Business News

“Business and production activities of enterprises remain in big difficulties. Domestic purchasing power has reduced and people are tightening their belts,” the MPI stated. “Demands in the domestic market are still standing at a low level, while manufacturing and processing enterprises have low competition. These are among the biggest difficulties.”

The foreign-invested enterprises play an important role in the textile and garment sector, contributing 65 per cent to the sector’s total export turnover. Major investors mainly come from South Korea, Taiwan, Hong Kong, and China. Among them, South Korea is the largest foreign investor in Vietnam’s textile and garment sector.

Let’s join the upcoming HanoiPlas 2024! One of Vietnam's most significant exhibitions in the plastic and rubber industry showcasing innovative technologies and latest industry trend.

Facilitative visa policies and attractive tourism stimulus programmes have proven effective in attracting a high number of international visitors to Vietnam compared to the same period last year.

Enhancing the quality of the 16 free trade agreements (FTA) that Vietnam has signed with partners will be a helpful measure to aid domestic firms in facilitating exports in the coming time, according to experts.

According to the General Statistics Office (GSO), the total FDI disbursed in Vietnam in the first four months of this year reached an estimated 6.28 billion USD, up 7.4 per cent year on year, the highest four-month amount in the past five years.

The local authorities of Binh Lieu and Hai Ha districts in the northeastern province of Quang Ninh (Viet Nam) and Fang Cheng Zone in China’s Guangxi province have agreed to hold a ceremony to mark the official opening of Hoanh Mo - Dong Zhong Border Gate pair this month.

With the E-Membership Program - New World Dining Club, freely immerse yourself in the aromas, flavors, and textures of over 40 delicious dishes, rich in the culinary traditions of Guangdong, at Black Vinegar restaurant and many other dining venues at New World Saigon Hotel.