The Mekong Delta province of Soc Trang exported close to 850 million USD worth of goods in the first eight months, meeting 85 percent of its yearly plan and increasing 19 percent year-on-year.
Soc Trang (VNA) – The Mekong Delta province of Soc Trang exported close to 850 million USD worth of goods in the first eight months, meeting 85 percent of its yearly plan and increasing 19 percent year-on-year.
According to the provincial Department of Industry and Trade, key export earners with good growth during the period included processed seafood - frozen shrimp and rice products that reeled in 660 million USD and 157 million USD, up 27 percent and over 43.5 percent annually, respectively.
From the beginning of the year, the COVID-19 epidemic has greatly affected the production and business of large enterprises in Soc Trang, particularly those working in seafood farming, processing and export.
Since mid July, the province has applied restrictionmeasures under the Prime Minister’s Decree 16/CT-TTg, resulting in difficultiesin travel and harvest. Firms have been facing human resources and materialsshortage. Most large companies operate at just 50 percent of their capacity.
Local authorities have so far worked to ease suchdifficulties via such activities as giving priority in vaccination for workers atindustrial parks and assisting enterprises to re-organise production in accordance with pandemic prevention measures.
In 2021, Soc Trang strives to push its export turnover toover 1 billion USD./.
The poverty rate in the Mekong Delta province of Soc Trang fell from 17.89 percent in 2016 to 2.66 percent in 2020 thanks to the effectiveness of the National Target Programme on Sustainable Poverty Reduction.
Contractors building eight wind power plants in Soc Trang province have promised to speed up work so that they can begin generating electricity before the end of October.
Cattle breeding has long been the strength of the Mekong Delta province of Soc Trang, contributing to raising the living conditions of many local households, especially those belonging to the Khmer ethnic minority group.
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.