Deputy Prime Minister Le Minh Khai has recently signed a decision approving the restructuring scheme of the Vietnam Oil and Gas Group (Petrovietnam) until the end of 2025. An oil rig of Petrovietnam (Photo: VNA) The goal of the scheme is to build and develop Petrovietnam into a leading energy conglomerate in the country and the region, in...

Vietnam will remain the region’s fastest growing digital economy between 2023-2025, according to the 8th edition of the e-Conomy SEA Report published on November 7 by Google, Temasek and Bain & Company. Vietnam will remain the region’s fastest growing digital economy between 2023-2025. (Photo: weforum.org) It will grow at 20% in two years, the same level as the...

On the morning of November 7, at Huu Nghi International Border Gate, Huu Nghi Xuan Cuong Joint Stock Company (Lang Son province) held a signing ceremony of a strategic cooperation agreement with U&I Logistics Joint Stock Company (Binh Duong province in developing logistics services (supply chain of services including delivery, transportation of goods, warehousing and storage, customs clearance...) in...

Vietnam has capitalised on the free trade agreements (FTAs) it has signed to bolster exports amidst weakening demand, high input costs, and inflation pressure across the globe, Minister of Industry and Trade Nguyen Hong Dien said on November 7. Vietnam is among the 20 countries in the world with the largest international trade in goods. (Photo: VNA) Answering deputies’...

In the last months of 2023, a lot of supporting industry giants have announced their strategies to penetrate the Vietnamese market, given the fact that the country has become a strategic destination in the global supply chain. Vietnam has become a strategic destination in the global supply chain (Photo: VNA) Most recently, DKSH, a leading Market Expansion Services...

The US Department of Commerce (DOC) has received a request for anti-dumping and anti-subsidy investigations on frozen warmwater shrimp imported from a number of countries, including Vietnam, according to the Trade Remedies Authority of Vietnam under the Ministry of Industry and Trade (MoIT). Illustrative image (Source: VNA) The DOC was asked to investigate frozen warmwater shrimp products with codes...

Thanks to free trade agreements with tariff barriers gradually being removed, the exports of Vietnamese products have been on the rise. However, they are likely to face trade defence lawsuits. Illustrative photo (Photo: VNA) An early warning system for trade remedies is needed to help ensure sustainable trade development by helping businesses better respond to possible trade probes,...

Vietnam's first electric vehicle (EV) maker VinFast plans to build a plant with an investment capital of 18.6 trillion Rp (1.2 billion USD) in Indonesia, according to Presidential Chief of Staff of Indonesia Moeldoko. Vinfast is one of the largest EV manufacturers in Southeast Asia. (Photo: VNA) Moeldoko told a press conference on November 6 that the construction will...

The Ministry of Transport has freshly approved a project for developing waterway corridors and logistics in the southern region, which is worth nearly 3.9 trillion VND (163.34 million USD) funded by the World Bank (WB). Super container ship M/V OOCL SPAIN docks at Gemalink port, Cai Mep - Thi Vai port cluster, Ba Ria-Vung Tau province). (Photo: VNA) Duong...

Vietnam’s total retail sales of consumer goods and services saw a year-on-year increase of 9.4% to more than 5.1 trillion VND (207.8 million USD) during January – October, the General Statistics Office said. Revenue from retail sales of goods was nearly 3.99 trillion VND. (Photo: VNA) Revenue from retail sales of goods was nearly 3.99 trillion VND, accounting...