Việt Nam News

Việt Nam’s business-to-consumer (B2C) e-commerce export value is estimated at VNĐ145.2 trillion (5.8 billion) by 2028, with micro, small and medium-sized enterprises (MSMEs) projected to contribute 25%.

Việt Nam’s gaming industry has taken a significant stride in 2024, with many important activities conducted by the Ministry of Information and Communications (MIC) in collaboration with game producers and distributors to guide the growth of the sector.

This year, the agriculture sector's production value is estimated to increase by over 3.2 per cent, while agricultural, forestry and fishery export value is expected to reach a historic high of $62.4 billion, up 18 per cent year on year.

Garments and textiles are a key export product of Việt Nam. The country has been increasingly active in producing rough materials, especially fibres from nature. An Phuoc – Viramie has been a pioneer in producing fibre from ramie for nearly ten years while Ecosoi started to produce fibre from pineapple leaves only a few years ago. With the development of such green fibre suppliers, Việt Nam’s garment and textile sector will thrive more sustainably.

The salt festival will also create a platform for exchanging experiences and knowledge in production, processing and trading salt products and OCOP (One Commune, One Product) products across provinces.

On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index edged up 1.22 points, or 0.1 per cent, to close at 1,263.79 points. Market breadth stayed negative, with 165 declining stocks outnumbering 132 gainers.

Việt Nam’s garment-textile export value is expected to reach US$44 billion in 2024, marking an 11.26 per cent increase from 2023, according to the Việt Nam Textile and Apparel Association (VITAS).

Việt Nam and India have witnessed thriving trade and economic cooperation over the recent past, with many highlights observed in 2024, according to Vietnamese Trade Counsellor in the South Asian country Bùi Trung Thướng.

Haohua's tyre factory, with an investment of US$500 million, has officially commenced its first phase of operations in Hớn Quản District, Bình Phước Province.

In early December, savings interest rates diverged, with some banks raising rates to attract capital, while others lowered them to cut costs, a trend experts predict will intensify.

According to SBV’s Governor Nguyễn Thị Hồng, credit growth has created strong momentum for the economy to recover and develop as it continues to face challenges.

Việt Nam remains a top destination in ASEAN for Japanese businesses despite post-pandemic economic challenges.

Việt Nam is the 13th largest tuna product supplier to the UK, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). 

With 2024 nearing its end, Việt Nam's GDP growth is set to surpass the 7 per cent target, driven by efforts from ministries and sectors, says Deputy Minister of Planning and Investment Trần Quốc Phương.

These funds have seen growth of over 100 per cent in the past two years.

Buiding on its impressive performance in 2024, Petrovietnam is setting a double-digit growth target of over 10 per cent for 2025.

The United Kingdom - Việt Nam Free Trade Agreement (UKVFTA), effective since 2021, reduces or eliminate tariffs on many product groups, helping strengthen bilateral trade, which in turn is making Việt Nam an increasingly attractive business partner for UK firms.

Temu, owned by Chinese e-commerce giant PDD Holdings, is considered one of the world’s fastest-growing e-commerce platforms, with sales estimated at $30 billion by the year-end. It started allowing shoppers from Việt Nam in October.