Cashew nuts are one of the exports which have created a large market for Vietnam, however, the industry faces the risk of trade deficit due to higher raw material prices.
VOV.VN - Vietnam’s shrimp exports during the eight-month period of the year to China soared by 21% to reach US$477 million against the same period from last year, according to figures released by the General Department of Vietnam Customs.
International organisations have maintained their robust growth forecasts for Vietnam this year as the economy has bounced back strongly despite external uncertainties and extensive damage caused by Typhoon Yagi.
Vietnam has so far attracted 3,500 foreign direct investment (FDI) projects in the garment - textile industry with a combined value of US$37 billion, according to the Vietnam Textile and Apparel Association (VITAS).
VOV.VN - Typhoon Yagi caused a major impact on the Vietnamese manufacturing sector during September, causing the Vietnam Manufacturing Purchasing Managers' Index (PMI) to drop below the 50.0 no-change mark in September, according to the S&P Global.
VOV.VN - Many transportation businesses are currently striving to build green logistics and environmentally friendly supply chains to achieve a competitive advantage in the market.
Prime Minister Pham Minh Chinh on September 30 asked competent ministries, sectors, Ho Chi Minh City and Da Nang city to clearly define the scope and operating model of regional and international financial centres to be established in Vietnam.
Prime Minister Pham Minh Chinh received Nick Clegg, President of Global Affairs at Meta, in Hanoi on September 30, speaking highly of the US-based technology multinational’s practical and effective contributions to the Vietnamese economy as well as the two countries' relations.
An economist of the Asian Development Bank (ADB) has emphasised the need to strengthen the resilience of the Vietnamese economy against natural disasters given the devastating consequences of Typhoon Yagi, the strongest to hit Vietnam in decades, and its aftermath.
Minister of Industry and Trade Nguyen Hong Dien has called on China to foster investment cooperation with Vietnam, given the country’s favourable geographical location and signing and negotiations of various free trade agreements that China could capitalise on.