Ho Chi Minh City plans to hold a conference calling for greater investment into green growth development towards meeting its sustainable development goals and accelerating economic restructuring in association with innovating green growth models.

Of 62 percent of businesses participating in the survey rank Vietnam in their top 10 FDI destinations globally, 17 percent positioned the Southeast Asian country in the highest place.

Expanding customer bases and diversifying products are the necessary solutions to maintain production and grow businesses, experts say.

Minister of Industry and Trade Nguyen Hong Dien has affirmed the determination to strengthen trade promotion and export to major markets, optimising FTAs, making full use of opportunities, and actively responding to challenges in 2024.

The Vietnamese economy did recover in 2023, Dr. Can Van Luc affirmed, describing quarter-over-quarter growth, rebounded sectors, and impressive results in economic integration as three highlights last year.

A series of commercial banks changed their appearance in 2023 through new brand identification, which reflected changes in governance, technology, and shareholder structure.

Japanese seafood companies plan to start processing Hokkaido scallops in Vietnam from January 8 following China’s recent ban on Japanese seafood imports, and to take advantage of the low labour cost in Vietnam, according to Nikkei Asia.

Nguyen Van Nen, secretary of the city Party Committee, said it is important to also complete the trial of Truong My Lan this year since the case has caused public anger.

Many noteworthy events occurred in the local stock market throughout the year.

Vietnam’s durian export is heading for US$3.5 billion in revenue this year after jumping by 5 times to finish at more than $2 billion in 2023.

The bond market experienced a noticeable improvement in the latter half of 2023, but businesses still face challenges when it comes to issuing bonds in 2024.

The Ministry of Agriculture and Rural Development has lowered its target for seafood export value for 2024 to US$9.5 billion from its previous expectation of $10 billion due to many challenges.

Technology retail systems hope that the mobile phone market will rebound during the Lunar New Year (Tết) season after going through a difficult December.

The stock assets of billionaire Pham Nhat Vuong have soared to $9 billion as shown in Bloomberg’s ranking. Meanwhile, Nguyen Dang Quang has returned to Fobres’ list of the world’s billionaires.

The market of Vietnamese food delivery through apps has grown strongly in the past few years, especially during the COVID-19 pandemic.

Vietnam continues to be the biggest coffee producer and exporter in the world with export turnover of $4.18 billion in 2023. The world market is relying on supply from Vietnam.

Industrial production in Vietnam has shown signs of recovery and is believed to have a bright prospect in 2024 thanks to the global consumption rebound and support from the Government, ministries, and sectors.

The State Bank of Vietnam (SBV) forecast that nearly VND2 quadrillion would be pumped into the national economy in 2024 to support economic recovery if the 15% credit growth target is met.

The United States is Vietnam’s largest consumer of pepper, making up more than one fifth of the supplier’s total exports, according to the General Department of Customs.

The Vietnam Value has moved up one spot to 32nd out of 100 strong national brands globally, with its value hitting US$431 billion, according to a Government official.