Trade – Investment

With a high digital economic growth rate of about 20% per year, and the fastest rise in e-commerce in the ASEAN region, Vietnam is moving close to the position of top three biggest countries in the ASEAN region in terms of its digital economy.

Standard Chartered has revised up its forecast for Vietnam’s 2024 GDP growth to 6.8% from the previous 6.0%, reflecting the stronger-than-expected expansion in the third quarter of this year.

The Vietnamese Goods Week opened at Carrefour Collégie mega mart in Paris on October 18, drawing a large number of shoppers.

The Australia-Vietnam Policy Institute (AVPI) Conference 2024 was held in Adelaide city on October 17, under the theme of “Embracing transition, transformation and trust: Exploring the future of the Australia-Vietnam relationship”.

Hoa Phat Group has announced that its subsidiary Hoa Phat Refrigeration Company exported the first batch of Double Inverter two-door top-freezer refrigerators, with a capacity of 286 liters, to the US.

Vietnam is becoming a global automotive tyre manufacturing hub, with the export turnover of technical rubber products expected to reach 4 billion USD in 2024, according to Nguyen Quoc Anh, Chairman of the Ho Chi Minh City Rubber and Plastics Manufacturers Association.

Germany international broadcaster Deutsche Welle (DW) recently ran an article on its website spotlighting several factors driving Vietnam’s economic growth.

Vietnam imports corn from five major markets, with Argentina emerging as the largest supplier, accounting for 57% of the country’s total corn imports over the past nine months, according to the General Department of Vietnam Customs.

The Viettel Military Industry and Telecoms Group (Viettel) has, for the 9th consecutive year, been honoured as one of the 100 most valuable Vietnamese brands in 2024 by Brand Finance - the world's leading brand valuation consulting company.

Remittances sent by overseas Vietnamese to Ho Chi Minh City are expected to surge about 10% in 2024 from a record high of 9.46 billion USD in 2023, according to Nguyen Duc Lenh, Deputy Director of the State Bank of Vietnam (SBV)’s Ho Chi Minh City Branch.

The Hanoi Department of Industry and Trade on October 16 opened an exhibition showcasing key industrial products of the capital with the participation of over 200 booths from key industrial enterprises in Hanoi, as well as major domestic and foreign companies from across the country.

The 22nd Vietnam International Plastics and Rubber Industry Exhibition (VietnamPlas 2024) opened in Ho Chi Minh City on October 16 with 700 exhibitors from 20 countries and territories.

The Vietnamese sugar industry has led the region in sugar productivity for the first time, according to the Vietnam Sugarcane and Sugar Association (VSSA).

A business connection programme to foster cooperation between Vietnam and the Republic of Korea (RoK) in smart city development is underway in Ho Chi Minh City.

Chairman of the Ho Chi Minh (HCM) City People’s Committee Phan Van Mai has just signed a document directing departments, branches, People's Committees of districts, and Thu Duc City to thoroughly grasp, strictly comply with, and run the peak period of public investment disbursement in 2024 from October 15 to the end of the 2024 planning year.

The northern province of Bac Ninh saw positive recovery in the index of industrial production (IIP) in the first nine months of 2024 with a 7.5% increase compared to the same period last year.

China continued to be the largest market supplying garment fabrics to Vietnam in the first nine months of 2024, accounting for more than 67% of the total import turnover of this item.

Automaker VinFast, a subsidiary of conglomerate Vingroup, has announced it delivered more than 9,300 cars to customers in September, securing the leading position in the Vietnamese automobile market in the month.

Vietnam’s economy has recovered quickly despite external uncertainties and extensive damage caused by Typhoon Yagi, which has greatly affected all socio-economic activities and people’s lives.

Party General Secretary and State President To Lam lauded Vietnamese entrepreneurs’ vital contributions to socio-economic development during a meeting in Hanoi on October 11, ahead of the 20th anniversary of Vietnam Entrepreneurs' Day (October 13).

The Vietnam Elevator Expo, the largest and only exhibition of its kind in the country, will take place from December 5-7, 2024 in Ho Chi Minh City.

The Ministry of Industry and Trade (MoIT) has issued a decision approving a price framework for electricity imports from Laos starting from December 31, 2025.

Vietnam has imported a total of 124,090 completely-built-up (CBU) cars worth US$2.566 billion over the past nine months, up 32.6% in volume and 16% in value year on year, the General Statistics Office (GSO) unveiled.

The Vietnam Bank for Social Policies (VBSP)’s branch in Hanoi on October 9 held a conference to assess the implementation of tasks in the first nine months of the year and carry out tasks for the fourth quarter.

(CPV) – The northern province of Bac Ninh attracted over 4.2 billion USD of FDI capital in the first nine months this year, continuing to lead the country in FDI attraction.

(CPV) - Ho Chi Minh (HCM) City plans to develop logistics into a key economic sector by 2045 with high competitive capacity in the region and the world.

Japonica - AAN has become the second Vietnamese rice brand to have entered Japan, with a ceremony held on October 9 to debut the produce.

Vietnam earned over 16.53 billion USD from footwear exports in the first nine months of 2024, a year-on-year rise of 12.5%, according to the General Statistics Office (GSO).

Pangasius export turnover reached an estimated 1.46 billion USD in the first nine months of the year, a year-on-year increase of 8%, according to the Vietnam Association of Seafood Exports and Producers (VASEP).

Vietnam has exported 11, 600 tons of rubber to the Malaysian market since the beginning of 2024, worth 16 million USD, up 178% in volume and 194% in value.