Vietnam exported 1.12 million tons of rubber worth US$1.76 billion in the first eight months of 2024, customs data show. This marked a 7.2% year-on-year decline in volume but a 8.4% growth in value from the same period last year, according to the General Department of Customs. Vietnam shipped out 209,726 tons of rubber worth […]

The U.S.-based Polaris, an automaker in the Fortune 500 list, launched its second factory in Vietnam’s northern province of Vinh Phuc on Wednesday. Polaris, known for its brand Indian Motorcycle, conducted a groundbreaking ceremony for the $36-million, 12-hectare facility in Ba Thien II Industrial Park, in May 2023. This is Polaris’s 20th plant in the […]

Vietnam’s durian exports to several markets like Thailand, Hong Kong and South Korea rose by double digits year-on-year in the first seven months. China remained the biggest buyer as exports rose by nearly 53% to US$1.47 billion, accounting for 92% of all shipments. Thailand was second with $65 million, up 51%, followed by Hong Kong, […]

South Korea’s CS Wind, a major wind power equipment maker, will invest $200 million in a factory in Vietnam’s Mekong Delta province of Long An, making it among the biggest investments in the sector globally. CS Wind and Long An-based Dong Tam Group, a major construction material firm, signed a memorandum of understanding for the […]

Registered foreign direct investment (FDI) in Vietnam hit $20.52 billion in the first eight months of the year, up 7% year-on-year, according to the Ministry of Planning and Investment. Of this, $12 billion was pledged for 2,247 newly-registered projects, up 27% and 8.5% year-on-year, respectively. Additional capital for 926 existing projects hit $5.7 billion, up […]

Future Enterprises Pte. Ltd, a subsidiary of Singapore-based Food Empire Holdings Group, has been licensed to build a freeze-dried instant coffee plant with an annual capacity of 5,400 tons in the central province of Binh Dinh. Covering 7.1 hectares in the Becamex Binh Dinh Industrial Park in the Nhon Hoi Economic Zone, Van Canh district, […]

CJ Vina Agri, a Vietnam-based animal feed producer under South Korean conglomerate CJ, will raise its investment in the northern province of Ha Nam to $31.4 million. This is the eighth adjustment that the 7.5 hectare project at the Dong Van II Industrial Park has received since the first in July 2016. The project’s $24.4 […]

Ba Ria-Vung Tau attracted $1.76 billion in registered foreign direct investment (FDI) in Jan-Jul this year, 2.4 times the same period last year, meeting 87.8% of the southern Vietnam province’s year target. The amount is higher than the $1.54 billion in the year to July 20 that the Ministry of Planning and Investment had announced […]

Delta Galil Industries, an Israeli textile firm, will raise its investment in Vietnam’s central province of Binh Dinh from $64.6 million to $100 million. The firm made the commitment during a Friday visit conducted by Minister of Industry and Trade Nguyen Hong Dien to the factory. The facility, located in the Cat Trinh Industrial Zone, […]

Vietnam’s exports to the U.S. surged 24.4% year-on-year to $66.09 billion in the first seven months, the highest growth rate among its export markets. In the seven-month period, American buyers spent a monthly average of close to $9.6 billion on purchasing goods from Vietnamese suppliers. With the U.S. accelerating goods purchases for the year-end festive […]

The six leading economies in Southeast Asia, including Vietnam, the Philippines, Indonesia, Malaysia, Thailand, and Singapore, are projected to grow at an average annual rate of 5.1% over the next decade. This projection was released in a report on August 1 by the Development Bank of Singapore (DBS), consulting firm Bain & Company, and the […]

Vietnam’s pepper export earnings surged by 40.8% year-on-year to 764.2 million USD in the first seven months of this year, despite a slight decline of 2.2% in export volume, according to the Vietnam Pepper and Spice Association (VPSA). Vietnam’s pepper export earnings surged by 40.8% year-on-year to 764.2 million USD in the first seven months […]