30 HONG KONG COMPANIES TO VISIT VIETNAM
Organised by the Hong Kong Trade Development Council (HKTDC), the delegation will include HKSAR Government principal officials, and some 30 leaders of enterprises and conglomerates operating finance and insurance; innovation and technology; professional services; infrastructure, transport and logistics; energy and hospitality.
VIETNAM REPORTS $18 BILLION IN FDI BETWEEN JANUARY AND JULY
Vietnam reported more than $18 billion in foreign direct investment (FDI) in the year to July 20, an on-year increase of 10.9 per cent, according to data from the Foreign Investment Agency under the Ministry of Planning and Investment.
GREEN LOGISTICS TRANSFORMING PERCEPTION INTO ACTION
The development of green supply chains and green logistics is no longer a distant future concern; it has become an urgent necessity for businesses today. Adopting green supply chain practices is essential for survival and growth in the modern market. Companies that are slow to embrace these sustainable practices risk facing significant challenges and may even be pushed out of the market.
BUSINESSES INCREASE WISHES FOR SPECIALISED INDUSTRIAL PARKS
Data centres, industrial parks (IPs) reserved for high-tech production, and parks serving Chinese, the United States, Taiwanese, or Japanese investors are gradually being formed to welcome new funding waves, according to Truong An Duong, general manager of North Vietnam and Residential at Frasers Property Vietnam.
VIETNAM’S H1 ECONOMIC GROWTH QUITE IMPRESSIVE: ADB COUNTRY DIRECTOR
Country Director of the Asian Development Bank (ADB) for Vietnam Shantanu Chakraborty has expressed his impression of the Southeast Asian nation’s economic growth of 6.4 per cent in the first half of this year. The growth was mainly driven by strong trade recovery, where export grew by 14.5 per cent and import by 17 per cent over last year, he told the Vietnam News Agency. However, he said, the domestic segment remained sluggish.
GOV’T UNVEILS ACTION PLAN TO ACCELERATE INDUSTRIALISATION
Vietnam aspires to become among the top three industrial powerhouses in ASEAN, with the industrial sector contributing over 40 per cent to GDP. The manufacturing and processing sector is expected to account for around 30 per cent of GDP, with a strong emphasis on high-tech products aiming for over 45 per cent of the sector's value. To further drive the economy, the service sector is projected to contribute over 50 per cent to GDP, with tourism alone generating 14-15 per cent.
VIETNAM ONE OF FASTEST-GROWING E-COMMERCE MARKETS IN SOUTHEAST ASIA
The report released on July 16 highlighted that the total GMV of Southeast Asia’s eight leading e-commerce platforms rose to $114.6 billion in 2023, up 15 per cent from 2022. The key drivers for the region's e-commerce GMV expansion in 2023 are Vietnam and Thailand, growing 52.9 per cent and 34.1 per cent on-year, respectively.
FDI INFLOW INTO VIETNAM REACHES NEARLY 15.2 BILLION USD
Vietnam attracted nearly 15.2 billion USD in foreign direct investment (FDI) in the first six months of this year, a year-on-year increase of 13.1 per cent, according to the General Statistics Office.
