Việt Nam News

Vietnam Electricity (EVN) has been accepted as the investor of the $1.19 billion Ô Môn III thermal power plant located in Cần Thơ city, under a decision issued by the municipal People’s Committee.

The International Exhibition on Energy Power Vietnam (EPV) Solutions; Heating, Ventilation, Air-Conditioning, Air Purification and Refrigeration Systems (HVACR); Marine (INMEX) all opened on Wednesday at the Saigon Exhibition and Convention Center in HCM City.

The connection between the marine freight route from Việt Nam to Vladivostok (Russia) and a rail route from Vladivostokt to Moscow was launched at a ceremony on September 6.

To date, Việt Nam has signed 15 FTAs with many countries and regions, of which the UK-Việt Nam Free Trade Agreement (UKVFTA) was the latest put into force in May last year.

Hà Nội has 159 supply chains, many of which are self-contained from production to distribution and consumption, so they have created strong brands in the market.

The UK – Việt Nam Free Trade Agreement (UKVFTA) was providing significant opportunities for Việt Nam to expand the export of steel and iron products in the UK.

Contrary to full orders at the beginning of the year, Vietnamese wood and wooden furniture enterprises are currently facing many difficulties due to the cancellation of orders by customers because of inflation in countries such as the US and the EU and the sharp increase in input material costs.

On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index remained unchanged at 1,277.40 points. The index had declined 0.25 per cent to close Monday at 1,277.35 points.

According to the department, the province is now home to 143 enterprises which are exporting 14 groups of goods to the EVFTA member countries. These enterprises exported US$241 million worth of products in 2021, up 23.4 per cent year-on-year.

Under Document 752/TTB-P5 issued by the inspectors, the five firms comprise Đồng Tháp Petroleum Trading Import and Export JSC, Tín Nghĩa Petroleum Import and Export JSC, Hồ Chí Minh City Petroleum Company LTD, Hùng Hậu Petroleum Company LTD, and Orient Oil & Gas JSC. 

Progress has been made in reducing Việt Nam's public debt according to the latest report released by the Ministry of Finance.

The index of industrial production (IIP) in the first eight months of 2022 surged 9.4 per cent over the same period last year, according to the General Statistics Office (GSO).

Việt Nam passed South Korea to lead the consumption per capita of instant noodles in the world in 2021, according to the World Instant Noodles Association (WINA).

Analyst’s Pick: The entry into force of the EU-Việt Nam Free Trade Agreement (EVFTA) in August 2020 ­– the most ambitious and comprehensive agreement that the EU has ever concluded with a developing country – is a step further in the development of the bilateral relation after three decades, presents a win-win relationship for both Việt Nam and EU, and is deemed a “highway” connecting the bloc and the Southeast Asian country.

PM Chính suggested Standard Chartered Bank strengthen its support for Việt Nam in the process of digital transformation, green transformation, energy transformation towards sustainability and adaptation to climate change.

With a revenue of US$117.7 billion in 2021, the UK is the fourth largest market for e-commerce in the world, placing it ahead of Germany and behind Japan, according to a global provider of market and consumer data Statista.

Last month, the benchmark even witnessed an outstanding breakthrough with a gain of more than 74 per cent over the previous month.

Việt Nam's leather and footwear enterprises face many challenges in the remaining five months of 2022, especially the lack of market information, according to the Việt Nam Leather, Footwear and Handbag Association (Lefaso).