The inadequate supply has left the Ministry of Industry and Trade (MOIT) with no choice but to call for bidders for the additional import quotas of 200,000 tonnes.

Vietnam’s aquatic products are expected to earn about a record 11 billion USD from export this year, up 23.8% annually and 22% compared to the plan, said Deputy Minister of Agriculture and Rural Development Phung Duc Tien.

Most Japanese enterprises are operating successfully in Binh Duong province, contributing to the local development, Nguyen Van Loi, Secretary of the provincial Party Committee, has said.

Credit growth reached about 13% this year as of December 27, Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu told a press conference in Hanoi on tasks for the banking sector next year.

The Ministry of Industry and Trade (MoIT) on December 27 organised a conference to review the implementation of the EU-Vietnam Free Trade Agreement (EVFTA) over the last two years.

The agro-forestry-fishery export turnover in 2022 posted a new record, hitting over 53.2 billion USD in 2022, a year-on-year increase of 9.3%, according to the Ministry of Agriculture and Rural Development (MARD).

Over the past years, free trade agreements (FTAs) have proved effective in promoting Vietnam’s exports.

More than 10,000 agricultural and other speciality products from across the country are being sold at the “Tết Xanh quà Việt – Xuân Qúy Mão 2023” festival, which opened in HCM City on December 27.

Faster-than-expected GDP growth, the upgrade of Vietnam’s credit ratings, and big fluctuations in the corporate bond market are among notable events of the Vietnamese economy in 2022.

Vietnam attracted a total of 27.72 billion USD in foreign direct investment (FDI) as of December 20, equal to 89% of the figure of the same period last year, according to the Ministry of Planning and Investment.

International organisations have forecast that the total amount of remittances to Vietnam may increase by 4.4% in 2022 and 3.6-4.5% the following year.

With the Lunar New Year (Tết) around the corner, retailers are scrambling to stockpile goods to meet the imminent surge in demand.

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,624 VND/USD on December 27, down 2 VND from the previous day.

With directions from the Prime Minister, and relevant ministries and sectors, the Committee for Management of State Capital at Enterprises (CMSC) has solved difficulties in MoIT's delayed and loss-making projects. 

Tax revenue from e-commerce activities has increased gradually over the years, but is still modest compared to the actual development of this activity.

Vietnam and the Czech Republic have complementary economic structures, so both sides will benefit from stronger bilateral cooperation, said Vietnamese Trade Counselor in the European nation Nguyen Thi Hong Thuy.

The consumer outlook report from VNDirect Securities Corporation shows that the pent-up consumption trend during the pandemic is gradually decreasing in the context of rising interest rates and a weakening Vietnamese dong making consumers tighten their purse strings.

Foreign experts have dubbed the Vietnamese economy as a miracle in Asia and a bright spot of economic growth in Asia-Pacific as a result of the Vietnamese Government’s sound and effective economic management policies.

Vietnam exported 1,700 tonnes of mango to the Republic of Korea (RoK) for 7.4 million USD over the past 11 months of 2022, up 19% in volume and 25% in value year-on-year, according to the Agency for Foreign Trade under the Ministry of Industry and Trade.