Vietnam's exports of timber and wood products have decreased due to the impact of high inflation in the export market, according to the Ministry of Industry and Trade.
Enterprises of Vietnam have been recommended to diversify markets, including nearby countries, to promote exports, which are bouncing back strongly but also facing certain headwinds.
VOV.VN - The nation’s export value to the EU grew further in the first six months of this year, resulting in a trade surplus of US$15.5 billion, a rise of nearly 39%, thanks to the bilateral free trade agreement in place between the two sides.
VOV.VN - Vietnamese Foreign Minister Bui Thanh Son held talks with his Russian counterpart Sergei Lavrov in Hanoi on July, affirming Russia is one of the most important partners in Vietnam’s foreign policy.
VOV.VN - Party General Secretary Nguyen Phu Trong on July 6 received Russian Foreign Minister Sergei Lavrov who was in Hanoi for a visit to mark the 10th anniversary of the comprehensive strategic partnership between Vietnam and Russia.
VOV.VN - Though international organisations continuously downgrad their global growth forecasts for this year, many have maintained their projection that Vietnam’s GDP growth would be the highest in Southeast Asia.
VOV.VN - The Ministry of Finance has submitted a proposal to the Prime Minister in a bid to reduce the excise tax and value added tax, in addition to the environmental protection tax, as it seeks control rising petrol prices.
Vietnam exported over 206,000 tonnes of cashew nuts worth US$1.19 billion in the first five months of 2022, down 7.81% in volume and 6.81% in value, the Vietnam Cashew Association (VINACAS) reported.
Vietnam’s garment-textile exports are likely to encounter a host of challenges in terms of both market and supply chain in the second half of this year despite positive results in the first half, heard a seminar in Ho Chi Minh City on June 21.
The Vietnam Oil and Gas Group (PetroVietnam) pumped 4.55 million tonnes of crude oil in the first five months of 2022, surpassing the plan by 22%, contributing to ensuring national energy security and national development.