Vietnam’s forestry exports reached a total of $2.68 billion in the initial two months of 2024, marking a notable 47.4% increase compared to the previous year, as reported by the Department of Forestry under the Ministry of Agriculture and Rural…
Despite seeing increased trade as a result of a bilateral free trade agreement, the European Union is urging Vietnam to address obstacles hindering the bloc’s trade and investment in the country. Julien Guerrier, the head of the European delegation to…
While the early months of the year typically bring a lull in mergers and acquisitions, 2024 has witnessed the announcement of several noteworthy deals. Just last week, JB Securities Vietnam, a subsidiary of South Korea’s JB Financial Group, finalized an…
Vietnam’s average house price now stands at 23.75 times the annual household income, a slight uptick from last year’s 23.5, as reported by Serbia-based statistics site Numbeo. The Ministry of Construction notes that many countries use the house-price-to-income ratio to…
Situated within the Thai Binh Economic Zone, the liquefied natural gas (LNG) project boasts a designed capacity of 1500MW. Spearheaded by a consortium comprising Tokyo Gas, Kyuden, and Truong Thanh Vietnam Group, the project secures nearly $2 billion in investment.…
SK Group, a South Korean conglomerate, aims to initiate a clean energy venture in Vietnam by utilizing natural gas to generate green hydrogen. Following their attendance at the ASEAN Australia Special Summit 2024, SK leaders engaged in discussions with Prime…
Forecasts suggest that coffee prices in Vietnam will soon hit VND100,000 (US$4.04) per kilogram due to a global supply shortage. Coffee prices in the Southeast Asian nation surged to VND90,000 ($3.6) per kilogram on Thursday, up from VND43,000 ($1.74) per…
Hoa Phat Group, a leading steel manufacturer in Vietnam, has reported a significant 32% increase in the sales volume of steel products during the first two months of the current year. Throughout January and February, the company managed to sell…
The Singaporean government is actively supporting the initiative to export 1.2GW of offshore wind power from Vietnam to Singapore. This commitment was expressed by the Singaporean government delegation during their visit to PetroVietnam Technical Services Corporation’s (PTSC) facilities in the…
In the first two months of 2024, Hanoi has drawn in a total of $914.4 million in foreign investment. This comprises 27 freshly licensed projects with an investment of $869.8 million, 17 projects that received additional funding worth $9.1 million,…