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Updated: 51 min 37 sec ago

US-based Pacifico Energy commits to expand investment in Vietnam

Thu, 03/13/2025 - 14:30
The group focusing on energy sector, including multi-billion-dollar offshore wind projects.

Chairman of US-based Pacifico Energy (PE) Nate Franklin highlighted PE’s commitment to expanding its investment in Vietnam’s energy sector, including multi-billion-dollar offshore wind projects, during a meeting with Prime Minister Pham Minh Chinh in Hanoi on March 12, according to a report from the Vietnam News Agency.

Mr. Franklin stressed that Vietnam possesses uniquely advantageous wind energy resources, with its long coastline, strong wind speeds, and a seabed topography well-suited for offshore wind farm construction.

PM Chinh welcomed PE’s plan and commitment to investing in Vietnam’s energy sector, particularly its survey for an offshore wind power project in the south central coastal province of Binh Thuan.

The Government leader encouraged PE to expand investment and collaboration with Vietnamese businesses in green transformation, clean energy, and renewable energy, particularly regarding offshore wind and solar power projects.

He also called for the company’s investment in Vietnam’s electricity grid and transmission infrastructure to bolster energy security.





-Vân Nguyễn

South Korea leads FDI in Hai Phong's industrial zones

Thu, 03/13/2025 - 14:00
With 111 projects totaling $13 billion, South Korean investment accounts for over 46% of the total FDI in the northern port city’s industrial zones.

Of the 42 countries and territories investing  in Hai Phong's industrial parks and economic zones, South Korea currently leads in both the number of projects and total registered investment capital.

With 111 projects totaling $13 billion, South Korean investment accounts for over 46% of the total FDI in the northern port city’s industrial zones.

Recently, Jeil Group, a leading South Korean enterprise, held the groundbreaking ceremony for the Jeil Logistics 1 project in Nam Dinh Vu Industrial Park. The project, which received its investment registration certificate at the end of 2022, has a total investment of over $44.5 million and spans nearly 80,000 square meters of land.

According to Jeil Group’s CFO Kim Eun Sook, Hai Phong’s unparalleled advantage of housing the largest deep-water seaport in Northern Vietnam and offering connectivity across five modes of transportation was a decisive factor for the company to establish a state-of-the-art logistics center powered by advanced Korean technology.

Meanwhile, leaders of South Korean enterprises in Trang Due Industrial Park, during a recent working session with a delegation from the Hai Phong Economic Zone Authority, shared that they are accelerating plans for new projects slated for 2025.

The Hai Phong Economic Zone Authority highlighted that South Korea not only leads in total investment capital but also contributes significantly to high-tech industries within Hai Phong. These investments focus on participation in the global supply chain, particularly in sectors such as electronics, automotive parts, and machinery manufacturing.

Mr. Le Trung Kien, Head of the Hai Phong Economic Zone Authority, emphasized that the potential for attracting FDI to Hai Phong remains immense, especially as the Southern Coastal Economic Zone undergoes infrastructure development. 

-Bạch Dương

Agritechnica Asia Vietnam 2025 held in HCM City

Thu, 03/13/2025 - 11:00
Vietnam and EU countries hold the potential for multifaceted cooperation in areas like food safety, capacity-building in training, and the adoption of mechanization and digital transformation.

Projections for 2025 suggest that Vietnam's vegetable and fruit exports could reach $8 billion.

To achieve this ambitious goal, the industry must transition to green, clean, and circular production practices. Strengthening international cooperation will also be a key driver in promoting sustainable agriculture and enhancing the value of agricultural exports.

These insights were shared by Deputy Minister of Agriculture and Environment Tran Thanh Nam, at the opening ceremony of the Agricultural Technology Exhibition (Agritechnica Asia Vietnam 2025), held from March 12-14, 2025, in Ho Chi Minh City, theming "Green Innovation".

Mr. Nam highlighted the agricultural sector's vital role in the Vietnamese economy, which recorded a GDP growth of 3.3% in 2024 and achieved a total export value of over $62 billion.

"International events held in Vietnam provide critical opportunities to connect manufacturers, distributors, farmers, and organizations in applying mechanization to agricultural production and business. This is one of the important solutions identified to advance towards a green, modern, and sustainable agricultural sector," he stated.

The Deputy Minister also emphasized the potential for multifaceted cooperation between Vietnam and EU countries, particularly in areas like food safety, capacity-building in training, and the adoption of mechanization and digital transformation.

Mr. Daniel Stork, Consul General of the Kingdom of the Netherlands in Ho Chi Minh City, expressed similar sentiments. He praised Vietnam's cultivation sector and stressed the importance of continuous innovation to meet the rising standards of sustainability and traceability. He affirmed the Netherlands’ commitment to supporting Vietnam in this process.

Adding to the discussion, Ms. Katharina Riehn, Vice President of the German Agricultural Society (DLG), noted DLG's pioneering efforts in advancing global agriculture by fostering collaboration among farmers, scientists, policymakers, and businesses. She pledged to work with Vietnamese institutions to introduce innovative approaches in food safety, contributing to transformative changes in Vietnam’s production value chain.

-Minh Huy

First 55km of Ben Luc - Long Thanh expressway expected for completion by year end

Thu, 03/13/2025 - 09:30
The expressway connecting Ho Chi Minh City and the neighboring provinces of Long An and Dong Nai.

The first 55km of the Ben Luc – Long Thanh expressway, which connects Ho Chi Minh City and the neighboring provinces of Long An and Dong Nai, is scheduled to complete by the end of this year, according to the latest report from the Ministry of Construction.

It will help to fulfill the national goal of completing 3,000km of expressways by 2025.

Construction of the 58-km project started in 2014 and was slated for completion by October 2026 as a result of implementation delay. However, obstacles facing the implementation process have been handled and some 88.23% of the project volume has been completed.

The expressway has estimated investment capital of over VND29.58 trillion ($1.15 billion).

The four-lane expressway, not including two emergency lanes, allows a maximum speed of 100 km/h in the first phase.

 

 

 

-Thanh Thủy

Nam Dinh grants investment certificate to Vietnam-Singapore IP

Thu, 03/13/2025 - 09:00
VSIP Nam Dinh Industrial Park having total investment capital of nearly VND2.25 trillion ($88.2 million).

Secretary of the Party Committee of northern Nam Dinh province Dang Khanh Toan granted an investment certificate to the investor of Hai Long Industrial Park (VSIP Nam Dinh) project on March 12 in Singapore.

The certificate was granted to the Vietnam Singapore Industrial Park Joint Venture Co., Ltd (VSIP) on the occasion of the official visit to Singapore by Vietnamese Party General Secretary To Lam.

The project aims to construct and operate infrastructure of the industrial park on an area of approximately 180 ha, located in Giao Long and Giao Chau communes, Giao Thuy district.

The total investment capital for the project is nearly VND2.25 trillion ($88.2 million), with the investor's contributed capital accounting for VND337.4 billion (over $13.2 million).

The project is expected to commence in the third or early fourth quarter of 2025 and complete all infrastructure by the fourth quarter of 2027.

 

-Chu Khôi

PM asks for equitable financial access

Thu, 03/13/2025 - 08:00
Solutions including improving financial infrastructure facilities and IT application.

Prime Minister Pham Minh Chinh asked for greater efforts to effectively implement the National Financial Inclusion Strategy to 2025 with a vision until 2030 to ensure inclusive, comprehensive, and equitable financial access for people and businesses.

Chairing the second meeting of the National Steering Committee for Financial Inclusion in Hanoi on March 12, the PM highlighted the need to further improve financial infrastructure facilities and promote connections among them to build a cohesive ecosystem for providing financial products and services across economic sectors; and take solutions to ensure safety and information security;

He also instructed to complete legal framework to ensure a transparent and fair environment; strictly manage, promote development of and control services in the digital environment; develop synchronized, comprehensive, and inclusive finance and IT infrastructures across the country; and strongly promote cashless payments.

Financial inclusion should be implemented through digital platforms and fintech, with technologies like blockchain, AI, and big data playing a crucial role in creating new financial products and services, streamlining processes, reducing costs, expanding access, and improving the service quality, PM Chinh said.

-Tiến Dũng

Vietnam and Singapore promote collaboration in capital market and digital asset management

Thu, 03/13/2025 - 07:45
A Letter of Intent was signed between the two sides in Singapore on March 12.

The Monetary Authority of Singapore (MAS) and the State Securities Commission of Vietnam (SSC) have agreed to collaborate on building capacity to protect the integrity and stability of, and promote connectivity between, the capital markets of the two countries.

The two agencies agreed to collaborate on capacity building in support of the development of the digital asset regulatory framework for Vietnam.

The two sides signed a Letter of Intent (LOI) in Singapore on March 12 on the occasion of  Party General Secretary To Lam’s official visit to the city state.

The LOI will facilitate the sharing of information on regulatory frameworks for capital markets and digital assets, sharing of experience in anti-money laundering and counter-terrorism financing, and building of capacity as well as mutual sharing of experiences and frameworks for the regulation and supervision of capital markets and digital assets.

Mr Lim Tuang Lee, Assistant Managing Director (Capital Markets), MAS, said: “The exchange of this LOI reflects our commitment to support each other to protect the integrity and stability of our capital markets while promoting cross-border connectivity. This LOI will also allow MAS and SSC to learn from each other and foster deeper collaboration.”

Ms Vu Thi Chan Phuong, Chairperson of SSC said: “This LOI continues to affirm a new step forward, creating an important foundation for the two capital market regulators to strengthen cooperation, exchange expertise and share experiences to contribute to the development of the capital market in general and the digital asset market in particular, contributing to the goal of ensuring the integrity of the financial markets of the two countries and the region.”

 

-Thu Minh

Kien Giang province targets 2025 industrial production value of $2.52 bln

Thu, 03/13/2025 - 07:30
The province's industrial production value reaching VND8.1 trillion ($315 million) in the first two months.

Southern Kien Giang province registered industrial production value of over VND8.1 trillion ($315 million) in the first two months of the year, up 17.49% year-on-year, according to the provincial Statistics Office.

The Index of Industrial Production (IIP) rose 17.20%. Of which, the manufacturing and processing sector increased 17.84%, and the mining sector surged 17.59%.

The province aims to develop the industrial sector into a spearhead industry. Local authorities have actively implemented mechanisms and policies to support and tackle difficulties for businesses to boost production and trade, and expand markets.

The province targets an increase of 13.28% in industrial production value this year, equal to over VND64.69 trillion ($2.52 billion).

 

 

-Minh Huy

HCM City international financial center to be located at Thu Thiem New Urban Area

Thu, 03/13/2025 - 07:00
The financial center is projected to cover 9.2ha of Function Zone 1 in Thu Thiem New Urban Area

Ho Chi Minh City has proposed to build the International Financial Center in Thu Thiem New Urban Area in Thu Duc city.

The financial center will cover 9.2ha of Function Zone 1 of Thu Thiem New Urban Area.

​​Thu Thiem New Urban Area was approved in 1996, covering 930 ha on the east bank of the Saigon River and opposite District 1. The area is expected to have a population of 200,000.

Earlier, the Politburo had agreed to establish a comprehensive international financial center in the southern largest economic hub of HCM City and a regional financial center in the central city of Da Nang.

On March 5, the Prime Minister announced the Government’s resolution on promulgating action plan to implement the Politburo’s conclusion on developing regional and international financial centers in Vietnam.

The Ministry of Finance said the establishment of regional and international financial centers in Vietnam is necessary to help Vietnam connect with the global financial market, attract foreign financial institutions, and create new investment resources.

 

 

-Thiên Di

Vietjet Air launches Phu Quoc - Singapore direct air route

Wed, 03/12/2025 - 17:00
The air route was launched during Party General Secretary To Lam’s official visit to Singapore between March 11-13.

Budget carrier Vietjet Air on March 11 launched direct air route between  Vietnam’s Phu Quoc island and Singapore on the occasion of Party General Secretary To Lam's official visit to Singapore from March 11-13, according to a report from the Government News.

This is Vietjet Air's fourth direct air routes between the two countries, joining existing routes between Singapore and three of Viet Nam's centrally-run cities: Ho Chi Minh City, Hanoi, and Da Nang.

Phu Quoc island is well-known for pristine beaches, mild climate, and ample accommodation options ranging from the budget-friendly to ultra-luxurious. Additionally, the island offers a diverse range of experiences, including modern amusement parks, and safari experiences.

The latest route is expected to not only boost tourism but also strengthen economic, trade, and cultural cooperation between the two nations.

Vietjet Air will operate the new route with four flights per week, bringing the total number of weekly flights between Vietnam and Singapore to 78.

On the occasion, Vietjet Air and Carlyle Aviation Partners signed a $300 million financing agreement to support the purchase of aircraft scheduled for delivery between 2025 and 2026.

The deal will help Viejet Air to get over additional 400 new aircrafts to expand its fleet.

Vietjet Air and Satair, an Airbus Group subsidiary, penned a cooperation deal on the use of Integrated Material Services (IMS), a comprehensive material supply solution for Vietjet's entire fleet of Airbus A320 and A330 aircraft.

-Phạm Long

Vietnam, Singapore elevate bilateral ties to Comprehensive Strategic Partnership

Wed, 03/12/2025 - 16:00
The bilateral ties upgraded during Party General Secretary To Lam’s official visit to Singapore from March 11-13.

Vietnam and Singapore have agreed to elevate their bilateral relations to a Comprehensive Strategic Partnership.

According to a report from the Government News, the agreement was reached by Party General Secretary To Lam and Singaporean Prime Minister Lawrence Wong during their summit meeting on March 12.

At their talks, Prime Minister Wong spoke highly the great achievements of the bilateral ties over the past more than five decades since the establishment of diplomatic relations in 1973.

General Secretary To Lam, for his part, said he was pleasured to visit Singapore again in his new position on the occasion of special events of the two nations, including the 80th anniversary of Vietnam's National Day and the 60th anniversary of the Independence Day of Singapore.

The two leaders agreed to chart major directions and tasked their ministries and agencies to develop an action program to implement the newly upgraded Comprehensive Strategic Partnership.

Specifically, both sides agreed to focus on enhancing political trust through delegation exchanges at all levels, especially high-level ones; expanding and deepening economic, trade and investment cooperation; promoting cooperation in digital transformation, innovation, green economy, clean energy; strengthening cooperation in the fields of defense - security, culture, education, tourism and people-to-people exchanges.

General Secretary To Lam suggested Singapore expand the VSIP network towards innovation, low carbon emissions, and enhance cooperation in the fields of digital transformation and emerging technologies.

In reply, PM Wong said that Singapore would continue to support Vietnam in improving the quality of human resources, especially strategic-level officials, and effectively implement the Memorandum of Understanding on the Vietnam-Singapore Innovation Talent Exchange Program, and wants to send Singaporean students to Viet Nam to study, research and promote cultural and sports exchanges to increase mutual understanding between the two nations.

After talks, the two leaders witnessed the signing of cooperation documents in the fields of wind power trade, digital transformation, prevention and combat of transnational crimes, financial innovation, forging an important foundation to promote the Vietnam - Singapore Comprehensive Strategic Partnership in the coming time.

Up to now, Vietnam has established comprehensive strategic partnership with 12 countries, including China (2008), Russia (2012), India (2016), South Korea (2022), the U.S. (2023), Japan (2023), Australia (2024), France (2024), Malaysia (2024), New Zealand (2025), Indonesia (2025) and Singapore (2025).

-Vân Nguyễn

Number of centrally-run localities may be reduced by half through merger

Wed, 03/12/2025 - 15:00
Local administrations will be reorganized into two levels instead of current three levels

The Government Party Committee, at its meeting held on March 11 under the chair of Prime Minister Pham Minh Chinh, who is also its Secretary, focused discussion on a draft plan on reorganization of local administrative units.

The Prime Minister was quoted by the Government News as stating at the meeting that the reorganization of local administrative units targets to create new development space and bring into full play of unique advantages of each locality.

Under the draft plan, local administrations will be reorganized into two levels (provincial and grassroots levels) instead of current three levels (provincial, district and communal levels) and merged, to create a two-tier local governance to ensure streamlined, efficient and effective operations.

With this plan, the number of provinces and centrally-run cities will reduce by about 50 per cent while the number of grassroots-level administrative units will reduce by 60-70 per cent.

At present, Vietnam is divided into 63 provinces and centrally-run cities with 705 districts and 10,595 communes/wards.

The draft plan will be submitted to the Politburo and the Secretariat prior to March 27, 2025 and to the Party Central Committee before April 7, 2025 for consideration and approval.

Over the past few months, central agencies have been restructured with an aim to save budget for investment and to improve the efficiency and effectiveness of the State apparatus.

For Party agencies, the Party Central Committee decided to end the operation of the Central Commission for External Relations and transfer the its functions and tasks to the Ministry of Foreign Affairs.

The Party Central Committee also decided to end the operation of the Party Committee of the Central Agencies Bloc, the Party Committee of the Central Enterprises Bloc, the Party delegations and Party executive committees at central and provincial levels.

The Party Central Committee decided to establish four Party Committees directly under the Party Central Committee: The Party Committee of the Central Party Agencies; the Party Committee of the National Assembly, the Party Committee of the Government, the Party Committee of the Fatherland Front of Viet Nam and central mass organizations.

Under the Party Central Committee’s decision, the Party Central Committee’s Commission for Information and Education and its Commission for Mass Mobilization have been merged into the Party Central Committee’s Commission for Information, Education and Mass Mobilization.

The Party Central Committee decided to supplement new functions and tasks to its Economic Commission and change the commission’s name to the Party Central Committee’s Policy and Strategy Commission.

 

For the legislative branch, the National Assembly ended the operation of the Committee for External Relations and transferred its tasks to the Committee for National Defense and Security, the Office of the National Assembly, and the Ministry of Foreign Affairs.

The National Assembly renamed the Committee for National Defense and Security as the Committee for National Defense, Security and External Relations.

The National Assembly set up the Law and Judicial Committee by merging the Law Committee and the Judicial Committee; set up the Economic and Financial Committee by merging the Economic Committee and the Finance-Budget Committee; set up the Culture and Social Affair Committee by merging the Social Affair Committee and the Culture Committee.

For the executive branch, the Government has merged the following ministries: The Ministry of Planning and Investment and the Ministry of Finance have been merged into the Ministry of Finance; the Ministry of Transport and the Ministry of Construction into the Ministry of Construction; the Ministry of Agriculture and Rural Development and the Ministry of Natural Resources and Environment in the Ministry of Agriculture and Environment; the Ministry of Information and Communications and the Ministry of Science and Technology into the Ministry of  Science and Technology; and the Ministry of Labor-Invalids and Social Affairs and the Ministry of Home Affairs into the Ministry of Home Affairs.

The Government set up the Ministry of Ethnic Minorities and Religions on the basis of the Committee for Ethnic Minority Affairs receiving functions, tasks and structural organization from the Government Committee for Religious Affairs under the Ministry of Home Affairs.

-Vân Nguyễn

Vietnam-China trade turnover hits over $31 bln in 2M

Wed, 03/12/2025 - 14:00
China is Vietnam’s largest import market and the second-largest export market.

Two-way trade turnover between Vietnam and China reached over $31 billion in the first two months of this year, according to the National Statistics Office.

Vietnam’s export to China was estimated at $7.9 billion, down 2.1% year-on-year. Meanwhile, its import turnover amounted to $23.3 billion, up 20.7% year-on-year.

China is Vietnam’s largest import market and the second-largest export market. It is also the largest supplier of goods, especially raw materials for production, to Vietnam.

Vietnam-China trade reached a new record high of $205 billion last year. Of the total, Vietnam exported products worth $61.2 billion.

 

-Vân Nguyễn

Singaporean firms express interests to expand investment in Vietnam

Wed, 03/12/2025 - 11:15
Party General Secretary To Lam received major Singaporean enterprises during his visit to the city state between March 11 - 13.

Party General Secretary To Lam received representatives of outstanding enterprises in Singapore on March 11, as part of his ongoing visit to the city state from March 11-13.

They include leaders from Shangri-La Healthcare Investment, Hoa Lam Shangri-La Medical Co., Ltd, Temasek Holdings, Sembcorp Industries, Real Estate Division of Keppel Corporation, CMIA Capital Partners, and the Singapore Business Federation (SBF).

At the meeting, Singaporean enterprises expressed their desire to expand investment and operation in Vietnam, particularly in the fields of health technology, hi-tech and quality medical equipment production, renewable and green energy, green infrastructure, information technology, and smart city development.

Party leader Lam valued their investment in Vietnam and noted that Vietnam will continue to reform administrative procedures and support businesses in their investment activities in Vietnam.

He highlighted the priority to large-scale foreign direct investment (FDI) projects to drive innovation and economic progress.

 

-Tiến Dũng

Metro Line 2 in HCMC to be financed by state budget instead of ODA loans

Wed, 03/12/2025 - 11:00
The project is expected for completion by 2030.

The Standing Board of the Ho Chi Minh City Party Committee has just agreed in principle with a proposal from the city’s People’s Committee to shift funding for projected Metro Line 2 from official development Assistance (ODA) loans to the state budget.

The move is aimed at accelerating the project’s progress.

Additionally, the project’s scope will be expanded to include the integration of Metro Lines 1 and 2 at the Ben Thanh central station, facilitating seamless connectivity.

The Standing Board has tasked the city's leadership with directing the Ho Chi Minh City Management Authority for Urban Railways (MAUR) to coordinate with relevant departments and stakeholders to urgently implement the project in line with special mechanisms, particularly under Resolution 188 passed by the National Assembly, along with related laws and resolutions.

Originally approved in 2010 with an investment capital estimated at around VND26 trillion ($1.3 billion), the project’s budget escalated in 2019 to approximately VND47.89 trillion (USD 2.1 billion), financed through ODA loans.

Although five loan agreements were signed, three—sourced from the Asian Development Bank (ADB) and the European Investment Bank (EIB)—have already expired, while two others from Germany’s KfW require extensions to continue.

The project includes seven main construction packages, but only one—CP1, which involved building the administrative office at Tham Luong depot—has been completed and operational since 2017.

The 11-kilometer metro route will pass through six districts—1, 3, 10, 12, Tan Binh, and Tan Phu, featuring nine underground stations and one elevated station. The latest project revision anticipates completion by 2030, followed by a warranty period until 2032.

In February 2025, the National Assembly enacted Resolution 188, offering special mechanisms for Ho Chi Minh City and Hanoi to drive breakthrough investments in metro infrastructure. Leveraging this resolution, Ho Chi Minh City aims to construct and complete seven metro lines totaling 355 kilometers within the next decade, from now until 2035.

Metro Line 2 has been designated as a pilot project for applying the new policies under Resolution 188. The city plans to select contractors by October 2025, with groundbreaking scheduled for December 2025. Completion is targeted for 2030.

-Viet An

Vietnam Economic Times March 10, 2025

Wed, 03/12/2025 - 10:05
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-Vietnam Economic Times - VnEconomy

HCMC aims to become leading regional tech hub

Wed, 03/12/2025 - 10:00
Currently, the city is home to nearly 2,200 startup businesses, hosts over 500 events, and organizes 80 startup competitions annually.

As Vietnam’s leading economic, scientific, and technological hub, Ho Chi Minh City holds significant advantages in driving science and technology policies, innovation, and digital transformation, said Mr. Huynh Thanh Dat, Deputy Head of the Party Central Committee’s Commission for Information,  Education and Mass Mobilization.

Mr. Dat made this statement during a scientific conference on March 11, focusing on the implementation of the Politburo’s Resolution 57-NQ/TW, which emphasizes breakthrough development in science, technology, innovation, and national digital transformation.

Speaking at the event, Mr. Lam Dinh Thang, Director of the Ho Chi Minh City Department of Science and Technology, highlighted the city’s growing startup ecosystem.

Currently, the city is home to nearly 2,200 startup businesses, hosts over 500 events, and organizes 80 startup competitions annually. These efforts contribute to fostering a spirit of innovation and attracting young talent.

The city's innovation ecosystem is gaining strength and edging closer to being ranked among the Top 100 cities globally with the most dynamic startup and innovation ecosystems. Science and technology contribute 47% to the city’s economic growth, while investment in these sectors accounts for 1% of its GRDP.

Resolution 57 presents a critical opportunity for Ho Chi Minh City to achieve even greater breakthroughs. By leveraging science, technology, innovation, and digital transformation, the city aims to unlock resources to drive socio-economic growth. The ultimate goal is to position the city as one of the most livable cities in Vietnam and the region.

-Phạm Vinh

2M coffee exports earn $1.58 billion

Wed, 03/12/2025 - 09:00
Vietnamese coffee export price hitting new record high of $5,596 per ton in February.

Vietnam exported 284,000 tons of coffee in the first two months of the year, worth $1.58 billion, the Government News has reported, citing data from the Ministry of Agriculture and Environment.

The figures represent a year-on-year reduction of 28.4% in volume but an increase of 26.2% in value.

In February alone, local enterprises shipped 150,000 tons of coffee, earning $854.2 million.

The average coffee export price in the two-month period reached $5,574.5 per ton, skyrocketing 76.3% year-on-year. In February, the price hit a new record high of $5,596 per ton.

Germany, Italy and Japan continued to be the three largest importers of Vietnamese coffee, accounting for 16.6%, 9.4%, and 8.2% of the market share, respectively.

Vietnam targets to earn $6 billion from coffee exports this year.

-Vân Nguyễn

Strategy needed for Vietnamese organic food to tap Nordic demand

Wed, 03/12/2025 - 07:30
Vietnam is well-suited for cultivating a wide array of organic agricultural products, including tea, coffee, cashew nuts, pepper, coconut, vegetables, fruits, and herbs.

The Nordic market is increasingly prioritizing sustainability, health, and environmental protection, presenting significant opportunities for Vietnamese businesses capable of supplying organic products.

According to the Vietnam Trade Office in Sweden, the Nordic region ranks among the world leaders in organic product consumption. Consumers there emphasize health, environmental preservation, and social responsibility when making everyday choices.

"The data underscores the immense potential of the organic product market in Nordic countries, particularly as consumers continue to shift towards sustainable and environmentally friendly options," noted the Vietnam Trade Office in Sweden.

Vietnam, with its tropical climate and fertile soil, is well-suited for cultivating a wide array of organic agricultural products, including tea, coffee, cashew nuts, pepper, coconut, vegetables, fruits, and herbs. These products have already garnered international recognition for their exceptional quality and unique flavors.

However, to thrive in this market, Vietnamese businesses must meet requirements such as EU Organic Certification and adopt production processes that ensure environmental protection and labor safety.

To successfully penetrate the Nordic organic market, the Vietnam Trade Office in Sweden recommends a focused strategy.

First, a sustainable and transparent supply chain must be built.

Second, Vietnamese businesses need to clearly identify their target customer base in the Nordic region.

Third, the Nordic region is a market where brand value is very important. Businesses need to build a strong brand based on organic and sustainable values, with marketing activities focused on brand storytelling by leveraging traditional and cultural elements in their narrative.

Fourth, participating in international trade fairs on organic products and food in the Nordic countries will help Vietnamese businesses promote their products, connect with partners, and learn about market needs. Fairs such as BioFach (in Germany), Nordic Organic Food Fair (in Sweden), and Organic Denmark are important events for penetrating this market.

-Vũ Khuê

Construction of $274 mln ring road section in Hai Phong kicks off

Wed, 03/12/2025 - 07:00
The 11-km route expected to open to traffic by 2028.

Construction on the initial section of the Ring Road No.2 project in northern port Hai Phong city started on March 11.

The 11-km Tan Vu-Hung Dao-Bui Vien route runs through Hai An, Duong Kinh and Kien An districts.

It has a total investment capital of more than VND7 trillion ($274.6 million).

As part of the project, a motorway section from provincial road No.353 to Hung Dao ward, a bridge crossing Lach Tray River, and a flyover crossing Bui Vien intersection will take shape.

Construction is expected for completion by 2028.

Once completed, the Ring Road No.2 project will help enhance transportation capacity, shortening the travel time from the Hai Phong port cluster to other northern localities. 

 

-Đỗ Hoàng

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