VIETNAM EXPORTS MAINTAIN ROBUST GROWTH
Vietnam’s export-import sector remains a key economic pillar in early 2025. Aiming for a 12-14% increase in export turnover compared to 2024 and a trade surplus of US$30 billion as outlined in Resolution 25/NQ-CP, Vietnam sets its sights on a promising growth path, requiring trong government-business cooperation.
CUTTING-EDGE TECH REINFORCES F&B MARKET POTENTIAL
Vietnam is becoming a keen destination for food service equipment manufacturers who are seeking to take root in the market. Nguyen Hoai Nam, business development manager at coffee solutions provider Cubes Asia, told VIR that Vietnam’s food and beverages (F&B) market will evolve in phases, emphasising the importance of catering to a diverse range of customer groups.
FOOD AND BEVERAGE SECTOR MAINTAINS STELLAR GROWTH WITH DEALMAKING NOUS
In mid-March, Trung Nguyen Legend broke ground on a coffee factory in Buon Ma Thuot city of the Central Highlands province of Dak Lak, at a cost of over $78 million. This is Trung Nguyen Legend’s fifth factory in Vietnam, with the venture expected to boost robusta coffee processing and exporting capabilities in Vietnam’s largest coffee-growing region.
ECONOMIC GROWTH AND GREEN ENERGY FROM VIETNAM’S EV TRANSITION
Vietnam aims to fully decarbonize its economy by 2050. Following the Prime Minister of Vietnam's commitment to net-zero emissions at the United Nations Climate Change Conference in Glasgow in November 2021 (COP26), the country has developed and begun implementing plans to reduce carbon emissions in the transportation sector.
VIETNAM EYES ONE MILLION MORE BUSINESSES BY 2030
Vietnam wants to have at least one million more businesses by 2030, especially small and medium-sized enterprises (SMEs). Prime Minister Pham Minh Chinh has signed a new directive aimed at promoting the growth of SMEs. Directive 10 highlights the vital role of the private sector, particularly SMEs that account for 98% of all businesses nationwide, contribute over 50% of GDP, 30% of state revenue, and provide over 40 million jobs.
OVER 1.6 MILLION FOREIGN VISITORS COME TO HCMC IN Q1
HCMC attracted more than 1.6 million international visitors and 8.5 million domestic travelers in the first quarter of this year, according to the city’s Department of Tourism. The city generated an estimated VND56.66 trillion in tourism revenue during the period, up by 26.7% year-on-year and reaching 21.8% of the full-year target.
VIỆT NAM, CHINA STRENGTHEN COLLABORATION IN TRANSPORTATION INITIATIVES
Việt Nam and China have discussed measures to bolster transport collaboration, particularly in railway development, at a recent meeting between Minister of Construction Trần Hồng Minh and Chinese Minister of Transport Liu Wei as part of the former’s working trip to China. At the event, Minh underscored the Vietnamese Party and Government’s political determination to bring into full play the common perceptions on cross-border railway connectivity and cooperation between the two countries.
LADIES' NIGHT: YOUR EXCLUSIVE MIDWEEK TREAT AT THE STRAITS!
Girl power takes centerstage as Ladies' Night officially kicks off every Wednesday, offering a refined midweek escape for all ladies! It is a complete ladies' takeover with exceptional savings on all your favorite drinks at The Straits Bar! Groups of 4 ladies will enjoy a complimentary first round of cocktails and 50% off on all alcoholic drinks for succeeding rounds.
