Economy

Amid the ongoing restructuring of the global supply chain, foreign investors continue to view Vietnam as a crucial investment destination in the medium and long term, according to the Ministry of Planning and Investment (MPI).

On July 31, at 49 Truong Dinh, Ward 1, Tan An City, Long An province, Long An Green Development Company Limited opened a showroom to display and sell bird's nest and OCOP products.

The majority of garment businesses have received orders to be fulfilled until September-October and even beyond. However, prices continue to be impacted by the lingering market effects of 2022-2023.

Vietnam raked in more than 3.8 billion USD from fruit and vegetable exports in the first seven months of 2024, up 23.4% year on year, according to the Vietnam Fruit and Vegetable Association (VINAFRUIT).

The country's index of industrial production (IIP) is continuing its positive growth pace in July with an increase of 0.7% over June and 11.2% compared to the same period last year.

E-commerce sales in Vietnam are expected to reach 30 billion USD by the end of this year, heard a meeting held in Ho Chi Minh City by the Ministry of Industry and Trade’s Trade Promotion Agency,

The pilot project to build a fruit tree material area in Dong Thap Muoi region is achieving positive results.

Vietnam's shrimp exports grew in the first half of this year, but the market is facing competition from other countries in the world.

Vietnam has seen a robust increase in the inflow of the foreign investment despite global geopolitical uncertainty, affirming foreign firms’ sentiments in the Southeast Asian market, according to insiders.

Vietnam is the second-largest supplier of coffee to the United Kingdom (UK). The average export price of Vietnamese coffee to the UK in the first half of 2024 reached 3,941 USD per tonne.

With significant strides in mechanical engineering, particularly in agriculture, Vietnam is now working to increase the localisation rate in industrial production.

Rice exports could bring in a record turnover of 5 billion USD this year if the pace of shipment is maintained like at present, according to Vu Tuan Anh, CEO of GLE company, a rice exporter.