Trade promotion programmes improved to boost exports
The Vietrade will enhance supervision over the implementation of trade promotion programmes to improve their efficiency to associations and local agencies in organising trade promotion activities.
Delegates at a conference in Hanoi on April 24 on promoting Vietnam's exports in 2018 (Source: VNA)
Hanoi (VNA) – The Vietnam TradePromotion Agency (Vietrade) will enhance supervision over the implementation oftrade promotion programmes to improve their efficiency and provide training toassociations and local agencies in organising trade promotion activities.
Trade promotion programmes helped generate more than 200 🔴billion USD fromexporting goods and co♓mmodities in 2017, according to Vietrade.
At a conference in Hanoi on April 24 onpromoting Vietnam’s exports in 2018, Vu Ba Phu, Director of Vietrade said in 2017, for the firsttime, Vietnam’s exports surpassed 200 billion USD.
Thecountry earned more than🐷 214 billion USD from exporting goods and commodities,up 21.2 perಌcent compared to 2016.
“Increased export hadsignificantly contributed to growth of Gross Domestic Product,improving trade balance, stabilizing the macro-economy, fostering productionwhile creating jobs and incomes for millions laborers,” Phu said.
“Developing the domestic market was alsoimportant, with trade promotion programmes organised in border, mountainous andremote areas in line with the campaign of Vietnamese prioritizing Vietnamesegoods.”
The national trade promotion programme 𒁏helped export companies to eꦺnter newmarkets of significant potential and expand exports to major markets.
Vietrade’s 2017 statistics showed that exportsto ASEAN markets rose by 24.2 percent, reaching 21.68 billion USD. It saw asurge of 61.5 percent to 35.46 billion USD in China, and a rise of 14.8 percentto 16.8 billion USD in Japan.
At the forum, the delegates were oriented to focus on two keyexport groups, including agro-forestry-fishery with the focus on cocoa andcassava, and industrial products with the focus on garment and textile andsteel products.
Besidesexpanding new markets, exporters were advised to work to improve the quality ofVietnamese goods.
Vietnamearned 55.56 billion USD from exports in the first quarter of this year, a riseof 24.ꦚ8 percent year on year.-VNA
Vietnam’s cement industry saw strong growth in cement exports in the first quarter of this year as many Chinese cement factories shut down due to pollution and power shortages.
Parts exports of the RoK grew at a solid pace in the first quarter of this year on the back of strong demand for electronics parts and petrochemical products, according to Yonhap news agency.
The 2018 Vietnam Trademark Forum in Hanoi on April 20 sought to help Vietnamese firms build trademarks, looking to achieve sustainable exports in the context of intensive global integration.
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&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
Delegates at a conference in Hanoi on April 24 on promoting Vietnam's exports in 2018 (Source: VNA) 
