The supply chain operations in Vietnam are undergoing significant transformation driven by digitisation, infrastructure development, sustainability efforts, and global integration. Embracing these trends will be crucial for businesses to enhance their competitiveness, resilience, and efficiency in the dynamic global market of 2024. Read more
The Future of Logistics in 2024
In 2024, the logistics industry is poised for significant transformation driven by technological advancements, a focus on sustainability, and the continued growth of e-commerce. Companies will need to adapt to these changes by embracing innovation, enhancing supply chain resilience, and leveraging data to make informed decisions. The integration of advanced technologies and collaborative platforms will be essential for staying competitive in this dynamic landscape. Read more
Vietnam cuts VAT to 8% till Year end 2024
The Government of Vietnam issued a decree on June 30, reducing the value-added tax (VAT) on goods and services from July 1 to December 31 2024.
This move follows a National Assembly resolution adopted on June 29. Read more
Vietnam Import and Export Statistics in 2024
Economic Overview
Vietnam’s import and export activities opened with a $58.49 billion turnover of goods in the first quarter of 2023 . The central-to-market economy plan has transformed the country from one of the poorest into a lower-middle-income country. Since the Doi Moi reform period, the country’s five-year directive and indicative planning have resulted in rapid growth, earning Vietnam recognition as one of the most dynamic emerging countries in the East Asia region
The top contributors to Vietnam’s growth are the manufacturing, services, and agricultural sectors. The country’s ideal tropical climate and young workforce make it a lucrative destination for foreign investments, particularly in the tourism industry, including hotels and resorts Read more
Vietnam’s Agrifood Export Potential and Key Strategies for Success
Vietnam’s agrifood export market is expanding, presenting significant opportunities for trade businesses. To thrive globally, enterprises should track market trends, align with regulatory changes, meet compliance standards, and invest in R&D and innovation. Read more
Vietnam Agriculture 2024: Green Approach
Vietnam’s deepening international integration underscores the agricultural industry’s commitment to global standards and shared responsibilities. Vietnamese agriculture is diligently translating its efforts into comprehensive actions. Read more