The week-long visit builds momentum for the US-Vietnam Comprehensive Partnership and reaffirms Vietnam as a reliable and responsible member of the international forums.

For Vietnam to realise its aspiration for reaching high income status by 2045, the country will need to shift its economic growth model and sharply improve the government’s capacity to coordinate and implement economic policy reforms and public investments, a World Bank Group report says.

The visit paid by the Singaporean parliament speaker is aimed to realize the agreement reached by the countries’ top leaders during Vietnamese President Nguyen Xuan Phuc’s visit to the neighboring country in February 2022.

Indonesia is the world’s largest palm oil producer. On 28 April 2022, the government ordered an export ban designed to address domestic cooking oil shortages and reduce food prices. The policy extends to crude oil and refined products, and is expected to last until the price of cooking oil dips below Rp 14,000 (US$1) per litre.

The Russian Federal Service for Veterinary and Phytosanitary Supervision (FSVPS) have recently added two more seafood enterprises to the list of Vietnamese firms permitted to export to the Eurasian Economic Union (EAEU), as of May 4.

Leaders of US economic and financial groups such as Kohlberg Kravis Roberts (KKR), VISA, Citigroup, and Standard & Poor’s all hailed Vietnam’s development potential during separate meetings with visiting Vietnamese Prime Minister Pham Minh Chinh.

Virginia B. Foote, President of the Board of the US International Centre, speaks to Vietnam News Agency reporters on the sidelines of Prime Minister Phạm Minh Chính’s meeting with US enterprises in New York on May 16. — VNA/VNS Photo

The Regional Comprehensive Economic Partnership (RCEP), which entered into force on January 1, 2022, is expected to boost Vietnam’s export and improve its access to large consumer markets, according to Standard Chartered Bank.

Goods at Cát Lái Port in HCM City. Demand for Việt Nam's export goods can be reduced due to the global economic slowdown in the wake of the Fed’s rate increase. — VNA/VNS Photo

AsemconnectVietnam - In the first 4 months of 2022, Vietnam’s imports of animal feed and raw materials reached over 1.43 billion USD, down by 12.9% compared to the first 4 months of 2021.