New real estate law to clean up conditions (29/12/2023)
The new Real Estate Business Law, passed by the National Assembly in November and effective from 2025, could narrow the scope of regulation and tighten conditions for transferring real estate projects.

Vietnam’s direct investment abroad tops 22 billion USD (29/12/2023)
Vietnam invested 421 million USD in overseas projects in 2023, equal to 78% over last year, said a report from the Ministry of Planning and Investment.

Fitch Ratings forecasts favorable medium-term growth for Vietnam (29/12/2023)
Fitch Ratings has forecast Vietnam’s growth in the medium term at around 7%.

New strategies for attracting quality FDI to Việt Nam (29/12/2023)
Robust foreign direct investment (FDI) flows into Việt Nam has become the spotlight of the Vietnamese economy on the backdrop of global slowdown and rising uncertainty. The Government has switched the FDI attraction policies towards quality inflow and sustainable development, pinned by the ambition of becoming a global chip production centre. Việt Nam Institute for Economic and Policy Research’s Vice President Nguyễn Quốc Việt spoke with Việt Nam News reporter Mai Linh on new competitive advantages for Việt Nam to remain an attractive destination for the quality and high technology capital inflow.

SHTP collaborates with Ansys to improve quality of semiconductor manpower (29/12/2023)
HCM City’s Sài Gòn Hi-Tech Park (SHTP) and US-based Ansys Software Pvt Ltd. (Ansys) on Thursday signed a Memorandum of Understanding (MOU) to collaborate to foster electronic design expertise and advance the semiconductor industry in Việt Nam.

VN stays committed to developing clean and renewable energy (29/12/2023)
Việt Nam remains committed and focused on enhancing the development of hydrogen energy production and hydrogen-source fuels in regions with potential and advantages in renewable energy, close to major consumer markets.

Vietnam seals major carbon credit deal, fetching $53 million (29/12/2023)
Vietnam has successfully executed a landmark transaction, selling 10.3 million tonnes of CO2 emission credits to the World Bank for nearly VND1.25 trillion VND ($52.74 million), as confirmed by the Ministry of Agriculture and Rural Development to the prime minister on December 28.

Mobile phones, electronic products rake in over US$100 bln in export turnover (29/12/2023)
Mobile phones and components, computers, electronic products and spare parts have become the two largest foreign currency earners, bringing in more than US$50 billion each as of mid-December, according to the General Department of Vietnam Customs.

Vietnam’s rice prices climb to historic peak in 2023 (29/12/2023)
With estimated output of 43 million tons in 2023 and historic high export prices, Vietnamese farmers have made a high profit. Every $1,000 invested in each hectare of rice earned $3,000-3,500.

Vietnam’s catfish share shrinks amid stiff competition in global market (29/12/2023)
Vietnam dominates the global catfish market, ranking No 1 in both output and export volume. However, its market share has dropped because of the strong rise of rivals.

Nearly 7,000 planting area codes granted for fresh fruit exports (29/12/2023)
The Plant Protection Department under the Ministry of Agriculture and Rural Development announced that to date it has coordinated with importing countries to issue 6,997 growing area codes and 1,613 packaging facility codes for export.

Recommendations for food businesses when exporting to Singapore (29/12/2023)
The Ministry of Industry and Trade said that according to a press release from the Singapore Food Agency (SFA), the private company Viet-Sin Grocery, registered for business in Singapore since 2020, has been fined SGD$36,000 on the grounds of illegally operating two cold storage warehouses and illegally importing some meat and seafood products from Việt Nam.

Vietnamese durian exports reel in about 2.22 billion USD (29/12/2023)
Vietnam has shipped approximately 2.22 billion USD worth of durian products overseas in 2023, with increasing demand noticed in non-traditional markets.

Việt Nam reaches record trade surplus in 2023 (29/12/2023)
Việt Nam this year continued to achieve a trade surplus for the eighth consecutive year, being estimated at US$26 billion, three times higher than in 2022. This is a trade surplus record for many years.

Agricultural products key part of Vietnam’s exports to Guangdong (28/12/2023)
Together with electronic devices, agricultural products like rice, coffee, tea, pepper, chilli, dragon fruit and processed food are Vietnam’s key export items to Guangdong, China, according to an official.

Vietnam enjoys trade surplus with European, American markets (28/12/2023)
Vietnam recorded an estimated export surplus of US$125 billion with Europe and the Americas despite a 9.5% fall in trade exchanges with the two markets this year, according to the Ministry of Industry and Trade.

Vietnam enjoys trade surplus of 125 billion USD with European, American markets (28/12/2023)
Vietnam’s total trade with European and American markets is estimated to decrease by 9.5% year-on-year to around 208 billion USD in 2023, but the country still enjoys a trade surplus of 125 billion USD.

Vietnamese brands gain more recognition in international markets (28/12/2023)
Building brands for products and enterprises in international markets will help raise the position of the national brand to a new level, especially when many free trade agreements (FTA) to which Vietnam is a signatory have come into force. Many businesses have sought to seize opportunities offered by these FTAs to enable Vietnamese products to compete with products of other rivals in the international marketplace, which is a long and bumpy road ahead.

Stay-away investors neglecting completion process (28/12/2023)
The physical absence of certain foreign investors is slowing down procedures and hampering planned construction projects.

Foreign investment disbursement hits record high in 2023 (28/12/2023)
Disbursement of foreign investment reached US$23.18 billion in 2023, up 3.5 per cent year-on-year and marking a record high thus far, a report from the Ministry of Planning and Investment’s Foreign Investment Department (FIA) has shown.