Vietnam’s Timber Exports Record Strong Growth in the First Seven Months


Vietnam’s Timber Exports Record Strong Growth in the First Seven Months

Vietnam’s exports of timber and timber products in the first seven months of 2021 were estimated at US$9.58 billion, up 55% over the same period in 2020, according to the General Department of Customs. Data shows timber product shipments were estimated at US$7.44 billion, up 64% year on year. Experts say such figures are exceptional…

Business opportunities abundant for Swiss firms in Vietnam


Business opportunities abundant for Swiss firms in Vietnam

Business, trade and investment opportunities in Vietnam were introduced to businesses of Geneva and French-speaking states of Switzerland during a seminar in Geneva. Ambassador Le Thi Tuyet Mai, Permanent Representative of Vietnam to the UN, the World Trade Organisation, and other international organisations in Geneva, briefed participants on the business environment in Vietnam as well…

President hosts Australian minister for trade, tourism and investment


President hosts Australian minister for trade, tourism and investment

State President Nguyen Xuan Phuc hosted a meeting for visiting Australian Minister for Trade, Tourism and Investment Dan Tehan in Hanoi on July 13. Welcoming Minister Tehan and the Australian delegation to visit Vietnam, the President said he believes the visit will contribute to strengthening the Vietnam-Australia partnership with economic-trade cooperation as the core. President…

Vietnam’s VinFast starts operations in North America and Europe


Vietnam’s VinFast starts operations in North America and Europe

Vietnam’s first domestic car manufacturer, Vinfast, said on Monday it has opened offices in North America and Europe, joining a crowded field of players seeking to woo customers with smart electric cars. VinFast, a unit of Vietnam’s largest conglomerate Vingroup JSC (VIC.HM), became the country’s first fully fledged domestic car manufacturer when its gasoline-powered models…

UOB: Vietnam economy to expand 6.7% in 2021


UOB: Vietnam economy to expand 6.7% in 2021

Singaporean lender United Overseas Bank (UOB) forecast Vietnam’s GDP would grow by 6.7 percent this year. It said Vietnam’s economic growth trajectory remained on track, with exports in the first five months growing 35.5 percent year-on-year, while imports rose 54 percent. Foreign direct investment (FDI) inflows remain upbeat so far in 2021, a reflection of…

Vietnam President hosts Singaporean Foreign Minister


Vietnam President hosts Singaporean Foreign Minister

State President Nguyễn Xuân Phúc has lauded the widespread and effective development of Việt Nam – Singapore friendship during a reception in Hà Nội on Monday for Singaporean Minister for Foreign Affairs Vivian Balakrishnan. He hailed Singapore as the top investor in Việt Nam since 2020 among 70 countries and territories investing in the country. Việt…

Ho Chi Minh City requires over US$42 billion for transport infrastructure upgrades


Ho Chi Minh City requires over US$42 billion for transport infrastructure upgrades

The Ho Chi Minh City People’s Committee has issued a plan to implement the city’s transport infrastructure upgrade project in the 2021-2030 period, which will require investment of VND970.6 trillion (US$42.3 billion). About VND399.7 trillion will be funded by the State budget and the remaining nearly VND571 trillion will come from other capital sources. Under…

Central Retail: Vietnamese Farm Produce
Gain Competitive Edge on Global Market


Central Retail: Vietnamese Farm ProduceGain Competitive Edge on Global Market

Vietnam’s farm produce can completely compete with products in other countries around the world, Head of Creating Shared Values Projects of Central Retail Corporation Public Company Limited (CRC) Paul Le told Nong nghiep Viet Nam (Vietnam Agriculture) newspaper. In a recent interview granted to the newspaper, Le said agriculture is one of the key sectors…

PV Gas among Forbes Vietnam’s list of top 50 listed firms for 9th year


PV Gas among Forbes Vietnam’s list of top 50 listed firms for 9th year

The PetroVietnam Gas Joint Stock Corporation (PV GAS) has been named among the top 50 listed companies 2021 by Forbes Vietnam for the 9th consecutive year. Forbes Vietnam said despite the COVID-19 pandemic, the companies included in the list have sought business opportunities, achieved good results and contributed to the country’s economic development. The firms…

Vietnam’s footwear exports to EU grow


Vietnam’s footwear exports to EU grow

Thanks to the preferential tariffs under the EU-Vietnam Free Trade Agreement, footwear exports to the bloc’s 27 member countries increased by 19.2 per cent year-on-year in the first quarter of 2021. Overall exports, mainly of aquatic products, textile-garment, footwear, and farm produce, were worth nearly US$4.8 billion. The importing markets were mostly countries with ports…