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A worker at a factory in Vietnam – PHOTO: HUNG LE HCMC - Standard Chartered has forecast that Vietnam’s gross domestic product (GDP) growth would rebound to 7.8% in 2021 from 2.9% in 2020, with manufacturing likely to continue driving the economy, helping Vietnam outperform the rest of Asia.  … [Read more...] about Standard Chartered forecasts Vietnam’s 2021 GDP growth at 7.8%

It was published on the occasion of the 13th National Party Congress this week. The article reviewed milestones of Vietnamese foreign affairs policies mentioned in the Party documents since 1986 and looked into diplomatic achievements and lessons learned over the past 35 years. Minh called the first period of đổi mới (from 1986 to 1995) the period of “breaking the embargo siege and bringing the country out of serious economic crisis”. The Communist Party of Vietnam reviewed the changing regional and global situation to respond to the new developments and determine foreign policies and directions in the new situation. In Politburo Resolution No 13 in May 1988, the Party set the policy of co-existence in peace. Accordingly, Vietnam would be able to maintain independence and build a socialist state with a strong economy, defence and the expansion of international co-operation relations. Vietnam's foreign policy was consolidated at the seventh Party … [Read more...] about Looking back at Vietnam’s external affairs over the past 35 years

The ambassador quoted the Vietnamese leader as saying that the 13th Party Congress takes place amid a fast and complicatedly changing world, the Party is still facing a number of difficulties and challenges, and that firmly maintaining the Party’s revolutionary and trailblazing nature and building an increasingly clean and strong Party are the prerequisites for continuous development. … [Read more...] about Congress to create new momentum for Vietnam: Ambassador

HCM City (VNS/VNA) - Vietnam’s imports of high-value seafood such as king crabs and lobsters are rising due to their falling prices, and are expected to rise even further during the Lunar New Year (Tet) Festival, experts have said. Robert Greenan, Deputy Consul General at the US Consulate in Ho Chi Minh City, said last year exports of Alaskan seafood rose 125 percent to 19 million USD. Vietnam became the US’s sixth largest buyer of agricultural products and foodstuffs with imports worth 4 billion USD. According to the Alaska Seafood Marketing Institute in Vietnam, demand for seafood is rising in the country, and several processing factories are moving from China to Vietnam due to tariffs. Alaskan seafood is mostly bought by restaurants and hotels and processors. The institute aims to expand the distribution network so that more customers can buy Alaskan seafood for cooking at home. During Tet, there is especially high demand for Alaskan king crab since it is relatively … [Read more...] about Demand for imported high-value seafood rises

Hanoi (VNS/VNA) - Up to 205 local traders nationwide were permitted to export rice as of January 18, following a list released by the Ministry of Industry and Trade’s Agency of Foreign Trade.   Per the list, the Mekong Delta City of Can Tho saw the highest number of licensed rice exporters at 43. Ho Chi Minh City ranked second with 38 eligible rice exporters, followed by the southern provinces of Long An, An Giang and Dong Thap at 25, 20 and 18, respectively. Other localities with licensed rice exporters were Tien Giang and Hanoi with eight, Nghe An with seven, and Kien Giang and Vinh Long at six.  Meanwhile, other localities had only one permitted rice exporter, such as Dak Nong, Tra Vinh, Tay Ninh, Binh Dinh, Binh Duong, Ha Tinh, Nam Dinh and Ninh Binh.  Despite a modest decline of 3.5 percent in export volume to 6.15 million tonnes mainly due to the Government's efforts to ensure national food … [Read more...] about Total of 205 traders allowed to export rice