Vietnam Business News December 4/2024

VN eyes opportunities for fruit and vegetable export to China

Agricultural product exports poised for record-breaking year

Vietnam’s agricultural product exports are on track to achieve an unprecedented milestone, with projected revenue reaching 60-61 billion USD this year, up 7-8 billion USD compared to 2023.

Vietnam Grand Sale 2024 launched to boost consumption

The Ministry of Industry and Trade officially launched the 'Vietnam Grand Sale 2024', a national promotional campaign held until December 31, across the country on December 2.

6,000 systems for e-transactions receive a 'trust mark' label

Labeling information systems used for electronic transactions with a 'trust mark' will help citizens differentiate genuine websites from fake ones.

Smart cities are about people, not just technology renovation

Nguyen Quang Trung from RMIT Vietnam stressed that developing smart cities is a process of building a sustainable society with people put at the center.

Vietnam to lead Southeast Asia’s e-commerce revolution: IMARC report

Vietnam is set to lead Southeast Asia’s e-commerce revolution, given that this industry potentially drives national economic transformation, according to the latest report published by IMARC Group, a market research provider, on December 1.

Vietnam seeks stronger cooperation in hydrometeorological forecasting with Japan

Vietnam seeks Japan's support in transferring technology, solutions, and applications for climate change adaptation, particularly in hydrometeorology, landslide, and flash flood forecasting.

Wood exports likely to top 16 billion USD this year

The wood sector expects to earn 15.5-16 billion USD from exports this year, given a nearly 21% growth rate to 13.18 billion USD in the first 10 months.

Vietnam’s manufacturing stalls on weak export activities

The Vietnamese manufacturing sector remained in growth territory in November but overall business conditions improved to a lesser extent than in the previous month as slower rises in output and new orders were recorded, according to the S&P Global.

Largest world teqball championships opens in HCM City

The largest ever World Teqball Championships promises a thrilling competition played by elite athletes in Ho Chi Minh City.

Real estate prices in Vietnam expand by 59% over 5 years

Vietnam's real estate price growth over the past five years has reached 59%, significantly higher than other countries such as the US (54%), Australia (49%), Japan (41%), and Singapore (37%), according to data from the Global Property Guide.

Government’s media outlets to be streamlined

The Government has sketched out a plan to restructure its media organisations in a strategic move to optimise its operation, according to the Ministry of Home Affairs Pham Thi Thanh Tra.

95-year-old Xuan Phuong among BBC’s Top 100 Women making a difference

Vietnamese director Xuan Phuong, 95, has been recognized by the BBC as one of the world’s most inspiring women, highlighting her lifelong dedication to culture, education, and art.

AAE-1 and APG submarine cables disrupted, impacting Vietnam’s Internet

As AAE-1 and APG cables encounter faults, Vietnam’s international internet capacity is under strain, with restoration timelines still uncertain.

HCM City surpasses VND 500 trillion in budget revenue for the first time

Ho Chi Minh City has achieved a historic budget revenue milestone, surpassing VND 502 trillion ($19.7 billion) in 2024 despite challenges, according to Party Secretary Nguyen Van Nen.

Ho Chi Minh City’s Metro Line 1: Behind the scenes at Long Binh Depot

Metro Line 1 is nearing its December 22 launch, and Long Binh Depot in Thu Duc City is playing a crucial role as the center for train operations and maintenance.

A series of 'super real estate' projects in Da Nang remain abandoned

A high number of large projects expected to make a great contribution to Da Nang’s socio-economic development and highlight the central urban area remain unfinished.

Carbon credit market: Vietnam has 40-million ton ‘gold mine’

Forestry is the only sector in Vietnam that has minus net emissions, with a surplus of 40 million tons of CO2 each year, which has been likened to a ‘gold mine’.

Gamuda Land unveils landmark Eaton Park development in HCM City

This weekend, Gamuda Land, one of Southeast Asia’s premier property developers, unveiled the Alpine and Forest Towers at its flagship Eaton Park development in Ho Chi Minh City.

Raising hundreds of ant nests, farmer avoids using chemicals in his orchard

Raising yellow ants to protect pomelo trees from insects and pests, Trinh Dinh Mao, 37, in Thanh Hoa can save tens of millions of dollars on pesticides, and have a clean pomelo orchard by not using chemicals.

The 1,000-year legacy of Xuan Pha: A unique folk dance tradition

Recognized as a National Intangible Cultural Heritage, Thanh Hoa Province’s Xuan Pha folk performance has preserved its unique artistry and history for over 1,000 years.

Japanese visitors explore Hanoi’s culinary scene, surprised by bun cha

Tasting bun cha for the first time, Japanese tourist Ken couldn’t help but apologize for previously thinking Vietnamese food was just about pho and banh mi.

Truong My Lan’s death sentence upheld in Van Thinh Phat trial

The court rejected clemency for Truong My Lan, citing the gravity of her crimes, but allowed her seven days to appeal for presidential clemency.

Meteorologists explain persistent fog in Ho Chi Minh City

Ho Chi Minh City witnessed a thick blanket of fog on December 3, obscuring landmarks and disrupting visibility across the metropolis.

Education and innovation key to Vietnam’s semiconductor strategy

Vietnam is prioritizing education and workforce development to position itself as a leader in the global semiconductor industry by 2030.