Business News

The woodworking industry will strive to achieve the export target of US$18 billion for this year, the Handicraft and Wood Industry Association of HCM City has said.

The Government's focus on achieving a GDP growth rate between 6.5 per cent and 7.5 per cent in 2025 underscores the critical role of electricity in sustaining industrial and economic activities.

As European unicorn Bolt explores a potential entry into Vietnam’s ride-hailing sector, the market is undergoing significant shifts, with local players Be and Xanh SM steadily gaining ground against Grab.

In 2024, Vietnamese investors launched 164 new projects and made 26 capital adjustments abroad. Vietnam’s total oversea investment reached nearly 665 million USD, up 57.7% compared to 2023.

Vietnam is entering a period of strong transformation, led by the ongoing digital transformation revolution. The rapid booming of the Fourth Industrial Revolution has leveraged e-government, digital economy and digital society, and motivated comprehensive and sustainable development.

Recent adjustments to Việt Nam's economic growth forecasts from major financial institutions highlight growing confidence in the country's economic trajectory.

In 2024, Vietnam saw over 157,200 newly registered businesses and nearly 76,200 businesses resuming operation, bringing the total number of new and revived businesses to over 233,400, a 7.1% increase compared to 2023.

Việt Nam-China trade reached a new record of US$205.2 billion in 2024, marking a new milestone in two-way trade.