Vietnamese entrepreneurs have so far poured investments worth US$5.34 billion into 238 projects in Laos, according to a report by VietnamPlus. Laos is now the largest overseas investment market for Vietnamese enterprises. Of the total, companies from Ho Chi Minh invested in 44 projects in Laos with a total registered capital of US$496 million. Meanwhile […]
Read MoreDespite the current growth rate of overseas remittances to Vietnam being lower than last year, the total amount of remittances to the country is projected to rise by 4.4% this year before increasing by between 3.6% and 4.5% in 2023. The latest World Bank (WB) Migration and Development Brief and a report by the Global Knowledge […]
Read MoreThere is still a lot of untapped potential for Vietnamese businesses in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) three years after it went into effect. Ngo Chung Khanh, Deputy Director of the Multilateral Trade Policy Department under the Ministry of Industry and Trade (MoIT), said Vietnamese businesses have been increasingly interested in […]
Read MoreVinamilk Laos – Jagro plans to export fresh milk to Vietnam in May next year after the company recently built a modern milking barn in Phaxay district, Xieng Khuang province. Vinamilk Laos – Jagro is financed by Lao-Jagro Development Xieng Khuang Co., Ltd. (Lao-Jagro), in which Vietnam Dairy Products Joint Stock Company (Vinamilk) holds a […]
Read MoreWhile normally a positive time for car sales, this year the domestic automobile market is seeing gloomy days as Tet approaches, according to local car experts. The sluggish sales are attributed to a tightening credit market, higher interest rates and stagnant real estate and stock markets. Few people have money to buy cars so those […]
Read MorePhones and phone components have been the most valuable export items of Vietnam in recent years. There are still more opportunities for Vietnam to develop the electronics industry. The industry mostly makes phones, tablets, motherboards, screens, TVs, cameras, office equipment and optical products. Phone and phone components have had the largest export turnover since 2013. […]
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