Hanoi's five month export-import turnover skyrockets
Hanoi enjoyed a surge in exports-imports in the first five months of this year, signalling the capital city’s strong economic recovery, according to the municipal Statistics Office.
Hanoi (VNA) - Hanoi enjoyed a surge in exports-imports in the first five months of this year, signalling the capital city’s strong economic recovery, according to the municipal Statistics Office.
The city earned over 6.9 million USD from exports, posting a year-on-year surge of 18.8 percent, with the domestic sector accounting for 3.74 million USD and the foreign-invested one nearing 3.17 billion USD, up 18.8 percent and 18.7 percent, respectively.
Garment-textile enjoyed an export value of over 1 billion USD, expanding 39.2 percent, while that of computer, electronics and components valued at 954 million USD, up 20.5 percent.
Meanwhile, import turnover reached 16.4 billion USD, a 20.2 percent increase year-on-year with the domestic sector hitting 13.3 billion USD and the foreign-invested one 3.1 billion USD, up 25.7 percent and 1.4 percent.
As the COVID-19 pandemic has fundamentally been brought under control, Hanoi authorities are working to attract investment, especially FDI. The number of newly-established businesses has been on the rise./.
Under newly-issued plans, Hanoi will be transformed into a globally-connected city and a regional economic hub by 2045, with high living conditions and comprehensive growth.
TripAdvisor, the world-famous US travel website, has announced the 25 most popular destinations in Asia in 2022, of which Hanoi ranked 13th and Da Nang claimed the 21st place.
Hanoi’s consumer price index (CPI) rose by 3.04 percent in the first five months of 2022 against the same period last year, according to the municipal Statistics Office.
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.
At a garment factory (Photo: VNA) 
