Pandemic

Illustrative image. (Photo: VNA) Hanoi (VNA ) – Up to 68.4% of logistics companies in Vietnam saw increases in their revenue s in the first nine months of 2022 compared to the same period of last year, a study released by Vietnam Report JSC showed. Of the 34 listed logistics companies that were surveyed, 64.7% said their revenues had maintained growth compared to the pre-pandemic period, said Vu Dang Vinh, General Director of Vietnam Report. Up to 26.5% of businesses moved from the "recovery" group in the 2019 - 2021 period to "maintaining growth momentum" in the 2019 – 2022 period, reflecting efforts of logistics enterprises in the recovery process and gaining economic growth in the post-COVID-19 period. Vietnam Report ’s survey pointed out that the biggest difficulties that logistics enterprises are facing are fluctuations in energy and input material prices; competition among businesses in the same industry; supply chain-related risks; political instability … [Read more...] about Vietnam’s logistics sector speeds up post-pandemic recovery

Chairman Vuong Dinh Hue congratulated the important achievements that Albanese's Government has made over the past six months, especially in economic development, social security and climate change response, affirming Australia's reputation and role in the international arena. For his part, PM Albanese emphasized that the official visit to Australia by Chairman Vuong Dinh Hue and the high-ranking delegation of the Vietnamese National Assembly is the first high-level visit between the two countries since they fully reopened their borders. It is of great significance in the context of the two countries preparing to celebrate the 50th anniversary of diplomatic relations next year, he said. He appreciated the practical results of his recent meetings with President Nguyen Xuan Phuc and Prime Minister Pham Minh Chinh in the framework of the Asia-Pacific Economic Cooperation (APEC) Economic  Leaders’ Meeting and the Association of Southeast Asian Nations (ASEAN) Summits, respectively. … [Read more...] about National Assembly Chairman meets Australian Prime Minister

During a working session with PT General Secretary Alberto Anaya Gutiérrez in Hanoi on November 30, Trang stressed that the PT leader's visit to and working session with VNA showed the close and profound sentiments between VNA and PT. She thanked PT for always supporting VNA’s resident correspondents to help the agency fulfill its task of reporting the Mexican situation to leaders of the Party and State, and people of Vietnam. As an official news agency of Vietnam, VNA pledged to make active contributions to the relations between the two nations in the coming time, Trang said. Gutiérrez, for his part, expressed his delight to visit and work with Vietnam and VNA again after three years of disruption due to impacts from the COVID-19 pandemic. He said that with modern technologies and techniques, VNA has well accomplished its task of fully and promptly providing information about Vietnam for foreign friends as well as news for Vietnamese people and leaders at all levels, … [Read more...] about Vietnam News Agency, Mexican Labor Party boost cooperative ties

The Vietnam Textile and Apparel Association (Vitas) forecasts that the business results of textile and garment enterprises in the fourth quarter will decline compared to the same period last year due to the impact of many geopolitical factors. Importers in the United States, EU, and Japan have been lowering prices and reducing orders. Despite this, textile and garment exports in the first 10 months of 2022 reached $37.9 billion, up 17.2 per cent over the same period last year. Textile groups at pains to regather momentum, source: shutterstock Vitas chairman Vu Duc Giang said, “Enterprises’ warehouses are full and inventories are so large that many customers are forced to stop ordering or even delay the delivery time. Businesses are missing 35-50 per cent of orders for November and December.” The outlook for apparel orders in 2023 is clouded by the effect of the inventory cycle extending from Q4. This is also an indicator that the textile and garment industry will face … [Read more...] about Textile groups at pains to regather momentum

At the event. (Photo: VNA) Can Tho (VNA) – Sharing experience in response to challenges arising from new trends in international trade and investment was the focus of a conference held in Can Tho city on November 30. The event, which was jointly organised by the Ministry of Foreign Affairs in coordination with the People’s Committee of Can Tho city and Hanns Seidel Foundation Vietnam, offered an opportunity for the local administration and businesses to take advantage of opportunities from the new trends and create momentum for the Mekong Delta to over difficulties and lay a foundation for sustainable growth in the future. In her remarks, Nguyen Bich Thuy, Deputy Director of the Department for Multilateral Economic Cooperation at the Ministry of Foreign Affairs, said that the COVID-19 pandemic has affected all aspects of the socio-economic life and changed the way the economy and commercial model operate. This caused difficulties in production and business, … [Read more...] about Conference seeks to tackle challenges in international trade, investment

Illustrative photo (Source: VNA) Hanoi (VNA) - Fishery exports reeled in 10.14 billion USD as of November this year, up 27% annually, said the Ministry of Agriculture and Rural Development. Of the sum, Tra fish and shrimps contributed 2.2 billion USD and 4.1 USD, up nearly 62% and 14.6% year-on-year, respectively. Tra fish’s sharp increase was thanks to the strongest annual surge in the product’s average price, at 50%. Exporters have also seized an opportunity to increase their market share created by the Russia-Ukraine conflict which limits the supply of white fish. Overall, shrimp export turnover has retained good growth so far thanks to strong rises recorded in the first half of the year. In the last half, the value declined due to a decrease in market demand and a short supply of raw materials. The product’s average export price did not increase as strongly as Tra fish, as it faced significant competitive pressure from those of Ecuador and India. Illustrative … [Read more...] about Fishery exports exceed 10 billion USD in 11 months