Containers at Hai Phong Port. — (Photo: enternews.vn)
Hanoi (VNS/VNA) - Five commodities had export valuesexceeded 1 billion USD in August, according to the Ministry of Industry andTrade.
The five commodities included phones and components, garmentand textile and computers and electronic products.
Their corresponding export values in August were 4.4 billionUSD, 2.9 billion USD and 2.5 billion USD, respectively. The figures were up13.9 percent, 1 percent and 0.2 percent month-on-month.
The two other commodities were named as machinery, equipmentand spare parts and footwear, with export values of 1.35 billion USD and 1.4billion USD, up 3.6 percent and down 2.5 percent against last month,respectively.
Export values of the above five commodities totalled 12.55billion USD, contributing up to 60 percent of the country’s total export valuein August.
Over the month, Vietnam’s total export and import turnoverwas estimated at 41.9 billion USD, up 1.5 percent over the previous month.
In particular, exports were estimated at 20.9 billion USD, up2.9 percent over the previous month, while imports were estimated at 21 billionUSD, up 0.2 percent from the previous month.
The total import and export turnover of the country in thefirst eight months was estimated at 308.07 billion USD, up 13 percent over thesame period of 2017. Of which export turnover was 155.4 billion USD, up 14.5percent and import turnover was 152.7 billion USD, up 11.6 percent.-VNS/VNA
Vietnam’s garment-textile export turnover is expected to hit 18.5 billion USD in the second half of 2018, bringing the year’s export value to 35 billion USD, 1 billion USD higher than the target set for the year, heard a press conference in Hanoi on July 30.
Vietnam has exported timber products directly to 120 countries and territories instead of having to go through a transit market like China’s Taiwan, Singapore and the Republic of Korea (RoK) to export to the third country.
Hanoi’s export turnover in July was estimated at 1.32 billion USD, up 2.3 percent against June, and 29.2 percent higher than the same period last year.
Vietnam’s total import-export value in the first eight months of this year reached more than 308 billion USD, a year-on-year rise of 13 percent, according to the General Department of Vietnam Customs.
The Vietnamese booth featured fresh durian, durian ice cream, durian cakes, and other fruits such as dragon fruit and passion fruit, attracting strong interest from Beijing residents and ASEAN diplomats.
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.
Containers at Hai Phong Port. — (Photo: enternews.vn) 
