According to the Vietnam Tea Association, Vietnam currently ranks 5th in the world in tea export and 7th in global tea production.
Vietnam’s export value of pepper reached nearly 630 million USD in the first six months of 2024, an increase of over 30% compared to the same period in 2023.
Vietnam’s total export-import turnover hit 368.53 billion USD in the first half of this year, up 15.7% year-on-year. Exports increased by 14.5% and imports by 17%. The trade balance showed a surplus of 11.63 billion USD.
The average monthly income of laborers nationwide was 7.5 million VND (295 USD) in the second quarter of 2024, an increase of 19.6 USD compared to the same period last year. The growth rate of average monthly income reached 7%, 1.3 times higher than in the second quarter of 2023.
Ho Chi Minh City and Hanoi have been included in the list of the 15 fastest-developing cities in the world until 2033, which was recently released by commercial real estate brokerage firm Savills.
Vietnam's economy grew by 6.42% in the first six months of 2024, slightly lower than the figure of 6.58% in the same time of 2022 within the 2020-2024 period.
Vietnam exported 4.68 million tonnes of rice in the first six months of this year, earning 2.98 billion USD. This represents an increase of 10.4% in volume and 32% in value compared to the same period last year.
Vietnam attracted nearly 15.2 billion USD in foreign direct investment (FDI) in the first six months of this year, a year-on-year increase of 13.1%, according to the General Statistics Office.
In the first half of this year, Vietnam saw 7 export items posting a turnover of more than 7 billion USD, accounting for 65.6% of the country’s total export value.
The US’s S&P Global Ratings affirmed its 'BB+' long-term and 'B' short-term sovereign credit ratings on Vietnam, with a “stable” outlook on the long-term rating, the website disclosure.spglobal.com reported on June 20.
Vietnam's economy grew by 6.42% in the first six months of 2024, slightly lower than the figure of 6.58% in the same time of 2022 within the 2020-2024 period, according to the General Statistics Office.
In 2022, Vietnam surpassed Japan to become the third largest trading partner of the Republic of Korea (RoK), and maintained this position in 2023.
By the end of May, Vietnam's major export markets maintained impressive growth, with six markets increasing by 1 billion USD or more compared to the first five months of 2023, according to the General Department of Vietnam Customs.
Economic, trade, and investment cooperation between Vietnam and China has continuously deepened and become a highlight in their bilateral relations in recent times. China is Vietnam’s largest trading partner and its second-largest export market. Meanwhile, Vietnam is China's largest trading partner within the Association of Southeast Asian Nations (ASEAN) and its fifth-largest trading partner globally, following the US, Japan, Republic of Korea and Russia.
According to the Department of Industry and Trade of Bac Giang province, approximately 67,000 tonnes of lychee have been sold so far, representing about 67% of the province's total output. Bac Giang "thieu" lychee has found its way into many domestic and international markets, notably penetrating several demanding ones.
As of May 20, 2024, foreign direct investment (FDI) into Vietnam during the first five months of the year reached over 11.07 billion USD, up nearly 2% year-on-year, according to the Ministry of Planning and Investment.
© Vietnam News Agency
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