Vietnam Eyes 900 million USD in Export Value of Cashew Nut to EU


Vietnam Eyes 900 million USD in Export Value of Cashew Nut to EU

Vietnam is aiming at 900 million USD from cashew nut export to the European Union (EU) in 2022. According to the Import-Export Department under the Ministry of Industry and Trade, the EU is currently the second largest importer of Vietnamese cashew nuts, accounting for 23 percent of the total volume and 22 percent of the…

HCMC HEPZA aims to lure 500 million USD in investment this year


HCMC HEPZA aims to lure 500 million USD in investment this year

The Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) aims to attract 500 million USD worth of investment in 2022. Hua Quoc Hung, head of the authority, said at a conference on January 14 that HEPZA will offer consultancy on legal procedures for the construction and operation of Pham Van Hai industrial…

The World Bank forecasts Vietnam’s GDP growth at 5.5% in 2022


The World Bank forecasts Vietnam’s GDP growth at 5.5% in 2022

The World Bank (WB) has forecast that Vietnam’s economic recovery is likely to accelerate in 2022 as GDP growth is expected to rise to 5.5 percent from 2.6 percent in the year just ended. The forecast was made in the WB’s economic update for Vietnam that was released during a press teleconference in Hanoi on…

Vietnamese, Lao PMs Meet Business Communities


Vietnamese, Lao PMs Meet Business Communities

Vietnamese Prime Minister Pham Minh Chinh and his Lao counterpart Phankham Viphavanh met with 60 Vietnamese and 20 Lao enterprises in Hanoi. At the event, Vietnamese firms expressed their interest in investing in Laos regarding agriculture, digital economy, and infrastructure projects. They proposed the Lao Government and localities continue tackling obstacles in administrative procedures, issue…

Vietnam’s FDI attraction surpasses 31 bln USD in 2021


Vietnam’s FDI attraction surpasses 31 bln USD in 2021

The total new, adjusted capital and share purchases by foreign investors reached 31.15 billion USD as of December 20, up 9.2 percent annually, reported the Foreign Investment Agency (FIA). Specifically, as many as 1,738 projects received investment licenses with a total registered capital of over 15.2 billion USD, down 31.1 percent in volume and up…

VinFast Announces Plan to Switch to All-Electric Vehicle Production


VinFast Announces Plan to Switch to All-Electric Vehicle Production

Vietnamese automaker VinFast announced to stop producing internal combustion engine (ICE) cars and switch to all-electric vehicle production from the end of 2022 at the Consumer Electronics Show CES 2022 in Las Vegas, the US. Along with the commitment to becoming a carmaker of this type, the company launched five electric vehicles including models VF…

Vietnam Still No.2 Coffee Exporter


Vietnam Still No.2 Coffee Exporter

Vietnam’s 2021 coffee export revenue is estimated at over 3 billion USD despite the COVID-19 pandemic, according to an industry official Nguyen Nam Hai, vice president of the Vietnam Coffee and Cocoa Association (Vicofa), said the country remains the second largest exporter of the drink in the world, second only to Brazil, accounting for 8.3…

5,600 Digital Technology Firms Were Established in Vietnam 2021


5,600 Digital Technology Firms Were Established in Vietnam 2021

About 5,600 digital technology firms were established in 2021, raising the total number of such firms in Vietnam to around 64,000, according to the Ministry of Information and Communications. Noting that the number of “Make in Vietnam” companies has increased sharply, Nguyen Thanh Tuyen, Deputy Director of Information Technology Department under the Ministry of Information…

Vietnam Airlines Offers Tickets to 5 Countries or Territories


Vietnam Airlines Offers Tickets to 5 Countries or Territories

Vietnam Airlines has offered tickets for regular flights to the Korea, Singapore, Thailand, Laos and Taiwan. Earlier, the national flag carrier put up for sale tickets to the US, Japan and Cambodia. It is awaiting approval from competent agencies to reopen flights to Europe and Australia this month, towards completely restoring international routes in early…

Vietnam-Japan joint venture develops Binh Duong New City


Vietnam-Japan joint venture develops Binh Duong New City

Becamex Tokyu Co. Ltd, a joint venture between Vietnam’s Becamex IDC Corp and Japan’s Tokyu Corporation, began construction of the first shopping centre named Sora Gardens SC in Binh Duong New City in the southern province of Binh Duong. The shopping centre sprawls over 5,000 sq.m in Hoa Phu ward, Thu Dau Mot city at…