Textiles, footwear, electronics, and production of plastic items are leading in terms of export turnover but also depend mainly on the import of raw materials. Therefore, reducing dependence on imported raw materials is a key challenge facing enterprises and relevant agencies and sectors. According to data from the Vietnam Industry Agency (VIA) under the Ministry of Industry and Trade (MoIT),...

The farm in the Lao-Jagro dairy complex in Xieng Khouang of Vinamilk. In the first months of 2021, as many countries around the world are facing serious effects from the Covid-19 pandemic, Vietnam's total of investment capital abroad, both newly added and additional, increased by more than three times compared to the same period last year. According to a report of...

An aerial view of VSIP Binh Duong Industrial Park. (Photo: baodautu.vn) Foreign capital continued flowing to industrial real estate via mergers and acquisitions (M&A) in five months of this year, particularly in Hanoi and Ho Chi Minh City. Singapore’s Boustead Projects, whose affiliate BP-Vietnam Development recently signed an option agreement with Khai Toan Group (KTG) to buy a 49% stake in...

The size of e-commerce in Vietnam is forecast to reach US$43 billion in 2025. E-commerce has not only become an effective tool to help enterprises overcome obstacles posed by the pandemic but is also expected to act as a key to clearing the way for Vietnamese goods to make further inroads into the global market. Cross-border trade E-commerce in Vietnam is being...

Enterprises are active in pandemic prevention and production stabilisation. (Photo: VietnamPlus) In spite of the fact that the COVID-19 epidemic has affected production activities of enterprises at industrial parks, Vietnam’s total import and export turnover still sustained its growth momentum in the first five months. However, trade deficit also returned. Five-month export value exceeds 130 billion USD Vietnam shipped overseas 130.94 billion USD worth...

Over recent years, a rise in FDI has helped Vietnam boost its elevation in the global value chain Vietnam has successfully transformed into a manufacturing-oriented economy, supported by stronger global value chain (GVC) participation thanks to a rise in foreign direct investment (FDI), especially in the manufacturing industry. However, amid the post-pandemic GVC reconfiguration, FDI policies need to be carefully aligned...

Participants at the press conference (Photo: VNA) The State Bank of Vietnam (SBV) has flexibly operated monetary policy tools to maintain liquidity for the banking system, contributing to stabilising and recovering credit growth in the context of unpredictable impacts of the COVID-19 pandemic. The information was announced by the SBV at a press conference on June 21 to review the banking sector’s activities in the first...

Illustrative image (Photo: VNA) The Vietnamese economy has fared better than most during the COVID-19 pandemic and is well placed to capture renewed FDI interest, according to an article posted on the UK website lexology.com on June 23. The article said in recent years, the Vietnamese Government has focused on opening its market while also boosting its international trade ties. After joining the World Trade Organization (WTO)...

Demand for cold storage is increasing sharply as consumers in Vietnam turn to online shopping. (Photo: Baodautu.vn) The trend of shoppers going online en masse is driving demand for cold storage facilities, something that is in severe short supply in Vietnam. Nguyen Quoc Trinh, chairman of the Long An Dragon Fruit Association, said June is the peak harvest season for many agricultural products...

Localities in the Southern Key Economic Zone have attached great importance to attracting investment for support industry development Cities and provinces in the Southern Key Economic Zone, such as Ho Chi Minh City, Binh Duong and Dong Nai, are paying greater attention to helping support industries increase the technological content of industrial products to enable their integration into the supply...