Enhancing access to affordable trade finance has the potential to significantly improve Việt Nam’s imports and exports by up to 6 and 9 per cent, respectively, which equates to an annual increase in merchandise trade of US$55 billion.
Vietnam will see the biggest surge in wealth growth in the world over the next decade as it positions itself as a global manufacturing hub.
Frasers Property Vietnam (FPV) on February 22 announced that its commercial building in Ho Chi Minh City, Melinh Point, has received the highest attainable LEED Platinum certification in Operations and Maintenance v4.1 (O+M) from the US Green Building Council (USGBC).
Citi led a transformational merger and acquisition (M&A) deal in the healthcare sector last year, in which Quadria Capital Investment Management and founding shareholders of FV Group sold their 100 per cent stake in FV to Singapore-based Thomson Medical Group Limited.
Vietnam became the 10th largest trading partner of Singapore in January, with two-way trade turnover reaching over 2.9 billion SGD (2.16 billion USD), up 18.08% over the same period last year, according to the Vietnam Trade Office in the island nation.
The Ho Chi Minh City Export Forum and Fair 2024 will be held in the southern metropolis on May 8-11, the municipal Department of Industry and Trade announced on February 22.
The Ministry of Industry and Trade (MoIT) will take measures to promote economic, trade and investment cooperation between Vietnam and five Central Asian countries (C5) of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan.
In 2023, there was an 11.6% decline in exports to the United States compared to the corresponding period in 2022. Despite this setback, the United States maintains its status as Vietnam’s largest export market. As we step into 2024, various Vietnamese export sectors are optimistic and anticipate more positive signals from this substantial market.
Vietnam’s VinFast Auto has announced that it will break ground at its integrated electric vehicle (EV) manufacturing site in Thoothukudi City, Tamil Nadu on February 25.
Cassava recorded the strongest export growth rate in January, as Vietnam shipped 76,118 tonnes abroad, earning 19.9 million USD, up 369.6% month-on-month in volume and 340.8% in value, according to the General Department of Vietnam Customs.
Vietnam’s aquatic product exports in January surged 60.8% year-on-year to 730 million USD, making a positive signal for the year, according to the Ministry of Industry and Trade’s Agency of Foreign Trade.
Vietnam’s exports are showing signs of recovery, driven by computer, electronics and smartphones, according to investment fund VinaCapital.
Vietnamese Ambassador to France Dinh Toan Thang visited Grenoble city from February 17-20 as part of activities to enhance cooperation and friendship between Vietnam and French localities.
The Vietnamese aviation market is set to fully recover by the end of this year since the Asia-Pacific market warms up, according to the Civil Aviation Authority of Vietnam (CAAV).
The UK’s magazine The Banker has run an article highlighting optimistic opinions of experts on Vietnam’s economic outlook in 2024.
At the beginning of 2023, Vietnam set its sights on becoming a high-income developed country, and the past year has demonstrated Ho Chi Minh City’s efforts to overcome challenges and reclaim its position as a regional economic powerhouse. Kiet Le, research lead, Manufacturing Group at Dezan Shira & Associates, shares his views on how the city can utilise its initiatives to make future breakthroughs.
Experts from top real estate consulting companies in Việt Nam have expressed optimism about development prospects of the real estate market, particularly regarding the office and industrial segments.
The Hoa Binh Construction Group announced on February 19 that it has won bidding packages to develop five social housing projects worth 72 million USD in Kenya.
The land area zoned for social housing development has increased by 5,031ha from the 3,359ha reported in 2020, said the Ministry of Construction (MoC).
The Vietnam Stock Exchange (VNX) reported revenue of over 1.92 trillion VND (78.26 million USD) in 2023, down nearly 44% compared to the previous year.