Weekly News Bulletin - No. 02, March 2024

Vietnam’s exports of hardware and electronic products is expected to stand at $135 billion this year, according to the Ministry of Information and Communications (MoIC).

Revenue in the information and communications technology (ICT) sector in the first two months of the year reached over VND598 trillion ($24.4 billion), up 25 per cent year-on-year.

Vietnam attracted $4.29 billion in foreign direct investment (FDI) in the first two months of 2024, a year-on-year surge of 38.6%. Notably, several large-scale projects were granted investment registration certificates in February, such as Trina Solar Cell project in Thai Nguyen province and the Gokin Solar Hai Ha Vietnam project in Quang Ninh. In the southern key economic region, a series of FDI projects were licensed in labour-intensive industries and those that use new and environmentally friendly technologies. Dong Nai topped the localities with 27 foreign-invested projects worth $439 million

Last week highlight

The Incheon Port Authority (IPA) announced on March 6 that international shipping group Maersk had launched a PH5 service from Incheon Port to Vietnam, China and Thailand starting from March 4. According to an official from the IPA, the number of trips making calls in Vietnam and Thailand has increased to 29, creating opportunities for small and medium-sized enterprises (SMEs) to expand their export markets and providing shippers and freight forwarders in urban areas with more options.

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Let’s look at some other key financial and business headlines during the past week

Weekly News Bulletin - No. 01, December 2023

Vietnam’s exports of textile and garment products to Australia in the first ten months of the year rose 8 per cent year-on-year, according to the General Department of Vietnam Customs.

Weekly News Bulletin - No. 04, November 2023

The northern province of Quang Ninh took the lead nationwide in foreign direct investment (FDI) attraction in the January-November period, with nearly 3.11 billion USD.

Weekly News Bulletin - No. 01, February 2024

The strong recovery of industrial production, the exponential rise in exports, abundant goods supply, and good revenue from services in January paint a rosy picture for the domestic industry and trade sector this year, heard an online conference held by the Ministry of Industry and Trade (MoIT) on February 16. Ngo Quang Trung, head of the MoIT’s Agency for Regional Industry and Trade, reported that...