CPTPP, UKVFTA to boost UK - Vietnam trade relations

CPTPP, UKVFTA to boost UK - Vietnam trade relations

Together with the UK - Vietnam Free Trade Agreement (UKVFTA), the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will create new opportunities for companies and consumers in the UK and Vietnam, affirmed British Ambassador to Vietnam Iain Frew.
Total retail sales of goods, services in 11 months up 8.8%

Total retail sales of goods, services in 11 months up 8.8%

Vietnam’s total retail sales of consumer goods and services saw a year-on-year increase of 8.8% to more than VND5.8 quadrillion (US$228.4 billion) in January – November, according to the General Statistics Office (GSO).
Fruit and vegetable sector sets sights on US$10 billion export target by 2030

Fruit and vegetable sector sets sights on US$10 billion export target by 2030

The Vietnamese fruit and vegetable industry is anticipated to earn US$10 billion from exports by 2030, said Dang Phuc Nguyen, general secretary of the Vietnam Fruit and Vegetable Association (Vinafruit).
Hanoi ensures sufficient goods stockpiles for Tet holiday

Hanoi ensures sufficient goods stockpiles for Tet holiday

The Hanoi Department of Industry and Trade and enterprises are gearing up for the upcoming Tet (Lunar New Year) holiday with plans to ensure a robust supply of goods and stabilise prices to meet consumer needs during the peak shopping season.
Vietnam’s e-commerce boom: a 5.8 bln USD opportunity by 2028

Vietnam’s e-commerce boom: a 5.8 bln USD opportunity by 2028

Vietnam’s business-to-consumer (B2C) e-commerce export value is estimated at 145.2 trillion VND (5.8 billion USD) by 2028, with micro, small and medium-sized enterprises (MSMEs) projected to contribute 25%.
Vietnam’s pangasius exports reach US$1.8 billion in 11 months

Vietnam’s pangasius exports reach US$1.8 billion in 11 months

(VEN) - According to data from the Vietnam Customs, pangasius export revenue in November 2024 reached US$179 million, a 16 percent increase compared to November 2023. The cumulative pangasius export value for 11 months of 2024 totaled US$1.8 billion, up 10 percent year on year.
Maintaining stability in Vietnam’s real estate market

Maintaining stability in Vietnam’s real estate market

Vietnam’s real estate market is currently showing positive recovery after a difficult period, thanks to economic stability and government support policies.
Vietnam’s textile, garment exports to reach target of US$47-48 billion in 2025

Vietnam’s textile, garment exports to reach target of US$47-48 billion in 2025

(VEN) - Vietnam’s textile and garment exports in 2024 are expected to reach US$44 billion. The sector has set a US$47-48 billion export target for 2025.
Shrimp exports expected to hit 4 billion USD in 2024

Shrimp exports expected to hit 4 billion USD in 2024

With double-digit growth in key markets, Vietnam's shrimp exports are projected to rake in 4 billion USD in 2024, according to insiders.
US remains largest consumer of Vietnamese scallops

US remains largest consumer of Vietnamese scallops

Vietnam grossed over US$31 million from exporting scallop products during the ten-month period, up 206% on-year, with the US being the country’s largest export market, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
MoIT sets export growth at 6% in 2025

MoIT sets export growth at 6% in 2025

The Ministry of Industry and Trade (MoIT) has set a target of 6% export growth in 2025 as global inflation has cooled down and international market demand recovers.
Vietnam’s coffee exports possibly top 5 billion USD for first time

Vietnam’s coffee exports possibly top 5 billion USD for first time

Coffee prices have increased by over 50% on average this year, enabling the export revenue to potentially surpass 5 billion USD for the first time.
Vietnamese canned tuna market share in US increases

Vietnamese canned tuna market share in US increases

(VEN) - After nearly half a year of continuous decline, Vietnam’s canned tuna exports to the US rebounded in October 2024.
Eleven-month cinnamon exports fetch nearly US$250 million

Eleven-month cinnamon exports fetch nearly US$250 million

Vietnam raked in more than US$249.2 million from exporting 90,270 tonnes of cinnamon during the past 11 months of the year, up 10.2% in volume and 3.9% in value against the same period from last year.
Vietnam-China trade turnover reaches nearly US$200 billion

Vietnam-China trade turnover reaches nearly US$200 billion

Two-way trade turnover between Vietnam and China during the past 11 months of the year reached US$185.4 billion, according to the latest report released by the General Statistics Office (GSO).
Vietnam - US trade turnover hits over US$122 billion in 11 months

Vietnam - US trade turnover hits over US$122 billion in 11 months

Two-way trade turnover between Vietnam and the US reached US$122.4 billion during the 11-month period, exceeding last year’s figure of US$111 billion, according to information released by the General Statistics Office (GSO).
Vietnam records 24.3 billion USD trade surplus in 11 months

Vietnam records 24.3 billion USD trade surplus in 11 months

Hanoi (VNA) - Vietnam posted a trade surplus of 24.31 billion USD in the January-November period, according to the General Statistics Office.
Rice exports to set record of 9 million tonnes this year

Rice exports to set record of 9 million tonnes this year

Hanoi – Rice exports are likely to hit a record high of 9 million tonnes in 2024, given a total volume of nearly 8.5 million tonnes shipped abroad in the first 11 months, according to insiders.
Việt Nam’s exports expected to hit highest growth since 2021

Việt Nam’s exports expected to hit highest growth since 2021

HÀ NỘI — Việt Nam's exports are expected to grow by 18 per cent this year, marking the highest rate since 2021, according to UOB Bank.
Online Friday 2024 successful with impressive figures

Online Friday 2024 successful with impressive figures

Hanoi – Over 900 livestreamed sessions, 1.8 billion views on TikTok shops using the hashtags #OnlineFriday and #TuHaoHangViet, nearly 4,750 response videos, and over 30 departments of industry and trade are just a few of the remarkable statistics showcasing the success of Vietnam's National E-commerce Week and Online Friday 2024 from November 25 to December 1.
Temu halts operations in VN, awaits registration approval

Temu halts operations in VN, awaits registration approval

HÀ NỘI — The e-commerce platform Temu, originating from China, has suspended its operations in Việt Nam as per requests from the Ministry of Industry and Trade.
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HGS affirms ground service quality in aviation sector

HGS affirms ground service quality in aviation sector

(VEN) - During the 17-year establishment and development period, the Hanoi Ground Services Joint Stock Company (HGS) has affirmed its name and solid position in providing ground services for the Vietnamese aviation sector.
Banking sector: Capital flows with no congestion

Banking sector: Capital flows with no congestion

(VEN) - So far, despite the difficulties in capital sources, the Vietnamese banking sector continued to maintain stability. Capital injection into the economy has been more favorable, with no congestion like in previous years. That is a great achievement of the sector in 2024.
VAECO contributes to elevating Vietnamese aviation brand

VAECO contributes to elevating Vietnamese aviation brand

(VEN) - A subsidiary of Vietnam Airlines, the Vietnam Airlines Engineering Company Limited (VAECO), currently provides maintenance, repair and overhaul (MRO) services for the entire Vietnam Airlines fleet and over 80 other commercial airlines worldwide.
Amended Electricity Law proves MoIT’s institutional improvement success

Amended Electricity Law proves MoIT’s institutional improvement success

(VEN) - The amended Electricity Law has been recently passed by the National Assembly, marking a new milestone deeply influenced by the Ministry of Industry and Trade (MoIT) in enhancing the institutional framework in a “rapid” spirit.
FTAs enhance  Vietnam-China trade growth

FTAs enhance Vietnam-China trade growth

(VEN) - Economists have said free trade agreements (FTAs) and the establishment of a comprehensive strategic cooperative partnership between Vietnam and China have strongly promoted bilateral trade development in recent years.
glorious tradition of the vietnam peoples army

Glorious tradition of the Vietnam People's Army

The Vietnam People’s Army (VPA) celebrate its 80th founding anniversary on December 22, 2024, a milestone in the army’s glorious history of serving and defending the nation. After 80 years of construction and development, the VPA has truly proven its revolutionary nature as an army “born from the people, fighting for the people, and serving the people”.
total fdi registered in vietnam hits 314 billion usd in january november

Total FDI registered in Vietnam hits 31.4 billion USD in January-November

As of November 30, 2024, the total newly registered capital, adjusted capital, and capital contributions or share purchases by foreign investors in Vietnam reached nearly 31.4 billion USD, up 1% increase compared to the same period last year.
first 11 months of 2024 import export turnover increases 154

First 11 months of 2024: Import-export turnover increases 15.4%

In the first 11 months of this year, Vietnam’s total import-export turnover reached 715.55 billion USD, up 15.4% against the same period last year, of which exports rose by 14.4% and imports up 16.4%. In the reviewed period, Vietnam enjoyed a trade surplus of 24.31 billion USD.
11 month agro forestry fishery exports exceed yearly target

11-month agro-forestry-fishery exports exceed yearly target

Vietnam’s total export turnover of agro-forestry-fishery products in the first 11 months of 2024 reached 56.74 billion USD, an increase of 19% over the same period in 2023. The sector has exceeded the set target of 54-55 billion USD for the whole year, and is confidently aiming for a new record of 60 billion USD.
hanoi achieves or exceeds 2324 socio economic targets for 2024

Hanoi achieves or exceeds 23/24 socio-economic targets for 2024

Hanoi achieves rather comprehensive results in its socio-economic development in 2024, with 23/24 targets completed or exceeded.
Amended Electricity Law proves MoIT’s institutional improvement success

Amended Electricity Law proves MoIT’s institutional improvement success

(VEN) - The amended Electricity Law has been recently passed by the National Assembly, marking a new milestone deeply influenced by the Ministry of Industry and Trade (MoIT) in enhancing the institutional framework in a “rapid” spirit.
Ministry proposes extending agricultural land tax exemption through 2030

Ministry proposes extending agricultural land tax exemption through 2030

The Ministry of Finance has proposed the National Assembly extend the agricultural land tax exemption until December 31, 2030, a move aimed at encouraging investments in agriculture and rural areas to improve the competitive edge of the agricultural products amidst deeper international integration.
Gov

Gov't targets to gradually make English second language at schools by 2030

The Government has approved a plan for international cooperation in the field of education and training until 2030 in order to improve the quality of workforce for socio-economic development.
Nine newly-adopted laws made public

Nine newly-adopted laws made public

The Presidential Office on December 20 announced the President’s order to make public nine new laws that were passed by the 15th National Assembly at its eighth session.
Success story behind 500kV Circuit-3 transmission line project

Success story behind 500kV Circuit-3 transmission line project

(VEN) - After over-seven-month construction, the 500kV Circuit-3 Quang Trach - Pho Noi power transmission line project, with its enormous workload, was completed on schedule, marking a milestone of the Vietnamese electricity sector in 2024.
Ministry proposes incentives for renewable energy projects

Ministry proposes incentives for renewable energy projects

The Ministry of Industry and Trade has proposed incentives to attract investments in renewable energy projects in a draft decree on implementing the Law on Electricity, which has recently been made public for comments.
The Era of Advancement for Vietnam Industrial Park

The Era of Advancement for Vietnam Industrial Park

(VEN) - The Vietnam Industrial Park Forum 2024, themed “The Era of Advancement for Vietnam Industrial Park”, is officially held in Ho Chi Minh City.
Vietnamese coffee sector working to meet EU Deforestation Regulation

Vietnamese coffee sector working to meet EU Deforestation Regulation

The Vietnamese Ministry of Agriculture and Rural Development (MARD) and the Sustainable Trade Initiative (IDH) organisation of the Netherlands on December 17 co-organised the handover ceremony of the pilot results for the database system for forests and coffee-growing areas in compliance with the EU Deforestation Regulation (EUDR).
Nghe An Southeast Economic Zone aims to attract 1 billion USD in FDI in 2025

Nghe An Southeast Economic Zone aims to attract 1 billion USD in FDI in 2025

The Southeast Economic Zone of Nghe An Province targets attracting around 1 billion USD in foreign direct investment (FDI) in 2025, heard at a conference held by the Nghe An Southeast Economic Zone Management Board in Vinh City on December 20.
Boeing aims to expand investment and cooperation in Vietnam’s defense sector

Boeing aims to expand investment and cooperation in Vietnam’s defense sector

Mr. Dale McDowall, Executive Leader, Defense and Aerospace, Singapore and Southeast Asia at Boeing's Defense, Space & Security, announced that Boeing aims to invest in Vietnam and expand cooperation in the defense sector.
Can Tho attracts non-state investment

Can Tho attracts non-state investment

Can Tho has been planned as a nuclear urban centre of the Mekong Delta region and received central government attention after the National Assembly issued a resolution on piloting special mechanisms for Can Tho’s development.
FDI remains vital contributor to boost economic growth

FDI remains vital contributor to boost economic growth

Foreign direct investment (FDI) remains one of the most vital drivers of national economic growth, recording remarkable results in 2024.
Banking sector: Capital flows with no congestion

Banking sector: Capital flows with no congestion

(VEN) - So far, despite the difficulties in capital sources, the Vietnamese banking sector continued to maintain stability. Capital injection into the economy has been more favorable, with no congestion like in previous years. That is a great achievement of the sector in 2024.
Year-end surge in property bond issuance amid financial challenges

Year-end surge in property bond issuance amid financial challenges

As 2024 draws to a close, Vietnam's real estate industry is witnessing a notable surge in corporate bond issuances.
Vietcombank named most valuable brand in Vietnam

Vietcombank named most valuable brand in Vietnam

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has become the most valuable brand in Vietnam in 2024, according to a recently released report of Forbes Vietnam.
Many banks increase deposit interest rates in year-end period

Many banks increase deposit interest rates in year-end period

In the year-end period, savings interest rates have become a focal point, with many banks adjusting their offerings, showing clear divergence.
Vietnam likely to face continued turbulent weather systems in 2025

Vietnam likely to face continued turbulent weather systems in 2025

Global temperatures are expected to rise next year, posing a significant risk of extreme and prolonged heat waves in Vietnam, Mai Van Khiem, Director of the National Centre for Hydro-Meteorological Forecasting (NCHMF), has predicted.
Nature-based projects help Mekong Delta fight climate change

Nature-based projects help Mekong Delta fight climate change

Nature-based projects implemented by the World Wildlife Fund (WWF) Vietnam in the Mekong Delta region have helped support local residents to adapt to climate change, heard at a workshop which is part of The Mekong Connect Forum 2024 held in Mekong Delta province of An Giang on December 17.
11 rare monkeys released back into wild in Nghe An

11 rare monkeys released back into wild in Nghe An

Eleven rare monkeys were released into the Pu Huong Nature Reserve in the central province of Nghe An on December 17.
Master Plan on Sustainable Exploitation and Use of Coastal Resources announced

Master Plan on Sustainable Exploitation and Use of Coastal Resources announced

(VEN) - The Master Plan on Sustainable Exploitation and Use of Coastal Resources for the 2021-2030 period, with a vision to 2050, was announced by the Ministry of Natural Resources and Environment on December 15 at a conference in Khanh Hoa Province.
Contracts worth 286.3 million USD inked at Vietnam Int’l Defence Expo 2024

Contracts worth 286.3 million USD inked at Vietnam Int’l Defence Expo 2024

Sixteen contracts worth 286.3 million USD in total, and 17 cooperation agreements between Vietnam’s defence industry units and businesses from various countries such as the US, India, France and Belgium were signed at the Vietnam International Defence Expo 2024 held in Hanoi from December 19-22.
Vietnam can partner with UK in developing nuclear power: Expert

Vietnam can partner with UK in developing nuclear power: Expert

Vietnam should research the feasibility of applying small modular nuclear reactor technology that the UK is currently working on, according to Dr. Dao Duc Cuong from the mechanical, engineering and energy faculty of the University of Bradford of the UK.
Vinaphone launches fastest 5G service in Vietnam

Vinaphone launches fastest 5G service in Vietnam

Vinaphone, the mobile network operator under the Vietnam Posts and Telecommunications Group (VNPT), has launched its official 5G service offering ultra-fast speed and unparalleled experience for both individual users and businesses alike.
Vietnam cooperates with Google to launch “Official Government Apps" feature

Vietnam cooperates with Google to launch “Official Government Apps" feature

The Authority of Information Security (AIS) under the Ministry of Information and Communications, in collaboration with Google, launched the "Official Government Apps" feature on December 20 to enhance user protection against fraudulent activities and ensure online safety in Vietnam.
30-day free rides on 17 bus routes connected to Metro Line 1

30-day free rides on 17 bus routes connected to Metro Line 1

(VEN) - There will be 200 train trips to transport passengers, and all passengers using the 17 electric bus routes will enjoy free travel for one month from the launch date of Ben Thanh - Suoi Tien Metro Line (Metro Line 1).
Bac Ninh: 28 additional 4-star-rated OCOP products

Bac Ninh: 28 additional 4-star-rated OCOP products

(VEN) - Bac Ninh province recently organized the second assessment and classification of OCOP products in 2024. Accordingly, 28 more OCOP products have been rated as 4-star. Thus, so far, the province has more than 100 OCOP 3-star- and 4-star-rated products.
HCM City’s first metro line launched after years of delay

HCM City’s first metro line launched after years of delay

Ho Chi Minh City marked a significant milestone in its long-awaited mass transit development on December 22, with the official launch of its first metro line after years of delay.
Aviation sector strengthens smuggling, commercial fraud and counterfeit goods control

Aviation sector strengthens smuggling, commercial fraud and counterfeit goods control

(VEN) - On the afternoon of December 20, the Civil Aviation Authority of Vietnam (CAAV) issued a document to relevant units regarding the implementation of a plan to combat smuggling, commercial fraud, and counterfeit goods before, during, and after the Lunar New Year (Tet) of 2025.
VAECO contributes to elevating Vietnamese aviation brand

VAECO contributes to elevating Vietnamese aviation brand

(VEN) - A subsidiary of Vietnam Airlines, the Vietnam Airlines Engineering Company Limited (VAECO), currently provides maintenance, repair and overhaul (MRO) services for the entire Vietnam Airlines fleet and over 80 other commercial airlines worldwide.
Petrovietnam keeping national “energy flame” ever burning

Petrovietnam keeping national “energy flame” ever burning

(VEN) - On November 27, in Hanoi, the Vietnam Oil and Gas Group (Petrovietnam) held a meeting to celebrate the 63rd anniversary of the Traditional Day of the Vietnamese oil and gas sector (November 27, 1961 - November 27, 2024). At the event, the Group praised outstanding member units for exceeding financial targets and implementing corporate culture in the first 11 months of 2024.
Vietnamese products crave out a niche in UK market: Official

Vietnamese products crave out a niche in UK market: Official

Vietnamese goods have steadily established a strong presence in the UK, with exports to this demanding market continously growing since 2021, said Hoang Le Hang, First Secretary of the Vietnam Trade Office in the UK.
Viettel

Viettel's hi-tech products meets standards for supply to Malaysia

The Viettel High Technology Industries Corporation (VHT), a subsidiary of the the Viettel Military Industry and Telecoms Group (Viettel), announced on December 20 that it has received a certification from the Ministry of Defence, and the Army of Malaysia, recognising that Viettel's military communication products meet standards to be supplied to the Malaysian Army.
tcty-dau-khi-vn-pv-power-2022
Fireworks to light up sky over Hanoi on New Year celebration

Fireworks to light up sky over Hanoi on New Year celebration

The capital city of Hanoi is set to welcome the New Year 2025 with spectacular firework displays at five locations and 30 venues for the Lunar New Year (Tet) Festival.
Vietnam’s high-end fashion targets Chinese market

Vietnam’s high-end fashion targets Chinese market

An increasing number of Chinese celebrities are choosing high-end Vietnamese fashion, creating new opportunities for Vietnamese designers to make their mark in the 1.4 billion-strong market.
Enduring tradition of Ha Nhi ethnic minority group

Enduring tradition of Ha Nhi ethnic minority group's costumes

Nestled in the rugged landscapes of northern mountainous Dien Bien province, Ha Nhi ethnic minority group in Sin Thau, Sen Thuong, Leng Su Sin and Chung Chai communes of Muong Nhe district have preserved their traditional costumes through generations, ensuring that its significance remains as vital today as it was in the past.
Legendary band Boney M to thrill Vietnamese audiences this Christmas

Legendary band Boney M to thrill Vietnamese audiences this Christmas

World renowned disco band Boney M are set to enliven the Central Highland province of Lam Dong alongside celebrated singers and bands from the 1970s and 1980s, including Joy and Samantha Fox, during the Da Lat spring concert which will be held on December 21.
Vietnam a green, attractive destination

Vietnam a green, attractive destination

(VEN) - Vietnam is seeking to turn tourism into a spearhead economic sector, and has chosen green, sustainable tourism development as an important solution to reach this target.
Mekong Delta tourism continues to surge

Mekong Delta tourism continues to surge

The Mekong Delta, one of Vietnam's key tourism regions, has worked hard in developing new products and promoting its offerings this year, achieving impressive results in visitor numbers and revenue from tourism and related services.
Ben Thanh-Suoi Tien metro line - catalyst for HCM City

Ben Thanh-Suoi Tien metro line - catalyst for HCM City's tourism development

The official launch of the first metro line in Ho Chi Minh City, which connects Ben Thanh Market in district 1 with Suoi Tien Theme Park in Thu Duc city, not only marks a significant milestone in its urban transport system but add a catalyst for the city’s stronger tourism development.
Overseas tourism promotion: Breakthrough in market connectivity

Overseas tourism promotion: Breakthrough in market connectivity

(VEN) - In 2024, overseas tourism promotion activities achieved groundbreaking effectiveness in connecting tourist markets.
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