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Vietnam: Online commerce is on the rise

Under the impact of the Covid-19 pandemic, commercial transactions in the last year have had to adapt to an online form. As the oldest and most prestigious trade promotion event in Vietnam over the past 30 years, for the first time, the Vietnam Expo 2020 could not be held as usual last year. In 2019, […]

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Vietnam in a rush to open new industrial zones

Due to its successful containment of Covid-19, Vietnam is having a great opportunity to attract foreign investment, with many localities across Vietnam building new industrial zones. The prime minister has approved a plan to build the Gia Binh II Industrial Zone covering 250 hectares in Bac Ninh Province. The project requires an investment of nearly VND4 […]

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Electronics turning Vietnam into leading production centre

Hanoi: Multinational electronic companies are making moves to increase investment and expand production, to help Ho Chin Minh (HCM) City become a leading production hub. Vo Van Hoan, vice-chairman of the HCM City people’s committee said the city was home to 50 foreign direct investment (FDI) projects with an investment capital of more than US$5bil […]

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Unpacking Vietnam’s 2021-25 five-year plan: Fitch Solutions

The Hanoitimes – Key goals include continued strong economic growth, driven by manufacturing, and supported by a further integration into global supply chains through the pursuit of trade pacts and export market diversification. With Vietnam’s 2021-25 five-year plan indicating a continuation of the current economic development model, the country is set to maintain an average growth […]

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Cambodia’s exports to Vietnam increase

Cambodia’s exports to Vietnam rose in 2020 despite both nations imposing strict cross-border movement control  to fight the pandemic. Data from the Ministry of Commerce showed Cambodia’s exports to Vietnam rising by 14.8 percent in 2020 to $385 million. Cambodian imports from Vietnam decreased by 3.1 percent to $2,633 million. Bilateral trade between the countries […]

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Vietnam car sales rises 21% in two-month period

The Hanoitimes – The sale figure in February, however, was on the decline for two consecutive months with a contraction of 22% against the previous month to 13,585 units. The number of cars sold in Vietnam in the first two months rose by 21% year-on-year to more than 40,000 units, which has been a reflective of […]

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