Vietnam News

Vietnam's Durian Export Crisis: Facing Heavy Losses Amid China's New Import Regulations

Vietnamese durian exporters face significant losses due to China's new import regulations requiring Auramine O testing. Companies are recalling shipments and selling at lower price...

Vietnam's Cashew Exports to the US Skyrocket: A Record $1 Billion in 2024

Vietnam's cashew exports to the US hit a record $1 billion in 2024, marking a 30% increase from the previous year. Despite challenges like reliance on imports and climate change, t...

Vietnam Surges Ahead in Durian Exports to China, Outpacing Thailand

Vietnam has significantly increased its durian exports to China, with a 50% rise leading to earnings of US$2.9 billion. This growth is attributed to Vietnam's strategic advantages,...

Vietnam Aims for $8 Billion in Fruit and Vegetable Exports by 2025: A Strategic Leap

Vietnam targets an $8 billion export value in fruits and vegetables by 2025, following a strong performance in 2024. The country's produce has strengthened its position in over 60 ...

China Raises Concerns Over Contaminated Durian and Jackfruit Imports from Vietnam

China has raised concerns over contaminated durian and jackfruit imports from Vietnam, prompting increased inspections and calls for stricter oversight. Vietnam faces challenges in...

The Rising Cost of Living in Vietnam: A Shock for Overseas Vietnamese Returning Home

Overseas Vietnamese are returning to a Vietnam transformed by economic growth, facing shockingly high costs of living. From dining out to everyday groceries, the price increases ch...

Vietnam Rises as a Dominant Force in the Global Durian Market

Vietnam has become a global leader in durian exports, with a 7.8-fold increase since 2022, driven by strong demand from China. The country's strategic planning, quality improvement...

Vietnam's Durian Import Surge: A $11.8M Investment in Exotic Flavors

Vietnam has significantly increased its durian imports, spending $11.8 million, with a focus on Thai and Malaysian varieties. Despite challenges in cultivation, the country's duria...

Vietnam Expands Global Footprint with $665M Overseas Investments in 2024

Vietnam has significantly expanded its global investment footprint in 2024, injecting $665M into foreign markets across 16 sectors and 31 countries. Despite not reaching pre-pandem...

Vietnam's Fruit and Vegetable Exports Aim for a $10 Billion Milestone by 2030

Vietnam's fruit and vegetable export sector is on a rapid growth trajectory, aiming for $10 billion in exports by 2030. With significant increases in revenue and a vast global mark...

Vietnam's Ambitious Nuclear Power Revival Faces Critical Workforce Shortage

Vietnam's revival of its nuclear power program faces a critical shortage of skilled workers, with a need for 2,400 personnel and 350 experts. The government emphasizes strategic pl...

Vietnam's Credit Growth Aims for a 16% Surge by 2025: A Strategic Economic Boost

Vietnam's State Bank projects a 16% credit growth by 2025, focusing on economic growth, inflation control, and efficient credit management. A new scoring system for credit quota al...

Vietnam Nets $341M from Foreign Suppliers in 2024, Marking a 26% Tax Revenue Surge

Vietnam achieved a significant milestone by collecting $341M in taxes from foreign suppliers in 2024, marking a 26% increase. Despite challenges in cross-border e-commerce tax mana...

Scandal Unfolds: Fake Codes in Vietnam's Durian Exports to China Revealed

Vietnam faces a scandal in its durian exports to China due to the misuse of counterfeit codes, leading to unauthorized shipments and financial losses. The Vietnam Fruit and Vegetab...

Vietnam's Durian Exports Skyrocket: A 44% Leap to $3.1 Billion in 2024

Vietnam's durian exports have surged by 44% to $3.1 billion in 2024, with China as the largest market. The Vietnam Fruit and Vegetable Association predicts total fruit and vegetabl...

Vietnam's Fruit and Vegetable Exports Soar to Record $7.2 Billion

Vietnam's fruit and vegetable exports hit a record $7.2 billion, driven by successful market entries and off-season cultivation techniques. Key fruits like pomelos and passion frui...

Vietnam May Ban Individuals with $2,000 Tax Debt from Leaving the Country

Vietnam is considering a new threshold for individuals with tax debts that could prevent them from leaving the country. The proposed amount is four times higher than an earlier sug...

Vietnam Emerges as a Rising Economic Power in Southeast Asia

Vietnam is highlighted for its rapid economic development driven by manufacturing growth and foreign investment. Despite being ranked 12th in Asia, its projected 7% growth in 2024 ...

Vietnam's Trade Surge: A 15.3% Boost in Exports and Imports

Vietnam's exports reached $384 billion, a 14.5% year-on-year increase, while imports rose by 16.3% to $361 billion. Trade surplus decreased to $23.4 billion. State revenue from imp...

Vietnam's Agro-Forestry-Fisheries Exports Surge to Record $62 Billion in 2024

In 2024, Vietnam's agricultural sector saw remarkable growth, with production value up by over 3.2% and exports surging more than 18%. Key products and markets include wood, fruits...

Vietnam's Radical Bureaucratic Overhaul: A Leap Forward or a Risky Gamble?

Vietnam is undergoing its most significant bureaucratic reform in decades, slashing ministries and agencies to reduce red tape. While aiming to attract more foreign investment, the...

Vietnam's $14B Plan to Transform Electric Vehicle Infrastructure

Vietnam plans to invest $14 billion by 2050 to develop electric vehicle charging stations, aiming to reduce greenhouse gas emissions and boost the economy. The initiative, supporte...

Vietnam Emerges as Top Destination for Japanese Expansion in Southeast Asia

Vietnam leads Southeast Asia in Japanese firms' expansion plans despite a slight decrease from last year. All retail and food services businesses in Vietnam plan to expand, with si...

Vietnam Proposes Travel Ban for Tax Debtors: A New Economic Measure

Vietnam is considering a new policy to ban individuals with tax debts of $400 or more from traveling, also extending to business representatives who owe VND100 million or more. Thi...

Vietnam's Bold Move: Reviving Nuclear Power for Sustainable Energy Future

Vietnam's National Assembly has approved plans to restart the Ninh Thuan Nuclear Power Project, aiming to diversify energy sources and meet net zero targets by 2050. The project, i...

Vietnam's Foreign Investment Surges to $31.4B in 11 Months

Vietnam has attracted nearly $31.4 billion in foreign direct investment over the past 11 months, with the processing and manufacturing industry leading the way. The real estate bus...

Vietnam Eyes Fresh Passion Fruit Exports to the US: A Potential $100 Million Market

Vietnam is hopeful that its fresh passion fruit will soon be exported to the United States, following Australia's approval of imports earlier this year. If the US approves these ex...

Vietnam's Luxury Real Estate Market Booms Amid Economic Growth

Vietnam's luxury real estate market is booming due to its rapid economic growth and strategic location in Southeast Asia. Recent government reforms in foreign property ownership re...

Vietnam's Youth Startup Ecosystem: A $529M Success Story

Vietnam's youth startup ecosystem has attracted $529M in 2024, with most entrepreneurs aged 16 to 35. The ecosystem is evaluated based on six key factors, and while it shows growth...

Vietnam's Trade Surplus Hits $24.3B: A Closer Look at the Numbers

Vietnam's trade surplus reached $24.3 billion in the first 11 months of the year, with exports and imports totaling $715.55 billion, up 15.4% from a year earlier. November alone ac...

Vietnam's Digital Economy Set to Soar to $36 Billion by 2024

Vietnam's digital economy is projected to hit $36 billion by 2024, driven by the robust growth of its retail e-commerce sector. The country's digital economy is expected to maintai...

Vietnam's $1.4B Meat Import Bill: A Threat to Domestic Livestock?

Vietnam has spent $1.4 billion on meat imports, primarily from India, the U.S., Russia, and Germany. These imports, cheaper than local products, are putting pressure on the domesti...