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INDEX OF INDUSTRIAL PRODUCTION UP 5.7% IN JANUARY-FEBRUARY
Vietnam’s Index of Industrial Production (IIP) rose 5.7% year-on-year in the opening two months of 2024, according to the General Statistics Office of Vietnam.
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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.
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.
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.
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).
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%.
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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