After 25-year ASEAN membership and ten-year WTO admission, Viet Nam has emerged as the world's 22nd largest exporter, said Minister of Industry and Trade Tran Tuan Anh.
Budget collection of the northern province of Ninh Binh in 2019 continues to see 4th consecutive year of growth, estimated at over 15.2 trillion VND ($656 million), marking the highest level recorded in five year period (2015 - 2020) .
Total export turnover of agriculture, forestry and fishery products is expected to reach USD41.3 billion in 2019, a year-on-year rise of about 3.5%, according to the Ministry of Agriculture and Rural Development.
Vietnam's foreign trade turnover is likely to surpass US$500 billion in 2019, Deputy Minister of Industry and Trade Do Thang Hai said at a press conference in Hanoi on December 12.
A delegation of Central's former ministers paid a fact finding tour to Hyundai Thanh Cong Vietnam Auto Joint-Stock Company,Gian Khau industrial zone, Ninh Binh province, on December 10.
Vietnam's export turnover of wood and forestry products is forecast to hit US$11 billion in 2019, according to an official from the Vietnam Administration of Forestry (VAF).
Vietnam attracted US$29.11 billion in foreign direct investment (FDI) in the first eleven months of 2019, up 3.1% over the same period last year, according to the Ministry of Planning and Investment.
As of November 15, disbursement of foreign capital for infrastructure construction was estimated at VND10.374 trillion, according to the information released by the Ministry of Finance.
Vietnam reported US$428.63 billion worth of import and export revenue in the first 10 months of 2019, up 8% compared to the same period in 2018, according to the General Department of Vietnam Customs.
Vietnam's export revenue was estimated at 217.05 billion USD in the first 10 months of this year, up 7.4 percent annually, according to the Ministry of Industry and Trade.
The index of industrial production (IIP) for the first 10 months of this year increased by 9.5 percent from the same period last year, led by the manufacturing-processing sector.
Ninh Binh is estimated to earn an export revenue of over 2 billion USD in the first 10 months of 2019, representing a surge of 69.1 percent against same period last year.
As many as 7,247 enterprises resumed their business activities in October, three times higher than the previous months and up 109.9% over the same period in 2018, the General Statistics Office has announced.
The industrial sector in the northern province of Ninh Binh has maintained strong performance, with the January-September period's index estimated to hit over 54 trillion VND,rising 30.4 percent year-on-year.
Vietnam needs a long-term strategy to increase the quality of its rice exports to create sustainable growth in the future, experts say.
The Republic of Korea (RoK) is working hard to conclude free trade talks with Malaysia, the Philippines and Indonesia before November when leaders of the Association of Southeast Asian Nations (ASEAN) meet for the ASEAN-RoK Commemorative Summit in the country.
Exports to all of Viet Nam's FTA partners grew well in the first nine months this year, contributing a trade surplus of US$ 6 billion in the reviewed period, according to the Ministry of Industry and Trade.
The nothern province of Ninh Binh's industrial production value has surpassed 54.63 trillion VND ( 2,3 billion USD) since early this year, up 30.4 percent annually.
Foreign investors poured 26.16 billion USD into Vietnam in the first nine months of this year, up 3.1 percent over the same period in 2019, according to the General Statistics Office.
The Vietnamese economy is predicted to maintaina healthy growth in 2019 and 2020 at 6.8% and 6.7% respectively after a robust growth of 7.1% in 2018, according to the latest report released by the Asian Development Bank (ADB).
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