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Vietnam's 11-month trade volume reaches over $600 billion

Trade between Vietnam and the rest of the world hit $619.17 in the first eleven months of this year, according to the Ministry of Industry and Trade.

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Vietnam receives over 11.2 million visitors in 11 months

Over 11.2 million foreigners have visited Vietnam in the last 11 months, which is a 280.2% rise from the same time last year.

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Jan.-Nov. trade surplus reaches $24.44 billion

Statistics from the General Statistics Office (GSO) show that as of November 15, 2018, Vietnam had a trade balance of US$24.44 billion.

News

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Vietnam-U.S. 11-month bilateral trade exceeds $100 billion amidst global trade slowdown

Bilateral trade between Vietnam and the United States reached $100.62 billion in the first 11 months of 2023, despite a global trade slump.

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T&T and CIENCO4 win PPP bid to invest in $239.4 mln airport in Quang Tri

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.

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Jan.-Nov. State budget collection from import-export reaches  $14 bln, down nearly 17%

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.

Economy

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Vietnam to develop initiatives to sustain FDI flows

Vietnam will set up a support fund to encourage and lure strategic investors and multi-national groups, making it more attractive in attracting foreign direct investment.

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What does KIDO look for at shoppertainment?

Many unknowns when a food manufacturing company joins hands with TikTok to create a commercial entertainment channel.

Companies

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Bain Capital to invest additional $50 million in Masan Group

Bain Capital has increased its equity investment into Masan Group to $250 million from the previously announced $200 million, the Vietnamese private conglomerate said in an email statement.

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Vietnam retail giant Masan says investor tolerance for losses is fading

The era of cheap money and racking up losses to gain market share has ended, according to Vietnam's largest consumer goods company.

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Masan solves the tough problem of Vietnam's retail sector by using technology

Masan is Vietnam's only offline-to-online integrated retail consumer ecosystem that has its own platform for production and direct distribution to customers.

Market

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Construction ministry to auction 49% stake in Song Hong Corporation

The Ministry of Construction plans to auction 13.2 million shares in Song Hong Corporation, equivalent to 49.04% of capital, according to the Hanoi Stock Exchange's filing.

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Vietnam records three IPO listings raising $7 mln in the first 10.5 months

Vietnam raised $7 million, while Indonesia, Thailand, and Malaysia collectively raised $5.4 billion through IPO listings in the first 10.5 months of 2023, according to the latest report from Deloitte.

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Strange dance of gold

The domestic gold market fluctuates as it is easily influenced by customer psychology regarding the scarcity of SJC brand gold bars.

Real Estate

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CapitaLand's unit buys 18.9ha residential project from Becamex IDC

Sycamore Company Limited, an arm of Singapore-based CapitaLand, has acquired the entire Tan Thanh Binh Duong Urban Area from Becamex for an undisclosed amount of money.

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Industrial real estate increases M&A attraction

The attractiveness of industrial real estate is attracting large cash flows from M&A.

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Vietnam's real estate companies' funds drop to their five-year low

As of the end of September 2023, the 30 biggest real estate companies in Vietnam had just over VND15 trillion in cash on hand, which was the lowest amount in five years.

World

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U.S. forced labor laws strain China-dependent garment supply chains

The garment industry's reliance on China for materials is presenting a major challenge as the U.S. "aggressively" cracks down on products with links to Xinjiang province, experts say.

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Workplace environment for women improved in Asia: study

The workplace environment for women in Asia including Vietnam has changed for the better in the past five years, according to Agoda’s newly-released “Women in the Workplace: Asia” study.

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Southeast Asia's internet economy growth to slow in 2023

Southeast Asia's internet economy is expected to grow 11% year-on-year in 2023, slowing from last year's growth of 20%, an annual industry report showed on Wednesday.