Trade - Service

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.

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.

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.

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

The explosion of e-commerce has brought with it counterfeit goods and intellectual property infringements, as well as the need to protect consumer rights.

The move is aimed at stabilizing the gold market.

On the positive side, both the foreign-invested and domestic sectors recorded good export growth.

Funds should be allocated to major transformative projects to maximize the efficiency of the investment and streamline procedures.

As a long-term solution, experts urged the State Bank of Vietnam (SBV) to consider revising Decree 24 on gold market management and ending the monopoly on SJC gold bars.

The Labor Code stipulates that workers should not work more than eight hours per day and 48 hours per week under normal conditions.

The program is designed to drive consumer spending with quality products at discounted prices.

Vietnam considers Japan a first-rate and long-term partner.

The Vietnamese Government remains committed to helping investors overcome challenges, turn risks into opportunities, and achieve rapid and sustainable development.

Vietnam's outbound tourism continues to show positive growth even in the face of current economic challenges.

The program is designed to enhance the cross-border e-commerce capabilities of leading export-oriented industries in partnership with key industry associations.

The Japan Business Federation (KEIDANREN) considers Vietnam one of its most important partners and is committed to cooperation in digital and green transformation.