EXPORT BREAKTHROUGH EXPECTED IN 2025
In 2024, Vietnam's export turnover reached US$405.53 billion, up 14.3% from the previous year. The domestic sector contributed US$114.59 billion, up 19.8%, making up 28.3% of total exports, while the foreign-invested sector (including crude oil) reached US$290.94 billion, up 12.3%, accounting for 71.7%. This solid performance sets the stage for a breakthrough in exports in 2025.
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.
PM ORDERS SWIFT RESOLUTION OF CHALLENGES FOR RENEWABLE ENERGY PROJECTS
Prime Minister Phạm Minh Chính has laid stress on the need to complete the resolution of obstacles for renewable projects by February 2025 to prevent wastefulness, contributing to ensuring electricity for development.
NAM DINH TO BUILD TWO NEW INDUSTRIAL CLUSTERS
Its primary industrial activities are mechanical engineering, supporting industries, food processing, pharmaceutical production, automotive parts manufacturing, electronics assembly, electrical equipment production and other manufacturing and processing industries.
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.
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.
CONSTRUCTION MATERIALS INDUSTRY'S REVENUE TO REACH $47 BILLION
During a recent seminar on the development of Việt Nam’s modern and sustainable construction materials sector on November 9, Lê Trung Thành, head of the Department of Building Materials at the Ministry of Construction, revealed that the industry generated around US$47 billion annually, contributing 11 per cent to the national GDP.
LONG AN INTERNATIONAL PORT READY FOR INTERNATIONAL CONTAINERS IN 2025
Long An International Port is working with a number of global shipping companies to implement plans to transport goods internationally starting from 2025. According to Ngo Thi Thanh Vy, deputy general director of Long An International Port Management and Operations JSC, currently, Long An International Port is exploiting domestic containers from the north, central and south and vice versa.
