27 export items listed in “one-billion-USD” club in five months
Twenty-seven export items joined the “one-billion-USD” club in the first five months of this year, as compared with only 23 seen in the same period last year, Deputy Minister of Industry and Trade Do Thang Hai told a press conference on June 16.
Vietnam’s export revenue in May increased 18.1 percent against the previous month, pushing the five-month value by 16.7 percent, he said.
The export value in the domestic economic sector expanded 21.3 percent, higher than that in the FDI sector (15.1 percent, including crude oil) which, Hai said, reflects the rapid recovery of local firms as well as the resumption of global supply chains.
He, however, noted that the enterprises faced a host of difficulties due to surging production costs, including transportation and warehousing ones, and material prices.
Moreover, FDI groups like Samsung and Electronics scaling down their production of some items given the falling demand and China’s lockdown measures have also affected Vietnam’s production and export, Hai continued.
The Ministry of Industry and Trade will work harder to help businesses optimise signed free trade agreements (FTAs) in order to speed up export and boost consumption at home, maintain contacts with China and coordinate with other ministries, agencies and localities to ensure sustainable customs clearance at border.
It will also review and propose measures to cut taxes and fees, or solutions to support firms affected by the soaring prices of certain goods, he promised./.
The series is the brainchild of former supermodel Ha Vy and director Hoang Cong Cuong, who is the mastermind of several big events in Vietnam including the opening ceremony of the Southeast Asian Games (SEA Games) 31 in Hanoi in May.
Rice, which is Vietnam’s most important crop and grown on more than half of its agricultural land area, accounts for 48 per cent of the agriculture sector’s GHG emissions and over 75 per cent of methane emissions.
The vocational training system of Vietnam needs reforming to create highly-skilled human resources that meet the requirements of the labour market in increasingly integrated international market, experts said.
The Government needs to carefully evaluate the effectiveness of the petrol and oil price stabilisation fund in keeping the commodity’s retail prices stable before deciding to maintain or eliminate the tool, experts said.
Upcoming entertainment and cultural events in Vietnam's major cities on September 26-October 2.
Vietnamese beauties boasted of their charm in a traditional costume segment of the ongoing Miss Grand Vietnam 2022 taking place on September 23.
ADB Country Director Andrew Jeffries has talked on the recent interest rate hike by the State Bank of Vietnam in the context of the Fed, ECB and a number of countries raising their rates to curb inflation.
The auction’s highlight is Les Rapides de Cho Bo, a six-panel lacquer screen with gold highlights, painted in 1942 by Le Quoc Loc. The artwork is estimated to fetch €400,000 ($396,000), the highest price of the lot.