Viet Nam’s foreign trade hits record high in 2024

Viet Nam’s foreign trade reached an all-time high of US$786.29 billion in 2024, up 15.4 percent against the previous year, reported the General Department of Customs.

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Vietnam to upgrade port infrastructure to accommodate larger cargo vessels

The Vietnam Maritime Administration (VMA), under the Ministry of Transport, is preparing a proposal to enhance the operational capacity of public maritime infrastructure and existing port facilities. This initiative aims to address the rising trend for large cargo vessels, which are increasingly calling at Vietnamese ports.

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Vietnam maintains position as RoK’s third largest trading partner

Vietnam continued solidifying its position as the Republic of Korea (RoK)’s third-largest trading partner in 2024, trailing only China and the US, marking the third consecutive year of the significant trade relationship.

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Reference exchange rate for the US dollar at 24,332 VND/USD on January 7, down 5 VND

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,332 VND/USD on January 7, down 5 VND from the previous day.

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2024 a year of resilience for Vietnam Bank for Social Policies

Leveraging leadership of central government, and active support from ministries, sectors, and local authorities, Vietnam Bank for Social Policies (VBSP) fulfilled its assigned tasks in 2024, affirming its key role in supporting socioeconomic development, sustainable poverty reduction, and rural development, despite a challenging environment.

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Resolving the “risk” for the steel industry - Part 3: The need for tariffs and national technical barriers

After Decision No. 3098/QD-BCT regarding the reduction of anti-dumping tax on some H section steel products originating from China (Jinxi) from 22.09% to 13.38%, the difficulties of the Vietnamese H section steel market have become even more alarming.

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Vietnam's Exports Bright Spot of 2024

In 2024, despite global uncertainties, Vietnam's exports remain a bright spot thanks to measures addressing challenges, supporting production, promoting trade and expanding markets. Recognized as one of the fastest-growing exporters from 2019-2023, Vietnam ranks 23rd among the world's top 30 exporting economies, according to the WTO. The Sputnik has also hailed Vietnam as the "economic star" of the Asia-Pacific region.

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Dynamic, Creative and Connected New Rural Areas

Over the years, the nationwide movement to develop new-style rural areas has transitioned from prioritizing quantity to emphasizing quality. Localities are now not only working to meet new rural area standards but are also focusing on enhancing the quality of achieved criteria, particularly in critical areas such as the environment, education and healthcare. This ensures the sustainability of past achievements while laying a strong foundation for building exemplary rural communities. Vietnam Business Forum interviewed Mr. Phuong Dinh Anh, Deputy Chief of the Central Coordination Office for New Rural Area Development, the Ministry of Agriculture and Rural Development (MARD), on this issue.

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Vietnam achieves record FDI disbursement in 2024

Vietnam’s foreign direct investment (FDI) disbursement reached an all-time high of approximately 25.35 billion USD last year, an annual increase of 9.4%, according to the Ministry of Planning and Investment’s Foreign Investment Agency (FIA).

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Expanding public transportation spaces

Metro Line 1 (Ben Thanh-Suoi Tien), nearly 20 km in length, connecting the central area to the eastern part of Ho Chi Minh City, has officially been put into operation. This line meets residents’ travel needs and contributes to easing traffic pressure. It also marks a significant milestone, kickstarting Ho Chi Minh City’s plan to invest in seven urban railway lines spanning 355 km, scheduled for completion until 2035.

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Nearly 76,180 enterprises resume operations in 2024

A total of 76,179 enterprises resumed operations in Vietnam in 2024, according to the Agency for Business Registration under the Ministry of Planning and Investment.

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Grasping the green transformation trend - A survival opportunity for Vietnamese Enterprises

Green transformation not only helps enterprises minimize the risk of being eliminated from important export markets, but also creates opportunities to build sustainable brands, enhance product value and reach high-end customer segments globally.

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High goals set for import-export

The Ministry of Industry and Trade has set a target of 12 per cent export growth in 2025 as Vietnam achieved impressive economic results in 2024, with imports and exports being the main driver of economic growth.

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Vietnam reinforces free trade deal advantages

Three years after the entry into force of a landmark regional free trade agreement, Vietnam is poised to deepen trade and investment ties, leveraging the deal’s favourable rules of origin to boost exports and attract foreign funding.

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Korean groups look towards increased efficiency

This year marked a qualitative leap in South Korean investments in Vietnam, despite economic headwinds. Choi Bundo, chairman of the Korean Chamber of Commerce in Vietnam, talked to VIR’s Bich Thuy about possible future trends for 2025.

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Vietnam GDP expands by 7.09% in 2024

The 2024 growth rate is considered positive amidst global uncertainties and domestic challenges such as natural disasters.

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Outlook for Sterling in 2025

Sterling was second only to the US dollar as the best performing G10 currency last year but, after the first trading day of 2025, it has turned out to be the worst. Of course, one day of trading does not reflect a trend.

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Hanoi to host heartwarming Tet celebration for the less fortunate

The Vietnam Ethnic Culture and Tourism Village in Hanoi’s outlying Son Tay township will host a special Lunar New Year (Tet) celebration for the less fortunate on January 19, its management board announced on January 6.

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