Trade – Investment

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.

Bac Ninh’s state budget collection reached 24,354 billion VND in the first nine months of 2024, 78% of the year’s estimate and up 20.5% year on year, according to the provincial Statistics Office.

Vietnam’s total import and export value reached 65.81 billion USD in September 2024, down 8% from the previous month, the General Department of Customs reported.

Singapore leads the list of countries or territories investing in Vietnam in the first nine months with a total investment capital of more than 7.3 billion USD, accounting for nearly 29.7% of the total investment capital, a year-on-year rise of 69%.

(CPV) - In the process of industrial development, especially for a country that is shifting its economy towards industrialization and modernization like Vietnam today, supporting industry plays a fundamental role for industries as well as the whole economy.

In a significant boost to Vietnam's sustainable coffee industry, the Dutch Fund for Climate and Development (DFCD) has awarded a non-refundable aid package of 575,000 EUR (630,786 USD) to Phuc Sinh Corp to support its Environmental, Social, and Governance (ESG) initiatives in the coffee production, processing and export chain.

Vietnam exported over 7 million tonnes of rice worth 4.37 billion USD in the first three quarters of 2024, up 9.2% in volume and 23.5% in value compared to the same period last year, the Ministry of Agriculture and Rural Development (MARD) has reported.

Over the past 70 years, the cooperative and friendly relationship between Vietnam and Mongolia has been forged through difficulties and challenges. Particularly, economic, trade and investment cooperation between the two countries has advanced.

Deputy Prime Minister (PM) Tran Hong Ha has just signed Decision 1057/QD-TTg dated September 30, 2024 recognizing Thanh Tri district, Hanoi city, as meeting the standards of advanced new-style rural areas in 2023.

Vietnam’s shrimp export to China and Hong Kong (China) continued to recover in August with double-digit growth compared to the same period last year.

China imported more than 2.8 million tons of seafood in the first eight months of 2024, worth nearly 11.4 billion USD, down nearly 6% in volume and 11% in value year on year, according to figures of the Vietnam Association of Seafood Exporters and Producers (VASEP).

The first-ever Vietnam fruit festival opened in Beijing, China, on September 29, co-organised by the Vietnamese Ministry of Industry and Trade, and Ministry of Agriculture and Rural Development.

Deli Vietnam, a subsidiary of Deli Group, a Chinese stationery manufacturer, broke ground for a US$270 million stationery factory at the Dai An Expanded Industrial Zone in Hai Duong Province on September 28.