Trade revenue with G7 members totals 113 billion USD in 2017
Trade revenue between Vietnam and G7 countries – France, Germany, the UK, Italy, Japan, the US and Canada – reached 113 billion USD in 2017,a according to the General Customs Department of Vietnam.
Hanoi (VNA) –Trade revenue between Vietnam and G7 countries – France, Germany, the UK,Italy, Japan, the US and Canada – reached 113 billion USD in 2017,a accordingto the General Customs Department of Vietnam.
The figure showed anincrease of 9.5 percent year on year and accounted for over one fourth of thecountry’s total import-export revenue.
Of the figure,Vietnam’s export revenues were 78.98 billion USD, a rise of 8.4 percent overthe previous year and accounting for 36.7 percent of the country’s total exportvalue.
Meanwhile, importsfrom G7 countries reached 34.03 billion USD, an increase of 12.3 percent andcontributing 16 percent to total import revenue.
As a result, in 2017,Vietnam enjoyed a trade surplus of 44.95 billion USD with G7 countries.
Prime Minister NguyenXuan Phuc of Vietnam was invited to attend the G7 Outreach Summit in Charlevoix region,Canada’s Quebec state, from June 8-10.
Vietnam and Bangladesh are the only Asian countries to be invited to theevent, proving that G7 member states and the host, Canada, highly appreciateVietnam’s role and stature.-VNA
Prime Minister Nguyen Xuan Phuc and his Canadian counterpart Justin Trudeau held talks in Quebec, Canada, on June 10 (local time), agreeing on measures to step up bilateral ties across fields.
Vietnam and Bangladesh are the only Asian countries to be invited to the G7 Outreach Summit in Charlevoix region, Canada’s Quebec state, from June 8-10, proving that G7 member states and the host, Canada, highly appreciate Vietnam’s role and stature.
The Asia Pacific Foundation of Canada (APF Canada) has published on its website an interview with Vietnam’s Prime Minister Nguyen Xuan Phuc at the conclusion of the 44th G7 summit held on June 8–9, 2018, in Quebec. The following is the full text of the interview.
Prime Minister Nguyen Xuan Phuc arrived in Hanoi on June 11, concluding his trip to Canada to attend the G7 Outreach Summit from June 8-10 and for a visit of Canada at the invitation of his Canadian counterpart Justine Trudeau.
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
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.
Illustrative Image (Source: VNA) 
