Business News

Foreign developers dominate the modern warehouse market in Vietnam, accounting for over 75 per cent of the market share by net leasable area (NLA) in 2023. According to an industry report by FiinGroup, warehousing remains one of the most promising logistics segments in Vietnam, attracting investments from both local and foreign investors.

According to the province’s Investment Promotion and Support Board, FDI was put mainly into high-tech fields and environmentally friendly industries with high added value, enabling the northern coastal province to participate in the global value chain.

Coffee Expo Vietnam 2024 is the most prominent trade exhibition of the year in 2024 in the coffee, tea, and pastry industry. https://www.instagram.com/coffeeexpo_vietnam/This is an exhibition event for premium coffee and tea technologies, products, and services, including ingredients, machinery and equipment, desserts, and other related products from well-known domestic and international brands.

The EVFTA which entered into force in August 2020, has been significant. It has made Viet Nam one of only two ASEAN countries, along with Singapore, to have a free trade agreement with the EU. This has given the country a competitive edge over other ASEAN nations still in negotiations with Europe.

Vietnam’s industrial real estate sector is experiencing strong expansion, driven by favorable elements such as macroeconomic stability, industrial advancement and enhancements in transportation infrastructure.improvement.

Viet Nam's exports accelerated from US$5.4 billion in 1995 to around US$364 billion in 2023, mainly fuelled by the signing of free trade agreements, both bilaterally and multilaterally. In 1995, Viet Nam joined ASEAN Free Trade Agreement (ATFA), the first FTA between Viet Nam and foreign partners since the country began Reform policy in 1986, ushering in a new era of regional and international economic integration.

Promoting forest carbon credit trading is a significant driver for climate change mitigation and sustainable forest management. The prospective financial gains derived from forest carbon ought to be rechanneled into forest conservation and management, while ensuring an equitable distribution of benefits to accomplish objectives within the forestry sector.

Singapore-based United Overseas Bank (UOB) has projected the economic growth rate of Việt Nam at 6 per cent for the second quarter of this year and for the full year on increasing chip-making demand, the recovery of Chinese and regional economies, as well as ongoing supply chain shifts.