VIETNAM: NEW ERA

Vietnam has established itself as the leading nation in Southeast Asia for organ transplants, performing over 1,000 procedures each year for the past two years.

Vietnam has freshly secured re-election as a member of the United Nations Commission on International Trade Law (UNCITRAL) for the 2025-2031 term, garnering 175 out of 183 votes.

A high-level delegation from the Vietnam News Agency (VNA), led by Director General Vu Viet Trang, was received by Lao Prime Minister Sonexay Siphandone on November 20 in Vientiane.

Chinese experts have highly valued Party General Secretary To Lam's recent article titled “Combating Wastefulness” and highlighted its significance in Vietnam's current period.

Prime Minister Pham Minh Chinh is leading a high-ranking delegation of Vietnam to attend the G20 Summit in Rio de Janeiro, Brazil, from November 16 to 19 at the invitation of Brazilian President Luiz Inácio Lula da Silva.

The elevated section of the pilot Nhon - Hanoi Station urban railway project has officially entered commercial operation, three months after its debut. This marks a pioneering step toward green transformation, laying the foundation for the capital's public and sustainable transportation development.

Vietnam can earn 7.5 billion USD from vegetable and fruit exports this year – the highest-ever figure recorded, according to the Vietnam Fruit and Vegetable Association (Vinafruit).

Vietnam’s industrial and digital sectors are experiencing a strong growth, fueled by a surge in foreign direct investment (FDI) inflows, large-scale infrastructure projects, and a favourable legal environment, according to Savills Vietnam.

During his trip to attend the 2024 G20 Summit in Brazil from November 16 to 19, Prime Minister Pham Minh Chinh will also take part in bilateral activities in Rio de Janeiro. The visit coincides with the 35th anniversary of diplomatic relations (May 8, 1989 – May 8, 2024) and the 17th anniversary of the comprehensive partnership (May 2007 – May 2024) between Vietnam and Brazil, marked by a series of meaningful and diverse events.

Seven commodities of Vietnam posted an export value of over 10 billion USD in the first 10 months of this year, accounting for over 66.5% of the country's total export turnover.

Ho Chi Minh City ranks third in Southeast Asia in terms of startup ecosystem value, with an economic impact of 5.22 billion USD, according to Startup Genome Global Startup Ecosystem Report, released at the Saigon Summit recently held in the city.

Vietnamese State President Luong Cuong leads a high-level delegation to Peru for an official visit and to attend the 2024 APEC Economic Leaders' Week in Lima from November 12-16 at the invitation of Peruvian President Dina Ercilia Boluarte Zegarra. Since joining APEC in 1998, Vietnam has made significant contributions to APEC’s goals, actively proposing initiatives and fulfilling key roles.

State President Luong Cuong’s official visit to Peru and attendance at the 2024 APEC Economic Leaders’ Week in Lima from November 12 – 16 demonstrate the robust relations between Vietnam and Peru in various fields from politics – diplomacy to economy – trade, as well as offer an opportunity to deepen the friendship and cooperation between the two nations.

Although Vietnam’s rice exports have traditionally focused on Asian markets, experts have advised businesses to pay more attention to Africa which has emerged as a key potential market.

Vietnam’s digital economy is projected to reach 36 billion USD in 2024, up 16% from the previous year, according to the latest e-Conomy SEA report released by Google, Temasek, and Bain & Company.

In recent years, the Vietnamese national brand has made significant strides. Vietnam has not only entered the Top 100 countries with strong national brands, but also led the world in brand value growth in 2019-2022 period.

The S&P Global Vietnam Manufacturing PMI rose to 51.2 in October from 47.3 in September, marking a return above the 50-point threshold after disruptions caused by Typhoon Yagi.

With the growth of the ten-month exports and domestic production capabilities, this year’s rice exports are expected to exceed the record set in 2023.

The agricultural, forestry, and fishery trade surplus reached 15.2 billion USD in the first 10 months, up 62% compared to the same period last year, the Ministry of Agriculture and Rural Development has reported.

Over 42% of surveyed enterprises in the processing-manufacturing sector expect that, their business performance in the fourth quarter of this year will be better than the third quarter.