LEATHER, FOOTWEAR INDUSTRY AIMS TO GAIN EXPORT GROWTH OF 10% IN 2025
The leather and footwear industry has set a target of achieving export value of US$29 billion this year, an increase of ten per cent year-on-year, according to the Việt Nam Leather, Footwear and Handbag Association (Lefaso).
THE BRIGHT PROSPECTS OF VIỆT NAM'S ASSET MANAGEMENT INDUSTRY
According to a 2023 Knight Frank report, Việt Nam boasts 19,400 US dollar millionaires, marking a 98 per cent increase over the past decade, which includes six billionaires and 58 individuals with over US$100 million in assets.
SMALL AND MEDIUM-SIZED ENTERPRISES FOCUS ON CSR PRACTICES
SMEs now account for over 95 per cent of the total enterprises in Việt Nam. They also recruit 51 per cent of the social workforce, contributing more than 40 per cent of GDP and 30 per cent of total state budget revenue.
KEY TARGETS FOR SCI-TECH, INNOVATION AND NATIONAL DIGITAL TRANSFORMATION BY 2030
According to the Politburo’s resolution on breakthroughs in science, technology, innovation, and national digital transformation, Vietnam has set ambitious targets for 2030. The country aims to achieve advanced capabilities in science, technology, and innovation across several key fields, ranking among the leading nations in the upper-middle-income group.
TOTAL FDI REGISTERED IN VIETNAM HITS 31.4 BILLION USD IN JANUARY-NOVEMBER
As of November 30, 2024, the total newly registered capital, adjusted capital, and capital contributions or share purchases by foreign investors in Vietnam reached nearly 31.4 billion USD, up 1% increase compared to the same period last year.
TEXTILE EXPORT TURNOVER HITS 44 BILLION USD IN 2024
According to the Vietnam Textile and Apparel Association, Vietnam's textile and garment industry has fulfilled its 44-billion-USD export turnover target in 2024. The US remains the largest export market with an estimated export turnover of 16.71 billion USD, up 12.33% and accounting for 37.98% of the total turnover, followed by Japan, EU, the Republic of Korea, China, and ASEAN.
TRANSPORT MINISTRY EYES 70 KEY INFRASTRUCTURE PROJECTS IN 2025
The Ministry of Transport today, December 30, announced that it would advance 70 infrastructure projects in 2025, including 19 new starts and the completion of 51 existing ones. The announcement came at a conference reviewing the ministry’s 2024 performance and outlining its 2025 priorities.
FOOTWEAR INDUSTRY SET TO GAIN $27 BILLION IN EXPORT THIS YEAR
Việt Nam's footwear and leather industry is poised to achieve US$26-27 billion in export in 2024, marking a $3 billion increase from the previous year, as they country has well capitalised on the signed free trade agreements to bolster shipment, according to the Vietnam Leather, Footwear and Handbag Association (Lefaso).
