Vietnam News Economy

The ‘Canada Brand’ campaign began on Friday at Lotte Mart in HCM City’s District 7, showcasing the finest Canadian foods to Vietnamese customers.

Bình Dương has a trade surplus with many markets that have signed and implemented free trade agreements with Việt Nam, such as the UK and the EU.

Vietnamese goods will benefit from the reduction of intermediate stages or inspection costs when exported to third-party territories, according to experts.

Foreign direct investment (FDI) inflows in the northern province of Thai Binh have exceeded US$1 billion for the second consecutive year in 2024, according to local authorities.

An economic and trade cooperation talks between the northern mountainous province of Cao Bang and Baise city of China’s Guangxi took place in Cao Bang city on December 13. ​

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is believed to accelerate the economic relations between Việt Nam and the UK to a new height. It also offers a significant opportunity for businesses to expand their market reach and enhance their competitiveness.

The EU's Deforestation Regulation (EUDR) poses challenges for Việt Nam's rubber industry, but it also opens doors to new opportunities.

Việt Nam’s strategic policies, young workforce, and increasing focus on sustainability make it a prime destination for Malaysian investors, aligning closely with the vision of Malaysian business leaders, affirmed Angus Liew, president of the Malaysian Business Chamber Vietnam (MBCV)

The shopping space features famous global brands such as Gucci, Dior, Chanel, Adidas and Burberry.

PVI, the leading player in Việt Nam’s non-life insurance market, is on track to reach a total revenue of VNĐ20 trillion (US$787.4 million) by the end of 2024, with ambitious plans to become a billion-dollar company on the stock market.

The KP Aerospace Việt Nam company from the Republic of Korea officially opened its factory at Đà Nẵng Hi-Tech Park after 10 months of construction, marking the second aerospace industry project in the city.

The platform, nongsan.buudien.vn is the first dedicated to high-quality agricultural products in Việt Nam.

Mirae Asset Securities maintains an optimistic view of the VN-Index for December, citing robust demand and liquidity, with potential to exceed the 1,300-point threshold. Looking ahead to 2025, key factors driving growth include strong manufacturing performance bolstered by reliable electricity supplies, Việt Nam’s strategic position in attracting foreign investment and a recovering domestic consumption market.

One of the major highlights of the amended Electricity Law is the emphasis on market-driven pricing mechanisms for electricity sales, with state regulation to ensure fair competition.

It has been projected by 2025, the country’s e-commerce market will surpass US$25 billion, according to a report from the Ministry of Industry and Trade (MoIT).

Việt Nam’s garment and textile industry needs to develop a closed-loop supply chain with a focus on obtaining self – sufficiency in raw materials in order to meet the rules of origin under the UK – Việt Nam Free Trade Agreement (UKVFTA) for expanding exports to this market.

"When digital assets are officially defined and regulated, it will contribute to protecting user rights, minimising risks, promoting the digital economy, attracting investment and enhancing innovation," said the Vice Chairman of the Việt Nam Blockchain Association (VBA).

Banks use charter capital to cover shortages as lending exceeds capital raising, but experts warn this gap risks higher interest rates and banking system instability.

Director General of the Việt Nam Railway Authority Trần Thiện Cảnh said the annual conference is held on a rotation basis between the two countries to negotiate, resolve issues, and reach agreement on annual amendments and supplements to the Việt Nam-China railway protocol.

The ceremony for the National Quality Awards and the Global Performance Excellence Awards for 2021-2023 will take place on December 18 at the Military Theatre in Hà Nội.