Trade – Investment

Vietnam earned nearly 3.6 billion USD from shrimp exports in the first 11 months in 2024, a year-on-year rise of 22%. With double-digit growth in key markets, the country’s shrimp exports are projected to rake in 4 billion USD this year.

Thirty-six products from 25 businesses were selected and recognised as Hanoi’s key industrial products for 2024.

The e-commerce platform nongsan.buudien.vn is the first specialized platform for high-quality agricultural products in Vietnam, with Vietnam Post as the owners of the technology and operations.

The Hanoi Department of Industry and Trade and the People's Committee of Ba Vi district opened the exhibition fair for rural industrial products and OCOP products in Ba Vi district, on December 12.

The HCM City People’s Council has approved a Resolution on the state budget revenue estimate; city budget revenue and expenditure in 2025.

The end of the year is an important and potential time for business activities and a period when consumer demand increases dramatically, an opportunity for businesses to cooperate, share resources and create breakthrough values. Therefore, many businesses in Ho Chi Minh City (HCMC) have cooperated, offering "shocking" promotions on this occasion.

VinFast automaker, a subsidiary of Vingroup, has announced that it delivered over 16,000 electric vehicles (EVs) in November, bringing its total sales in 2024 to more than 67,000 units in the domestic market.

Wood and forestry product exports will reach more than 17.2 billion USD, a year-on-year rise of 18.9%, exceeding the 2024 plan by 13.1%, according to the Department of Forestry under the Ministry of Agriculture and Rural Development.

The project to develop the urban railway system (Metro) of Ho Chi Minh (HCM) City on the development orientation for Vietnam's railway to 2030, with a vision to 2045 according to Conclusion 49-KL/TW of the Politburo has just been submitted to the City People’s Council at the year-end meeting, held from December 9 to 11.

A week on business matching and introducing food products opened in Ho Chi Minh City on December 11.

The ASEAN Ceramics & Stone 2024 exhibition, showcasing machinery, equipment and materials for the ceramics and stone industries, opened in Ho Chi Minh City on December 11.

The Metro Line 1 (Ben Thanh – Suoi Tien) in Ho Chi Minh City will start trial runs from December 9-21 before officially beginning commercial operation with 200 trips a day.

A conference to promote Kon Tum tourism in 2024 was co-hosted by the provincial Department of Culture, Sports and Tourism and the Vietnam National Authority of Tourism on December 11.

This is the first logistics center in Vietnam to provide a full range of services, from customs clearance, quarantine, inspection, transshipment and warehousing to cross-border transportation.

The central coastal city of Da Nang has issued new business registration certificates to 3,372 enterprises, branches and representative offices from the start of the year.

The country invested in 151 overseas projects from January through November 2024, with a total registered capital of 598.69 million USD, a year-on-year rise of 51.6%, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

Ministry of Culture, Sports and Tourism has just issued Decisions to announce the List of national intangible cultural heritages for the Hue Nam Temple Traditional Festival and the traditional craft of making Van Cu vermicelli, said the Office of the People's Committee of Thua Thien Hue province on December 11.

The HCM City Department of Industry and Trade on December 10 launched a mobile sales program for market stabilization with the theme of “Connecting consumers - Spreading love”.

The growth of the B2C e-commerce market reached 18-20% in the first 10 months of 2024, completing the target assigned by the Government, according to a report of the Ministry of Industry and Trade.

(CPV) - Two-way trade turnover between Vietnam and China reached 185.4 billion USD between January and November 2024, close to a new record of 200 billion USD, according to the latest report released by the General Statistics Office (GSO).

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.