and multifaceted cooperation between Vietnam and the Czech Republic.