The Vietnam Textile and Apparel Association wants to make 44 billion USD from exporting textiles and clothing by 2024. Things have been going well since the last quarter of this year.
Vietnam's parliament is set to approve a top-up tax for multinationals, which will raise the effective rate of the corporate levy to 15% from January in line with a global agreement.
Labor exports can solve the unemployment problem, but for the long term, it may affect the ability to attract foreign investment.
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Although bilateral trade has gone down in the last two years—by 9.7% to $13.3 billion in 2022 and by 6.5% to $9 billion from January to September—it is still growing.
The municipal Department of Tourism in Ho Chi Minh City said that as of next year, the city hopes to welcome 6 million foreign tourists who will spend 7.8 billion USD.
Japanese trading company Sojitz will purchase Dai Tan Viet, Vietnam's largest wholesale distributor of food to businesses joining the rush of multinationals investing in a market primed for modernization and growth.
Despite increasing export earnings so far this year, the coffee industry is recommended to improve the quality and competitiveness of their goods in order to better dominate the global market.
Infrastructure, planning and a market mechanism were among key issues that must be addressed in order to develop a market for liquefied natural gas (LNG) in Vietnam.
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