Economy

On March 12, Secretary of Provincial Party Committee, Chairman of Provincial People's Council - Nguyen Van Duoc and other departments and branches worked in Ben Luc district on planning and investment reception.

Vietnam witnessed the establishment of 22,128 enterprises in the first two months of the year with combined registered capital of nearly 219 trillion VND (8.88 billion USD).

2024 will continue to be a challenging year for the leather and footwear industry but there are still many prospects to increase exports this year.

Facing strong competition from foreign rivals, Vietnam’s shrimp industry is promoting deep processing, generating big profits for both processors and exporters.

Vietnam’s rice export has been shifting significantly toward high-quality and speciality products rather than quantity, with an annual stable turnover from 6.2 to 6.3 million tonnes in 2019-23.

Vietnam attracted 4.29 billion USD in foreign direct investment (FDI) in the first two months of 2024, a year-on-year surge of 38.6%.

The manufacturing sector recorded a return to growth right from the outset of 2024, with activities expanding in February fueled by increases in both volume and orders, experts from S&P Global рфму said.

Vietnam exported 35,000 tonnes of peppercorn worth 143 million USD in the first two months of 2024, down 12.3% in volume but up 12.9% in value, reported the Ministry of Agriculture and Rural Development (MARD).

Recently, the One Commune One Product (OCOP) Program has contributed to changing production practices, creating new directions in production and trading of typical, advantageous traditional products.

The Government has assigned the Ministry of Finance to research and develop a legal framework to ban or regulate crypto assets in May 2025 with an aim to combat money laundering.

Positive prospects are forecast for Vietnam’s rice export in 2024, with bright signs in both market and price.

The Government has decided not to apply the mixed tax regime on beer and alcohol products.