Vietnam achieved a trade surplus of $8.01 billion from January to May, with export revenue totaling $156.77 billion and imports reaching $148.76 billion, marking respective year-on-year increases of 15.2% and 18.2%. According to the General Statistics Office, of the total…
The People’s Committee of Can Tho, a city in Vietnam’s Mekong Delta, has approved non-project aid amounting to US$122,000 from a Dutch non-profit organization to enhance marine plastic waste collection using litter traps and to establish a trial recycling system.…
Foreign investors are increasingly investing in the Vietnamese resort and hotel realty market, drawn by the potential for a full market recovery, experts report. International investors have acquired Vietnamese properties through mergers and acquisitions (M&A) deals. These investors are targeting…
The 6th Denimsandjeans International Exhibition on denim, non-denim, knitwear, and sportswear supply chain will take place on June 26-27, 2024, in Ho Chi Minh City. This year’s exhibition brings together major denim manufacturers from Vietnam and over ten countries worldwide,…
Mitsubishi Electric Corporation has announced its acquisition of an 80 percent stake in Fuji Bakelite Vietnam Co., Ltd., located on the outskirts of Hanoi. The forthcoming joint venture will operate under the name Mitsubishi Electric FP Automation Vietnam Co., Ltd.,…
Mekong Enterprise Fund IV (MEF IV) has announced its agreement to invest $5 million in HUSK, a pioneering biochar and hashtag#biofertiliser company dedicated to regenerative agriculture practices in Southeast Asia. This investment highlights MEF IV’s commitment to achieving both financial…
Vietnam has emerged as the third fastest-growing destination in Asia for European travelers, trailing only Malaysia and Japan, based on accommodation searches on digital travel platform Agoda. In April, travel searches for Vietnam by European tourists surged by 66% compared…
Vietnam’s retail revenue has surged tenfold over the past decade, but its market share still falls short compared to neighboring countries, according to an industry expert. This insight was shared by Nguyen Anh Duc, chairman of the Vietnam Retailers Association,…
European enterprises are increasingly bolstering their manufacturing presence in Vietnam, emphasizing environmentally friendly production practices. This month, the Swedish packaging titan Tetra Pak revealed an additional investment of €97 million ($105.3 million) to enlarge its packaging material production in Binh…
By May 2024, Binh Duong, a province in the south of Vietnam, has successfully enticed close to 4,300 projects, accumulating a total investment capital of nearly $40.6 billion from 65 different countries and territories. This achievement positions Binh Duong as…