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The Total Export Turnover Of The Agricultural Sector Reached Nearly 52 Billion USD

Exports of wood, pepper, seafood, and cashew nuts to the US increased by 26-96% in the first 9 months of the year. According to data from the Ministry of Agriculture and Rural Development, in 10 months, the total export turnover of the agricultural sector reached nearly 52 billion USD, up 20% over the same period […]

Gasoline Prices Currently Hover Around 21,000 VND Per Liter

Gasoline and oil prices increased by 110-500 VND per liter, kg from 3:00 p.m. today, after adjustment by the Ministry of Industry, Trade and Finance. The price of RON 95-III gasoline (a popular type on the market) increased by 330 VND, to 20,850 VND per liter. E5 RON 92 at 19,840 VND per liter, an […]

Textile And Garment Exports This Year Are Estimated To Reach 44 Billion USD

Textile and garment export turnover in 2024 is estimated to reach 44 billion USD, an increase of nearly 11.3% compared to last year, according to the Vietnam Textile and Apparel Association (Vitas). The information was stated by Vitas Chairman Vu Duc Giang at the press conference on November 19. This year’s import turnover is estimated […]

Vegetables And Fruits Exported More Than 6.6 Billion USD In 11 Months

Growth momentum is good, fruit and vegetable exports can reach 6.6 billion USD in 11 months, up 27% over the same period last year. This figure is calculated by the Vietnam Fruit and Vegetable Association based on data from customs. China is still the market that buys the most Vietnamese fruits and vegetables, nearly 4.1 […]

Construction Steel Consumption Is At Its Highest Level In Nearly 3 Years

The total amount of construction steel sold in October reached more than 1.25 million tons, up nearly 44% over the same period last year and reaching the highest level in nearly 3 years. Data from the Vietnam Steel Association (VSA) shows that finished steel products consumed nearly 2.74 million tons last month, 9.4% higher than […]

Vietnam Economic News – Oct 2024 – MPL Newsletter

_Eng_MPL Newsletter 102024

Southern Vietnam province okays 2 FDI projects totaling $57 mln

Tay Ninh province on Friday granted investment registration certificates to two foreign projects worth a total of $57 million. China-based Quanzhou Jiatai Shoes Co., Ltd. will invest $17 million in a 48.8-hectare factory to manufacture footwear products. It is set to begin operation in June 2025. Singapore-incorporated Wellname Pte. Ltd. will invest $40 million in […]

Shrimp exports surge 13% in 10 months

Vietnam’s shrimp exports soared by 13% year-on-year to US$3.2 billion in the first 10 months of 2024. They reached $394 million in October alone, a 24% increase from a year earlier, according to the Vietnam Association of Seafood Exporters and Producers. Shipments to major markets saw double-digit growth in the first 10 months, signaling a […]

Fruit, vegetable exports soar 27%

Exports of fruits and vegetables were worth an estimated US$6.6 billion in the first 11 months of 2024, a 27% increase from a year earlier. The Vietnam Fruit and Vegetable Association came up with the estimate based on customs data, which shows exports to major markets growing at double-digit rates. In the first 10 months, […]

Industrial production index jumps 8.3% in 10M

The manufacturing and processing sector taking the lead in terms of growth. Vietnam’s Index of Industrial Production (IIP) in the first 10 months of 2024 increased by 8.3% year-on-year, the General Statistics Office (GSO) announced on November 6. The manufacturing and processing sector rose 9.6% year-on-year, electricity production and distribution surged 10.3% and water supply […]

Over 136,000 new enterprises established in 10M

Total registered capital estimated at over VND1.3 quadrillion ($51 billion). Around 136,100 new enterprises were established in Vietnam in the first 10 months of 2024 with total registered capital of over VND1.3 quadrillion ($51 billion), figures from the General Statistics Office (GSO) show. The figures represent a year-on-year growth of 1.9% in the number of […]

Cảng biển Việt Nam có 22 tuyến dịch vụ tàu mẹ đi thẳng Hoa Kỳ, châu Âu

(Chinhphu.vn) – Với 22 tuyến dịch vụ tàu mẹ từ Cái Mép – Thị Vải đi Hoa Kỳ và châu Âu, Việt Nam đứng thứ hai khu vực Đông Nam Á về số tuyến tàu mẹ (chỉ sau Singapore). Theo Cảng vụ Hàng hải Vũng Tàu, tính tới đầu tháng 10/2024, trong số 50 tuyến […]