Trade – Investment

LG Innotek has announced that it will invest KRW375.9 billion, equal to VND6.8 trillion, to expand its production subsidiary in the northern province of Hai Phong.

Vietnamese economy sees bright spot in exports in the past ten months as seven items enjoyed export turnover of more than 10 billion USD and 31 items bagged export value of more than 1 billion USD.

Cooperation in the Halal industry can help Vietnamese products reach nearly 2 billion Muslim consumers worldwide, representing over 24% of the global population, according to Malaysia’s Minister of Investment, Trade, and Industry Zafrul Abdul Aziz.

Vietnam’s textile and garment industry aims to achieve 47–48 billion USD in export turnover in 2025, according to Vu Duc Giang, Chairman of the Vietnam Textile and Apparel Association (VITAS).

Vietnam earned 6.4 billion USD from exports to the UK in the first 10 months of this year, marking a year-on-year rise of 22%, reported the General Department of Vietnam Customs.

Vietnam’s tra fish export could reach the set target of 2 billion USD this year driven by industry improvements, heard a workshop held in Cao Lanh city, the Mekong Delta province of Dong Thap, on November 17.

Deputy Minister of Planning and Investment Do Thanh Trung has announced that his ministry received over 3.34 million USD funded by Switzerland’s State Secretariat for Economic Affairs (SECO) to promote circular economy and mitigate climate change impacts in industrial zones in Vietnam.

(CPV) - The capital city of Hanoi has been implementing many key solutions to develop the economy. One of those solutions is to promote digital economy and green economy towards sustainable development.

Vietnam exported over 1.44 million tons of fertilizers of all kinds in the first ten months this year, equivalent to nearly 590.54 million USD, up 10.9% in volume, up 9.36% in value compared to the same period in 2023, according to statistics from the General Department of Customs.

The Can Tho City Institute for Socio-Economic Development on November 15 hosted the annual economic forum 2024.

Despite challenges in the global rice market, Vietnam's is still on a right track to a new export volume record of over 8 million tonnes in 2024, surpassing last year’s result, according to insiders.

(CPV) - Representatives of PetroVietnam Insurance Corporation (PVI Insurance) have recently attended the 20th Singapore International Reinsurance Conference (SIRC), held at the Sands Expo and Convention Center, Marina Bay Sands, Singapore.

The fair, themed “Sharing Development - Cooperation for Mutual Benefit”, is an opportunity for businesses to introduce products, seek partners and expand markets.

The country spent 312.28 billion USD on imports of goods and raw materials, up 16.8% over the same period last year accounting for 89% of the imported goods for production recovery, said the Ministry of Industry and Trade on November 13.

(CPV) - The seafood sector has received good news as its export turnover returned to the 1 billion USD mark in October 2024 after more than 2 years. Besides positive signals and many growth opportunities from major import markets, the sector still faces many major challenges to complete the export target of 10 billion USD this year.

Viettel on November 13 officially announced the commercial launch of its Open RAN (O-RAN) 5G Network, featuring key equipment developed in-house at the 5G Open RAN Connect conference held at the Viettel High Tech headquarters in Hanoi.

Vietnam’s seafood exports were valued at over 1 billion USD in October 2024, according to the Ministry of Agriculture and Rural Development.

As of October 15, 2024, Vietnam’s pangasius exports to the Canadian market reached 32 million USD, up 10% over the same period last year.

The two-way trade turnover between Vietnam and China reached 168.5 billion USD in Jan-Oct 2024, according to the latest report from the General Statistics Office (GSO).

After 10 years of implementation, Directive 40-CT/TW of the Secretariat on strengthening the Party’s leadership over social policy credit has promoted its effectiveness with many outstanding achievements.

Vietnam’s industrial and digital sectors are experiencing a strong growth, fueled by a surge in foreign direct investment (FDI) inflows, large-scale infrastructure projects, and a favourable legal environment, according to Savills Vietnam.

The list of the 500 largest enterprises in Vietnam (VNR500) was revealed by the Vietnam Report JSC and online newspaper VietNamNet in Hanoi on November 8.

Vietnam's pepper exports saw a 1.9% year-on-year decrease in volume but a significant 48% increase in value thanks to higher prices in the first 10 months of 2024, according to the Vietnam Pepper and Spice Association (VPSA).

Retail sales of goods reached an estimated 4,048.6 trillion VND in the first ten months of 2024, accounting for 77.2% of the total and a year-on-year increase of 7.8%, according to the General Statistics Office (GSO).

(CPV) - Green consumption is becoming a trend in many countries around the world, especially popular in developed countries, and is spreading strongly to developing countries with average incomes and above.

Increases in prices of food, gasoline, oil and housing rental rates are the main contributors to the Consumer Price Index (CPI) rise in October 2024 nationwide, according to the General Statistics Office (GSO).

The upcoming official visit to Chile by President Luong Cuong is expected to open up new opportunities for trade relations between the two countries, especially as bilateral trade ties have made impressive progress in recent times.

Vietnam is expected to become a reliable partner in the global semiconductor supply chain, heard a workshop in Hanoi on November 7.

State budget collection from import and export activities surged 14.5% year-on-year to nearly 346.3 trillion VND (13.7 million USD) in the first 10 months of 2024, reaching 92.3% of the annual target, the General Department of Vietnam Customs reported on November 7.

As the world's third largest rice exporter, Vietnam spent nearly 1.2 billion USD importing rice over the past ten months.