Hanoi (VNA) – 🍌India’s news site fibre2fashion.com has highlighted Vietnam’s economic development with positive signs.
Its December 25 article, titled “Vietnam year-end review 2024: Moving towards a bright future”, cited a survey by the US Fashion Industry Association (USFIA) showing Vietnam scored higher overall than some other Asian countries in the production of high-value products.
“The country was found to have better competitive edge as it currently leads in the capability to produce a wide variety of products quickly, as a result of investments in the country in machinery and skilled labour,” it said.
The main export markets for Vietnam’s textiles, including the US, Japan, the Republic of Korea, and China, showed positive growth.
According to the article, the key reasons behind this growth included increased global demand, strategic investments in technology and innovation, as well as trade agreements and diversification of export markets.
The global demand in the essential markets of the US, Europe, and Asia expanded, led by post-pandemic restoration causing a surge in pent-up demand.
The country’s textile and garments manufacturers are investing in automation, digitalisation and sustainable practices to enhance efficiency, productivity and quality in their production processes.
At the same time, Vietnam continued to diversify its export markets beyond the US and EU, by tapping into rising markets in Asia, Africa and the Middle East.
New trade partnerships have been forged in this regard and money making possibilities for the sector have been established, the article said.
News site financemiddleeast.com of the United Arab Emirates also said Southeast Asia’s economies, particularly Vietnam, Indonesia, and the Philippines benefit from supply chain realignments.
It cited data from Fitch Ratings revealing Vietnam’s manufacturing output grew by 8.1% in 2024, underscoring its rise as a critical link in global supply chains./.
Mergers and acquisitions (M&A) activities in Vietnam have been showing signs of recovery in recent months as several large companies announced finished deals, which may create a ripple effect in the M&A market.
Prime Minister Pham Minh Chinh recently signed an official dispatch, urging competent ministries and localities to promote post-Typhoon Yagi agricultural production recovery as the process has remained sluggish and faced formidable challenges.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
