Vietnam’s ranked third in the world in terms of rubber export value, with 3.24 billion USD in 2021, up 36.2 percent from the previous year, the Ministry of Agriculture and Rural Development (MARD) said.

Some foreign financial organisations have issued relatively positive predictions for Vietnam’s economy this year, with growth expected at 6.5 - 6.7 percent.

The World Bank (WB) has forecast that Vietnam’s economic recovery is likely to accelerate in 2022 as GDP growth is expected to rise to 5.5 percent from 2.6 percent in the year just ended.

Việt Nam’s imports and exports reached a record of nearly US$670 billion, an increase of almost 23 per cent from 2020.

The Narendra Modi government had walked out of the pact in November 2019.

Low labour cost, favourable geographic location and the expansion of investment abroad are three key factors helping Vietnam secure its FDI attraction.

The Việt Nam Coffee and Cocoa Association has targeted a coffee export turnover of US$5-6 billion in 2030, doubling the export value at present.

The Ministry of Industry and Trade said that on January 10 morning, China’s Guangxi province officially resumed customs clearance at border gates and border crossings in its Dongxing city bordering Mong Cai city of Vietnam’s Quang Ninh province, including bridges Bac Luan 1 and Bac Luan 2, and pontoon bridge Km 3+4.

Laos has been the largest recipient of Vietnam’s overseas investment so far, with 209 projects totalling 5.1 billion USD in registered capital, Minister of Planning and Investment Nguyen Chi Dung has said.

Vietnam bought nearly 80 percent of Cambodia’s nearly $5 billion worth of agriculture exports last year.