Chinese export growth

Kien Giang (VNA) - The Mekong Delta province of Kien Giang earned an estimated 55 million USD from exports in January, an 18.5 percent increase against December and 37 percent year-on-year. Items posting high growth included rice with over 11 million USD (up 36.3 percent), aquatic products with 27 million USD (up 70 percent), and footwear with 11 million USD. Local authorities are implementing a wide range of measures to provide support to and remove the difficulties facing local enterprises’ production and businesses. Attention has been paid to enhancing trade promotions to help local businesses expand markets and bolster exports, especially to markets with which Vietnam has signed free trade agreements. It is also accelerating administrative reform through applying online public services, while updating local enterprises on market information. The province’s agricultural sector is focusing on producing rice and farming high-yield brackish water shrimp to actively … [Read more...] about Kien Giang’s January export turnover hits 55 mln USD

Hanoi (VNA) – The success of the 13th National Congress of the Communist Party of Vietnam (CPV) will be a strong and firm political guarantee for the development of socialism in Vietnam and provide a new driving force for the country’s  socio-economic development, said Chinese Ambassador to Vietnam Xiong Bo. In a recent interview with the Vietnam News Agency ahead of the Congress, he said the CPV, founded by President Ho Chi Minh, is the genuine representative of fundamental interests of the Vietnamese people. Over the 91 years since its establishment, the CPV has led the Vietnamese people to take firm steps forwards and make historic contributions for the sake of national independence, liberation, and development and the people’s happiness. The 13th National Party Congress is a significant political event of the CPV and State of Vietnam, the ambassador said, expecting that it will elect an unyielding and strong Party Central Committee for the new tenure that … [Read more...] about Party Congress to create new development momentum for Vietnam: Chinese ambassador

Seefahrer Premium Beer Co. Ltd., a local brewery, recently introduced two new products -- Truong Sa Special and Hoang Sa Special -- with the intention of promoting patriotism and asserting Vietnam’s sovereignty over the groups of islands. … [Read more...] about Businesses in talks for exporting craft beer named after Vietnam’s two archipelagos

Since 2020, facing serious impacts of the COVID-19 pandemic, the CPV Central Committee has maintained strategic persistence and solidarity to lead the entire Party, army, and people to weather difficulties and realise the twin targets of fighting against the pandemic and sustaining socio-economic development, with growth of 2.9 percent - one of the world’s fastest growth rates last year. … [Read more...] about Party Congress to create new development momentum for Việt Nam: Chinese ambassador

Impressive development achievements Starting the innovation process with the determination to integrate internationally 35 years ago, Vietnam was still a country with backward and closed production. It had consistently implemented reforms, transforming from a centrally planned, subsidized economy to a multi-sectoral commodity economy, which operates under the market mechanism and the State's management and towards socialism. From 1986 to 2000, on average, the gross domestic product (GDP) grew by 6.51 percent annually. The agriculture, forestry, and fishery sector edged up 3.72 percent; the industry and construction sector rose 9.06 percent; the service sector climbed 6.66 percent. The economic structure had gradually shifted towards promoting industrialization and modernization. The agricultural sector had absolutely solved the food problem, ensuring national food security, changing Vietnam from a country with a lack of food to become the second-largest rice exporter in the world. … [Read more...] about Bright economic appearance after 35 years of innovation