Vietnam Trade Office in Singapore

Vinh Phuc Province delegation will be having a conference with Shook Lin & Bok and Vietcombank on the afternoon of 25 OCT (Tuesday). The theme of this conference is: "Investment & Financing Trends and Opportunities in Vietnam". There have been more than 120 confirmed guests up to date, and we are looking forward to welcoming more. During this conference, our...

The Ministry of Industry and Trade (MoIT) is drafting a Prime Minister's Decision on the mechanism for adjusting the average retail electricity price. Under the draft, when the input parameters fluctuate, causing the average retail price of electricity to decrease compared to the current average retail price, Vietnam Electricity (EVN) is responsible for reducing the average retail price of electricity...

Vietnam is currently heavily dependent on the import of PVC resins - input materials in the construction plastic production chain. In the second half of this year and 2023, Vietcombank Securities Co (VCBS) forecasts that a low PVC price will support profit margins of businesses. Vietnam is currently heavily dependent on the import of PVC resins - input materials...

Viet Nam’s economy is expected to grow by 7.2 percent in 2022, on the back of a strong rebound in domestic demand and continued solid performance by export-oriented manufacturing. According to the World Bank East Asia and Pacific Economic Update, October 2022, Viet Nam's economy rebounded strongly from COVID-related lockdowns in the third quarter of 2021, expanding by 6.4 percent...

Vietnam has attracted more than US$18.7 billion in foreign direct investment (FDI) during the initial nine months of the year, an annual decline of 15.3%, according to detail compiled by the Foreign Investment Agency (FIA). Despite this drop, FDI disbursement continued to increase sharply, reaching US$15.4 billion in the reviewed period, a rise of 16.2% compared to the same period...

Vietnam raked in approximately US$77 billion from the export of phones, components and computers, electronic products and spare parts during the past eight months of the year, according to the Ministry of Industry and Trade. The four major importers of phones and components from the nation include the United States, the EU, China, and the Republic of Korea (RoK), grossing...

Vietnam's trade in goods with foreign markets increased 2.7 times from US$203.6 billion in 2011 to US$545.3 billion in 2020, reaching US$668.5 billion in 2021 and US$371.17 billion in the first half of 2022, up 16.4 percent from the same period last year. Bright spots At an online seminar themed “Sustainable development of exports upon FTA (free trade agreement) implementation” recently...

The Ministry of Industry and Trade (MoIT) has been told to finalise the National Power Development Plan VIII (PDP VIII) for 2021-2030 with a vision to 2045, focusing on reducing coal power plants. According to the Government Office Notice No 277/TB-VPCP on the conclusion of the Government relating to PDP VIII, the MoIT was asked to review the feasibility of...

Members of the Vietnam Automobile Manufacturers’ Association (VAMA) logged their August vehicle sales at 30,846, a month-on-month increase of 2% and a year-on-year surge of 247%. VAMA reported on September 13 that of the total, the sale of passenger and special-purpose vehicles expanded by 9% and 21%, respectively; while that of commercial vehicles saw a decrease of 20% compared to...