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Investment, export, domestic consumption: three main pillars of economic growth in 2022

Việt Nam’s gross domestic product (GDP) in 2021 expanded by 2.58 per cent on the previous year, despite the adverse impact of the COVID-19 pandemic on all fields of the national economy, according to the General Statistics Office (GSO).

Four important solutions to remove congestion of goods at the border gate

Regarding basic solutions to remove difficulties and congestion of goods at the northern border gates, the Ministry of Industry and Trade recommends reducing spontaneous production and increasing production according to market signals and orders.

What makes a record of more than US$600 billion of import and export

As of December 15, Vietnam's import and export turnover reached US$633 billion, setting an impressive record, far exceeding the US$600 billion mark. In the past 10 years, the structure of Vietnam's industry has also changed significantly with the strong rise of high-tech products such as phones, computers, and machinery.

Four groups of policies create momentum for import and export

In an interview with Customs News, Dr. Le Quoc Phuong, former deputy director of the Information Center for Industry and Trade (Ministry of Industry and Trade), said that four major policy groups have been implemented, including domestic trade liberalization, promotion of international economic integration, upgrading of soft infrastructure and upgrading of hard infrastructure that have promoted the imports and exports of Vietnam.

Supporting policy response for small and medium enterprises in FTAs

Talking to Customs News, Dr. To Hoai Nam, Standing Vice Chairman and General Secretary of the Vietnam Association of Small and Medium Enterprises, said that small and medium enterprises face more challenges in the process of integration and making effective use of free trade agreements (FTA) due to many internal obstacles and legal regulations.

Growing ‘stars in the midst of difficulties

The Covid-19 pandemic has pushed a series of businesses into unprecedented difficulties, of which many have had to leave the market. However, in contrast, other industries and businesses can successfully reverse the flow thanks to unexpected advantages created in the context of the pandemic. In the midst of this difficulty, many records of profits were set.

Ho Chi Minh City's economic motivation from import and export activities

For the first time in the history of Ho Chi Minh City since the renovation period, HCMC's economy in 2021 will shrink 6.78%. In that gloomy picture, the import and export activities of enterprises, as well as the collection of the State budget in Ho Chi Minh City, are considered outstanding highlights.

US anti-dumping decision poses threat to Vietnamese raw honey businesses

Since the US Department of Commerce decided to apply the highest ever tariff rate (over 412 per cent) for raw honey imported from Việt Nam, which exports more than 90 per cent of its honey to the US, small honey companies have been like a beehive under attack.

Support policies are “taking effect”

As another year of Covid-19 has passed, most enterprises are still negatively affected. However, supportive policies have been issued simultaneously and are gradually taking effect on enterprises, bringing expectations of recovery and development in the near future.

Heavy Inflation pressure in 2022

Given inflation in 2022, Ms. Nguyen Thu Oanh, Director of the Price Statistics Department (General Statistics Office) said, entering 2022, inflation pressure is very great. Due to the high capability of Covid-19 control in 2022, the inflation rate will be affected by the global escalation of raw material prices such as gasoline, coal and transportation.

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