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
Vietnam Foreign Trade Continues Recovery in 2024
Vietnam’s foreign trade has continued to rebound in the first four months of 2024 following a major trade slump recorded in 2023, according to the latest data released by the General Statistics Office (GSO).
Both imports and exports witnessed significant growth as demand in key export markets ratchets up and domestic economic activity continues to recover following the COVID-19 pandemic. Read more
Vietnam Tourism Marketing Strategy to 2030
To position Vietnam as the leading attractive tourist destination in Southeast Asia, as set out by the Vietnam Tourism Marketing Strategy to 2030, the role of tourism promotion is indispensable. Read more