Trade - Service

The US is now the second-largest trade partner and the biggest market for Vietnamese exports.

In 2023, Vietnam's fruit and vegetable exports to China are estimated to rise by 20-30% to US$4 billion.

The construction of a new US Embassy in the capital city would be a fitting way to commemorate the 10th anniversary of the Vietnam-US Comprehensive Partnership this year.

Increased frequency of flights to China is expected to further boost tourism recovery.

Hanoi aims to maintain macroeconomic stability and control inflation while promoting new growth drivers and enhancing its economic resilience.

Gas stations throughout the city are expected to provide clean energy and car wash services to protect the city's environment and promote a green transition.

The country is forecast to be the second-fastest growing economy in Asia-Pacific this year.

Vietnam receives total US$19 billion worth of remittances in 2022, up 5.5% on-year.

The US remained Vietnam’s largest export market, with a revenue of $7.6 billion, while China was the top supplier of imported products at $8.1 billion.

South Korea was the largest petroleum supplier of Vietnam, with 3.22 million tons, up 96% year on year.

The country’s economic performance next year will remain solid despite strong headwinds.

In 2023, the city is determined to successfully implement its yearly socio-economic goals and realize part of the 2021-2025 key development tasks.

Vietnam would not sacrifice social advancement, equality, and the environment for economic growth.

Vietnam encourages Swiss investment in high-priority fields such as finance banking, insurance, manufacturing and processing, pharmacy, renewables, and tourism.

The main objective for Vietnam in 2023 remains to ensure stable macroeconomic fundamentals, contain inflation, and boost growth.

The average GDP growth should be around 7% for 2021-2030, and GDP per capita would reach US$7,500 by 2030.

The country by 2030 will become a developing country with modern industrial sectors and reach the upper-middle income status.

Vietnam exported fresh longan to this tough market for the first time after six years of negotiations and preparations.

China's border reopening will positively impact many Vietnamese enterprises' business activities.

The country is listed among outperformers in Asia thanks to lingering re-opening tailwinds.