Economy

The city will explore the potential for building appropriately sized logistics facilities to boost the capacity.

In early Q2/2024, Vietnam's real estate market is steadily recovered, with the launch of numerous projects in different segments and impressive sales.

The four factories in Vietnam contributed about 30% of the South Korean tech giant’s global revenue, totaling US$16.25 billion, up 12% on quarter.

The event will be attended by the representatives of between 50 and 60 foreign companies that are active in Hanoi.

Japan Business Pitch Vol.1 held in Hanoi aims to explore collaboration opportunities between Japanese and Vietnamese businesses, particularly in the manufacturing sector.

On average, about 4,265 new retail and institutional accounts were added to the market each day.

The Government’s stance is to encourage all forms of renewable energy, not just wind and solar.

In the first quarter, Vietnam saw a 12% increase in demand for gold investments and a 6% rise in consumer demand compared to the same period in 2023.

To date, 96 foreign providers have registered for taxes through the electronic information portal, including Google, Meta (Facebook), Microsoft, TikTok, Netflix, and Apple, among others.

In 2023, the flow of cryptocurrencies into Vietnam amounted to US$120 billion.

The Vietnamese government is expected to adopt policies that encourage the collection, recycling and reuse of materials to minimize the depletion of natural resources and reduce plastic waste.

Bilateral trade between the two countries amounted to US$38.6 billion in the first four months of 2024, with the US remaining Vietnam's largest export market.

In the first five months of 2024, Hanoi's export turnover of goods experienced positive growth, estimated at US$7.1 billion, up 7.7% year-on-year.

The finance ministry now manages 144 million e-commerce accounts, including 10 million for organizations and 134 million for individuals

The country, however, ran a trade deficit of US$1 billion in May, the first in nearly two years.

Vietnam prioritizes deep processing and refining of essential minerals to support its domestic industries.

E-commerce and livestream sales are activities that have arisen in the development of information technology.

The city has hosted a series of meetings and dialogues to resolve difficulties and obstacles in a wide range of areas, including procedures, land policy and taxation.

Factory expansion plans, the launch of new products, and the prospect of continued growth of new business all supported confidence in the year-ahead outlook for production.