Vietnam shipped overseas 130.94 billion USD worth of goods in the first five months of 2021, up 30.7 percent annually, according to the General Statistics Office (GSO).
Hanoi (VNA)- Vietnam shipped overseas 130.94 billion USDworth of goods in the first five months of 2021, up 30.7 percent annually, according to the General StatisticsOffice (GSO).
Of the sum, thedomestic sector contributed 33.06 billion USD and the FDI sector (includingcrude oil) 97.88 billion USD, increasing 16.6 and 36.3 percent year on year,respectively.
During theperiod, 22 products recorded an export value of over 1 billion USD each andtogether they accounted for 87.3 percent of the nation’s total export.
The export of thegroup of heavy industrial goods and minerals reeled in about 70.7 billion USD,up 33 percent from the same period last year. It was followed by the groups of light industrial goods andhandicrafts at 47.32 billion USD (up 33 percent) and of agricultural andforestry products at 9.69 billion USD (up 13.5 percent). The group of aquaticproducts posted 3.24 billion in export revenue, an annual increase of12 percent.
The US remainedthe biggest export market of Vietnam, spending 37.6 billion USD on imports fromthe Southeast Asian country, an year-on-year rise of 49.8 percent. China came second with 20.1 billionUSD, up 26 percent. The EU and ASEAN followed with 16.1 billion USDand 11.5 billion USD, increasing by 20.8 and 23.7 percent.
In May alone, Vietnam’sexports valued at 26 billion USD, down 2.1 percent over the previous month and up 35.6 percent from the same period last year.
Meanwhile, thecountry’s import in the five-month period hit 131.31 billion USD, an annualgrowth of 36.4 percent, with China named Vietnam’s biggest import market./.
Vietnam posted solid export performance in the first quarter of 2021, and at such a growth speed, its export turnover is likely to hit 600 billion USD for the whole year, experts have said.
The Vietnam Trade Office in Australia has worked with local farm produce importers to sell some 100 tonnes of Vietnamese “thieu” lychees in southern and western states.
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.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
Processing fresh lychees for export (Photo: VNA) 
