EXPORTS TO SINGAPORE SOAR NEARLY 60% IN AUGUST
Vietnam’s exports to Singapore surged by 58.4% to around S$876.3 million in August, marking the highest level since late 2022, according to Vietnam’s trade office in Singapore. This sharp growth has positioned Vietnam as Singapore’s 18th largest export partner.
VIETNAM’S DIGITAL INDUSTRY REVENUE SOARS IN JAN-SEP
Vietnam’s digital industry has stayed on its high growth path, with revenue hitting a record US$118 billion so far this year, rising by 17.78% against the same period last year. The data was announced by Nguyen Khac Lich, director of the Authority of ICT Industry and Communications under the Ministry of Information and Communications, at the recent Top 10 Vietnam Digital Technology Companies award ceremony.
VIETNAM'S IT SECTOR THIRSTY FOR NEW RECRUITS
The rapid development of the technology market creates numerous job opportunities and poses significant challenges for businesses. One of the most notable challenges is the shortage of skilled professionals. According to the Ministry of Information and Communications, Vietnam's IT market needs to add at least 500,000 technology workers in 2025 to meet demand. This necessitates a pressing need for businesses to implement upskilling and reskilling programmes for their employees.
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%.
STATE BUDGET REVENUE PROJECTED TO SURPASS 10% TARGET
The 2024 State budget revenue aims to exceed estimates by 10%. This directive is outlined in Prime Minister Pham Minh Chinh's Official Dispatch 85/CD-TTg, dated September 2, 2024, which was sent to ministers, heads of ministerial-level agencies, government agencies, and chairpersons of provincial and municipal people's committees.
VIETNAMPLAS - THE 22ND VIETNAM INTERNATIONAL PLASTICS & RUBBER INDUSTRY EXHIBITION
VietnamPlas is a well-known procurement and trade platform for the Vietnam plastics and rubber industry. This year, the 22nd VietnamPlas has once again expanded in scale! For the first time, it is collaborating with 630 leading exhibitors from 22 countries and regions, introducing more innovative technologies and driving continuous growth and development in the industry.
BANKS LEND SIGNIFICANT AMOUNTS TO GREEN PROJECTS
By participating in the package, enterprises can access preferential loan interest rates, receive quick and timely disbursement, and get consulting support from a team of competent experts. The package will last until December 31, 2025.
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.
