Business News

In Jan-February, there were nine export commodities recording turnover of at least 1 billion USD, accounting for 71.6 percent of the total export value.

Vietnam's national index of industrial production increased 5.4 percent year on year in the first two months of this year. The processing and manufacturing sector, the main driver of the surge, went up 6.1 percent.

Energy is among potential fields for investment cooperation between Vietnamese and US firms, with Prime Minister Pham Minh Chinh announcing that Vietnam gives high priority to sustainable energy development to maintain national energy security and reduce greenhouse gas emissions, according to Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Pham Tan Cong.

Some 83.3 percent of the 500 fastest-growing companies in Vietnam (FAST500) are optimistic about the outlook and growth opportunities of the domestic market this year, given that the economy is on course to recover to the pre-pandemic level, according a recent survey conducted by Vietnam Report.

Vietnam’s export-import turnover hit an estimated 108.5 billion USD in the first two months of this year, up 13 percent compared to the same period last year, the General Statistics Office reported on February 28.

Vietnam is under great pressure to green its trade sector as consumers pay more attention to environmentally-friendly products, while the country is also enjoying opportunities to boost the export of related goods in order to benefit.

In the first two months of this year, Vietnam posted a 5.4 percent growth in the index of industrial production, a 10.2 percent rise in export value and a 11.9 percent rise in the number of newly registered enterprises.

The resumption of international flights and the borders reopening in March will not only benefit Việt Nam’s hospitality sector but also drive demand for serviced apartments, according to Savills Việt Nam.