LOW-ALTITUDE ECONOMY COULD GROW TO $500 MILLION BY 2035
Việt Nam's low-altitude economy is at an early stage of development and is forecast to grow by around 13 per cent annually by 2035. Việt Nam is seeking to develop a broader low-altitude economy ecosystem, moving beyond drone manufacturing to applications, data services and supporting infrastructure, as unmanned aerial vehicles (UAVs) create new opportunities in agriculture, logistics, energy, transport and other sectors.
FIRMS EXPECT STRONGER Q4 ACTIVITY DESPITE COST, FINANCING PRESSURES
More than VNĐ5 quadrillion is registered to be poured into the economy in the first nine months of this year, up 6.1 per cent. Enterprises are expecting stronger business and production in the last quarter of this year, with new orders, output and labour demand set to improve, although high input costs and cash-flow constraints remain major concerns, according to a survey by the National Statistics Office (NSO) released late last week.
HCM CITY SAYS HOW IT PLANS TO ACHIEVE 10-11% ANNUAL EXPORT GROWTH FOR REST OF DECADE
The southern economic hub aims to strengthen its role as the country’s largest import-export centre while developing into a regional transhipment centre in Southeast Asia, supported by green and digital transformation and a circular economy. HCM City has outlined measures to expand production capacity, cut logistics costs, diversify export markets, and help businesses meet increasingly stringent international standards as it targets average annual export growth of 10-11 per cent through 2030.
HCM CITY LEADS ECONOMIC RESTRUCTURING IN SOUTHEAST REGION
According to Associate Professor, Dr Vũ Tuấn Hưng, director of the Institute of Social Sciences of the Southern Region, the Southeast is a strategically important socio-economic space in Việt Nam’s development given its advantages in location, industry, trade, services, logistics, science and technology, urbanisation and human resources.
NEW OPPORTUNITIES FOR VIỆT NAM’S SEAFOOD EXPORTS
The conclusion of negotiations on the Việt Nam-European Free Trade Association (EFTA) Free Trade Agreement after 14 years of talks has opened new opportunities for Việt Nam’s seafood export sector to access some of Europe’s most developed markets, which boast strong purchasing power and high standards.
TILAPIA EXPORTS TO BRAZIL SURGE 222 TIMES IN EIGHT MONTHS
Brazil is emerging as a key market for Vietnamese tilapia with import value surging sharply by more than 222 times to US$44 million in the first eight months of the year. According to the Vietnam Association of Seafood Exporters and Producers (VASEP), in August, exports totaled $4 million. The cumulative figure for the eight-month period reached $44 million, a surge of more than 222 times the level recorded a year earlier.
ARGENTINE BUSINESSES EYE EXPANSION INTO VIETNAMESE MARKET
Việt Nam emerged as a market with significant potential for Argentine businesses thanks to its strong growth, extensive FTA network and increasingly important role in regional supply chains. The Argentine Chamber of Commerce for Asia and the Pacific (Cámara de Asia) held a seminar in Buenos Aires on Thursday to provide information, connect enterprises and discuss business opportunities in Japan, the Republic of Korea, Việt Nam and Indonesia.
VIETNAM’S TRADE TOPS $825 BILLION BY MID-SEPTEMBER
Figures released on September 21 showed goods trade reached nearly $55 billion in the first 15 days of September alone, bringing cumulative turnover since the beginning of the year to more than $825 billion. The strong growth reflects robust trade flows, with demand for consumer goods and production inputs remaining high.
