Business News

Vietnam's data centre market was valued at $654 million in 2024, and is projected to reach $1.75 trillion by 2030, rising at a compound annual growth rate (CAGR) of 17.93 per cent, according to Research and Markets.

Vietnam’s seafood exports are projected to maintain strong growth this year, potentially reaching 11 billion USD. According to the Directorate of Fisheries, efforts will focus on improving production quality and efficiency, with deep processing playing a key role in extending the value chain and minimizing waste to enhance product value.

The MoIT has drafted proposals to develop the Law on E-commerce which will be included in the National Assembly's law and ordinance development programme in 2025 and submitted to the NA for consideration and comments in October.

Enterprises are expecting a growth in tra fish exports to the US on the back of a bilateral agreement signed on January 17 to remove anti-dumping duties on Vietnamese fish fillets.

More than 4.33 billion USD in foreign investment was registered in Vietnam in January, an increase of 48.6% compared to the same period last year.

Việt Nam’s Index of Industrial Production (IIP) recorded a slight increase of 0.6 per cent year-on-year in January, although showing a significant 9.2 per cent month-on-month decline, according to the General Statistics Office (GSO).

According to the Asia Pacific Data Centre Construction Cost Guide 2025 released by Cushman & Wakefield released on February 4, which covers 90 data centres in 26 cities, Vietnam boasts some of the lowest construction costs in the Asia-Pacific region, second only to Taiwan, with from $5.5-8.5 million per megawatt.

The top five e-commerce platforms in Vietnam, Shopee, Lazada, TikTok Shop, Tiki, and Sendo, posted a total gross merchandise value (GMV) of VND318.9 trillion (about $12.6 billion) in 2024, a 37.36 per cent rise from 2023, according to Metric.