Vietnam rice exports plummet on lower global demand (08/02/2023)
Rice exports fell 17.4% year-on-year in January to US$203 million as global demand shrank.
Rice exports fell 17.4% year-on-year in January to US$203 million as global demand shrank.
Vietnam’s textile industry faces headwinds in 2023 after poor results in Q4 (08/02/2023)
After being heavily impacted by the COVID-19 pandemic, textile and garment enterprises have gradually recovered and were one of the key export industries that recorded extraordinary growth rates in the first months of 2022.
After being heavily impacted by the COVID-19 pandemic, textile and garment enterprises have gradually recovered and were one of the key export industries that recorded extraordinary growth rates in the first months of 2022.
Digital lending contributes to boosting Vietnam’s SMEs (08/02/2023)
Singapore’s fintechnews.sg has published an article entitled “Vietnam’s SMEs Get a Boost from Digital Lending” affirming that a strong import-export boom and positive digital trends are lending a helping hand to Vietnam’s small and medium-sized enterprises (SMEs) to sustain growth.
Singapore’s fintechnews.sg has published an article entitled “Vietnam’s SMEs Get a Boost from Digital Lending” affirming that a strong import-export boom and positive digital trends are lending a helping hand to Vietnam’s small and medium-sized enterprises (SMEs) to sustain growth.
Hoa Phat receives many orders to export steel in January (07/02/2023)
In the early days of this year, Hoa Phat Group secured many orders to export its steel products to the US, Canada, Mexico, Puerto Rico, Australia, Malaysia, Hong Kong (China), and Cambodia.
In the early days of this year, Hoa Phat Group secured many orders to export its steel products to the US, Canada, Mexico, Puerto Rico, Australia, Malaysia, Hong Kong (China), and Cambodia.
Positive signs ahead for Vietnamese pangasius exports to US, China (07/02/2023)
Despite a significant fall in exports in 2022, there are bright prospects ahead for pangasius exports this year thanks high demand from China and the United States – the two major markets for Vietnam, according to insiders.
Despite a significant fall in exports in 2022, there are bright prospects ahead for pangasius exports this year thanks high demand from China and the United States – the two major markets for Vietnam, according to insiders.
Agro-forestry-fishery exports reach 3.7 bln USD in January (07/02/2023)
Vietnam’s export of agro-forestry-aquatic products reeled in over 3.7 billion USD in January, down 23% against the same period last year, according to the Ministry of Agricultural and Rural Development.
Vietnam’s export of agro-forestry-aquatic products reeled in over 3.7 billion USD in January, down 23% against the same period last year, according to the Ministry of Agricultural and Rural Development.
Vietnam leads Southeast Asia in wooden furniture exports to Australia (07/02/2023)
Wooden furniture exports from Southeast Asian markets to Australia grew sharply in the past year, with Vietnam leading the way on US$205.6 million, up 26.4 percent year-on-year.
Wooden furniture exports from Southeast Asian markets to Australia grew sharply in the past year, with Vietnam leading the way on US$205.6 million, up 26.4 percent year-on-year.
Property loans in Vietnam top $51bn in 2022 (07/02/2023)
As of the end of last year, the total outstanding loans for real estate projects in Vietnam hit over VND1,200 trillion (US$51.5 billion), according to the Ministry of Construction.
As of the end of last year, the total outstanding loans for real estate projects in Vietnam hit over VND1,200 trillion (US$51.5 billion), according to the Ministry of Construction.
Regulatory framework needed to boost Vietnam’s crypto scene (07/02/2023)
While cryptocurrency exchange providers must go through a stringent selection process to obtain a licence in Singapore, with the same upcoming in Hong Kong, exchanges like Binance or Remitano can freely operate in Vietnam without a financial service provider licence, and investors who make capital gains on crypto do not have to pay any taxes.
While cryptocurrency exchange providers must go through a stringent selection process to obtain a licence in Singapore, with the same upcoming in Hong Kong, exchanges like Binance or Remitano can freely operate in Vietnam without a financial service provider licence, and investors who make capital gains on crypto do not have to pay any taxes.
Construction steel price soars threefold in one month (07/02/2023)
Following the upward adjustment before the Lunar New Year, several steel firms have announced price hikes for construction steel.
Following the upward adjustment before the Lunar New Year, several steel firms have announced price hikes for construction steel.
Spike in value of real estate inventory for Q4/2022 (07/02/2023)
The latest report from the Ministry of Construction (MoC) shows that by the end of Q4 2022, the total value of inventory held by the major property developers showed a 20 per cent jump on-year.
The latest report from the Ministry of Construction (MoC) shows that by the end of Q4 2022, the total value of inventory held by the major property developers showed a 20 per cent jump on-year.
Vietnam’s food and beverage industry to do well this year despite modest economy (06/02/2023)
The food and beverage market is forecast to grow by over 18 per cent this year to VND720 trillion (US$31 billion).
The food and beverage market is forecast to grow by over 18 per cent this year to VND720 trillion (US$31 billion).
FDI to Vietnam’s real estate rises by over 70% in 2022 (06/02/2023)
Vietnam’s real estate market continues to show strong appeal to foreign investors despite global economic difficulties.
Vietnam’s real estate market continues to show strong appeal to foreign investors despite global economic difficulties.
Vietnam attracts US$1.69 billion in foreign investment in January (06/02/2023)
Vietnam lured US$1.69 billion worth of foreign investment in the first month of 2023, down 19.8 percent year-on-year, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
Vietnam lured US$1.69 billion worth of foreign investment in the first month of 2023, down 19.8 percent year-on-year, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
World’s leading hotel groups to double down on investment in Vietnam (06/02/2023)
Accor Vietnam and IHG Hotels & Resorts – the world’s leading hotel businesses operating in Vietnam announced that they intend to double the number of international-standard hotels in the Southeast Asian nation in the next five years.
Accor Vietnam and IHG Hotels & Resorts – the world’s leading hotel businesses operating in Vietnam announced that they intend to double the number of international-standard hotels in the Southeast Asian nation in the next five years.
Vietnam remains third largest seafood supplier to RoK (06/02/2023)
The nation remained the third largest seafood supplier to the Republic of Korea (RoK) last year with the country’s seafood market share as part of the RoK’s total imports reaching 10.2%, according to statistics released by the Korea Customs Service.
The nation remained the third largest seafood supplier to the Republic of Korea (RoK) last year with the country’s seafood market share as part of the RoK’s total imports reaching 10.2%, according to statistics released by the Korea Customs Service.
Vietnam’s exports to Europe, America: 15 items join US$1 bln export club (06/02/2023)
Vietnam had 15 items earning more than US$1 billion each from exporting to Europe and America in 2022, reported the European-American Market Department, under the Ministry of Industry and Trade.
Vietnam had 15 items earning more than US$1 billion each from exporting to Europe and America in 2022, reported the European-American Market Department, under the Ministry of Industry and Trade.
Durian prices surge as demand from China jumps (06/02/2023)
Durian prices have tripled to VND150,000-VND190,000 ($6.40-$8.10) per kilogram at southern farms as demand from China has risen.
Durian prices have tripled to VND150,000-VND190,000 ($6.40-$8.10) per kilogram at southern farms as demand from China has risen.
In search of internal strength (06/02/2023)
Vietnam’s economy still relies heavily on the agro-forestry-fishery sector, as the trade surplus of this group accounted for over 75% of the national figure in 2022.
Vietnam’s economy still relies heavily on the agro-forestry-fishery sector, as the trade surplus of this group accounted for over 75% of the national figure in 2022.
Over $27bln of public investment capital allocated in January (03/02/2023)
Sum equivalent to 90.32% of target set by Prime Minister.
Sum equivalent to 90.32% of target set by Prime Minister.
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