HCM City (VNA)🦩 – The second Vietnam - ASEAN International Furniture & Home Accessories Fair 2024 (VIFA ASEAN 2024) kicked off in Ho Chi Minh City on August 27.
The event, organised by Vietnam Chamber of Commerce and Industry, Ho Chi Minh City Brand (VCCI - HCM), Lien Minh Wood Handicrafts JSC, and the Vietnam Coconut Association, aims to boost exports and strengthen the region’s furniture and handicraft industry.
Tran Ngoc Liem, Director of the VCCI-HCM, highlighted that Vietnam’s export sector, including wood and furniture, has shown a strong recovery in 2024. From January to July, Vietnam’s total export value reached 227 billion USD, with wood products accounting for 10.7 billion USD, a 25% increase from the previous year. Key markets such as the US, China, and Japan saw significant growth.
Despite the recovery, challenges remain due to global conflicts and rising costs in logistics and raw materials. To maintain sustainable growth, Vietnamese enterprises are advised to improve product quality and diversify their markets. International trade fairs like VIFA ASEAN are seen as critical opportunities for businesses to expand their reach and secure new orders.
VIFA ASEAN 2024 has attracted over 200 exhibitors from Vietnam and 13 other countries, showcasing a wide range of furniture, handicrafts, and home decor products. The event also offers factory tours for international buyers to observe Vietnam’s advanced manufacturing processes.
The expo runs from August 27- 30, 2024, providing a platform for regional and international companies to explore partnerships and market opportunities./.
A series of consultancy presentations from Amazon experts were offered at the Vietnam - ASEAN International Furniture & Home Accessories Fair 2023 (VIFA ASEAN 2023) held in Ho Chi Minh City.
The Vietnam International Furniture and Home Accessories Fair (Vifa Expo 2023) will take place from March 8 to 11 at the Saigon Exhibition and Convention Centre in Ho Chi Minh City, according to organisers.
A wide range of furniture, handicrafts, interior décor and support industry products are on display at the VIFA-EXPO 2016 that opened in HCM City on March 8.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
