Vietnam’s exports are likely to keep a strong growth in the time ahead, according to the Economist Intelligence Unit (EIU), which is one of the reasons behind the EIU’s positive forecast on the country’s economic outlook in 2014 and 2015.
Vietnam’s exports are likely to keep a strong growth in the time ahead,according to the Economist Intelligence Unit (EIU), which is one of thereasons behind the EIU’s positive forecast on the country’s economicoutlook in 2014 and 2015.
The research and division of TheEconomist Group quoted statistics showing Vietnam posted an annualexport growth rate of 24.1 percent for the period 2010 – 2013; and ayear-on-year increase of 13 percent for the first eight months of 2014.
In addition, the EIU said Vietnam is on its way to realise the goal of trade surplus in 2014, the third year in a row.
The US maintains its place as the top market for Vietnamese exports,buying 18.5 billion USD worth of Vietnam’s goods in first eight monthsof this year, a 22-percent year-on-year increase. It is followed by theEU with 17.5 billion USD, the Association of South East Asian Nations(ASEAN) with 12.4 billion USD) and China with 9.8 billion USD.
In the same period, China continues to be the largest exporter toVietnam with 27.6 billion USD. The EIU said Vietnam is making efforts toreduce its dependence on Chinese supply of materials, noting thatimports from China in the 8-month period grew by only 17 percent, aremarkable drop from the 23 percent rise in the same period last year.-VNA
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
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This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
