Weekly News Bulletin - No. 02, March 2024

Revenue in the information and communications technology (ICT) sector in the first two months of the year reached over VND598 trillion ($24.4 billion), up 25 per cent year-on-year.

Vietnam attracted $4.29 billion in foreign direct investment (FDI) in the first two months of 2024, a year-on-year surge of 38.6%. Notably, several large-scale projects were granted investment registration certificates in February, such as Trina Solar Cell project in Thai Nguyen province and the Gokin Solar Hai Ha Vietnam project in Quang Ninh. In the southern key economic region, a series of FDI projects were licensed in labour-intensive industries and those that use new and environmentally friendly technologies. Dong Nai topped the localities with 27 foreign-invested projects worth $439 million

Last week highlight

The Incheon Port Authority (IPA) announced on March 6 that international shipping group Maersk had launched a PH5 service from Incheon Port to  Vietnam, China and Thailand starting from March 4. According to an official from the IPA, the number of trips making calls in Vietnam and Thailand has increased to 29, creating opportunities for small and medium-sized enterprises (SMEs) to expand their export markets and providing shippers and freight forwarders in urban areas with more options.

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Let’s look at some other key financial and business headlines during the past week

1. Australian wind power giant eyes Vietnam investment
2. Thai industrial developer WHA eyes southern Vietnam action
3. PM expects breakthrough in agricultural cooperation with New Zealand
4. Weekly container service connects RoK port with Vietnam
5. Vietnam, Italy aim to leverage strengths in agriculture
6. 2024 hardware and electronic exports expected at $135bln
7. Project on multi-use values of forest ecosystem to 2030 approved
8. Thai Binh targets becoming industrial hub of Red River Delta
9. Alibaba plans to boost investment in Vietnam