DFC mulls $500 million loan to VinFast for lithium-ion battery facility (06/12/2023)
On December 3, the United States International Development Financial Corporation (DFC) and VinFast Auto (Nasdaq: VFS) signed a letter of Interest (LOI) to consider a formal application by VinFast for a $500 million loan to establish a lithium-ion battery manufacturing facility in Vietnam.
On December 3, the United States International Development Financial Corporation (DFC) and VinFast Auto (Nasdaq: VFS) signed a letter of Interest (LOI) to consider a formal application by VinFast for a $500 million loan to establish a lithium-ion battery manufacturing facility in Vietnam.
Vietnam becomes China’s second largest banana exporter (06/12/2023)
Vietnam has become the second largest exporter of banana to China, behind only the Philippines, accounting for 28.2% of the total amount of bananas imported by the market, the Import-Export Department under the Ministry of Industry and Trade has announced.
Vietnam has become the second largest exporter of banana to China, behind only the Philippines, accounting for 28.2% of the total amount of bananas imported by the market, the Import-Export Department under the Ministry of Industry and Trade has announced.
Vietnam’s rice exports hit record high since 1989 (06/12/2023)
Vietnam’s rice exports this year to the end of November hit a record high since 1989 with an export volume of nearly 7.8 million tonnes and turnover of 4.4 billion USD.
Vietnam’s rice exports this year to the end of November hit a record high since 1989 with an export volume of nearly 7.8 million tonnes and turnover of 4.4 billion USD.
Eurasia a promising market for Vietnamese exporters: Experts (06/12/2023)
The Eurasia region, comprising 28 countries stretching from Eastern Europe to Central Asia with a population of more than 400 million and a total GDP of nearly 4.5 trillion USD, is considered a potential export market of Vietnam, according to experts.
The Eurasia region, comprising 28 countries stretching from Eastern Europe to Central Asia with a population of more than 400 million and a total GDP of nearly 4.5 trillion USD, is considered a potential export market of Vietnam, according to experts.
Economists advise to make better use of commitments in FTAs to boost exports (06/12/2023)
According to the Ministry of Planning and Investment, in the first 11 months of 2023, the trade surplus was US$25.83 billion whereas it had been only US$10.3 billion in the same period last year. Export turnover of goods was $322.5 billion, while import turnover was $296.67 billion.
According to the Ministry of Planning and Investment, in the first 11 months of 2023, the trade surplus was US$25.83 billion whereas it had been only US$10.3 billion in the same period last year. Export turnover of goods was $322.5 billion, while import turnover was $296.67 billion.
The Netherlands is Vietnam’s export market in the EU (05/12/2023)
According to the latest statistics from the General Department of Vietnam Customs, the export turnover to the Netherlands reached US$925 million in October.
According to the latest statistics from the General Department of Vietnam Customs, the export turnover to the Netherlands reached US$925 million in October.
Eleven-month cashew exports gross US$3.31 billion (05/12/2023)
Vietnamese cashew exports during the 11-month period raked in US$3.31 billion, representing a rise of 23.1% in volume and 17.4% in value compared to the same period from last year, according to data given by the Ministry of Industry and Trade.
Vietnamese cashew exports during the 11-month period raked in US$3.31 billion, representing a rise of 23.1% in volume and 17.4% in value compared to the same period from last year, according to data given by the Ministry of Industry and Trade.
High tech brings Vietnam’s farm produce to the world (05/12/2023)
Seeking new markets, applying high tech, developing a cooperative economy, and building value chains will all improve the competitiveness of Vietnam’s farm produce in the world market, experts have said.
Seeking new markets, applying high tech, developing a cooperative economy, and building value chains will all improve the competitiveness of Vietnam’s farm produce in the world market, experts have said.
Vietnam emerges as a strategic location for tech giants (05/12/2023)
Building high-quality data centers is currently one of the key focuses of Vietnam’s digital transformation, in line with its strategy to develop a digital economy and a digital nation.
Building high-quality data centers is currently one of the key focuses of Vietnam’s digital transformation, in line with its strategy to develop a digital economy and a digital nation.
Japan visit reinforces strategic ties (05/12/2023)
A new cooperation framework is set to deepen the relationship between Vietnam and Japan, with the latter facilitating its trade, investment, and official development flows into the former.
A new cooperation framework is set to deepen the relationship between Vietnam and Japan, with the latter facilitating its trade, investment, and official development flows into the former.
Strong return of liquidity lifts market’s sentiment (05/12/2023)
The stock market finished higher on Monday, extending rallies for the second day in a row. The uptrend was buoyed by a strong cash inflow.
The stock market finished higher on Monday, extending rallies for the second day in a row. The uptrend was buoyed by a strong cash inflow.
Global minimum tax: opportunities and challenges (03/12/2023)
Vietnam, which has been integrating deeply into the world economy, has no other choice than to apply the global minimum tax.
Vietnam, which has been integrating deeply into the world economy, has no other choice than to apply the global minimum tax.
Legal hurdles hamper foreign investment in property (03/12/2023)
Legal difficulties and limited access to high-quality property are the main challenges faced by foreign buyers in Vietnam, analysts say.
Legal difficulties and limited access to high-quality property are the main challenges faced by foreign buyers in Vietnam, analysts say.
Game industry needs extra time to further develop (03/12/2023)
The game industry in Vietnam is considered lucrative, but it is facing a number of difficulties that need to be addressed at the soonest in order to level up to its full potential.
The game industry in Vietnam is considered lucrative, but it is facing a number of difficulties that need to be addressed at the soonest in order to level up to its full potential.
Vietnamese businesses invest US$395 million overseas (03/12/2023)
Vietnam’s total investment capital abroad, including newly registered and adjusted capital, reached US$395 million over the past 11 months of the year, representing a fall of 16.7% year on year.
Vietnam’s total investment capital abroad, including newly registered and adjusted capital, reached US$395 million over the past 11 months of the year, representing a fall of 16.7% year on year.
Ministry ready to support partnerships between Vietnamese, Belgian firms (03/12/2023)
The Ministry of Industry and Trade (MoIT) and relevant ministries and sectors of Vietnam are ready to work with the Belgian side to effectively support cooperation activities between the two countries’ enterprises, Minister Nguyen Hong Dien told a bilateral business forum in Brussels on December 1.
The Ministry of Industry and Trade (MoIT) and relevant ministries and sectors of Vietnam are ready to work with the Belgian side to effectively support cooperation activities between the two countries’ enterprises, Minister Nguyen Hong Dien told a bilateral business forum in Brussels on December 1.
EU sees Vietnam as vivid demonstration of EVFTA success (03/12/2023)
Executive Vice President of the European Commission (EC) and EU Commissioner for Trade Valdis Dombrovskis said Vietnam’s rise to become the bloc’s leading trade partner in ASEAN is a vivid demonstration of the success of the EU-Vietnam Free Trade Agreement (EVFTA).
Executive Vice President of the European Commission (EC) and EU Commissioner for Trade Valdis Dombrovskis said Vietnam’s rise to become the bloc’s leading trade partner in ASEAN is a vivid demonstration of the success of the EU-Vietnam Free Trade Agreement (EVFTA).
11-month import-export turnover exceeds US$600 billion mark (03/12/2023)
Vietnam’s total import-export turnover surpassed the US$600 billion mark in the Jan.-Nov. period, reaching US$619.17 billion, with a trade surplus of US$25.83 billion.
Vietnam’s total import-export turnover surpassed the US$600 billion mark in the Jan.-Nov. period, reaching US$619.17 billion, with a trade surplus of US$25.83 billion.
High transport costs hinder bilateral trade: Vietnamese businesses in UAE tell PM (03/12/2023)
Overseas Vietnamese businesspeople in the United Arab Emirates want the Vietnam government to roll out incentive policies to reduce transport costs between the two countries.
Overseas Vietnamese businesspeople in the United Arab Emirates want the Vietnam government to roll out incentive policies to reduce transport costs between the two countries.
Vietnam to apply global minimum tax from January 1 (01/12/2023)
With 462 deputies, or 93.52 per cent, voting in favor, the 15th National Assembly (NA)’s 6th session approved a resolution on November 29 on topped-up corporate income taxes under the Global Anti-Base Erosion (GloBE) rules.
With 462 deputies, or 93.52 per cent, voting in favor, the 15th National Assembly (NA)’s 6th session approved a resolution on November 29 on topped-up corporate income taxes under the Global Anti-Base Erosion (GloBE) rules.
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