Economic and trade cooperation is a highlight in Việt Nam - China relations, showing strong and steady growth, said Vietnamese Trade Counsellor in China Nông Đức Lai in an interview with the Vietnam News Agency.
Việt Nam''s total retail sales of consumer goods and services reached VNĐ6.4 quadrillion (US$252 billion) in 2024, marking a year-on-year increase of 9 per cent, according to the General Statistics Office (GSO).
Taking into consideration all the factors, the 8 per cent GDP growth target is undoubtedly ambitious and will be challenging to achieve. As a highly open economy, Việt Nam is particularly vulnerable to global economic fluctuations and risks.
The project to build and operate the infrastructure of Xuân Cẩm - Hương Lâm Industrial Park Phase 1 covers an area of 102.85 hectares and is located in Hiệp Hòa district, in Bắc Giang province.
The logistics industry’s business community has expressed optimism about growth prospects in 2025, with nearly 42 per cent of companies surveyed by Vietnam Report JSC affirming that their business outlook will be more positive.
In 2023, Việt Nam’s hardware and electronics exports reached $113.3 billion, a sharp 15.1 per cent decline from $133.6 billion in 2022. However, 2024 has witnessed a robust rebound, with export revenue surging by nearly 16.8 per cent.
China imports over 90 per cent of Việt Nam''s durians, but recently, fraudulent activities involving planting area codes and packaging facility codes have emerged.
Many businesses have achieved remarkable growth by leveraging e-commerce platforms, while cross-border retail sales have surged with increasing participation from small and medium-sized enterprises (SMEs).
Domestic and international stakeholders shared experiences and proposed policies to transition Vietnamese industrial parks to smart and sustainable models at a forum on HCM City.
The Việt Nam International Baby Products & Toys Expo and the Việt Nam International Gift and Housewares Expo opened at the Saigon Exhibition and Convention Centre in HCM City on December 18.