CONSTRUCTION MATERIALS INDUSTRY'S REVENUE TO REACH $47 BILLION
During a recent seminar on the development of Việt Nam’s modern and sustainable construction materials sector on November 9, Lê Trung Thành, head of the Department of Building Materials at the Ministry of Construction, revealed that the industry generated around US$47 billion annually, contributing 11 per cent to the national GDP.
LONG AN INTERNATIONAL PORT READY FOR INTERNATIONAL CONTAINERS IN 2025
Long An International Port is working with a number of global shipping companies to implement plans to transport goods internationally starting from 2025. According to Ngo Thi Thanh Vy, deputy general director of Long An International Port Management and Operations JSC, currently, Long An International Port is exploiting domestic containers from the north, central and south and vice versa.
BIG PLAYERS KEEN ON PORT DEVELOPMENT
Swiss-headquartered Mediterranean Shipping Company (MSC) is eyeing investments in Vietnamese ports. MSC Group president Diego Aponte expressed this intention during a meeting in Switzerland with Vietnam’s Commission for the Management of State Capital at Enterprises in early October.
VIET NAM-U.S. TRADE EXCEEDS US$100 BLN MARK OVER NINE-MONTH PERIOD
As of September, there were 13 key Vietnamese commodities with export value over US$1 billion each. Computers, electronics and spare parts took the lead with US$17.32 billion; followed by machines, equipment and tools with US$15.5 billion; and garment with US$12 billion.
FOREIGN INVESTORS KEEN ON LNG INFRASTRUCTURE IN VIET NAM
Many foreign investors, particularly from the US, have expressed interest in investment opportunities in Việt Nam’s liquefied natural gas (LNG) infrastructure market to meet the country's energy needs.
EXPORTS AND FDI VIETNAM’S GROWTH DRIVERS IN Q4
Vietnam’s economy in the first eight months of 2024 showed positive results, with a strong growth rate highly regarded by international organizations. Many international institutions are optimistic about Vietnam's economic growth. The World Bank predicts a 6.1% increase in 2024, and 6.5% in 2025 and 2026; UOB forecasts growth above 6%, and HSBC 6.5%.
PM URGES FASTER DEVELOPMENT OF KEY INFRASTRUCTURE PROJECTS
Chinh chaired the 14th meeting of the State steering committee for key national infrastructure projects in Hanoi this afternoon, September 17, emphasizing that the implementation of these projects is an important political task.
LOGISTICS GROUPS BRANCH OUT FOR GAINS
Deputy director Tran Hong Kien said, “In the next five years, our revenue and profit are expected to grow continuously on an annual basis at an average rate of about 11 and 23 per cent, respectively. Return on equity is expected to reach about 14 per cent a year on average. This is a good performance compared to other companies in the same industry.”
