Lychee being canned for export to the US. - VNA/VNS
HANOI (Vietnam News/ANN): Exports for the year as of March 15 were worth US$62.01 billion, a year-on-year increase of 22.7 per cent, according to the General Department of Vietnam Customs.
Exports to the US in the first two months of the year accounted for $13.83 billion or 28.4 per cent of total exports.
In recent years the US has become Vietnam s biggest market. Last year, for instance, at $76.4 billion it accounted for 27 per cent of the latter’s total exports.
Thân Đức Viet, general director of Garment 10 Joint Stock Company, said there were several factors behind Vietnam’s rapid growth in exports including to the US.
Vietnamese Prime Minister Phạm Minh Chính during his phone talk with his Singaporean counterpart Lee Hsien-Loong on April 21.. VNA/VNS
HANOI (Vietnam News/ANN): Singaporean Prime Minister Lee Hsien-Loong on Tuesday (April 20) said his country gives high priority to relations with Vietnam, during phone discussions with his Vietnamese counterpart Phạm Minh Chính.
Calling Chính to congratulate him over his election as Prime Minister of Vietnam, Lee also appreciated Vietnam’s success in responding to the Covid-19 pandemic and in socio-economic development as well as external relations.
In reply, Chính said he hoped to work closely with the Singaporean PM to further promote the strategic partnership between the two countries across all fields.
Judges delivered the verdict for the wrongdoings taking place at the long-delayed expansion project of Thái Nguyên Iron and Steel JSC project during the trial that concluded on April 20, 2021. VNA/VNS
HANOI (Vietnam News/ANN): The Hanoi People’s Court on Tuesday (April 20) recommended investigating possible violations by the Ministry of Industry and Trade (MoIT) and considering starting criminal proceedings against several officials involved in a case related to wrongdoings at Thái Nguyên Iron and Steel JSC project (TISCO) if sufficient ground is found.
The trial panel said the MoIT made a number of decisions against the law, introduced and chose incapable units to carry out section C of the engineering, procurement and construction contract No.01, which was one of the main factors leading to the consequences of the case, including lost capitals and indefinitely delayed progress in the expansion of the major steel factory.
The local export turnover is estimated at US$77.34 billion, an increase of 22 per cent. VNA/VNS
HANOI (Vietnam News/ANN): Vietnam has enjoyed high export growth but experts are concerned that the main contributor is foreign direct investment (FDI).
In the first quarter of the year, the country saw an estimated import and export value of US$152.65 billion, up 24.1 per cent over the same period last year. Of which, export turnover was estimated at $77.34 billion, an increase of 22 per cent from Q1 of 2020.
Of the total export turnover, the domestic sector only contributed $18.3 billion, an increase of 4.9 per cent and accounting for 23.7 per cent, while the rest was from the FDI sector with $59.04 billion, up 28.5 per cent and accounting for 76.3 per cent.
A worker checks furniture products at Tài Phước Co., Ltd. in Phú Tài Industrial Park in the central coastal province of Bình Định. VNA/VNS
HANOI (Vietnam News/ANN): Vietnam s wood exports have increased over the last few years, and are expected to reach a new record in 2021.
The export turnover of wood and wood products has seen an average increase of 15.4 per cent per year in the 2017-2020 period, or US$1.35 billion, even greater than the total turnover of many items.
The export turnover of wood and wood products reached approximately $3.7 billion in the first quarter of this year, up 41.5 per cent, nearly double the growth rate of the total export turnover of the country at 22 per cent.