Bilateral trade between Vietnam and Hesse has reached around EUR1 billion (US$1.05 billion) annually, accounting for one-tenth of total trade between Vietnam and Germany.

The event is part of the Hanoi Concentrated Promotion Program 2024, held in May, July, and November, attracting up to 2,000 businesses.

The "Most Popular Vietnamese Products" voting program is part of the city's broader efforts to encourage the consumption of local goods.

On December 19, General Department of Vietnam Customs will held an ceremony marking the Vietnam’s foreign trade value to reach 400 billion USD, doubling the amount 6 years ago.

Cheap and fast is said to be the competitive strength of Uber and Grab. Currently, these two services have come to airport, the existing market of traditional taxis.

The Vietnam Logistics Forum was organized today in Hanoi, under the chairmanship of Minister of Industry and Trade Tran Tuan Anh, and Vice Minister of Transport to discuss how to better connect Vietnam with global value chains.

E-commerce is considered as key to help enterprises accessing customers, reducing expenses compared to traditional business method. However, the application of e-commerce into enterprises’ business activities still has shortcomings.

Vietnam’s economy gathered further momentum in 2017 reflecting strong domestic demand, robust export-oriented manufacturing, and a gradual rebound of agriculture.

Online fast moving consumer goods (FMCG) sales now reach 0.5 percent share in Vietnam, recorded a significant uplift of 69 percent against last year, according to a report of Kantar Worldpanel.

By 2025, the contribution of logistics is expected to reach from 8 – 10% of GDP.

The Ministry of Industry and Trade will continue implementing the ‘Vietnamese people give priority to using Vietnamese products’ campaign next year after gaining positive results over the past eight years.

The Ministry of Industry & Trade is actively implement action plan to improve competitiveness and the development of Vietnam’s logistics services until 2025.

On December 13, the Vietnam Development Forum (VDF), themed “Leveraging productivity growth for sustainable development”, was held in Hanoi.

The Asian Development Bank (ADB) forecasts that economic expansion in developing Asia will accelerate to 6% in 2017 as stronger than expected exports and domestic consumption fuel growth. Excluding Asia’s newly industrialized economies, growth is now expected at 6.5% this year, according to a new ADB report.

At present, the revenue from wholesale and retail activities have contributed to 14% of Vietnam’s GDP, in which retail market is attracting high amount of foreign investment.

In order for Vietnamese goods to compete with imported goods, local enterprises have to prioritize in products quality and the package design.

The Vietnamese footwear and garment sectors are confident of its ability to surpass the export targets set by the Government this year.

The National Centre for Socio-economic Information and Forecast under the Ministry of Planning and Investment (MPI) has outlined two scenarios for Vietnam’s economic growth next year.

Vietnam recorded a trade surplus of 2.76 billion USD in the first 11 months of the year, or 1.4 percent of total export turnover, according to the Ministry of Industry and Trade (MoIT).

For the first 11 months, Vietnam has a trade surplus of 2.75 billion USD, which is the highest number up to present. However, this number would be higher if trade deficit in the domestic sector was reduced and a better connection between FDI sector with domestic enterprises.

Deputy Prime Minister Vuong Dinh Hue has recently directed ministries to manage price of many necessary goods cautiously at the last month of the year to limit inflation to less than 4 per cent.

According to the Ministry of Industry & Trade, in the first 11 months of 2017, Vietnam’s rice export reached 5.52 million tons with value of 2.49 billion USD, up 24.1% in terms of quantity and 24.9% of quality compared to the same period of last year.

The garment and textile industry will continue to prosper next year, fetching roughly US$34 billion from exports, the Vietnam Textile and Apparel Association (Vitas) forecast.