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Wood furniture export turnover may reach US$17.5 billion in 2024

Wood furniture export turnover may reach US$17.5 billion in 2024

19/07/2024 19:32

VGP - The export value is likely to set a new record of US$17.5 billion in 2024, according to the General Department of Viet Nam Customs (GDVC).

Digital economy accounts for over 18% of Viet Nam's GDP

VGP – Digital economy was estimated to account for 18.5 percent of Viet Nam's GDP by the end of June this year, an increase of 2 percent from 2023, according to the Ministry of Information and Communications.

Digital economy accounts for over 18% of Viet Nam's GDP
Prime Minister demands faster pace of public investment disbursement

Prime Minister demands faster pace of public investment disbursement

Economy 16/07/2024 16:22

VGP - Prime Minister Pham Minh Chinh on Tuesday urged subbordinate levels to double efforts to raise the disbursement rate of public investment capital to 95 percent by the end of 2024.

Viet Nam is fastest-growing e-commerce market in Southeast Asia in 2023

Viet Nam is fastest-growing e-commerce market in Southeast Asia in 2023

Economy 16/07/2024 16:20

VGP - Viet Nam was the fastest-growing e-commerce market in Southeast Asia in 2023, with the total gross merchandise value (GMV) worth US$13.8 billion, an increase of 52.9 percent year-on-year.

Viet Nam seeks FIATA support to weather sea freight rising costs

Viet Nam seeks FIATA support to weather sea freight rising costs

Economy 16/07/2024 09:38

VGP - Viet Nam suggests the International Federation of Freight Forwarders Associations (FIATA) support Vietnamese businesses to overcome difficulties caused by rising costs of sea freight, port congestion and lack of empty containers.

VinFast builds new electric vehicle assembly plant in Indonesia

VinFast builds new electric vehicle assembly plant in Indonesia

Economy 16/07/2024 09:33

VGP - VinFast Auto held a groundbreaking ceremony for its new electric vehicle (EV) assembly in Subang, West Java, Indonesia, on July 15.

Viet Nam likely to become world’s new semiconductor hub

Viet Nam likely to become world’s new semiconductor hub

Economy 15/07/2024 21:30

VGP - Viet Nam's semiconductor industry is forecast to see the compound annual growth rate (CAGR) of 11.6 percent between 2023 and 2027, reaching US$31.28 billion by 2027, according to Statista Market Insights.

EuroCham suggests Viet Nam adjust ongoing policy to maintain momentum

EuroCham suggests Viet Nam adjust ongoing policy to maintain momentum

Economy 15/07/2024 20:30

VGP - Viet Nam should adjust its ongoing policy to maintain growth momentum despite its robust GDP growth in the first six months this year, suggested the European Chamber of Commerce in Viet Nam (EuroCham).

Leather footwear export value may hit US$26-27 billion in 2024

Leather footwear export value may hit US$26-27 billion in 2024

Economy 15/07/2024 14:23

VGP - The leather footwear sector is expected to earn US$26-27 billion in export turnover in 2024, according to the Viet Nam Leather, Footwear and Handbag Association (Lefaso).

Viet Nam remains important investment destination in medium, long terms

Viet Nam remains important investment destination in medium, long terms

Economy 15/07/2024 14:10

VGP - Viet Nam remains an important investment destination in the medium and long terms amid the ongoing global supply chain restructuring, according to the Ministry of Planning and Investment (MPI).

Mekong Delta should have around 1,200km of expressways by 2030

Mekong Delta should have around 1,200km of expressways by 2030

Economy 13/07/2024 20:22

VGP - Prime Minister Pham Minh Chinh reiterated the Government's resove to increase the total length of expressways in the Mekong Delta to about 1,200 kilometers by the end of this decade.

Gov't targets to complete 1,541km of high-speed railway by 2035

Gov't targets to complete 1,541km of high-speed railway by 2035

Economy 11/07/2024 17:26

VGP - Prime Minister Pham Minh Chinh has called for innovative and strategic approach to complete the building of 1,541 kilometers of high-speed railway by 2035.

Number of millionaires almost doubles in decade

Number of millionaires almost doubles in decade

Economy 11/07/2024 09:55

VGP - Viet Nam experienced the fastest growth in millionaires globally between 2013 and 2023, with a 98 percent increase in the number of individuals with a net worth of over US$1 million.

Prime Ministers orders faster public investment disbursement

Prime Ministers orders faster public investment disbursement

Economy 10/07/2024 18:43

VGP - Prime Minister Pham Minh Chinh has urged ministries, agencies and localities to speed up public investment disbursement in the last six months this year.

Viet Nam potential to become a major logistics hub

Viet Nam potential to become a major logistics hub

Economy 10/07/2024 15:12

VGP - Viet Nam has enormous potential to emerge as a global and regional logistics hub, said President of International Federation of Freight Forwarders Associations (FIATA) Turgut Erkeskin.

Budget revenue increases by over 15% despite tax deferrals in January-June

Budget revenue increases by over 15% despite tax deferrals in January-June

Economy 08/07/2024 19:53

VGP - State budget revenue saw a year-on-year increase of 15.3 percent in the first six months and was estimated to reach over VND865 trillion in spite of nearly VND40 trillion of tax deferrals, according to the General Department of Taxation.

Gov’t strives for GDP growth of 6.5-7 percent in third quarter

Gov’t strives for GDP growth of 6.5-7 percent in third quarter

Economy 06/07/2024 17:43

VGP – Prime Minister Pham Minh Chinh on Saturday urged subordinate levels to double efforts to achieve the GDP growth of 6.5-7 percent in the third quarter this year.

Apple supplier Foxconn to invest over US$550 million in two projects in Viet Nam

Apple supplier Foxconn to invest over US$550 million in two projects in Viet Nam

Economy 06/07/2024 16:44

VGP - Foxconn, the Taiwan-based supplier to Apple, will invest about US$551 million in two new projects in Viet Nam’s northern coastal province of Quang Ninh.

Export value of agro-forestry-aquatic products up 19% in first half

Export value of agro-forestry-aquatic products up 19% in first half

Economy 06/07/2024 15:47

VGP - Viet Nam earned US$29.2 billion from exporting agro-forestry-aquatic products during the January-June period, a year-on-year increase of 19 percent.

UOB maintains Viet Nam’s growth forecast at 6% this year

UOB maintains Viet Nam’s growth forecast at 6% this year

Economy 04/07/2024 12:03

VGP - The Singaporean-based United Overseas Bank (UOB) maintained its growth forecast for Viet Nam at 6 percent for 2024.