Vietnamese commodities exported to Laos rose 10.4% last year to hit US$656.4 million, of which petroleum exports brought in US$125.4 million, up 439%, according to the Vietnamese Trade Office in Laos. December 2022 alone saw Vietnamese petroleum export to Laos skyrocket 721% to generate US$60.1 million in value. The sharp increase was attributed to Laos’ […]
Read MoreVegetable and fruit export turnover is expected to set a new record in 2023. On the days just before 2023 Tet, Ngo Tuong Vy, general director of Chanh Thu Fruit Export, was still very busy implementing orders for pomelo and durian exports. Vy said following the first durian shipment to China under the full-tax exporting […]
Read MoreThe Economic Intelligence Centre of the Siam Commercial Bank forecasts the CLMV countries, namely Cambodia, Laos, Myanmar and Vietnam, will gain a stronger growth momentum in 2023, but remain below its growth potential prior to the COVID-19 outbreaks. The rebound will be uneven across countries, depending on economic fundamentals and country-specific risks, the centre said […]
Read MoreVietnam is predicted to record a rise of 6.6% in industrial production in 2023, according to S&P Global Market Intelligence. S&P Global noted the Vietnamese manufacturing sector continued to face challenging business conditions in the opening month of 2023. Production and new orders continued to decline. That said, there were some signs of improvement in […]
Read MoreVietnam needs to improve FDI quality, attracting high-tech projects that promise to bring higher added value. In the last days of 2022, Samsung Vietnam’s workers hurried to prepare for a big event that marked a new milestone in its 14-year history of operation in Vietnam – the inauguration of an R&D (research and development) center […]
Read MoreA string of policies on transferring money from Viet Nam to other countries, a 50-percent fee reduction when registering for permanent residence Money transfer abroad Circular 20/2022/TT-NHNN, dated on December 30, 2022 on guiding activities of one-way money transfer abroad from Viet Nam and payment and money transfer for other current transactions of institutional residents […]
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