Vietnam’s total garment-textile export turnover was estimated at 14.5 billion USD in the first five months of 2019, a year-on-year rise of 9.11 percent.
Garment-textile export turnover was estimated at 14.5 billion USD in January-May 2019 (Photo: VNA)
Hanoi (VNA) – Vietnam’s totalgarment-textile export turnover was estimated at 14.5 billion USD in the firstfive months of 2019, a year-on-year rise of 9.11 percent.
Apparel exports hit 11.2 billion USD, fabric 856million USD, and yarn 1.6 billion USD, according to the Vietnam Textile &Apparel Association (VITAS).
Meanwhile, the industry imported 9.3 billionUSD worth of materials and accessories, up 12 percent from the same period lastyear. VITAS has set the industry’s export turnovertarget this year at 40 billion USD, a 10.8 percent year-on-year increase from2018.
In January-May, fruit and vegetable exports stoodat 1.83 billion USD, a year-on-year increase of 10.3 percent.
China was the top fruit and vegetable exportmarket, accounting for 74.26 percent of market share, followed by the US at3.16 percent, the Republic of Korea with 3.03 percent and Japan’s 2.53 percent.
The fruit and vegetable sector aims to grossnearly 4.2 billion USD in export turnover in 2019.
To realise this goal, the sector will expandfruit growing area to one million hectares and develop five main fruits insouthern localities, namely dragon fruit, mango, durian, rambutan and longan,according to the Department of Crop Production under the Ministry ofAgriculture and Rural Development.
The two industries have ample opportunities toexpand their markets under the Comprehensive and Progressive Agreement forTrans-Pacific Partnership (CPTPP), which came into effect in January.-VNA
In recent years, many foreign fruit exporters have entered Vietnam to take advantage of local people’s rising popularity of imported fruit in the country.
The Vietnam Textile and Apparel Association (Vinatex) has reported that total export earnings of the garment and textile sector in the first quarter reached nearly 8.7 billion USD, up 11.31 percent over the same period last year.
Vietnam should develop quality varieties and improve cultivation techniques if the country wishes to bolster shipments of dragon fruits, experts said at a seminar held by the Ministry of Agriculture and Rural Development (MARD) and the Embassy of New Zealand in Vietnam on June 5.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
Garment-textile export turnover was estimated at 14.5 billion USD in January-May 2019 (Photo: VNA) 
