Vietnam Today

Total export and import turnover reached $108.52 billion in the first two months of 2022, a 13 per cent increase year-on-year, with exports rising 10.2 per cent and imports 15.9 per cent. Vietnam posted a trade deficit of $937 million.

Deputy Prime Minister Le Minh Khai has said that inflationary pressure will rise in 2022. It is therefore necessary to base movements on actual circumstances, have an appropriate management plan, and closely coordinate fiscal and monetary policies to contribute to stabilizing the macro-economy, controlling inflation, and steadying the economy.

Increases in the price of petrol and food were the main factors behind the CPI rising 1 per cent in February compared to January. The CPI rose 1.68 per cent year-on-year in the first two months of the year. Core inflation in February increased 0.49 per cent compared to January, and 0.67 per cent year-on-year in the first two months.

According to Deputy Minister of Foreign Affairs To Anh Dung, on the occasion of State President Nguyen Xuan Phuc’s visit to Singapore from February 24 to February 26, the two sides signed and exchanged 29 MoUs and contracts worth more than $11 billion in fields such as innovation, smart industrial parks, airport infrastructure, logistics, renewable energy, and environmental treatment, among others. The visit also promoted the strategic partnership between Vietnam and Singapore.

With armed conflict continuing in Ukraine, Prime Minister Pham Minh Chinh has requested that ministries and branches cooperate in protecting Vietnamese citizens and legal entities in the country. He asked the Ministry of Foreign Affairs to develop a plan to ensure their security and safety, evacuate citizens and mission members when necessary, and provide assistance in terms of shelter, food, and other necessities.

According to the development plan for technology innovation centers in Ho Chi Minh City in the 2021-2025 period, industrial production enterprises will be supported in technology transfer and innovation, in which special priority will be given to supporting technology transfer from abroad. The city has set a target of forming at least two technology innovation centers by 2025.