return icon

Domestic firms outpace foreign invested peers in exports growth

Exports by domestic businesses have increased at a faster pace than that by foreign invested ones between January and October, according to the General Statistics Office (GSO).


Workers process shrimp for export at the factory of the Camimex Group in Ca Mau province



Over the period, Vietnam records about 427.05billion USD in trade turnover, with a surplus estimated at some 7 billion USD.

The total turnover includes more than 217billion USD in exports and 210 billion USD in imports, respectively rising 7.4percent and 7.8 percent year on year.

The GSO highlighted a noteworthy point that thedomestic sector is gradually gaining its foothold when it posted an exportgrowth rate of 16.2 percent, much higher than the 3.9 percent by the foreign investedsector.

Additionally, exports by domestic businessesaccounted for 30.7 percent of the total export revenue in the 10 months, up 2.3percentage points from the same period of 2018.

The US remains the largest market as it purchases49.9 billion USD worth of goods from Vietnam over the 10 months, up 26.6percent from a year earlier, data show./.VNA


How can the economy have a soft landing?

When Vietnam reopened after the Covid-19 pandemic more than a year ago, many people warned that Covid and its impact would be forgotten quickly. But the consequences are becoming increasingly apparent.

Vietnam wins first runner-up title at Mister Universe Tourism

Vietnamese doctor Huynh Vo Hoang Son was honoured as first runner-up at the grand finale of Mister Universe Tourism 2023 taking place in Bali, Indonesia, on March 19.

Japanese artist to hold charity concert for children with cancer

Japanese pianist Keiko Borujeson will play a jazz charity concert at the U Café in the ancient town of Hoi An on March 24 to raise funds for children with cancer under treatment at the Da Nang Oncology Hospital.

One dead, one in critical condition, nine hospitalized after eating pickled carp

Three seriously ill patients are requiring mechanical ventilation while one is in critical condition after eating pickled carp. Prior, one poisoned patient died, said Ho Chi Minh City-based Cho Ray Hospital yesterday.

VN female photographer wins big at international contest

After six years traveling around Vietnam and many countries around the world, Khanh Phan has amassed a huge number of beautiful photos and won many international photography awards.

British tourist injured trying to take photo on Ha Giang cliff

A British tourist fell from a cliff in Hà Giang Province after trying to climb to the edge to take a photo, local authorities confirmed Sunday.

Tan Son Nhat airport’s taxi fares may surge next month

Taxis picking up passengers at Tan Son Nhat International Airport in HCMC may face an entry fee of VND5,000-15,000 per trip beginning in April this year


Legislators scrutinise corrupt asset recovery

Restaurants and hotels in Da Nang 'beautified' to welcome Chinese tourists

Restaurants and hotels along the coast of Da Nang are being repaired and upgraded to welcome back Chinese visitors after a 3-year pause due to the impact of the Covid-19 epidemic.

Hanoi’s $30mil waste treatment plant abandoned as waste crisis continues

Hanoi has plans for 17 waste treatment sites, but only three are operating.

Hanoi among the cities with most trees in the world

One of the highlights of Hanoi's friendliness is the shade provided by its many trees.

Entertainment and cultural events of the week (March 20-26)

Upcoming entertainment and cultural events in Vietnam's major cities on March 20-26.

Vietnam attracting Japanese investments to new areas

Vietnam is striving to lure more Japanese investments to digital transformation and green growth, as recommended in the Vietnam-Japan Joint Initiative (VJI).

Employers seek clarity on easing work permit process

Foreign employers are pleading for a more straightforward process in obtaining work permits, but authorities have pointed out that ensuring a smooth process is a 2-way street.