Việt Nam News

Việt Nam's B2C retail e-commerce revenue this year is estimated at US$16.4 billion, marking the first year to reach this landmark, reported in the Việt Nam E-Commerce White Book 2022.

In 2021, Việt Nam’s exports of computers, electronic products and components to the UK also saw an encouraging increase of 5.6 per cent year-on-year. This group of goods was also among the list of key industrial products of Việt Nam exported to the UK. That also included phones and components; machinery, equipment and spare parts, steel and iron. 

Amid a new wave of investors arriving in Việt Nam to explore its opportunities for foreign businesses, HCM City has strong potential to attract investment and drive innovation and sustainable growth, experts said.

The market finished higher on Thursday as some bargain-hunting efforts lifted sentiment. 

Việt Nam’s local currency bond market grew 8.1 per cent from the previous quarter to US$99.5 billion. The faster expansion was driven by both the government and corporate bond segments.

The US Department of Commerce (DOC) has once again announced the extension of the deadline for issuing its final conclusion on an anti-dumping and anti-subsidy tax evasion investigation into hardwood plywood imported from Việt Nam, according to the Ministry of Industry and Trade (MoIT).

The Ministry of Finance (MoF) has proposed a reduction of most favoured nation (MFN) tariff on a number of petrol products widely used in industrial production from 20 per cent to 10 per cent in an attempt to bring down the economy's input cost.

According to experts, as input costs for raw materials, labour and gasoline price rises, incomes have stagnated or even decreased.

With India’s recent rice export restrictions, Vietnamese exporters expect to increase shipments and hike prices, industry insiders said.

Realty stock prices need to lose another 10 - 20 per cent to create more opportunities for bargain-hunting activities.

The UK-Việt Nam Free Trade Agreement (UKVFTA) is expected to help Việt Nam accelerate institutional reforms, improve the investment and trade environment towards modernity and transparency, as well as create convenience for businesses.

The Cần Thơ City Department of Industry and Trade has tied up with The Việt Nam Post and Telecommunication Group to trial non-cash payment at An Thới Market.

Chairman of Hà Nội People’s Committee Trần Sỹ Thanh has pledged to create all possible conditions for foreign firms, including those from the Republic of Korea, to invest in the city.

Industrial parks and clusters in the Cửu Long (Mekong) Delta province of Tiền Giang attracted more than VNĐ834 billion (US$35.4 million) in the first eight months of this year, according to the province People’s Committee.

With a large workforce, lower labour costs and sizeable market, Việt Nam is one of the popular destinations for Singapore’s start-ups, according to The Straits Times newspaper.

The Cửu Long (Mekong) Delta province of Sóc Trăng is working hard to boost its ‘one commune-one product’ programme by strengthening links between co-operatives to create more jobs for locals and increase incomes.

The latest technologies, equipment and products in the printing and packaging industry will be on display at the 20th Việt Nam International Printing and Packaging Industry Exhibition (Vietnam Print Pack 2022) to be held in HCM City from September 21 to 24.

The 17th International Exhibition on Products, Equipment, and Supplies for Medical, Pharmaceutical, Hospital and Rehabilitation, Pharmedi Vietnam 2022, opened in HCM City on September 14 with more than 350 exhibitors having 400 booths.