Vietnam has signed free trade agreements (FTA) with more than 60 markets, including major economic partners such as China, the European Union (EU), the Republic of Korea, Japan, the UK and Russia.
Vietnam has become a promising destination for international retailers as the size of the market has surpassed US$180 billion
Hyosung Group, a South Korean industrial conglomerate, has announced a plan to invest $720 million in a biotech fiber manufacturing plant in Vietnam.
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NVIDIA, the world's largest chip manufacturer, wants to establish a chip production center in Vietnam to assist the Southeast Asian country in developing a semiconductor and artificial intelligence ecosystem.
Fitch Ratings has upgraded Vietnam's Long-Term Foreign-Currency Issuer Default Rating to 'BB+', from 'BB', with a stable outlook, according to Friday statement from Fitch.
Bilateral trade between Vietnam and the United States reached $100.62 billion in the first 11 months of 2023, despite a global trade slump.
A consortium of T&T transport infrastructure development and investment company and CIENCO4 Group JSC won the bid to invest in the Public-Private Partnership airport worth VND5.82 trillion ($239.408 million) in Quang Tri.
State budget collection from import-export activities topped VND335.1 trillion ($13.8 billion) in 11 months, or 78.9% of the estimate, down 16.8%, according to latest report from the General Department of Vietnam Customs.
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