Facing high demand for consumer goods, in the first 7 months of 2021, The United Arab Emirates (UAE) imported $2.8 billion worth of goods from Vietnam, which is 40.8% more than the same period last year. According to the latest data from the General Department of Vietnam Customs, the total two-way trade turnover between Vietnam and The United Arab Emirates (UAE) in the first 7 months of 2021 reafched nearly $2.1 billion, an increase about 37.8% over the same period last year.
Vietnam Association of Seafood Exporters and Producers (VASEP) recently reported to the Ministry of Agriculture and Rural Development that the seafood industry still has potential for increase in export capacity and it is expected to reach 12 billion USD by 2025. In the period 2016-2020, Vietnam's seafood exports reached at an average growth of 5% per year with US$8.4 billion in export turnover in 2020. shrimp 3.7 billion US$ and Pangasius US$1.5 billion. To achieve the above
Investment support packages are financial aid packages in which the Vietnamese Government offers investors the opportunity to benefit from certain favorable financial conditions, technical infrastructure, science and technology in order to attract domestic and foreign entrepreneurs and investors. According to the current Investment Law, investment aid is provided by the state to enterprises investing in high-tech, science and technology, agriculture, investment in rural areas
According to 2019 Government figures, Young Population makes up about %55. Due to their active and engaging existence in social media and online shopping channels, there is promising evidence for investors in retail, food and beverage industry, fashion and accessories. According to new data from the Ho Chi Minh Municipal Statistics Office, total retail and service sales in the first 5 months of this year amounted to $19.8 billion. This is 8.9% higher when compared to last yea
The steady increase in the welfare of the society in Vietnam has led to the improvement of social awareness and an increase in the demand for healthy food alternatives. Due to the scarcity of soils suitable for organic production, it has become popular to obtain organic products from Europe and other countries. Noticing that there has been no DIRECT import nor agreement in the food sector between Turkey and Vietnam until today, BSC has successfully launched the first branch o
The most recent foreign direct investment numbers given by the government illustrate Vietnam’s economic performance in the first three months of the year. With increasing confidence in Vietnam’s growth and excellent handle of pandemic, Vietnam pushes forward to be FDI destination for foreign investors. The numbers indicate that a total of 10$ billion FDI reached in Q1, with an increase of 18.5% over the same period of last year. FDI has been a key driver of Vietnam’s economic