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VIETNAM ECONOMY INVESTMENT

VIET NAM’S EXPORT-IMPORT TURNOVER HITS OVER US$681 BLN BY MID-NOVEMBER

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.

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INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

HAI PHONG: CONSTRUCTION OF THE CARGO TERMINAL AT CAT BI INTERNATIONAL AIRPORT

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.

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INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

INVESTORS BETTING ON CONSTRUCTION STEEL THROUGH 2025

"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.

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MEMBER CORNER / PROMOTIONS

INVITATION TO REGISTER FOR VIETNAM - CHINA BUSINESS AND INVESTMENT OPPORTUNITIES

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.

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VIETNAM ECONOMY INVESTMENT

HAIPHONG TARGETS US$4 BILLION IN FDI FOR 2024

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%.

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VIETNAM ECONOMY INVESTMENT

CAR IMPORTS INCREASE 37.5 PER CENT IN 10 MONTHS

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).

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VIETNAM ECONOMY INVESTMENT

IMPROVING THE EFFECTIVENESS OF SOCIAL POLICY CREDIT

Following a decade of implementation, social policy credit is expected to enter a new phase of development to achieve higher efficiency for the sake of society and the community. On behalf of the Party Central Secretariat, on October 30, Standing Member of the Party Secretariat Tran Cam Tu signed a directive to improve the efficiency of social policy credit.

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VIETNAM ECONOMY INVESTMENT

FOREIGN INVESTORS FLOCKING TO SOUTHERN REGION

Foreign investors are actively calling on southern localities in the final months of 2024 to explore investment opportunities. On November 7, over 40 German businesses arrived in the southern province of Dong Nai to evaluate investment prospects in the area.


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