KTFA:  Vietnam:

Henig:  January surplus signals good foreign trade year

06:00 | 27/02/2023

(VEN) - Vietnam’s total import-export value in January 2023 was estimated at US$46.56 billion, with imports reaching US$25.08 billion, and exports US$21.48 billion, yielding a trade surplus of US$3.6 billion.

Vibrant foreign trade

Positive signs of import, export activities in the first month of the year promise satisfactory results of foreign trade throughout 2023.

The border crossings with China in Quang Ninh, Lao Cai and Lang Son provinces have resumed busy operations after the week-long Lunar New Year (Tet) holiday (January 20-26). On the morning of January 28, 120 trucks carrying import, export goods passed Bac Luan 2 Bridge and pontoon bridge Km3+4 Hai Yen of the Mong Cai International Border Crossing in Quang Ninh Province.

KTFA:  Vietnam

Henig:  Vietnamese banking brands climb in value

February, 27/2023 - 09:18

Vietnamese banks showed great performance in 2022, consolidated by a credit growth rate of nearly 13 per cent and an economic growth rate of 8 per cent, the highest in the last 25 years.

HÀ NỘI — Vietnamese banking brands are riding high with a growth of 31.3 per cent in brand value in 2023, according to Brand Finance Banking 500 Report.

Almost all the 12 Vietnamese banks featured in the report have climbed in their global rankings. However, Agribank – the second most valuable brand in Việt Nam – runs counter to the trend by dropping two positions. Its brand value grew by just 1.7 per cent to hit $1.4 billion. 

KTFA:

Henig:  Vietnam, China’s Hainan province strengthen trade ties

06:10 | 26/02/2023

Minister of Industry and Trade Nguyen Hong Dien and the visiting Secretary of the Party Committee of China’s Hainan province, Shen Xiaoming, reached consensus on measures to strengthen trade ties at a meeting in Hanoi on February 22.

The host official expressed his belief that as the world’s biggest free-trade port, Hainan will play an increasingly important role in trade between Vietnam and China, helping increase Vietnam’s exports and reduce the trade imbalance.

KTFA: Vietnam:

Henig:  Swiss daily: Vietnam becomes a new destination for foreign companies

13:15 | 25/02/2023

Swiss daily Tribune de Gèneve has recently published an article hailing Vietnam as a new destination for foreign companies.

The article said two-way trade between Switzerland and Vietnam hit about 3.2 billion USD in 2020. Switzerland is well-positioned to leverage advantages brought about by the Vietnamese economy.

Hundreds of Swiss companies have been among the most important European investors present in Vietnam. In particular, the Swiss industrial equipment sector should fully tap the growing trend of "Made in Vietnam" products.

KTFA:  Vietnam

Henig:  VNĐ7.4 trillion earmarked for rail infrastructure development this year

09:00 | 22/02/2023

Six projects worth over VNĐ7.4 trillion (US$310.46 million) are expected to begin this year serving railway infrastructure upgrade.

Of the five of these, using State capital for the middle-term public investment plan for the 2021-25 period, three with a total valued at more than VNĐ 3.1 trillion involved the Hà Nội-Vinh, Vinh-Nha Trang, and Nha Trang-Sài Gòn sections of the North-South railway. The upgrade of these sections, which are about 1,725km long in total, is scheduled to be completed in 2025.