Chinese trade expand under han rule

Hanoi (VNA) - The Ministry of Industry and Trade (MoIT) recently issued Directive No.15 on the implementation of measures to ensure essential consumer goods are available during the upcoming Lunar New Year (Tet) holiday and to stabilise the market. The Departments of Industry and Trade nationwide have been ordered to outline production and business plans while making evaluations on the supply and demand of essential items, so as to make a timely response to prevent a shortage of goods or price hikes during Tet. They should recommend the provincial People’s Committees set up plans to stock shelves for the holiday or in case of epidemic, as well as join hands with branches of the State Bank of Vietnam to help businesses access preferential loans to produce essential goods for the holiday. They have been asked to coordinate with the Departments of Agriculture and Rural Development and competent agencies to keep a close watch on weather and disease developments and to assess … [Read more...] about MoIT working to ensure supply of goods during Tet holiday

Hanoi (VNA) - Vietnam's growth accelerated to 4.5 percent in the last quarter of 2020, resulting in an annual growth rate of 2.9 percent - making it one of the fastest growing economies in the world, according to the World Bank (WB). In the January edition of its monthly Vietnam Macro Monitoring, the bank said the country’s industrial production and retail sales continued to expand solidly, with growth rates close to pre-pandemic levels. December 2020 marked another strong performance of merchandise trade, with double digit growth rate in imports (23.1 percent) and exports (17.8 percent), while FDI inflows slowed. Consumer price index remained flat in December 2020, as food prices stabilised, while consumer demand has yet to fully recover from the crisis. Credit growth picked up slightly after the State Bank of Vietnam cut policy interest rates in October, ending 2020 at 10.1 percent. Auctions and granting of land use and rental improved revenue collection in the last … [Read more...] about Vietnam – one of fastest growing economies: WB

>> Russia-Vietnam: Together to New Cooperation Goals >> 15 cooperation deals to be signed during Putin’s Vietnam visit President Sang made the statement in an interview with the Russian News Agency Itar Tass on the third visit to Vietnam by President Putin on Tuesday. The Vietnam-Russia Strategic Partnership was established in 2001 and then upgraded into the comprehensive strategic partnership in 2012, Sang said, adding that the firm foundation has enabled bilateral relations between the two countries to improve in both scope and scale. As regards trade, Sang suggested that the two sides exert further efforts to negotiate and have an early signing of the Free Trade Agreement (FTA) between Vietnam and the Customs Union of Russia, Belarus and Kazakhstan. Two-way trade keeps increasing, with US$2.5 billion in 2012 and $1.8 billion in the first eight months of this year, but it remains at a modest level, accounting for a small portion in the total import-export turnover … [Read more...] about Putin’s visit to take Vietnam-Russia ties to new height

Workers of Ho Chi Minh City Power Corporation pull out new underground electrical cables on Hai Ba Trung Street, District 1, Ho Chi Minh City, November 8, 2020. Photo: Nguyen Cong Thanh / Tuoi Tre Linh told Tuoi Tre she used to set up a shop sign in front of the building which encroached on the sidewalk.  … [Read more...] about A decade of burying tangled wires in Ho Chi Minh City

Hanoi (VNA) - Forest product exports are expected to reel in 14.5 billion USD this year, up 12 percent against 2020, an official has said. Deputy Minister of Agriculture and Rural Development Ha Cong Tuan unveiled the target in an interview with the Lao Dong (Labour) newspaper on the growth of the forestry sector over the next five years. Export value is set to reach 20 billion USD in 2025. During the five-year period, he said, the sector will work to sustain the forest coverage rate at 42 percent, expand distribution markets, develop long-term trade partnerships, and promptly address trade issues for mutual benefits in line with international commitments. The minister also touched on a number of positive outcomes made by the sector last year despite COVID-19. Vietnam exported forest products worth over 13.22 billion USD, up 16.9 percent against the previous year, and 5.7 percent higher than the annual target. The country now ranks fifth globally, second in Asia, and first in … [Read more...] about Vietnam aims to earn 14.5 billion USD from forestry exports