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 [...]

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. [...]