Vietnamese businesses should make greater efforts to tap the potential of seafood exports to Switzerland, a trade official said.
In 2023, canned tuna exports to Germany, the Netherlands and Italy all increased, especially exports to Italy rose by 456% compared to 2022.
Electronics manufacturers are forging ahead with investments in Vietnam in light of the rebound in global electronics demand, driven by a replacement cycle.
Prime Minister Pham Minh Chinh has invited Romanian businesses to invest in Vietnamese oil and gas projects.
Numerous ventures worth hundreds of millions of USD are pouring into Vietnam, promising positive results in foreign investment mobilisation and contributing to economic growth for 2024.
The 2024 Lunar New Year, the Year of the Dragon, is just around the corner. On these days, farmers in flower villages and retailers are busy with their work in anticipation of the most important and the longest festival in Vietnam, the Tet. The bustling atmosphere can be felt everywhere, from streets to villages. Those working far from home have completed booking their travel and readied everything they need for family reunion on this occasion.
Over 17 years of being a member of the World Trade Organisation (WTO), Vietnam has seen hallmark economic growth thanks to economic integration into the world, providing strong momentum for further development.
For foreign investors and foreign enterprises operating in Vietnam, the business environment and administrative reforms are crucial factors in deciding to continue investment and expand operations.
The real estate markets in Vietnam’s two largest cities, Hanoi and Ho Chi Minh City, indicated signs of recovery amid protracted woes in the final months of last year, according to a Savills report.
Foreign firms contributed nearly 260 billion USD or over 73% of Vietnam’s total export revenue in 2023, statistics show.
Vietnamese Prime Minister Pham Minh Chinh and his Hungarian counterpart Viktor Orbán have called on investors from two countries to invest in each other’s economies and vowed to protect legitimate rights and interests of investors.
Vietnam exported more than 8 million tonnes of rice in 2023, and the Philippines was the largest rice buyer, according to the General Department of Customs.
More challenges are expected for Vietnam’s aquaculture exports in 2024, according to Tran Dinh Luan, General Director of the Department of Fisheries under the Ministry of Agriculture and Rural Development.
The tension in the Red Sea, which has led to increases in logistic costs and shipping time, is forecast to affect Vietnamese exporters of garment, textile, footwear and leather products from the second quarter of 2024 if it persists.
Southern economic hub earned $42.46 billion from exports last year.
The Vietnam Trade Office in the Netherlands has warned of online fraud cases, particularly related to petroleum products, amidst the high demand for this category of goods.
New tax policies in recent years have contributed significantly to building confidence from foreign investors and creating a competitive and sustainable business environment, directly contributing to Vietnam’s foreign investment growth in 2023.
Prime Minister Pham Minh Chinh presided over a seminar on January 17 with the theme “Vietnam - Leading sustainable investment in ASEAN” in Davos as part of his attendance at the 54th Annual Meeting of the World Economic Forum (WEF-54), according to a report from the Vietnam News Agency (VNA).
South Korean industrial machinery manufacturer Hyosung wants to increase its investment in Vietnam by US$2 billion this year.
Within the framework of WEF Davos 2024, Vietnamese Prime Minister Pham Minh Chinh on January 16 presided over a panel discussion with global technology firms on cooperation to develop AI, automotive technology and semiconductor industry.