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Overcoming many challenges, leather and footwear exports reached over 27 billion USD

The Vietnam Leather, Footwear and Handbag Association said that despite facing many difficulties, the export of the leather, footwear and handbag industry in 2024 is still estimated to reach 27.04 billion USD, an increase of 11.45% compared to 2023; of which, footwear exports reached 23.24 billion USD, an increase of 13.16% and suitcases-bags-briefcases reached 3.8 […]

Import and export between Vietnam and CPTPP market exceeds 102 billion USD

Synthesizing information on the cooperation and trade situation between Vietnam and CPTPP member markets by the Center for Industry and Trade Information (Ministry of Industry and Trade) shows that in 2024, two-way trade turnover between Vietnam and the CPTPP market is estimated to reach 102.1 billion USD, up 6.8% compared to 2023, accounting for 13.1% […]

In 11 months, Vietnam had a trade surplus of 3.474 billion USD to the Philippine market

According to statistics from the Import-Export Department, Ministry of Industry and Trade, the total import-export turnover between Vietnam and the Philippines by the end of November 2024 has officially exceeded 8 billion USD (8.042 billion USD). Specifically, Vietnam’s export turnover to the Philippine market in the first 11 months of 2024 reached 5.758 billion USD, […]

Dong Thap exports nearly 1.4 million tons of rice

At the conference summarizing the Industry and Trade sector of Dong Thap province in 2024, the Department of Industry and Trade of Dong Thap province said that in 2024, the province’s export turnover in 2024 is estimated to reach 2 billion USD, an increase of more than 53% compared to 2023, reaching more than 142% […]

Fruit and vegetable exports in 2024 set a record of 7.12 billion USD

Mr. Phung Duc Tien, Deputy Minister of Agriculture and Rural Development, said that the estimated export turnover of fruits and vegetables in 2024 will reach 7.12 billion USD, an increase of 27.1% compared to 2023. This is the first year that the fruit and vegetable industry has reached and surpassed the threshold of 7 billion […]

Vietnam e-commerce market 3rd largest in Southeast Asia

Vietnam’s e-commerce market is estimated at US$22 billion, the third largest in Southeast Asia behind only Indonesia ($65 billion) and Thailand ($26 billion). The market has grown by 18% from last year, the third fastest rate behind the Philippines (23%) and Thailand (19%), according to the annual “e-Conomy SEA 2024” report by Google, Temasek and […]

Vietnam to lead ASEAN in economic growth this year

Vietnam is expected to lead ASEAN in growth this year with a GDP expansion rate of 7%, driven by manufacturing and trade, according to lender HSBC. The forecast is grounded on strong performances in the second and third quarter with growth rates of 6.9% and 7.4% respectively, the bank said in a note. Vietnam is […]

Ho Chi Minh City Economy 2024: Estimated growth of 7.17%, many outstanding bright spots

At the conference to summarize the implementation of socio-economic development tasks in 2024, and to disseminate and deploy tasks in 2025 of the Ho Chi Minh City People’s Committee on December 26, Mr. Duong Ngoc Hai, Permanent Vice Chairman of the Ho Chi Minh City People’s Committee, said that in 2024, despite facing many difficulties […]

Foreign suppliers pay nearly $341M in taxes in 2024

A total of 120 foreign suppliers have registered, declared, and paid taxes worth more than VND8.68 trillion (US$340.6 million) through the General Department of Taxation’s e-portal this year. This amounted to 74% of the annual target and marked a 26% year-on-year increase. According to the department, foreign withholding tax collected from companies offering cross-border digital […]

Overseas investment rises by almost 60% in 2024

The Foreign Investment Agency under the Ministry of Planning and Investment reported that Việt Nam’s overseas investment in 2024 rose by 57.7 per cent year-on-year to US$664.8 million. The capital went towards 164 new projects and towards increasing funding for 26 projects already in operation. The agency said that in 2024, Vietnamese investors put capital […]

Viet Nam to establish two financial centers in 2025

The move aims to realize the Politburo’s conclusion on building regional and international financial centers in Da Nang City and Ho Chi Minh City, the Government said in a plan released on Saturday. The Government tasked the Municipal People’s Committees of Ho Chi Minh City and Da Nang City to work closely with relevant agencies […]

Industrial production in 2024 exceeds target

According to data released by the General Statistics Office on the morning of January 6, 2025, the industrial production index (IIP) in the fourth quarter of 2024 increased by 7.9% over the same period last year. In general, in 2024, the industrial production index is estimated to increase by 8.4% over the previous year (in […]