Vietnam exported 65.2 billion USD worth of products in January-February, a 9.9% increase compared to the same period last year. Meanwhile, imports totaled 62.9 billion USD, rising 16%, resulting in a trade surplus of 235 million USD.
In January, Vietnam’s export to the US reached 9.8 billion USD, while import stood at 1.3 billion USD, resulting in a trade surplus of 8.5 billion USD.
A programme has been launched in Ho Chi Minh City to support businesses in Vietnam in measuring and implementing comprehensive ESG (Environmental, Social and Governance) practices in human resources management to improve their competitive edge in the global supply chain.
Vietnam is witnessing a significant shift in the quality of foreign direct investment (FDI) projects pour into the country as an increasing number of high-tech and pioneering industrial companies move into the country to expand operations.
Vietnam always prioritises strengthening and consolidating relations with the World Bank (WB), affirmed Party General Secretary and State President To Lam during his reception for WB President Ajay Banga in New York on September 25 (local time).
Vietnam has seen a robust increase in the inflow of the foreign investment despite global geopolitical uncertainty, affirming foreign firms’ sentiments in the Southeast Asian market, according to insiders.
Amid the ongoing restructuring of the global supply chain, foreign investors continue to view Vietnam as a crucial investment destination in the medium and long term, according to the Ministry of Planning and Investment (MPI).
In foreign investors' eyes, Vietnam remains an important investment destination in the medium and long terms amidst the ongoing global supply chain restructuring, according to the Ministry of Planning and Investment (MPI).
The southern province of Binh Duong's modern industrial parks and business support policies have helped attract thousands of domestic and foreign enterprises.
After 30 years of developing bilateral relations, Vietnam has become a key trade partner of Slovenia in Asia, Deputy Prime Minister and Minister of Foreign and European Affairs of Slovenia Tanja Fajon has stated.
Vietnam always views Japan as an important and long-term strategic partner, and stands ready to develop the bilateral ties to a stronger and more comprehensive and practical fashion on the basis of its foreign policy of independence, self-reliance, multilateralism and diversification, a senior Vietnamese Party official has said.
The manufacturing sector recorded a return to growth right from the outset of 2024, with activities expanding in February fueled by increases in both volume and orders, experts from S&P Global рфму said.
Deputy Prime Minister Tran Luu Quang has proposed US consumer goods giant P&G consider expanding its partnership with Vietnam and facilitating the entry of Vietnamese firms into its global supply chain.
Thai media on December 11 posted an article highlighting Vietnam's role in a global supply chain that has been undergoing a significant transformation, marked by its increasing importance as a manufacturing hub and a source of high-demand exports.
As one of the fastest growing markets in Asia, Vietnam has captured the attention of supporting industry giants worldwide. Some have recently unveiled their strategies to venture into the Vietnamese market.
In the last months of 2023, a lot of supporting industry giants have announced their strategies to penetrate the Vietnamese market, given the fact that the country has become a strategic destination in the global supply chain.
Vietnamese businesses engaging in the global supply chain should secure compliance with sustainable development standards, including those on international labour, so as to access markets with whom Vietnam has signed free trade agreements (FTAs), according to Dang Duc Anh, Deputy Director of the Central Institute for Economic Management (CIEM).
The partnership between the US jet maker Boeing and the National Aerospace Industry Corporation Malaysia has been elevated to a new high as both sides co-organised the Boeing – Naico Aerospace Supply Chain Forum in Kuala Lumpur on October 10.
The issuance of policies by the Government and the National Assembly to attract foreign investment from hi-tech enterprises is an essential step to gradually elevate Vietnam's position in the global supply chain, said insiders.
