Economy

During the first ten months of 2024, Ho Chi Minh City maintained its leading economic position, contributing the largest share of Vietnam’s total import-export turnover, reaching nearly 88 billion USD.

Despite significant domestic demand due to low housing rates and incomplete infrastructure, Vietnam's construction materials industry faces challenges, according to insiders.

Enterprises operating in Long An province are gradually changing their production mindset, moving towards green production, promoting product research and development, focusing on service quality.

Although Vietnam’s rice exports have traditionally focused on Asian markets, experts have advised businesses to pay more attention to Africa which has emerged as a key potential market.

Implementing the orientation of sustainable rural economic development associated with new rural construction, in recent times, Vinh Hung district, Long An province has focused on implementing the OCOP program.

Vietnam’s aquatic exports are expected to exceed the annual target of 10 billion USD on the back of strong demand from major markets, according to Deputy Minister of Agriculture and Rural Development Phung Duc Tien.

Vietnamese e-commerce platforms’ revenues fell significantly in the third quarter of this year, while foreign platforms saw considerable expansion, according to a recent report by e-commerce data company Metric.

Steady annual growth in FDI is a key driver of industrial real estate in Vietnam, according to Savills’ Asia Pacific Investment Quarterly report for the third quarter of the year.

Vietnam’s e-commerce market is estimated at 22 billion USD this year, ranking third in Southeast Asia behind Indonesia (65 billion USD) and Thailand (26 billion USD).

Vietnam's pepper exports saw a 1.9% year-on-year decrease in volume but a significant 48% increase in value thanks to higher prices in the first 10 months of 2024.

On November 6, 2024, the Provincial People's Committee issued Plan No. 3265 on implementing tasks and solutions to improve and enhance the Provincial Green Index (PGI) for the period 2024-2025 in Long An province.

Over 350 experts will gather this month in the Mekong Delta province of Dong Thap to discuss promoting green economic development in the region.