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General Department of Vietnam Customs’ data showed that the bilateral trade reached US$1.03 billion in the first four months of 2022 (up 15 percent from the same period of 2021), including US$689.13 million worth of Vietnamese exports (up 19.2 percent) and US$342.16 million worth of Vietnamese imports (up 7.3 percent). Tra fish exports are projected to surge by a whopping 97 percent year-on-year in the first five months of 2022, reaching US$1.1 billion Nguyen Thi Hoang Thuy, Head of the Vietnam Trade Office in Sweden, concurrently in Denmark, Norway, Iceland, and Latvia, said Nordic enterprises generally bought Japonica rice from Spain, Italy, Japan and the US, and were excited to discover they could import a similar product with similar quality from Vietnam at a one-third to one half less. Foreign trade accounts for 50-60 percent of the Nordic bloc’s gross domestic product (GDP). Despite their small population, Nordic countries made an impressive import value … [Read more...] about Vietnamese exports to Nordic markets thrive

Workers wrap up and label durians. Vietnamese durians have made a name for themselves as a great-tasting fruit in many countries, but that's only the story's beginning. — Photo baomoi.com Vietnamese durians have made a name for themselves as a great-tasting fruit for overseas consumers but still have a long way to go the maintain their position on the international scene, according to insiders. Dang Phuc Nguyen, General Secretary of the Viet Nam Fruits and Vegetables Association, reveals that China, the largest importer of fresh Vietnamese durians, has allowed the fruits to be imported via official channels from July 12. However, these opportunities come with obstacles as the Chinese General Administration of Customs (CGAC) requires that Vietnamese exporting firms and growing areas register with the Vietnamese Ministry of Agriculture and Rural Development (MARD), and the registrations must be sent to CGAC for approval before the fruit can enter the country. "Durians from … [Read more...] about Long way to go for Vietnamese durian

The cost of tutoring high school students is the largest amount for family spending at 43%. Vietnam's investment in education has steadily increased over the past 10 years, accounting for 18% of total state expenditure. Le Anh Vinh, Director of the Vietnam National Institute of Educational Sciences speaks at the event. Photo: VNIES The information was revealed by Le Anh Vinh, Director of the Vietnam National Institute of Educational Sciences (VNIES) under the Ministry of Education and Training at the conference announcing the analysis report on Vietnam's education sector in the 2011 - 2020 period, which was organized by the Vietnam National Institute of Educational Sciences and UNESCO on August 8. Investment in education over the past 10 years was still lower than the targeted 20%. It was equivalent to 4.9% of the country's GDP, higher than many nations in the region, according to the report. The Ministry of Education and Training is facing many challenges … [Read more...] about Vietnam’s investment in education accounts 18% of total state expenditure

In long term, transforming the higher education system will be key to boosting Vietnam’s productivity and helping achieve its goal of becoming a high-income country by 2045. Vietnam’s GDP growth is forecast to surge from an estimated 2.6% in 2021 to 7.5% in 2022, with backing from resilient manufacturing and a robust rebound in services. Overview of the event. Photo: Nguyen Tung Country Director for the World Bank in Vietnam Carolyn Turk revealed the figures at the launch of its bi-annual economic outlook for Vietnam titled “Taking Stock: Educate to Grow” today [August 8]. According to Turk, the global economy has been experiencing a series of very large and negative shocks, including ongoing Covid-19-related disruptions and supply shocks associated with the Russia-Ukraine conflict. In this context, Vietnam’s economy has shown “relative resilience and staged a strong rebound after last year’s Covid-19 induced slowdown,” Turk said. Vietnam’s economic … [Read more...] about Vietnam’s GDP growth set to expand by 7.5% in 2022: World Bank

Vietnamese picture books come back in favor Only one month after its release, the Kim Dong Publishing House's series of picture books Chuyen o trong rung Vi vu (Stories in the Vi vu forest) of writer Truong Huynh Nhu Tran has been re-published. Being an author of children's literature, writer Huynh Nhu said that re-publishing of the picture books is of great pleasure for her as she has tried writing picture books just for a short time. With his experience in the publishing sector for years, Mr. Phan Cao Hoai Nam, editor of Kim Dong Publishing House, said that nowadays, children are afraid to read books with many words, so picture books are very much in favor. In addition, parents are so busy that they have spent little time reading books with their children; therefore, they resorted to short picture books to interact with their children. That is the advantage of picture books now, explained Mr. Phan Cao Hoai Nam. Several local authors such as Dao Trung Uyen, Phuong Huyen, … [Read more...] about Vietnamese picture books come back in favor

According to the Ministry of Transport, the Ben Luc - Long Thanh Expressway construction project is invested by the Vietnam Expressway Corporation (VEC). The project has a total length of 57.8 kilometers, passing through Long An, Ho Chi Minh City, and Dong Nai provinces. The project's total investment is VND31.32 trillion, using loans from the Asian Development Bank, Japan International Cooperation Agency (JICA), and domestic reciprocal funds. According to the original plan, the project would be carried out from 2014 to 2019. However, during the implementation process, some mechanism and policy changes caused the project not to be allocated capital and have to halt construction from 2019. The Ministry of Transport had reported to the Government many times and regularly worked with relevant agencies, such as the State Capital Management Committee, JICA, and State Audit of Vietnam, to solve the project's problems. Up to now, the Politburo and the National Assembly have approved … [Read more...] about Ben Luc – Long Thanh Expressway project restarts in third quarter