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.

Hanoi’s revenue from travel services in three days of the New Year holiday is estimated at VND844 billion (US$36 million), a 13% increase from the same period last year.

The export turnover in 2019 would increase 10% compared to 2018 to US$21.5 billion, accounting for 9% of Vietnam’s total export value.

In December alone, Vietnam received more than 1.3 million inbound visitors, representing an on-year jump of 7.7%.

Vietnam recorded trade surplus of US$7.2 billion in 2018, in which the domestic sector reported a trade deficit of US$25.6 billion, while foreign-invested firms posted a trade surplus of US$32.8 billion.

Foreign tourists spent US$96 per day on average in Vietnam in 2017. That is significantly below Singapore (US$ 325), Thailand (US$ 163), Malaysia (US$ 134), Indonesia (US$132) and the Philippines (US$115).

The plan would increase the total number of VinMart+ stores in Vietnam to 1,700, cementing its place as the top retailer in the country.

In 2018, Vietnam welcomes 15.5 - 15.6 million foreign visitors and caters to 80 million domestic tourists, earning total revenue of VND620 trillion (US$26.6 billion), according to the Vietnam National Administration of Tourism (VNAT).

South Korea is Vietnam’s second largest foreign investor with total registered capital of US$6.8 billion in the first 11 months this year, up 22.3% year-on-year.

The event was also a premise to develop tourism into a spearhead economic sector of the country

Few world renowned watch makers are selling in Vietnam with a handful number of authorized retailers and service centers. Large demand with short supply creates an ideal environment for fake products, a long-lasting problem in the watches industry.

Thailand and Indonesia continued to be Vietnam’s main car import markets to date, notably 52,170 cars were bought from Thailand worth US$1.04 billion.

Bamboo Airways is scheduled to launch its maiden flight on December 27.

Thanks to the growth in confidence in employment prospects and personal finances, Vietnam has risen to the second position in the consumer confidence benchmark globally.

Vietnam recorded trade surplus of US$0.15 billion in November, expanding the trade surplus in 11 months to a record high of US$7.41 billion, compared to a trade surplus of US$2.11 billion in the entire 2017.

Two major violations of the deal include the failure to notify an economic concentration and participating in prohibited case of economic concentration.

The promotion of Hanoi as a destination in CNN, is said to contribute to the good performance of Hanoi tourism sector.

The current number of Japanese firms in Vietnam’s manufacturing sector has experienced a slowdown, but the number in services and trade sectors has been rising significantly.

To compete with Grab in terms of technology, the alliance is operated based on the EMDDI ride-hailing application, which was developed by a group of programmers from Vietnam National University.

The event was part of activities to commemorate 320 years since the establishment of Ho Chi Minh City.

A report from the World Bank warned that aging will likely hit Vietnam with full force within a very short time span. This transition would come in a mere 15 years and be completed well before the 2040s.