The country’s exports amounted to US$342.2 billion while its import spending totaled US$331.6 billion between January and November, generating a trade surplus of US$10.6 billion, according to the General Statistics Office of Vietnam. The total value of imports and exports in the year to November, at US$ 673.8 billion, soared 11.8% year-on-year. During the period, […]
Read MoreVietnam-China relations in the past were based mostly on trade and construction bids. What will be important for the new period? Three decades ago was the time for China to grow and rise. They focused on economic development and luring investment and going abroad, opening their market, promoting cooperation, and expanding its influence. During that […]
Read MoreiPhone accounted for 20.5 percent of market share in Vietnam in October 2022, according to GfK. The figure was only less than 1 percent higher than Oppo, but this was enough for iPhone to jump to the second position in the domestic smartphone market. The new-generation phones play an important role in the jump. iPhone […]
Read MoreThe country welcomed 2.95 million foreign visitors during the initial 11 months of the year, a figure 21.1 times higher compared to the same period from last year, but still down 81.9% compared with pre-pandemic levels in 2019. According to figures given by the General Statistics Office (GSO), November alone witnessed the country welcome 596,900 […]
Read MoreMany Vietnamese businesses have boosted foreign fundraising to cope with their capital shortage amid the country’s tightened monetary policy. In the context of tightened and expensive domestic capital sources, mobilising capital from abroad is an opportunity for local reputable enterprises and banks, and many of them have recently announced huge loan agreements with foreign financial […]
Read MoreThe global chip race is heating up, and Viet Nam should be able to raise its position on the global semiconductor manufacturing map as some leading corporations are investing in chip production in the country, local economists said. Prof. Nguyen Mai, President of the Vietnam Association of Foreign Invested Enterprises (VAFIE), said the adverse impact […]
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