Thông tấn xã Việt Nam
Business-Integration
Textile & garment exports up 15% in January-February
Textile & garment exports up 15% in January-February

General Statistics Office figures reveal that Vietnam earned 5.2 billion USD from exporting textile and garment products in the opening two months of 2024, a 15-percent increase compared to the same period of 2023. The figure puts textiles and garments in fourth position in terms of revenue-generating sectors.

PMI exceeds 50, Vietnam’s manufacturing demonstrating ongoing improvements
PMI exceeds 50, Vietnam’s manufacturing demonstrating ongoing improvements

Vietnam’s Purchasing Managers’ Index (PMI) hit 50.4 points in February, up slightly compared to the 50.3 points recorded in January and above the 50-point threshold for the second month in succession.

State-owned enterprises outperform 2023 business plans
State-owned enterprises outperform 2023 business plans

State-owned enterprises had basically gone ahead business and production plans in 2023, according to the Ministry of Planning and Investment.

Four commodities with export value of over 5 billion USD
Four commodities with export value of over 5 billion USD

In the first two months of 2024, four commodities of Vietnam posted export value of over 5 billion USD, accounting for over 52% of the country's total export turnover, according to the General Statistics Office of Vietnam.

Vietnam's economy in first two months of 2024
Vietnam's economy in first two months of 2024

In the first two months of 2024, economic indicators paint a dynamic picture for Vietnam with the Consumer Price Index (CPI) surging by an average of 3.67%, core inflation increasing by 2.84% and total registered foreign investment reaching nearly 4.29 billion USD.

Vietnam's agro-aquatic-forestry exports reach nearly 10 billion USD
Vietnam's agro-aquatic-forestry exports reach nearly 10 billion USD

In the initial two months of 2024, Vietnam's agro-aquatic-forestry exports reached an impressive 9.84 billion USD. This marks a substantial surge of 50.3% compared to the same period in 2023.

Vietnam’s FDI inflow surges 38.6% in two months
Vietnam’s FDI inflow surges 38.6% in two months

Total newly-registered foreign investment capital, adjusted and contributed capital to buy shares and buy contributed capital of foreign investors totalled 4.29 billion USD as of February 20, up by 38.6% compared to the same period in 2023. The disbursement of FDI capital is projected at some 2.8 billion USD, reflecting a 9.8% increase against the same period last year.

Shrimp exports expected to grow slightly in 2024
Shrimp exports expected to grow slightly in 2024

Vietnam’s shrimp exports are expected to recover this year and slightly increase by between 10 and 15%. Export turnover is believed to reach 4-4.3 billion USD.

Coffee exports set to account for 80-85% of total production by 2030
Coffee exports set to account for 80-85% of total production by 2030

The Ministry of Agriculture and Rural Development has set a target of Vietnam’s total coffee plantation area reaching 640,000 - 660,000 hectares by 2030, with exports expected to account for 80-85% of the country’s total production.

Int’l organisations upbeat about Vietnam’s 2024 GDP growth
Int’l organisations upbeat about Vietnam’s 2024 GDP growth

The Asian Development Bank (ADB), Bloomberg, and HSBC have all forecast that Vietnam’s GDP growth could reach 6 percent in 2024. Standard Chartered Bank, meanwhile, has forecast 6.7 percent, surpassing Vietnam’s own growth target of 6-6.5 percent.

Vietnam aims for 800,000 - 850,000 ha of rubber by 2030
Vietnam aims for 800,000 - 850,000 ha of rubber by 2030

The Ministry of Agriculture and Rural Development is aiming for Vietnam’s total rubber plantation area to reach some 800,000 - 850,000 ha by 2030, with 100% of rubber latex and wood to obtain planting area codes for product origin traceability.

Vietnam striving to reach pepper production of 180,000 - 230,000 tons by 2030
Vietnam striving to reach pepper production of 180,000 - 230,000 tons by 2030

The Ministry of Agriculture and Rural Development has set a goal of the total pepper cultivation area nationwide standing at 80,000 - 100,000 ha by 2030, with a production target of 180,000 - 230,000 tonnes.

Vietnam the world’s second-largest shoe exporter
Vietnam the world’s second-largest shoe exporter

Vietnam ranked second in the world, just after China, in footwear exports, with 1.5 billion pairs shipped overseas and a presence in 150 markets in 2022. Footwear exports last year brought in over 20.2 billion USD, marking the 26th consecutive year, since 1998, that footwear exports have been in the billion-dollar category.

Vietnam’s economic performance in January 2024
Vietnam’s economic performance in January 2024

The consumer price index (CPI) increased 3.37% in the opening month of 2024, foreign direct investment 40.2%, international arrivals 73.6%, and the Index of Industrial Production (IIP) 18.3%.

Socio-economic development targets in 2024
Socio-economic development targets in 2024

The National Assembly’s resolution on the socio-economic development plan for 2024 sets a target of 6.0-6.5% growth in gross domestic product (GDP) for the year, while per capita income is expected to reach 4,700-4,730 USD.

January FDI up 40.2%
January FDI up 40.2%

Total newly-registered foreign investment capital, adjusted capital, and capital contributed to buy shares and buy contributed capital of foreign investors in January totalled 2.36 billion USD as of January 20, an increase of 40.2 percent compared to 2023.