Business

Vietnamese companies must understand trends in the EU consumer market, which is undergoing a significant shift towards green and clean goods, the European Chamber of Commerce in Vietnam said.

The US Agency for International Development and Vietnam’s Ministry of Planning and Investment on Tuesday announced a new initiative to spur private sector-driven sustainable and inclusive growth across Vietnam.

The Ministry of Finance is taking steps to stabilise domestic gasoline prices and supply while removing difficulties for petroleum traders.

The US represents the country’s largest export market, with a total of 11 items reaching over US$1 billion, according to figures given by the General Department of Vietnam Customs.

Many flights to popular tourist destinations have been fully booked for the coming Lunar New Year Tet holiday.

Vietnam’s fruit and vegetable export value to China in October reached USD152 million, up 44 percent on-year.

The coffee industry faces pressure from global uncertainties and rising inflation in major markets after achieving a record export value in the 2021-22 crop year.

The urban economy is expected to contribute some 75% of the national GDP by 2025 and about 85% by 2030 under an action programme of the Government.

The Thailand-Vietnam-Laos Business Forum 2022 will take place in Udon Thani city of Thailand from November 27 to 29 to enhance trade exchanges and connectivity among businesses from the three countries.

Four out of every 10 Vietnamese businesses have gained some benefits, including in import-export, from the Vietnam-EU Free Trade Agreement, according to a survey of the Vietnam Chamber of Commerce and Industry.

With ten-month positive results, Vietnam’s major currency earners like aquatic products, rice, coffee, footwear and handbags are very likely to exceed their export revenue targets set early this year.

The Government has planned to invest a total capital of 1.25 trillion VND (54.3 million USD) to three large projects in the Central Highlands region, focusing on agricultural production, wood processing and real estate.

Vietnam bird’s nests will be officially exported to China after the protocol on allowing the exportation of this product was signed by both countries.

Permanent Representative of Vietnam to the UN, Ambassador Dang Hoang Giang has joined two leaders of VietChallenge to ring the opening bell at the Nasdaq MarketSite in New York.

Vietnamese enterprises are making relatively good use of the EU-Vietnam Free Trade Agreement, a recent survey revealed.

The Australian Government is providing US$50 million (A$80 million) to VinFast to support electric vehicle (EV) uptake in Vietnam and support Vietnam’s energy transition.

Strong purchasing power and demand have created a fast and strong locomotive for economic growth, and Vietnam is forecast to record a GDP growth rate of over 8% this year, said Executive Chairman of Dragon Capital Dominic Scriven.

The Vietnamese stock market has just closed the first half of a rough November with a forgettable session. Selling force weighed on most of the industry groups, with the whole market recording nearly 400 stocks hitting floor prices.