22 commodities enjoy export turnover of over 1 billion USD in first half
During the first half of 2020, Vietnam reposted 22 commodities with export turnover of over 1 billion USD, making up 86.2 percent of the total, according to the Ministry of Industry and Trade.
Workers at a garment-textile firm in central Thua Thien-Hue province (Photo: VNA)
Hanoi (VNA) – During the first half of2020, Vietnam reported 22 commodities with export turnover of over 1 billionUSD, making up 86.2 percent of the total, according to the Ministry of Industryand Trade.
Mobile phones and spare parts topped the listwith 21.5 billion USD, followed by electronic products, computers andcomponents 19.3 billion USD.
Garment-textile and machinery, equipment andspare parts groups posted 12.8 billion USD and 10.3 billion USD in exportrevenue, respectively.
According to the ministry, in January-June, thecountry’s total export value surpassed 121 billion USD, a year-on-year declineof 1.1 percent.
The domestic economic sector contributed over 41billion USD or 34.1 percent, while the foreign investment sector nearly 80billion USD or 65.9 percent.
The US was the biggest export market of Vietnam in the period with 30.3 billionUSD, up 10.3 percent year on year. China came second with 19.5 billion USD, up17.4 percent, followed by the EU with 16.1 billion USD (down 8.8 percent),ASEAN 11.1 billion USD (down 14.2 percent), Japan 9.4 billion USD (down 2.3percent), and the Republic of Korea 9.3 billion USD (up 2.3 percent)./.
Export turnover in agriculture, forestry, and fisheries in the first half of 2020 was estimated at 18.81 billion USD, a year-on-year decline of 3.4 percent.
A conference discussing measures to fully tap into opportunities brought about by the EU-Vietnam Free Trade Agreement (EVFTA) and support Vietnamese enterprises in promoting post-pandemic development was held in Hanoi on June 29.
Vietnam raked in over 903.8 million USD from exporting electric wires and cables in the first five months of 2020, up 33.7 percent year-on-year, according to statistics of the Ministry of Industry and Trade.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Workers at a garment-textile firm in central Thua Thien-Hue province (Photo: VNA) 
