In the first four months of this year, the US continued to be the biggest importer of Vietnamese goods, buying 4.42 billion USD worth of garment-textile, up 9.1 percent year-on-year. (Photo: VNA)
Hanoi (VNA) - Vietnam was one of the fastest-growing importsources of the US in Asia in the first quarter of 2019, according to Bloomberg.
The Southeast Asian country could leapfrog Italy, France, the UKand India to rank seventh in the top exporters to the US if its pace of growthcan be sustained for a full year, Bloomberg said, forecasting Vietnam’s exportsto the US could hit nearly 69 billion USD this year.
It citeddata from the US Census Bureau which showed that imports from Vietnam jumped40.2 percent year-on-year in the first three months of 2019.
Vietnamhas become a standout in a region where the world’s export engines are heavilyhurting amid the trade-war tensions between China and the US, and a slowingelectronics cycle, according to Bloomberg.
Exportsof Japan, the Republic of Korea, Singapore, and Taiwan all saw declines in April,while in the same month Vietnam’s exports gained 7.5 percent from a yearearlier.
Bloombergsaid Vietnam offers low-cost labor and an improving business climate alongsideboasting one of the fastest growth ratesin the world.
According tothe General Department of Vietnam Customs, in the first four months of thisyear, the US continued to be the biggest importer of Vietnamese goods, buying4.42 billion USD worth of garment-textile, up 9.1 percent year-on-year; 2billion USD worth of footwear, up 13.5 percent; 1.3 billion USD worth of machinery,equipment, and spare parts, up 54 percent; and 1.42 billion USD worth of woodand timber products, up 34.7 percent.-VNA
Vietnam and the US reiterated their commitments to deepening cooperation in energy security during their second energy security dialogue in Washington D.C on April 12.
The US Consulate General in Ho Chi Minh City on April 18 held a workshop on boosting Vietnam-US cooperation in airport infrastructure development in Vietnam, gathering 80 representatives of the public and private sectors of both nations.
A seminar to promote exchange and cooperation among sectors, enterprises, and organisations of Vietnam and the US was held in Hanoi on May 23 by the Vietnam-US Society under the Vietnam Union of Friendship Organisations (VUFO).
Deputy Prime Minister and Foreign Minister Pham Binh Minh had meetings with several US officials in Washington DC on May 23 as part of his official visit to the North American nation.
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.
In the first four months of this year, the US continued to be the biggest importer of Vietnamese goods, buying 4.42 billion USD worth of garment-textile, up 9.1 percent year-on-year. (Photo: VNA) 
