The TNSC said November 2017 export value grew to a six-year high of US$21.43 billion or a 13.4% increase on the same period last year. Total export value for the first 11 months of 2017 reached US$216.95 billion, a 10% increase year on year. Key products included vehicles and car parts, computers and computer parts, and food. Major importers included China, the United States, and Japan. The export sector in 2018 is expected to grow by 5.5% to around US$230 billion. According to the TNSC, notable industries would include manufacturers of electronic parts, vehicles and vehicle parts, and phone accessories. The council claims that the key challenge this year lies in the agriculture and food industries, saying the government must encourage farmers to create value-added products, while keeping costs down, and diversifying crops as a way to manage risk. Other proposals to the government include ensuring the stability of the Thai baht, developing human resources for the manufacturing sector, supporting exports to new markets, and accelerating logistical infrastructure projects to expedite the Eastern Economic Corridor.
Seafood exports grow sharply HCMC – Vietnam had exported US$7.6 billion worth of seafood in the year to end-November, up 18.9% over the same period last year, Nguoi Lao Dong newspaper quoted a report of the General Department of Vietnam Customs. Although the U.S. market posted a mild decline of 1.7%, four other large markets, namely the EU, Japan, China and South Korea, registered growth of over 20%. Therefore, total export turnover of seafood may exceed US$8 billion in all of this year. Last year, China spent US$860 million importing seafood from Vietnam, but the number surged to more than…... [read more]
National advisory council on financial, monetary policies set upThe Saigon Times Daily HANOI – The Prime Minister has signed a decision establishing a 39-member national financial and monetary policy advisory council led by Deputy Prime Minister Vuong Dinh Hue. The three vice presidents of the council are State Bank of Vietnam (SBV) Governor Le Minh Hung, Minister of Finance Dinh Tien Dung and chairman of the National Financial Supervisory Commission Vu Viet Ngoan, according to local media. The council’s 27 other members include Dinh Van An, assistant to Party General Secretary Nguyen Phu Trong; Nguyen Ngoc Bao, deputy head of…... [read more]
Vietnam’s national team coach Henrique Calisto and the National Coaches Council will meet today to discuss the selection of assistant coaches for the national and U23 teams. National Coaches Council Chairman Nguyen Sy Hien said, “The contract between VFF and coach Calisto clearly states Calisto is responsible for two teams, so we must respect it and not change it.†He said he had met with the chairman of the Vietnam Football Federation Tuesday to discuss the “goals of the national and U23 teams this year.†Today’s meeting follows a February 19 suggestion to the VFF by the coaching council’s Vice…... [read more]
NDO – The National Election Council (NEC) convened its first session in Hanoi on December 12 under the chairmanship of National Assembly Chairman Nguyen Sinh Hung, also NEC Chairman. The session also saw the presence of NEC Vice Chairmen Nguyen Xuan Phuc and Nguyen Thien Nhan, Vice Chairwomen Tong Thi Phong and Nguyen Thi Doan, the council’s members and members of the NA Standing Committee. Addressing the opening ceremony, NA Chairman Hung placed emphasis on the council’s assigned task and the stricter requirements, saying that from now to the Lunar New Year (February), the council needs to make thorough preparations…... [read more]
Vietnam's rice export policy has been effective, ensuring national food security, taking into account the effects of high inflation on farmers, Prime Minister Nguyen Tan Dung told a regional meeting in Hanoi last week. "We need to deal with issues with long-term, overall benefits in mind, not just short-term or partial gains, and we have tackled the problems well," he said at the end of the ACMECS summit Friday. ACMECS (The Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy Forum) is named after the region's major rivers. The meeting included the prime ministers of ACMECS' five nations: Thailand, Vietnam, Cambodia, Laos and Myanmar.…... [read more]
