Vietnam has successfully attracted over US$4.29 billion in foreign direct investment during the initial two months of 2024, marking a notable increase of 38.6% compared to the same period last year, as reported by the Foreign Trade Agency. Within this…
Vietnam is projected to experience a 40% surge in active digital wallets, reaching 50 million by the end of this year, as reported by financial data provider FiinGroup. FiinGroup’s report indicates that the number of digital wallets stood at 36…
At Ho Chi Minh City sea ports, over 4,800 containers have remained unclaimed for more than 90 days, posing challenges for logistical operations. HCMC Customs disclosed that the contents of these containers encompass wood, scrap, and various other items. Prior…
Siemens’ President and CEO, Roland Busch, conveyed the company’s interest in Vietnam’s ambitious North-South high-speed railway project during a meeting with Prime Minister Pham Minh Chinh in Hanoi. Siemens proposed offering vehicles for the project and expressed willingness to transfer…
According to experts, some garment and footwear exporters are experiencing a resurgence in orders, albeit mostly of low value. Pham Xuan Hong, the chairman of the HCMC Textile and Garment – Embroidery Association, highlighted the sluggishness of the garment industry…
The United States is contemplating granting market economy status to Vietnam, a move that could alleviate trade barriers for Vietnamese goods entering the US market. Marc Knapper, the US Ambassador to Vietnam, mentioned two weeks ago that the US government…
According to Savills Vietnam, the majority of apartments sold in HCMC over the next two years will fall within the price range of VND5-10 billion (equivalent to US$200,000-400,000), while units priced between VND2-5 billion are expected to become increasingly scarce.…
Trade between Vietnam and China surged to over $16.4 billion in January, marking a remarkable year-on-year increase of more than 48%, as revealed by official data. Vietnam’s exports to China surpassed $4.55 billion, up by 17.28% compared to the previous…
Vietnam is targeting an annual production of 100,000-500,000 metric tons of hydrogen by 2030 as part of its energy transition endeavors, as outlined in the country’s recently adopted hydrogen development strategy. According to a government document scrutinized by Reuters, this…
Prime Minister Pham Minh Chinh has directed immigration authorities to explore the possibility of exempting visas for stays ranging from six to 12 months for visitors hailing from affluent nations, aiming to bolster tourism recovery. He stated in a directive…