Rice for export (Illustrative image - Source: VNA)
HCM City (VNA) – The US has been a leading importer of food and agricultural products fromVietnam and the export growth is forecast to reach 11 percent this year, heard aseminar in Ho Chi Minh City on December 7.
According to theMinistry of Industry and Trade, the US is a potential export market of Vietnam withexport turnover increasing over recent years. However, Vietnam’s exportearnings to the US market currently account for only 2 percent of the US’stotal import turnover.
Participants noted thatthe US market’s attraction is posing fiercer competition to Vietnameseexporters in addition to the country’s strict regulations on food safety setout by the US Food and DrugAdministration (FDA) and the FoodSafety Modernisation Act (FSMA).
A representative of Vietnam's Trade Office in the US said the agency willcontinue updating information about the FSMA as well as the US’s economic and tradepolicy on its portal, while providing legal assistance and export-procedureconsultancy, making it easy for Vietnamese exporters to understand more aboutthis market.
It has also assisted businessesof the nations in seeking cooperation opportunities in business, investment andexport-import, while working with ministries and sectors to resolve tradedisputes concerning Vietnam.
Trade ties betweenVietnam and the US have been growing as bilateral relations have witnessedfruitful development in recent years.
The US has remained thelargest importer of Vietnamese products, with Vietnam’s export turnover to themarket hitting 38.45 billion USD last year, and 34.7 billion USD in the first10 months of 2017.
Vietnam currently ranks 16th among the US’ leading trade partners.Bilateral trade grows 20 percent annually and Vietnam has enjoyed a tradesurplus with the US in the past 10 years.-VNA
On the occasion of US President Donald Trump’s tour of Asia, as well as his attendance in the APEC Economic Leaders’ Meeting and State visit to Vietnam, the Vietnam News Agency's resident correspondent in Washington D.C had an interview with David Shear, former US Ambassador to Vietnam and former Assistant Secretary of Defense. Following is the content of the interview.
Since Vietnam and the US established a comprehensive partnership in July 2013, they have gained new and practical achievements in bilateral, regional and multilateral cooperation.
President Tran Dai Quang and President Donald Trump witnessed the signing of cooperation agreements between Vietnam and the US after their talks in Hanoi on November 12.
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&.
Rice for export (Illustrative image - Source: VNA) 
