(VOVWORLD) - Vietnam had a total import and export turnover of nearly 154.3 billion USD in the first quarter of this year. Although the export turnover dropped more than 13% against last year, Vietnam still maintained a trade balance and had a trade surplus of 4 billion USD, 1.9 billion USD higher than in 2022. This will help Vietnam reach its target of 6% export growth this year.

(VOVWORLD) -Vietnam’s gross domestic product (GDP) grew 3.32% in the first quarter of this year, a 4-year low, according to the General Statistics Office. Foreign direct investment attraction and goods import and export, which used to see impressive continuous growth rates have fallen. Vietnam will need more impetus to achieve growth of 6.5% this year.

(VOVWORLD) -Quang Ninh is the first province in the Red River Delta region whose master plan until 2030, with a vision to 2050, has been ratified. The plan orients Quang Ninh toward green, sustainable growth and becoming a driver of the entire northern key economic region.

(VOVWORLD) -The Prime Minister has signed a decision approving a general adjustment to the Dung Quat economic zone construction master plan until 2045. Under the plan, Dung Quat will be developed into a multi-sector, multi-field economic center that will make Quang Ngai one of Vietnam’s more developed provinces.

(VOVWORLD) - Since the launch of the free trade agreement between Vietnam and the Eurasian Economic Union in 2016, bilateral trade between Vietnam and Kazakhstan has been on a steady rise. In the first half of last year, it rose 57% to 303 million USD. The two hope to raise two-way trade turnover to 1.5 billion USD by 2030 by leveraging a potential in agricultural products, IT, machinery, and beverages. On the sidelines of the Vietnam-Kazakhstan Business Forum in Hanoi on Thursday, Kairat Torebaev, Vice Minister of Trade and Integration of the Republic of Kazakhstan, granted VOV an interview.

(VOVWORLD) -Vietnam ranks second in the world for coffee export volume, which last year reached a record 1.7 million tons, worth more than 4 billion USD. Vietnamese coffee is sold in dozens of major markets around the world. But Vietnam has no coffee brand in the list of the 10 most expensive coffees in the world. A seminar was held early this month in Ho Chi Minh City for coffee farmers and traders to find better ways to develop brands and increase the value of Vietnamese coffee.

(VOVWORLD) -In the first two months of this year, Vietnam’s public investment performed well, but private investment including both domestic and foreign direct investment is slowing down. The increase in realized investment capital from the state budget is a positive sign of improving socio-economic infrastructure and opens up prospects of high-quality capital attraction to Vietnam.

(VOVWORLD) - Since the beginning of this year, the industry and trade sector has applied multiple solutions to raise export growth by 6% and maintain a trade surplus. The sector has focused on implementing the commitments of the Free Trade Agreements to which Vietnam is a signatory, maintaining traditional markets, and negotiating new-generation FTAs to expand export markets.

(VOVWORLD) -Thai Nguyen province earned nearly half a billion USD from tea-based products last year. It has improved tea product quality under OCOP standards and boosted trade promotion, especially e-commerce to achieve its goal of 1 billion USD revenue.

(VOVWORLD) - Adopting solutions to ensure export growth is one factor driving the Vietnamese economy this year. As green growth and a circular economy become global trends, Vietnam has adopted its international trade production and supply chains to meet the technical requirements and strict market standard of new-generation free trade agreements.