Economy

The Vietnam Foodexpo 2022, one of the major exhibitions in the food industry, opened in Ho Chi Minh City on November 16, drawing nearly 400 businesses from 30 domestic localities and nearly 20 foreign countries and territories.

A business matching event was held in Ho Chi Minh City on November 15 to help Vietnamese enterprises seek partners and opportunities for export to Japan.

Around 20 Vietnamese farm produce exporters attended VegfestUK 2022 – the UK’s biggest indoor vegan festival – on November 12-13 in London.

The packaging industry is expected to grow at 12.3% a year until next year, according to the Vietnam Packaging Association.

Vietnam has been removed from the US's monetary manipulation monitoring list, according to the State Bank of Vietnam (SBV).

Vietnam has high potential to develop a ginseng farming and processing industry that generates billions of USD, stated President Nguyen Xuan Phuc at the opening of the Lai Chau Ginseng Fair 2022.

The retail price of RON 95-III bio-fuel almost reached 24,000 VND (0.97 USD) per litre from 3pm on November 11, following the latest adjustment by the Ministries of Industry and Trade, and Finance.

Vietnam exported 4.94 billion USD worth of goods to Cambodia in the first 10 months of this year, up 25.6% year on year, higher than the figure recorded in the whole 2021, according to the General Department of Vietnam Customs.

On November 9, Long An Department of Industry and Trade organized a workshop on promoting the development of Vietnam's border trade infrastructure in Long An.

Australia’s import of shrimp from Vietnam has surged this year while imports from Thailand and China have dropped, the Vietnam Association of Seafood Exporters and Producers said, citing data of the International Trade Center.

On November 8, Long An delegation led by Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee - Nguyen Van Ut visited and worked with Kobelco Group (Japan).

Aquatic exports are forecast to have hit a record of 10 billion USD in this November thanks to businesses’ flexible adaptation to changes in the global market.