The newswire outlined that this delicate act has allowed Vietnam to safeguard its economic interests, while promoting growth opportunities in key industries, especially technology. A notable milestone is NVIDIA’s recent acquisition of VinBrain, featuring Vietnam’s burgeoning tech sector and its pivotal role in global innovation. This acquisition not only underscores the potential of Vietnamese tech...
According to the General Statistics Office, in November, the total preliminary import and export turnover of goods reached 66.4 billion USD, down 4.1% compared to the previous month and up 9.0% compared to the same period last year. In the first 11 months of 2024, the total preliminary import and export turnover of goods reached...
According to the World Trade Organization (WTO), total global export turnover in 2023 reached 23.8 trillion USD, down 5% compared to the previous year. About 20 out of the world’s top 30 exporting countries recorded a decrease in export value. The number of global trade restrictions has increased nearly 5 times since 2015, reaching nearly...
On the morning of December 14, the first meeting of the National Steering Committee on Semiconductor Industry Development took place. At the meeting, Minister of Planning and Investment Nguyen Chi Dung said that, in the trend of diversifying supply chains and complicated geopolitical developments in the world, Vietnam is emerging as an attractive destination for...
Import-export turnover in 2024 is expected to reach 782 billion USD, the highest level ever, according to the General Department of Customs. According to the General Department of Customs, Vietnam’s import-export value as of December 14 reached nearly 745.4 billion USD. Of which, exports were 384.4 billion USD, while imports were nearly 361 billion USD....
NVIDIA has committed to investing 4 – 4.5 billion USD in the next 4 years, creating about 4,000 direct jobs and 40,000 – 50,000 indirect jobs. According to Minister Nguyen Chi Dung, in the context of countries promoting supply chain diversification and complex geopolitical fluctuations in the world, Vietnam is emerging as an attractive destination...
According to VNDirect Research, MSC – the world’s second largest container shipping line, headquartered in Switzerland, is planning to invest in the Can Gio international transit port project. This project is proposed by Saigon Port Corporation (SGP) and TIL – a subsidiary of MSC. Previously, MSC shared the Tanjung Pelepas transit port in Malaysia with...
The U.S. Geological Survey states that bauxite deposits are mainly found in tropical regions, the Mediterranean, and the equatorial belt. Countries with significant bauxite deposits include Australia, Central and South America (Jamaica, Brazil, Suriname, Venezuela, Guyana), Africa (Guinea), Asia (India, China, Vietnam), and Europe (Greece, Russia). Bauxite is a type of aluminum ore. From bauxite,...
With its rising costs, China is no longer the go-to destination for many businesses, and Vietnam has arisen as a serious competitor. Recent trends show that the number of orders shifting from China to Vietnam has seen a significant increase. In the past few years, a growing number of businesses have relocated their operations from...
In the first half of 2024, bilateral trade between Vietnam and China approached the US$100 billion mark, with Vietnam exporting US$27.8 billion worth of goods to China, a 5.3 percent increase from the previous year. Imports from China reached US$67 billion, resulting in a trade deficit of US$39.2 billion for Vietnam, a 67.9 percent increase....
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