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Exports down in early days of 2022
Business

Exports down in early days of 2022

Vietnam’s total export turnover reached $27.55 billion in the first half of January, down 20.7 per cent compared to the second half of December. The country posed a trade deficit of $1.64 billion. The total trade value of FDI enterprises was $18.74 billion, down 19.5 per cent.
Business

More support needed for SMEs

In order to support small and medium-sized enterprises (SMEs), in addition to mechanisms to help them access capital and lower interest rates to restore production and business, it is necessary to boost science, technology, and innovation, applying digital technology in their development, the “Strengthening financial solutions and digital transactions to support the business community, creating a driving force for socio-economic development in 2022” forum heard.
Business

Businesses propose opening international borders

The Vietnam Tourism Advisory Board (TAB), the Private Economic Development Research Board, and the Vietnam Business Forum (VBF) have sent a letter to the Prime Minister asking that he consider ending all restrictions on domestic and international travel to Vietnam from May 1. They also recommend applying the visa exemption program to countries that have a lot of investment in Vietnam.
Wärtsilä maintains belief that net-zero emissions is achievable

Wärtsilä maintains belief that net-zero emissions is achievable

Mr. Håkan Agnevall, Chairman and CEO of the Wärtsilä Group, in an interview with VnEconomy, expressed a belief that Vietnam has the potential to achieve its net-zero emissions goal and could see a renewable energy revolution in the years to come.
Seaports handle 2% more goods this year

Seaports handle 2% more goods this year

Over 703 million tons of goods passed through Vietnam’s seaports in 2021, up 2 per cent compared to 2020, in which container cargo increased 6 per cent. The national seaport plan includes a goal of Vietnam’s seaport network handling 1.1-1.4 billion tons a year, of which container cargo will stand at 38-47 million TEUs (twenty-foot equivalent units), and catering to 10.1 to 10.3 million passengers by 2030.
Airbus reaffirms its commitment to a presence in Vietnam

Airbus reaffirms its commitment to a presence in Vietnam

The world’s leading aerospace group Airbus has reaffirmed its commitment to a presence in Vietnam despite the impact of Covid-19. Its industrial cooperation programs create jobs for more than 1,500 skilled workers in the country, making Vietnam an important industrial partner in Southeast Asia.
Tax department providing e-invoices

Tax department providing e-invoices

The tax department has completed the first phase of a plan to provide e-invoices, with 71 per cent of businesses and economic organizations in six cities and provinces registering for such invoices after only a month of implementation. The second phase will be implemented from April 2022 in the remaining 57 cities and provinces.
November motor car imports exceed 15,000

November motor car imports exceed 15,000

The motor car market is becoming more dynamic as the end of the year approaches. More than 15,300 completely-built-up (CBU) motor cars worth $340 million were imported into Vietnam in November, of which 95 per cent were from Thailand, Indonesia, and China. As of the end of the month, imported CBU motor cars stood at nearly 145,000 units for the year as a whole, up 56.7 per cent year-on-year and mostly of nine seats or less.
Seafood exports up but logistics issues remain

Seafood exports up but logistics issues remain

Data from the Ministry of Industry and Trade shows that seafood exports reached $8 billion in the first eleven months of 2021, an increase of nearly 4 per cent year-on-year. Rising logistics costs, however, are causing problems for businesses, especially those exporting to markets as far away as Europe and North America. Many at the “Developing Vietnam’s logistics industry with the Europe - America region” seminar said that Vietnam needs to cooperate with foreign countries to develop logistics hubs.