Vietnam is emerging as a major importer of powdered milk from the Republic of Korea (RoK) that is facing low birth rate. Illustrative image (Photo: Internet) Specifically, the RoK exported 15.85 million USD worth of powdered milk to Vietnam as of the last November, or 17% of its total shipment of this product. Data from the Korean Customs Service...

Vietnam’s Finance Ministry will continue to create favourable conditions for foreign direct investment (FDI) companies to operate effectively and sustainably in the country, Finance Minister Ho Duc Phoc said on January 10 when meeting Samsung Electronics President and Chief Financial Officer Park Hark-kyu. Finance Minister Ho Duc Phoc on January 10 meets Samsung Electronics President and Chief Financial Officer...

Vietnam posted an all-time high import of automobiles with 173,467 units valued at 3.84 billion USD last year, surpassing the previous record of about 160,000 units in 2021, reported the General Department of Vietnam Customs. Illustrative image (Photo: VNA) The figures represented an increase of 8.5% in volume and 5.1% in value year-on-year. In December alone, a total...

Identifying the importance of rural transport infrastructure, in 2022, districts and city have prioritized resources and promoted the mobilization of people to participate in the implementation of the hardening of roads according to the motto "supported by the State, the people do it". Thanks to that, many roads have been hardened to help the face of the countryside change,...

A workshop discussing measures to promote business cooperation between Vietnam and the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) of China was held in Hanoi on January 10. Participants at the workshop (Photo: VNA) The event was jointly organised by the Foreign Investment Agency (FIA) of the Ministry of Planning and Investment (MPI), the Chinese General Chamber of Commerce...

The VinFast Trading and Service Limited Liability Company, a subsidiary automaker of Vietnamese conglomerate Vingroup, handed over 4,278 electric vehicles (EVs) to its customers last December, seven times higher than that of the previous month. A VF 8 electric car manufactured by VinFast (Photo: VNA) Of the sum, there were 2,730 VF 8 and 1,548 VF e34 units....

Vietnam is now considered a highly potential market for businesses from the Republic of Korea (RoK) which have dominated some sectors in the Southeast Asian nation. Korean food introduced at a fair in Vietnam. (Photo: VNA) The RoK’s largest trade surplus in 2022 was with Vietnam, at 34.25 billion USD. It was the first year in which Vietnam ranked...

Vietnam should maintain high quality of its farm produce, especially longan, to clinch its position in the Japanese market, according to Vietnamese Trade Councillor in Japan Ta Duc Minh. Vietnamese fresh longan (Photo: VNA) Last week, the first batch of fresh longan arrived in Japan, becoming the fourth kind of fruit to be sold in the choosy Japanese...

Vietnam Airlines has been ranked one of the top 10 Vietnamese brands in 2022, revealed a report by the Vietnam Report. Vietnam Airlines among top 10 Vietnamese brands (Photo: Vietnam Airlines) It’s the second time the national flag carrier has been named in the list as well as the 500 Largest Enterprises in the country. The airlines also...

The Government Office has recently released Prime Minister Pham Minh Chinh’s conclusions at a conference promoting foreign tourist arrivals in Vietnam. In Hoi An ancient town (Photo: VNA) According to the document, departments, agencies, localities, business community and stakeholders need to further strive, stay more flexible and creative, change mindset and renew methods to revive the tourism sector following...