With the forecasted figures from the General Department of Customs, this achievement is expected to surpass the record set in 2022. Billion-Dollar Products and a Sector Bringing in $62 Billion in Export Revenue in 2024 Vietnam boasts rare “heaven-sent treasures,” with its exports ranking second globally, with India being the largest buyer. According to the […]
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Vietnam Achieves Record Trade Turnover According to Prime Minister Phạm Minh Chính, by the end of November, Vietnam’s total import-export turnover was estimated at approximately USD 715 billion, up 15.3%, with a trade surplus exceeding USD 23 billion. For the full year, trade turnover is projected to reach USD 807.7 billion, the highest ever recorded. […]
FDI attraction for the whole year is estimated to reach $550 million. Export processing zones (EPZs) and industrial parks (IPs) in Ho Chi Minh City attracted approximately $491.7 million of FDI capital as of December this year, equivalent to 89.4% of the annual target, according to the Ho Chi Minh City Export Processing and Industrial […]
Nvidia CEO Jensen Huang’s second visit to Vietnam marks a turning point in the country’s AI journey, with major announcements including the establishment of Nvidia Vietnam and the acquisition of VinBrain. Nvidia CEO Jensen Huang’s recent trip to Vietnam has made headlines, marking his second visit to the country within a year. During his stay, […]
Along with India, Canada, and China, Vietnam has experienced the fastest average annual export growth from 2019 to 2023. From being a minor player in global exports before 2013, Vietnam has soared to the 11th spot among the world’s top 15 exporters by 2023. The country is considered a surprising factor in global trade, according […]
Vietnam currently boasts one of the fastest-growing e-commerce markets in the region. Vietnam’s digital economy is projected to reach $220 billion by 2030, according to a new report from market research firm IMARC Group which described e-commerce as a key driver of this growth, solidifying Vietnam’s position in Southeast Asia and attracting significant global investment. […]
Vietnam’s position with the global logistics space has been on the rise and can be further enhanced by addressing certain limitations. Fueled by rapid economic and trade growth, Vietnam has emerged as a significant player in the logistics arena, demonstrating an impressive upwards trajectory over recent years. The country entered the top 10 of Agility’s […]
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Mitsubishi Estate breaks ground on Logicross Hai Phong: Advancing logistics facilities in Northern Vietnam
Logicross Hai Phong marks Mitsubishi Estate’s second Logicross project in Vietnam, reaffirming its commitment to meeting regional demand for high-quality logistics facilities. Groundbreaking ceremony for Logicross Hai Phong at Nam Dinh Vu Industrial Park, held on November 19, 2024. Following the development of Logicross Nam Thuan (Long An Province), on November 19, 2024, Mitsubishi Estate […]
The policy aimed at supporting businesses and stimulating the economy. The Ministry of Finance (MoF) has proposed to build a National Assembly Resolution on reducing the VAT rate by 2% in the first six months of 2025 to support people and businesses as well as stimulate the economy. Under the proposal, the 2% reduction will […]
According to the Vice Chairman of the Vietnam Real Estate Association, speculative wave-riding and virtual surfing will no longer be possible when the Land Law, Real Estate Business Law, and Housing Law take effect. Market Only for Those with Sufficient Capability Speaking at the seminar “Real Estate Investment Focus in the New Context,” Vice Chairman […]