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Business News
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.
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VIETNAM ECONOMY INVESTMENT
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).
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
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.
VIETNAM ECONOMY INVESTMENT
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.
BANKING / FINANCE / INSURANCE / TAX
FORECAST UPBEAT FOR BANKING INDUSTRY IN 2025
They explained that the real estate market has gradually recovered, while the Government has also been promoting public investment. These factors will help stimulate an increase in credit demand, which will support banks' lending yields in the second half of 2025.
BANKING / FINANCE / INSURANCE / TAX
FOUR MAIN DRIVERS OF VIETNAMESE STOCK MARKET IN 2025
Positive prospects of a stable manufacturing in 2025 are supported by supply chain diversification benefits from the “China +1” strategy, and Vietnam will continue to attract FDI inflows in the coming time.
VIETNAM ECONOMY INVESTMENT
CUSTOMS SECTOR PREPARES FOR ORGANIZATIONAL RESTRUCTURING
During the conference, the General Department underscored the importance of implementing Resolution 18-NQ/TW, which outlines the plan and direction for organizational restructuring and streamlining.
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