Vietnam's banking technology infrastructure has advanced significantly, improving performance and meeting customer needs in the digital age. However, further innovation is needed to sustainably grow and meet rising market demands.
The authorities have consistently identified and confiscated numerous products bearing counterfeit of well-known brands. These violations not only result in economic losses for businesses but also tarnish their reputation and brand image.
With Donald Trump’s re-election as U.S. president, U.S.-China trade tensions could escalate, and tariffs on Chinese goods could hit 60%.
As of November 15, Viet Nam's total import-export turnover reached US$681.48 billion, a year-on-year increase of 15.7 percent, reported the General Department of Viet Nam Customs.
The insurance industry is currently grappling with huge challenges, driven by both external and internal factors, resulting in negative growth.
The Ministry of Industry and Trade (MoIT) warned about risks associated with shopping on unregistered cross-border e-commerce platforms in Vietnam, raising concerns over product quality, data security and tax obligations.
The digitalization rate of the banking industry, a pillar of the economy, is exceptionally high and experiencing strong growth.
While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
Overseas shipment of aquaculture totalled over US$1 billion in October, 2024, up 28 percent against the same period last year, according to the Viet Nam Association of Seafood Exporters and Producers (VASEP).
Viet Nam ran a trade surplus of US$2.7 billion with the Philippines in the first nine months and the fgure is expected to increase to over US$3 billion by the end of 2024, according to the General Department of Viet Nam Customs.
After five years, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has expanded Vietnam's trade with key markets, particularly in the Americas, including Canada, Mexico, Chile and Peru.
Vietnamese
10/12/2024
Hanoi, Ho Chi Minh City
