Vietnam Trade Office in Singapore

The development of supporting industries, and independence of raw material and component supplies is one of the core challenges for the sustainable long-term development of Vietnam's industrial sector. Limited competitive capacity According to the Ministry of Industry and Trade (MoIT), 70 percent of supporting industry enterprises in Vietnam are of small and medium size, hobbling their participation in global supply chains....

The fourth wave of Covid-19, which erupted in April 2021, placed manufacturing and export businesses in very difficult circumstances. Nonetheless, many were able to maintain production and export while at the same time ensuring employee safety and health. In 2021, Vietnam achieved satisfactory export results despite numerous difficulties. The business community significantly contributed to these results, strengthening the global position...

Representatives of international organizations and foreign business associations in Vietnam are expressing optimism about Vietnam’s economic prospects. Giorgio Aliberti, Head of the EU Delegation to Vietnam: Cutting red tape Despite the challenges posed by Covid-19, the EU and Vietnam’s business communities and people benefit from the EU-Vietnam Free Trade Agreement (EVFTA). The trade deal has helped European and Vietnamese exporters overcome...

Vietnam is a "rising star" and will emerge as the third-largest startup ecosystem in Southeast Asia in2022, according to a report by venture capital firm Golden Gate. Along with the development of startup ecosystem, Vietnam is considered as one of the most attractive destinations for venture capital funds in Southeast Asia, said the report "Southeast Asia Ecosystem 2.0". Le Han...

The industry and trade sector has created a fairly solid foundation for a new development phase. Minister of Industry and Trade Nguyen Hong Dien talked about 2021 achievements and key 2022 tasks in an interview with Vietnam Economic News’ Dinh Linh Lan. Vietnam’s export-import turnover reached nearly US$670 billion in 2021, placing the country among the world’s top 20 economies...

A ground-breaking ceremony was held on January 15 for the construction of the first phase of the Hai Lang liquefied natural gas (LNG) power plant in Hai An Commune, Hai Lang District, in the central province of Quang Tri. The project, spanning 120ha, will have a capacity of 1,500 MW and will be capable of supplying 8.25 billion kWh to...

Vietnam’s total installed power capacity totalled 76,620 MW in 2021, 7,500 MW higher than the previous year, and the highest among ASEAN member states. Vietnam’s total installed power capacity totalled 76,620 MW in 2021, 7,500 MW higher than the previous year, and the highest among ASEAN member states, said CEO of the Vietnam Electricity (EVN) Tran Dinh Nhan at the...

Vietnam ranked third in the world in terms of rubber export value, with 3.24 billion USD in 2021, up 36.2 percent from the previous year, the Ministry of Agriculture and Rural Development (MARD) said. Vietnamese rubber has been present in more than 80 countries and territories, and the sector has penetrated more intensively in major markets. The Vietnam Rubber Association...

As expected by domestic and foreign economists, Vietnam’s gross domestic product (GDP) increased 5.22 percent in the fourth quarter of 2021, despite a six percent decrease in the previous quarter. The General Statistics Office of Vietnam (GSO) reported recently that the fourth quarter GDP grew an estimated 5.22 percent over the same period last year, higher than the 4.61 percent...