Trade – Investment

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.

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.