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The delegation includes Vietnam's number one cueist Tran Quyet Chien (billiards), Hoang Thi Phuong Giang, Duong Thuy Vi and Pham Quoc Khanh (wushu), Nguyen Tran Duy Nhat (muay Thai) and the women's beach handball team. At the previous event hosted in Poland in 2017, Vietnam scored one gold medal thanks to muay athlete Bui Yen Ly. This year's event will take place from July 7 to 17 in Birmingham, Alabama, the U.S., having been delayed one year due to the Covid-19 pandemic. It features 30 sports in 54 disciplines. Athletes from 110 nations will participate in this competition. World Games is an international multi-sport event that includes sports that are not contested in the Olympics. The event is hosted every four years, usually one year after the Summer Olympics. Although World Games comprise non-Olympic sports, it's still supported by the International Olympic Committee. … [Read more...] about Vietnam to compete in 4 World Games events

Passion fruit is among Vietnam’s top 10 fruits with the highest export earnings. China’s customs have authorized the import of passion fruit from Vietnam from July 2022, the first time for this kind of fruit, which is listed among Vietnam’s top 10 fruits with the highest export earnings. The fruit would be shipped through the Pingxiang border gate, Dongxing City, Guangxi Province, China. Passion fruit is one of Vietnam's top 10 fruits with the highest export earnings. File photo Chinese customs asked Vietnamese agencies to meet regulations on production management and phytosanitary, the Global Good Agricultural Practice (GlobalGAP) and the Vietnamese Good Agricultural Practice (VietGAP). Vietnam’s Ministry of Agriculture and Rural Development (MARD) is in charge of supervising the quality and connecting exporters. Over the past five years, Vietnam’s export of passion fruit has seen a rise of more than 300% in terms of quantity and value, listing Vietnam … [Read more...] about China starts importing Vietnam passion fruit

Vietnamese firms shipped just US$509-million worth of goods to China through the border, a 87 percent dive year-on-year, according to customs data. Imports from China dropped by 52.5 percent to $3.64 billion. China’s zero-Covid strategy and tightened control of cross-border movement have had the biggest effect on trade, the Ministry of Industry and Trade said. Lack of transport, logistic and cross-border trade infrastructure worsened the situation, it added. Though trading through key border gates in the northern provinces of Lao Cai and Lang Son has resumed, customs clearance has yet to return to pre-pandemic levels. At Lang Son’s Tan Thanh Border Gate, Vietnam’s main point for fruit export to China, only 100 vehicles get customs clearance a day, a third of the pre-pandemic level. The ministry has warned that the border congestion could escalate if no measures are taken. China was Vietnam’s largest partner last year, with bilateral trade reaching $166 billion. Vietnam … [Read more...] about Vietnam-China border trade slumps on Covid restrictions

During the second quarter of 2022, European business stakeholders' confidence in Vietnam's investment environment declined slightly, according to the Business Climate Index (BCI) released by the European Chamber of Commerce in Vietnam (EuroCham) and conducted by YouGov Vietnam. Following a first-quarter rise, the BCI dropped 4.4 points in the second quarter to 68.8 points. In contrast with earlier in the year, compounding factors such as the continuing war in Ukraine, commodity price spikes, and the ripple effect of China's zero-COVID policy have dampened expectations among Vietnam's European business community. Although the BCI has fallen, it remains 7.6 points higher than in the fourth quarter of 2021, when it measured 61 points. Vietnam's potential growth is also being viewed with less favour by European business leaders. About 60 per cent of respondents predicted that the Vietnamese economy would stabilise or improve in the third quarter of 2022, compared with 69 per cent who … [Read more...] about European FDI continues to flow into Vietnam amid economic uncertainties

Vietnam has reported record growth in shrimp exports in the first half of 2022 with revenues reaching nearly USD 2.30 billion, 33 times higher compared to the same period last year. Illustrative photo According to a report from the Vietnam Association of Seafood Exporters and Producers (VASEP), shrimp exports were worth USD 2.30 billion which accounted for 40 percent of seafood exports in the first six months of 2022. VASEP said that inflation and material shortages had posed lots of challenges for local seafood exporters. Some firms have turned to processing high-quality products for some demanding markets including Japan, the US, or EU countries. "Export of white leg shrimp saw an increase of 17 percent on-year while lobster exports were 30 times higher," the report said. Shrimp exports to China alone were worth USD 275 million in the first five months, 101 percent higher on year. Explaining the surge in shrimp exports to China, VASEP said that … [Read more...] about Vietnam enjoys sharp increase in shrimp exports

Production of electronic parts in Vietnam. (Photo: VNA) HCM City (VNA) – The Singapore-based United Overseas Bank (UOB) has revised up Vietnam’s 2022 GDP growth forecast to 7.0% from 6.5%, assuming no further severe domestic disruptions from COVID-19, and projected growth of around 7.6 – 7.8% in the second half of the year (H2). UOB ’s estimate of 6.0% year-on-year. The sharp rebound in Q2 GDP was driven by manufacturing activities which accelerated for the 4th straight quarter, and a recovery in services output as it continued to regain its footing since the last contraction in the third quarter of last year. VNA … [Read more...] about UOB revises up Vietnam’s 2022 GDP growth forecast to 7%