Hai Duong strives to become a modern industrial province, a dynamic industrial center of the Red River Delta, and to be a major economy in the country by 2030.
03/4/2025
Ho Chi Minh City
The Agency for Domestic Market Surveillance and Development has been officially transferred from the Ministry of Industry and Trade to the Provincial/Municipal People's Committees, in accordance with Resolution 18-NQ/TW of the 12th Party Central Committee.
Vietnam has transformed from a centrally planned, struggling economy with a GDP per capita of just US$96 in 1989 to a rapidly growing country expected to achieve upper middle-income status by the end of 2025, with GDP per capita surpassing US$5,000. The private sector has played an important role in this success.
2024 was considered an important milestone of Binh Duong foreign trade when the trade surplus was estimated at US$10 billion. In addition, industrial production expanded quite well, driven by the optimistic recovery of key industries.
Vietnamese small businesses experienced a successful 2024, with 82 per cent reporting growth, up from 77 per cent in 2023 - the country’s highest result since 2019, according to CPA Australia’s annual small business survey.
As part of the Thailand Trade Representative’ visit to Vietnam, Mr. Umesh Pandey met with the management board of MM Mega Market Vietnam (MM), a strategic retail brand belonging to BJC BIGC Group – a leading Thai investor in Vietnam.
Effective February 18, 2025, low-value imported goods (under VND1 million) sent via express delivery services is longer exempt from value-added tax (VAT), as stipulated in Decision 01/2025 issued by the Prime Minister.
Women entrepreneurs are shaping Vietnam’s economic future, yet many continue to face significant challenges due to a lack of training and financial resources, as well as sustained gender prejudice.
Megadeal momentum returns to the market - but dealmakers will need to expect the unexpected.
Regarding improving farmers' lives, the Chairman of the City People's Committee requested to focus on solutions to strive for the average income of farmers in rural areas to reach 80 million VND/person/year by 2025. Strengthen socialization to mobilize the participation of the community and businesses in supporting livelihoods for poor and near-poor households.
This major international event focuses on the integration of AI and semiconductors, offering access to the latest industry insights, cross-border business networking opportunities, and reinforcing Vietnam’s role in the global semiconductor and AI value chain.
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