93 billion light years

Fish being processed for export by workers of Sai Gon Aquatic Products Trading JSC in HCM City. — VNA/VNS Photo Xuan Anh Viet Nam’s trade balance posted positive US$1.29 billion in the first two months of the year, the General Department of Customs has said. The country’s trade turnover during January-February topped some $95.81 billion, a year-on-year surge of 25.4 per cent. Of the total, exports amounted to $48.55 billion, a yearly hike of 23.2 per cent, while imports were estimated at $47.26 billion, or 25.9 per cent higher than the same time last year. Foreign-invested companies accounted for 76.4 per cent, or $37.07 billion, of Viet Nam’s total export turnover. Meanwhile, the domestic sector shipped abroad $11.48 billion worth of products. There were nine commodities joining the billion-USD export club, including telephones and parts ($9.3 billion, up 22.8 per cent year-on-year); electronics, computers and parts ($6.9 billion, up 27.3 per cent); equipment, machines and … [Read more...] about Viet Nam racks up $1.29 billion in trade surplus in two months

Fish being processed for export by workers of Sài Gòn Aquatic Products Trading JSC in HCM City. — VNA/VNS Photo Xuân Anh HÀ NỘI Việt Nam’s trade balance posted positive US$1.29 billion in the first two months of the year, the General Department of Customs has said. The country’s trade turnover during January-February topped some $95.81 billion, a year-on-year surge of 25.4 per cent. Of the total, exports amounted to $48.55 billion, a yearly hike of 23.2 per cent, while imports were estimated at $47.26 billion, or 25.9 per cent higher than the same time last year. Foreign-invested companies accounted for 76.4 per cent, or $37.07 billion, of Viet Nam’s total export turnover. Meanwhile, the domestic sector shipped abroad $11.48 billion worth of products. There were nine commodities joining the billion-USD export club, including telephones and parts ($9.3 billion, up 22.8 per cent year-on-year); electronics, computers and parts ($6.9 billion, up 27.3 per cent); equipment, … [Read more...] about Việt Nam racks up $1.29 billion in trade surplus in two months

The Hanoitimes - Hanoi hopes trade link will support its export-driven economy while London is trying to secure trade deals ahead of the transition period after Brexit. Vietnam and the UK have agreed refresh and strengthen their strategic partnership and set the framework for forging ahead in the next decade. Vietnam and the UK look to forge ahead the partnership in the next decade. Photo: MOFA The two sides adopted a joint declaration at a meeting between Vietnamese Deputy Prime Minister and Minister of Foreign Affairs Pham Binh Minh and UK Foreign Secretary Dominic Raab on September 30 during the British diplomat’s visit to Hanoi, the first by a European politician to Vietnam since the start of the Covid-19 pandemic. The declaration, which marks a milestone of 10 years of the Vietnam-UK Strategic Partnership, outlines the UK and Vietnam’s commitment to further strengthening the bilateral partnership. It includes (1) deepening bilateral trade and … [Read more...] about Vietnam, UK set upward trajectory for next 10 years

The Hanoitimes - The foreign-invested sector made up 76.4% of Vietnam’s total exports in the first two months with US$37.07 billion, representing an increase of 30.5% year-on-year. Vietnam reported an estimated trade deficit of US$800 million in February, narrowing the trade surplus in the first two months of 2021 to US$1.29 billion in 2019, the General Statistics Office (GSO) has said in a monthly report. Data: GSO. Chart: Ngoc Thuy Overall, Vietnam's trade turnover in the January-February period is likely to rise by 24.5% year-on-year to reach US$95.81 billion, of which its export value could amount to US$48.55 billion, up 23.2% year-on-year, and imports are estimated at US$47.26 billion, up 25.9%. According to the GSO, the foreign-invested sector made up 76.4% of the total exports with US$37.07 billion, representing an increase of 30.5% year-on-year, and the domestic-invested sector with US$11.48 billion, or 23.6% of the total. Among Vietnam’s key … [Read more...] about Vietnam posts trade surplus of US$1.3 billion in 2-month period

A wind farm of Trung Nam Group in Ninh Thuan province in the central region of Vietnam (Photo courtesy of the Group) Hanoi (VNS/VNA) - Vietnam needs about 128.3 billion USD of investment capital to develop its electricity industry in 2021-2030, according to draft electricity planning released by the Ministry of Industry and Trade (MoIT). On February 9, the MoIT issued a draft national electricity development planning project for 2021-2030, with a vision to 2045 or the power master plan VIII and asked other ministries and agencies to contribute their ideas. With forecasts that Vietnam's GDP growth will reach an average of 6.6 percent per year in 2031-2045 and 5.7 percent per year in 2031-2045, the MoIT forecast the supply of commercial electricity to reach 491 billion kWh by 2030, and 877 billion kWh by 2045. The draft expected by 2030, the total installed capacity of electricity sources in the country would reach 137.2 GW including 27 percent from coal-fired … [Read more...] about Vietnam needs 128.3 billion USD to develop electricity industry