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.
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.
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.
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.
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.
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 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.
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.
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.
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.
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.
HCM City lures over 1 billion USD to industrial parks (28/12/2023)
Ho Chi Minh City has attracted more than 1 billion USD, both new and adjusted capital, to its industrial parks so far this year, surpassing its plan by 83.57%, the HCM City Export Processing and Industrial Zones Authority (HEPZA) said on December 27.
Ho Chi Minh City has attracted more than 1 billion USD, both new and adjusted capital, to its industrial parks so far this year, surpassing its plan by 83.57%, the HCM City Export Processing and Industrial Zones Authority (HEPZA) said on December 27.
Vietnamese enterprises hold only 20 percent of domestic cloud market share (28/12/2023)
The market share of Cloud services between foreign and domestic enterprises is 80 percent and 20 percent respectively.
The market share of Cloud services between foreign and domestic enterprises is 80 percent and 20 percent respectively.
Vietnam’s textiles, garments yet to fully tap FTAs’ advantages and potential (27/12/2023)
Vietnam’s textile and garment industry has not been able to fully capitalise on the advantages and potential of FTAs, according to the Ministry of Industry and Trade (MoIT).
Vietnam’s textile and garment industry has not been able to fully capitalise on the advantages and potential of FTAs, according to the Ministry of Industry and Trade (MoIT).
FDI disbursement reaches new record (27/12/2023)
Foreign direct investment (FDI) registered in Vietnam neared US$36.61 billion as of December 20, 2023, up 32.1 percent over the same period in 2022, announced the Foreign Investment Agency under the Ministry of Planning and Investment.
Foreign direct investment (FDI) registered in Vietnam neared US$36.61 billion as of December 20, 2023, up 32.1 percent over the same period in 2022, announced the Foreign Investment Agency under the Ministry of Planning and Investment.
Vietnam enjoys surge in FDI inflows in 2023 (27/12/2023)
Vietnam attracted nearly 36.61 billion USD of foreign direct investment (FDI) this year to December 20, a rise of 32.1% year on year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
Vietnam attracted nearly 36.61 billion USD of foreign direct investment (FDI) this year to December 20, a rise of 32.1% year on year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
Potential is substantial for the electric vehicle industry (27/12/2023)
In Vietnam, the automotive sector anticipates maintaining its growth trajectory of recent years. The Vietnamese government has set high goals for the sector, hoping to make the country a regional centre for vehicle exports and production by raising localisation rates in 2025.
In Vietnam, the automotive sector anticipates maintaining its growth trajectory of recent years. The Vietnamese government has set high goals for the sector, hoping to make the country a regional centre for vehicle exports and production by raising localisation rates in 2025.
Swiss logistics company Militzer & Münch makes foray into Vietnamese market (27/12/2023)
Swiss logistics company Militzer & Münch has opened a new subsidiary in Vietnam as part of its board strategy to grow in Asia.
Swiss logistics company Militzer & Münch has opened a new subsidiary in Vietnam as part of its board strategy to grow in Asia.
Modern goals crafted for diplomatic sector (27/12/2023)
With a view to boosting economic cooperation, including expansion of exports and attraction of more investment, diplomatic economic activities will continue to be amplified, according to the Ministry of Foreign Affairs.
With a view to boosting economic cooperation, including expansion of exports and attraction of more investment, diplomatic economic activities will continue to be amplified, according to the Ministry of Foreign Affairs.
ICAEW: Vietnam, a soft 2024, but a bright medium-term outlook (27/12/2023)
The latest Economic Insight report for Southeast Asia, commissioned by the Institute of Chartered Accountants in England and Wales and Oxford Economics, forecasted that Vietnam’s economy to grow by 4.7 per cent in 2023.
The latest Economic Insight report for Southeast Asia, commissioned by the Institute of Chartered Accountants in England and Wales and Oxford Economics, forecasted that Vietnam’s economy to grow by 4.7 per cent in 2023.
Logistics chains crucial for boosting exports of agro-forestry-aquatic products (27/12/2023)
Establishing logistics chains that connect producers with traders is an immediate imperative to enhance the efficiency of agro-forestry-aquatic product exports, as emphasised during a roundtable discussion held in HCM City on Monday.
Establishing logistics chains that connect producers with traders is an immediate imperative to enhance the efficiency of agro-forestry-aquatic product exports, as emphasised during a roundtable discussion held in HCM City on Monday.
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