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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...

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.VAT ReductionThe VAT rate will be reduced from 10% to 8%, a cut that has been in place since 2022. However, this reduction does not...

Economic OverviewVietnam’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...

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.Export Performance and Market TrendsVietnam’s agrifood exports reached $24.14...

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.Green approach and multi-value integration are core production trends in the Vietnamese agricultural...

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...

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.In the context of many new tourism trends and needs, promotion and advertising work must also have new directions to affirm the position of Vietnam’s...

With rapid growth by the end of 2023, the tourism industry expects a strong breakthrough in 2024, welcoming 17-18 million international visitors, equal to that of 2019 – the “golden year” of Vietnamese tourism before the COVID-19 epidemic.This number shows the determination of the tourism industry to fully recover, while also posing...

Vietnam currently tops the Southeast Asian region in the number of students studying abroad, according to the Southeast Asia Key Trends Report 2024 by Acumen, an international education consulting organisation.Demographics, income growth, supply-side constraints, as well as relentless demand from parents for high-quality education are all factors...

Vietnam Construction Machinery Market Share, Trends, Demand, Growth Drivers, Opportunities, Key Manufacturers and Future Competition Till 2033Market OverviewVietnam’s construction machinery market has witnessed robust growth over the past decade, buoyed by extensive infrastructure projects and burgeoning real estate developments. As the...