Trade - Service

Many transportation firms are struggling to keep the business afloat and retain passengers at the same time.

The Ministry of Transport will report to the Prime Minister on the results of the resumption of international routes this February.

The Government raised over VND23 trillion (US$1 billion) via G-bonds in January.

The event aims to stimulate consumption demand and boost retail sales of goods and services in the capital.

Making shoes from coffee grounds and plastic bottles- overseas Vietnamese showcase their talents.

Last October, Vietnam’s Government pivoted from a “Zero Covid” approach to a “Living with Covid” approach, which drove a reopening boom.

The economy faced severe consequences from the pandemic posting a modest 2.58% GDP growth in 2021. Drastic measures, therefore, are required to ensure the economy’s speedy recovery.

The most important point in the Government’s new stance is guaranteeing the operation of businesses in any Covid-19 circumstance as long as they fully comply with anti-Covid-19 measures.

As of January 24, the number of delivery trucks being stranded at Lang Son Province was 355, a sharp decline from nearly 4,000 one month ago.

The figure places phones and accessories as Vietnam’s export items with the highest earnings in 2021.

Trade has become a pillar of the growing bilateral relationship between the two countries.

The latest price adjustment marked the second consecutive price hiking in 2022.

The clogging could happen at anytime during the year and every year due to changes in the Chinese side’s import policy.

Risks of further congestion remain due to uncertainties surrounding the Covid-19 situation and limited loading capabilities from both sides.

Assuming Vietnam keeps the current pace of trading growth, the turnover could set a new record and exceed the $700-billion mark in 2022.

The capital will continue to focus on realizing the dual goal of fighting the Covid-19 pandemic and boosting socio-economic development.

Vietnam would be the third-largest rice exporter in 2022, behind India and Thailand, with shipments of around 6.4 million tons.

Thailand is currently Vietnam’s largest trading partner in ASEAN and the ninth-largest foreign investor in Vietnam.

Vietnam is in a better vaccine position to protect itself from imposing another lockdown.

By the end of the year, the Government expects the economy to expand by 6-6.5%, which would result in a GDP per capita of US$3,900.