Business News

Its primary industrial activities are mechanical engineering, supporting industries, food processing, pharmaceutical production, automotive parts manufacturing, electronics assembly, electrical equipment production and other manufacturing and processing industries.

The Ministry of Information and Communications (MIC) cited the Groupe Speciale Mobile Association (GSMA) and Ericsson as predicting that 4G will remain the dominant technology with the majority of subscribers, 55 per cent, to 2025.

As of November 15, Viet Nam's total import-export turnover reached US$681.48 billion, a year-on-year increase of 15.7 percent, reported the General Department of Viet Nam Customs.

The cargo terminal at Cat Bi International Airport, with a total investment of 724 billion VND, is designed to handle 100,000 tons of cargo per year, expandable to 250,000 tons. The project is set to be operational by January 2026.

"During 2025-2026, MBS expects construction steel and hot-rolled coil steel to increase by 7 per cent and 8 per cent, respectively, due to rising demand and easing pressure from China. Domestic manufacturers stand to gain market share as anti-dumping duties take effect in December," noted the MBS steel sector Q3 report.

HKU Vietnam is hosting the Vietnam-China Business and Investment Opportunities on November 29. We are honored to invite you to register for the conference to engage in in-depth discussions with C-level of listed companies from mainland China and Vietnam. This is a high-level event for networking, knowledge exchange, and expanding international business relations.

Haiphong recently approved 12 new projects in its economic and industrial zones, valued at a combined US$1.8 billion. This brings the total FDI in these zones to US$3.5 billion as of November, surpassing the city’s annual target by 40%.

Việt Nam mainly imported cars from Indonesia, with 57,963 units imported so far this year (19,569 units higher than over the same period last year). Imports also came from Thailand, with 54,481 units (7,535 units higher than last year) and China, with 24,613 units (16,112 more than last year).