Garment products being made at TNG Song Cong Company in Thai Nguyen province (Photo: VNA)
Hanoi (VNA)🎃 - Thai Nguyen province has ranked third in terms of export value for the first five months of this year, according to the General Department of Customs.
For the second consecutive year, the northern mountainous province has surpassed Dong Nai and Binh Duong provinces, with 7.43 billion USD in export value for the given period.
The first and second places were held by HCM City, with a total export value of 11.97 billion USD, and Bac Ninh, with a total export value of 9.47 billion USD.
The department said, for many years until 2015, the provinces of Binh Duong and Dong Nai had stood in third place.
In the first five months of this year, Thai Nguyen had the highest growth rate in export value nationwide, pegged at 1.09 billion USD against the same period last year, to reach a total of 7.43 billion USD.
The department said Samsung Electronics Vietnam Thai Nguyen Ltd Company (SEVT), Samsung’s first project in Thai Nguyen Province, had promoted the growth of the province’s export value since the start of its operations in 2014, boosting annual export value from millions to billions of US dollars.
In 2015, Thai Nguyen’s export value reached 15.97 billion USD, surpassing Dong Nai Province in fourth place.
The Ministry of Industry and Trade’s Trade Promotion Agency said Thai Nguyen was expected to gain 27 billion USD in total export value in 2020 and an average growth rate in export value of 9 percent per year.
To reach the target, the northern province will have to adopt a strategy of developing key export products, including electronic and high-tech products and dried tea products.
The province will focus on planning regions for the growth of tea plantations, lending support to enterprises that wish to invest in new technology and building geographic indicators for tea-growing areas to ensure a tea export volume of 10,000 tonnes by 2020.
In addition, the province will promote exports of textiles and garments by creating favourable conditions for enterprises to expand production and invest in new technology to improve the quality of their products, thus reducing production costs and expanding markets in the United States and the European Union.
Thai Nguyen’s Industry and Trade Department said the province would continue to serve the traditional markets, including the United States, the European Union, Taiwan, Japan and Russia, and would also seek partners to export to new markets in the Americas, especially Latin American countries; Africa; the Middle East; and West Asia.-VNA
Samsung Electronics Co., Ltd, the world’s top smartphone maker from the Republic of Korea, is planning a production run of 200 million smartphones in Vietnam this year.
Total export value of Tra fish reached 616 million USD in the first six months of this year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Vietnam’s combined agriculture-forestry-fishery export turnover reached 15.05 billion USD in the first six months of 2016, up 5.4 percent from one year ago.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Garment products being made at TNG Song Cong Company in Thai Nguyen province (Photo: VNA)
