Vietnam earned more than 3.7 billion USD from exports to Thailand as of August 2018, up 21 percent year on year, higher than the country’s average of 16.7 percent, according to the General Statistics Office.
Hanoi (VNA) – Vietnam earned more than 3.7billion USD from exports to Thailand as of August 2018, up 21 percent year onyear, higher than the country’s average of 16.7 percent, according to theGeneral Statistics Office.
Of the figure, mobile phones and spare parts brought homethe most with 996 million USD. Other goods earning 100 million USD and aboveincluded crude oil, electronics and accessories, and transportation vehicles.
During the period, Vietnam spent over 7.5 billion USD onimports from Thailand, up 14.3 percent year-on-year, resulting in a deficit of over3.8 billion USD.
In the first eight months of this year, Vietnam’s total import and exportturnover hit 308.07 billion USD, up 13 percent over the same period of 2017. Ofwhich, export turnover was 155.4 billion USD, up 14.5 percent, and import was152.7 billion USD, a rise of 11.6 percent.-VNA
A delegation of 30 Vietnamese enterprises, mostly from Ho Chi Minh City and southern provinces, attended the recent Thaifex, the leading food, beverage and food technology in Thailand, to introduce outstanding farm produce of Vietnam in the market at a hope to export more products to the country.
Vietnam and Thailand agreed on some measures to remove difficulties for businesses in carrying out trade activities at the third meeting of their joint trade committee in Hanoi on August 3.
Vietnam-Thailand trade is likely to hit 20 billion USD in 2020, but the target to keep the trade value in balance may not be met with Vietnam currently running huge trade deficit with the neighbouring country.
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&.
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.
Illustrative image (Source: VNA) 
