Da Nang Hopes For Tightened Links With Japanese Investors


Da Nang Hopes For Tightened Links With Japanese Investors

Secretary of the Da Nang Party Committee Nguyen Van Quang had a meeting with Japanese Ambassador to Vietnam Yamada Takio on June 24 to discuss ways for fostering the central city’s relations with Japanese localities and attracting more Japanese investment. Yamada highly valued Da Nang’s development over the past years and said it is currently…

Vietnam, Australia Promote Trade, Investment Partnership


Vietnam, Australia Promote Trade, Investment Partnership

The Australia-Vietnam Business Council (AVBC) held a conference in Sydney on June 23 to promote trade and investment partnerships through the strengthening of the Australia-Vietnam Enhanced Economic Engagement Strategy that was reached between the two countries in late 2021. Addressing the event, which drew nearly 100 businesses from a variety of sectors, AVBC President Kiem…

Ho Chi Minh City Posts Economic Growth of 3.82% in 2022 H1


Ho Chi Minh City Posts Economic Growth of 3.82% in 2022 H1

Ho Chi Minh City recorded growth of 3.82 percent in gross regional domestic product (GRDP) in the first half of 2022, according to its Statistics Office. Product tax collection increased 2.03 percent, trade and services 4.83 percent, agriculture – forestry – fisheries 1.77 percent, and industry – construction 2.23 percent. Notably, trade and services generated…

HCMC Calls For Investments In Nearly 200 Projects


HCMC Calls For Investments In Nearly 200 Projects

The Ho Chi Minh City People’s Committee has approved a list of 197 projects worth 43 billion USD calling for investments in 2022, as proposed by the municipal Department of Planning and Investment. The projects include the HCM City-Moc Bai expressway with total investment capital of 15.9 trillion VND (684.31 million USD), two elevated roads…

Twenty-seven Export Items Listed In “One-billion-USD” Club In Five Months


Twenty-seven Export Items Listed In “One-billion-USD” Club In Five Months

Twenty-seven export items joined the “one-billion-USD” club in the first five months of this year, as compared with only 23 seen in the same period last year, Deputy Minister of Industry and Trade Do Thang Hai told a press conference on June 16. Vietnam’s export revenue in May increased 18.1 percent against the previous month,…

Vietnam to Have At Least Three Int’l-standard Maritime Economic Centres


Vietnam to Have At Least Three Int’l-standard Maritime Economic Centres

The Ministry of Planning and Investment has sent a document to the Prime Minister asking for approval of a project to develop maritime clusters associated with building strong maritime economic centres until 2030, which sets a target of building from three to four centres leading Southeast Asia. The southern province of Ba Ria – Vung…

VinFast Announces Over 50 Upcoming Stores Spread Throughout Europe


VinFast Announces Over 50 Upcoming Stores Spread Throughout Europe

During EVS35 in Olso, Vietnamese EV automaker VinFast outlined its plans for expansion overseas, alongside the European debut of its VF 8 and VF 9 EVs. During the presentation, VinFast shared intentions to open at least 50 stores spread throughout Europe in countries including Germany, France, and the Netherlands to start. Additionally, VinFast shared new…

European Firms Are Choosing Vietnam Over China


European Firms Are Choosing Vietnam Over China

A combination of geopolitical tensions and higher costs are pushing large firms to look for alternative production sites. Vietnam’s strong economic performance in recent years has drawn the attention of European firms. Vietnam was one of the few Asian countries that did not experience an economic contraction during the coronavirus pandemic in 2020 and 2021….

Vietnam-Laos Trade Turnover On The Rise


Vietnam-Laos Trade Turnover On The Rise

Trade revenue between Vietnam and Laos in the first five months of this year stood at 690.6 million USD, up 21 percent year-on-year. According to the Vietnamese Trade Office in Laos, Vietnam’s export value reached 255.02 million USD, down 9 percent, but its import hit nearly 435.58 million USD, up 50 percent. Vietnam’s major export…

Korea Splashes Cash on Vietnamese Realty Market


Korea Splashes Cash on Vietnamese Realty Market

Vietnam’s realty market, in addition to the manufacturing sector, has been attracting significant FDI from the Republic of Korean (RoK) in recent years, according to a survey by real estate consultancy Savills Vietnam. The proportion of the RoK’s investment in the market doubled in 2018 compared to the previous year. At the end of 2021,…