Việt Nam is expected to become the fifth-largest coal importer globally by 2024, driven strong electricity demand and a shortage of hydropower.

The state visit to Vietnam by Timor-Leste President José Ramos-Horta from July 31 to August 3 is expected to offer an opportunity for the two countries to discuss measures to boost cooperation, particularly in trade.

The Ministry of Industry and Trade (MoIT) commenced a seminar in Ho Chi Minh City on July 31 under the theme ‘Developing Vietnamese suppliers to engage intensively in the US value chain’.

As Vietnam enters its 37th year of attracting foreign direct investment (FDI), the country is on the cusp of a significant new phase. Having experienced three major waves of FDI, it now stands poised to usher in a fourth wave, marked by a strategic shift in investment attraction directions and investment quality.

In the first half of 2024, the business situation of the state-owned enterprise sector continued to achieve many positive results. Faced with the tasks in the remaining time of the year, the business sector needs to be more determined to overcome shortcomings and limitations, and seek breakthrough opportunities in production and business.

The domestic used car market has shown a robust recovery in the first half of 2024, marking a significant turnaround from the downturn experienced in 2023, according to industry insiders.

August 1, 2020, marked a significant milestone for Vietnam and the European Union (EU) as the EU-Vietnam Free Trade Agreement (EVFTA) came into effect. Four years on, Vietnam stands tall as the leading ASEAN exporter to the EU, reaping the benefits of a thriving economic partnership that has spurred economic growth, job creation, and consumer access to premium European products.

After 4 years of implementation, the Vietnam - EU Free Trade Agreement (EVFTA) has brought positive results

The United States is viewed as both the market with the most trade defence investigations into Vietnamese exports and the country with the most trade defence investigations into members of the World Trade Organization (WTO) with many other markets.

With export earnings of more than US$189.5 in the first 6 months of 2024, up 14.2% over the same period in 2023, the Ministry of Industry and Trade forecasts that exports will continue to grow positively in the second half of 2024.