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Exports increased 17% year on year in the first half of 2022. (Photo: VNA) Hanoi (VNA) - Vietnam saw a year-on-year increase of 17% in exports in the first six months, but it will be hard for overseas shipments to meet expectations in the last half of the year, according to the HSBC . In its “Vietnam at a glance” report released on August 17, it said after the impressive export growth in H1, a slower-than-expected pace has been recorded since the start of H2. The main cause is a growth slowdown in the electronics industry, especially mobile phones. Samsung’s second-quarter results show that demand for consumer electronics is weakening, thus affecting the smartphone, TV, and other segments. While textile, garment and footwear exports rose sharply, by 30% from a year earlier, the Vietnam Textile and Apparel Association forecast the amount ordered will decline in the time ahead. In July, import growth also slowed down to only 3.4% compared to the double-figure … [Read more...] about Export growth may be slower than expected in H2: HSBC

Electric motorbikes manufactured by Vinfast. Many UK businesses are looking into electric mobility industry in Vietnamwhich is expected to grow by double digits in the next few years. (Photo: VNA) Hanoi (VNS/VNA) - Many British investors are seeking investment opportunities in Vietnam in the hope of cashing in on free trade agreements ( FTA s) that Vietnam has signed with the UK and other economies worldwide. The UK-Vietnam Free Trade Agreement (UKVFTA), which officially took effect in May 2021, was one of the first trade deals inked by the UK after it left the European Union by the end of 2020, which reflected the importance of Vietnam in the UK’s trade policy. Bilateral trade and investment between the two economies have grown significantly with a growth rate of 17% last year. Data of the Foreign Investment Agency under the Ministry of Planning and Investment showed as of October 20, 2021, the UK had 439 valid projects amounting to nearly 4 billion USD in registered … [Read more...] about More British investors look at Vietnam to cash in on free trade agreements

Hanoi will play a key role in connecting visitors to tourist destinations in Vietnam. The Vietnamese Ministry of Culture, Sports and Tourism needs to actively support major tourism businesses to build routes linking localities, and restart heritage digitalization with the participation of travel companies to create new tourism products. Deputy Prime Minister Vu Duc Dam speaks at the meeting. Photo: VGP This is one of the requirements made by Deputy Prime Minister Vu Duc Dam on August 17 at the meeting on removing difficulties and promoting tourism recovery so that the industry would become a key economic sector. The Deputy Prime Minister requested the Ministry of Industry and Commerce to urgently submit to the Prime Minister the adjustment of electricity prices so that accommodation establishments would be entitled to energy rates equal to those of manufacturing facilities. The Ministry of Culture, Sports and Tourism, associations, and tourism businesses … [Read more...] about Vietnam deploys diverse solutions to revive tourism industry

American agricultural products are available in many parts of Vietnam and some are becoming well-received in the country of 100 million people. Agriculture plays a prominent role in trade relations between the US and Vietnam, US Ambassador to Vietnam Marc Evans Knapper has said. US Ambassador to Vietnam Marc Evans Knapper at a press conference in Hanoi. Photo: NLD The ambassador shared the idea at the United Tastes of Food and Wine Reception held in Hanoi earlier this week in collaboration between the US Embassy, the California Milk Advisory Board, and the Nebraska Department of Agriculture. To boost the market share of American agricultural products in the Southeast Asian country, relevant agencies are working for further availability. “We are looking for ways to expand US agricultural imports into Vietnam,” Ambassador Knapper said. What Ambassador Knapper said might be true, based on the fact that American agricultural products are safe and … [Read more...] about [Vietnam-US relations] Agriculture – a prominent pillar in US-Vietnam trade: Marc Knapper

Illustrative image (Source: VNA) Hanoi (VNA) – Vietnam’s visa policy should be more open to lure international tourists , insiders have said. Although the country has offered unilateral visa exemption and e-visas, the policy is not competitive enough as the 15-day visa exemption has yet to satisfy the need of visitors from such markets as Europe, North America and Australia, who often stay from three to four weeks in Vietnam, according to the Ministry of Culture , Sports and Tourism (MCST). Director of the Ho Chi Minh City Department of Tourism Nguyen Thi Anh Hoa said the ministry should propose the Government instruct the Ministry of Foreign Affairs to expand the list of countries and territories qualified for visa exemption and e-visa, and restore visa granting at border gates. She also suggested simplifying visa procedures for visitors who get infected with COVID-19 during their stay in Vietnam and undergo treatment in the Southeast Asian nation. The … [Read more...] about Relaxing visa policy to attract more foreign tourists: insiders

Delegates visit a booth at the Fire Safety & Rescue Vietnam-Secutech Vietnam-SMAbuilding 2022 international exhibition being held at the Saigon Exhibition and Convention Centre until August 20. — VNS Photo The Fire Safety & Rescue Vietnam-Secutech Vietnam-SMAbuilding 2022 international exhibition opened in HCM City’s Saigon Exhibition and Convention Centre on August 18 with 320 booths set up by over 250 exhibitors. The exhibitors are from 21 countries and territories, including the UK, India, Australia, China, Taiwan, Germany, Korea, the US, Japan, Italy and Viet Nam. Organised by the Viet Nam Advertisement and Fair Exhibition JSC and Messe Frankfurt Group, the event showcases products and technologies used in fire prevention and rescue, security and smart building and smart houses. To run until August 20, it will feature an international workshop on digital transformation in and technological solutions for fire prevention and fighting in super high-rise buildings and … [Read more...] about International exhibition on fire safety, rescue, smart building opens in HCM City