Category Archives: News

HCM City enjoys significant economic growth in 1H

GRDP up 6.46%, the higest in the last three years. Ho Chi Minh City recorded significant economic growth in the first half of 2024 with the GRDP soaring 6.46% year-on-year, the highest rate in the last three years, according to the city’s Statistics Office. The figure is higher than the national average of 6.42%. Of […]

Vietnam’s PMI increases sharply in June

New orders surging at one of the fastest rates on record. The rate of expansion in the Vietnamese manufacturing sector accelerated sharply at the end of the second quarter, according to the latest report from the S&P Global. New orders rose at one of the fastest rates on record, prompting firms to ramp up production […]

Vietnam earns $3B from rice exports in H1

Vietnam exported 4.68 million tonnes of rice in the first six months of this year, earning almost $3 billion, according to the Ministry of Agriculture and Rural Development. The figures represent an increase of 10.4% in volume and 32% in value over the same period last year. The country harvested 3.48 million ha of rice […]

Central Highlands province Lam Dong attracts $4.9 bln in new investments

Vietnam’s Central Highlands province of Lam Dong on Sunday gave in-principle approvals, investment registration certificates and memoranda of understanding to 12 projects with total registered capital of VND125 trillion ($4.91 billion). The projects were revealed at a ceremony to announce the provincial master plan for the 2021-2030 period, with a vision to 2050. The investments […]

Apple supplier Wistron plans new $24.5 mln plant in northern Vietnam

Taiwan-headquartered electronics manufacturer Wistron, a major Apple supplier, is set to invest $24.5 million in a new factory in Vietnam’s northern province of Ha Nam. According to documents released by the Ministry of Natural Resources and Environment, the project, named Victory II, will cover 4.9 hectares in Dong Van III industrial park. Wistron Technology (Vietnam) […]

Cinnamon exports surge by 75% in May

Vietnam exported 11,176 tons of cinnamon worth US$31.1 million in May, up 75% in volume and 63% in value from the previous month. India, Bangladesh and the U.S. were the three main export markets of Vietnamese cinnamon with 4,514 tons, 1,693 tons, and 1,043 tons respectively. Notably, cinnamon exports to some markets saw a sudden […]

Hong Kong battery maker plans $5.5 mln additional investment in southern Vietnam

The Singapore subsidiary of Hong Kong-based Leoch Battery will invest an additional $5.5 million in its project in Binh Phuoc, the largest province in southern Vietnam. According to an investment certificate recently granted by Binh Phuoc authorities to Leoch International Holding PTE. Ltd., the extra investment will increase the firm’s total investment to $35.1 million. […]