Trade – Investment

Vietnam exported 235,335 tons of pepper between January and November 2024, valued at 1.22 billion USD, down 3.5% in volume but up 46.9% in value year on year, according to the Vietnam Pepper and Spice Association (VPSA).

Vietnam earned 250 million USD from cinnamon exports in Jan-Nov 2024, according to the Vietnam Pepper and Spice Association (VPSA).

Trade between Vietnam and the US reached 122.4 billion USD in Jan-Nov 2024, surpassing the total for 2023, which was nearly 111 billion USD, according to the General Statistics Office (GSO).

(CPV) - The Vietnam Bank for Social Policies (VBSP) has organized a conference to thoroughly grasp and implement Directive 39-CT/TW, dated October 30, 2024 of the Secretariat on improving the effectiveness of social policy credit in the new period.

More than 218,500 enterprises were established and resumed operations in Vietnam in the past 11 months of 2024, a year-on-year increase of 7.4%, according to the General Statistics Office (GSO).

E-commerce is a form of online business that uses information technology platforms with the support of the Internet to conduct online transactions, exchanges and payments.

(CPV) - Hanoi attracted 152 million USD in foreign direct investment (FDI) in November 2024, bringing the total from the start of the year to 1.8 billion USD, according to the municipal Department of Planning and Investment.

(CPV) - An Australian tech and innovation delegation, led by Jonathan Saw, Austrade’s Trade and Investment Commissioner to Vietnam, has worked Hanoi and Hai Phong as part of Austrade Vietnam’s Tech In-Market Immersion Program.

The wood sector expects to earn 15.5-16 billion USD from exports this year, given a nearly 21% growth rate to 13.18 billion USD in the first 10 months.

The Ministry of Industry and Trade officially launched the 'Vietnam Grand Sale 2024', a national promotional campaign held until December 31, across the country on December 2.

The Ministry of Industry and Trade launched Vietnam Online Friday 2024 on November 29 evening aimed at boosting e-commerce and providing consumers with the opportunity to purchase quality products at discounted prices.

(CPV) - The US has always been a potential and attractive market for Vietnamese export enterprises. Despite changes in trade policies, opportunities are still open for many key industries of Vietnam such as electronics, machinery, textiles, seafood and agricultural products.

(CPV) - The first shipments of fresh coconuts were officially exported to the Chinese market at the end of October. If this opportunity is well taken advantage of, coconut exports to China could bring in an additional 200 - 300 million USD this year, contributing to bringing Vietnam’s total coconut export turnover to the 1 billion USD mark soon.

As of mid-November 2024, the country's pepper exports reached 1.1674 billion USD, said the Vietnam Pepper and Spice Association on November 28.

(CPV) - The 2024 rural youth startup project contest is a special playground to encourage rural youth to promote the spirit of entrepreneurship and career building, contributing to building a modern and sustainable agricultural economy.

(CPV) – The Ministry of Transport disbursed 51.2 trillion VND in Jan-Nov 2024, nearly 68% of the year’s plan, said the ministry’s Department of Planning and Investment on November 26.

Prime Minister Pham Minh Chinh on November 27 ordered the Governor of the State Bank of Vietnam (SBV) to outline solutions aimed at improving credit management for 2024 in the face of evolving global economic challenges.

The number of passengers traveling through airports managed by the Airports Corporation of Vietnam (ACV) during the 2025 Lunar New Year (Tet) holiday is expected to reach 10.5 million, exceeding the 10 million recorded during the same period last year, according to Nguyen Dang Minh, head of ACV’s airport operations department.

The An Giang People’s Committee held a conference in Ho Chi Minh (HCM) City on November 26 to introduce investment potential and promote typical products in the province.

More than 17 million Vietnamese products are exported online, up 50% in value and 40% in number of partners. Overall, cross-border e-commerce grew 26%.

Vietnam’s wood processing and export industry is on track to surpass its 2024 export target of 15.2 billion USD, navigating through complicated market developments with strategic adaptability.

Tuna exports in October increased by 22% compared to the same period last year, valued at nearly 93 million USD, bringing the total value in the Jan-Oct period to more than 821 million USD, a year-on-year rise of 18%, according to the General Department of Customs.

Fruit and vegetable import turnover reached 2.1 billion USD in Jan-Nov 2024 while exports of the commodity group were valued at 6.6 billion USD, according to data from the General Department of Customs.

As part of his working visit to Denmark, Deputy Prime Minister Tran Hong Ha on November 25 met with leaders of the host country's leading groups and attended a roundtable with several Danish businesses to discuss cooperation opportunities in clean and sustainable energy.

Seventeen trains of Vietnam’s first metro line (Ben Thanh - Suoi Tien Metro Line 1) have completed registration, said Phan Cong Bang, Head of the Ho Chi Minh City Management Authority for Urban Railways (MAUR).

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.

Ho Chi Minh City is poised to attract a new wave of investment from US enterprises, with numerous projects proposed in key sectors.

Bac Ninh’s socio-economic picture is showing many improvements, especially in industrial development and FDI investment attraction.

The Vietnamese Embassy in Japan held a ceremony on November 22 to present the Prime Minister's certificates of merit to Sojitz Corporation and Sumitomo Corporation in recognition of their contributions to Vietnam-Japan friendship and cooperation.

Vietnam sent 10 textile and garment enterprises to the Global Sourcing Expo Australia 2024 with 10 booths on display.