Vietnam Coffee Cocoa Association (Vicofa) forecasted that if the export price of coffee remained at a high level, as in the first half of the year
Vietnam estimates a trade surplus of 6.52 billion USD in the first nine months of this year.
Despite opportunities available in the ASEAN halal food market, Vietnamese exporters have to date exported only a small amount of halal products to some countries in the region.
The 15th Việt Nam International Processing & Packaging Exhibition and Conference and the 13rd Việt Nam International Water Supply, Sanitation, Water Resources and Purification will be held simultaneously on November 9-11 at the Saigon Exhibition and Convention Centre in HCM City.
After seeing positive results in the first half of 2022, mergers and acquisition (M&A) activities in Việt Nam is forecast to slow in the second half as investors become more conservative about several macro trends impacting the country’s economy, according to an analysis of M&A data by Ernst & Young (EY).
Many investors are facing difficulties in implementing thermal power plants, however, they remain determined to develop projects.
Vietnam and the United States are seeking ways to increase their investment and trade ties, with the latter pledging to support the latter in education, training, and the energy transition.
Administrative procedures such as a prolonged timeline for obtaining business licences, as well as overlaps in the legal framework, are continuing to affect the expansion plans of many foreign-invested enterprises in Vietnam.
Over the past time, Vietnam has always focused on expanding agricultural export markets to European countries, especially since the EU-Vietnam Free Trade Agreement (EVFTA) took effect. However, Vietnamese enterprises mainly focus on the traditional Western European market, while not exploiting the great potential of the Nordic countries.
In the first eight months of this year, phones and electronic components recorded the most prominent export turnover in Viet Nam, reaching nearly US$40 billion.
Vietnam raked in approximately US$77 billion from the export of phones, components and computers, electronic products and spare parts during the opening eight months of the year, according to the Ministry of Industry and Trade.
The Vietnamese Product Exhibition Week opened at AEON shopping mall in Ho Chi Minh City on September 27 to introduce more Vietnamese goods to AEON supermarket chain.
World Bank experts has forecast Việt Nam’s economy to grow by 7.2 per cent in 2022, the highest growth rate among East Asian and Pacific economies.
Prime Minister Pham Minh Chinh on September 28 suggested the US-based global growth investor Warburg Pincus to further its effective coordination with Vietnamese agencies to increase long-term and sustainable investment in the Southeast Asian nation.
Disbursement of foreign direct investment (FDI) in the first nine months of this year reached 15.4 billion USD, up 16.2 % year-on-year and marking a record high, a report from the Foreign Investment Department (FIA) has shown.
Many businesspeople are pouring money into industrial real estate projects amid Vietnam’s macroeconomic stability and its position as a favorite destination for foreign investors.
Minister of Construction Nguyen Thanh Nghi held a working session with Cuban Minister of Foreign Trade and Foreign Investment Rodrigo Malmierca Diaz in Hanoi on September 27.
Vietnam’s economy is expected to grow by 7.2% in 2022, on the back of a strong rebound in domestic demand and continued solid performance by export-oriented manufacturing, according to the World Bank East Asia and Pacific Economic Update, October 2022.
The southern region should prioritise rice varieties with high quality and yields for export in the upcoming winter-spring rice, Deputy Minister of Agriculture and Rural Development Le Quoc Doanh has said.
The news that for the first time, Vietnam will export fresh durian to China under the official quota, has brought joy to farmers because official export will help reduce risks for farmers. However, in order to get the planting area code which is a prerequisite for realizing the export opportunity to China, local administration and related agencies need to join hands in helping farmers.