Mekong Delta firms optimistic about economic outlook in 2024

Up to 75.8% of surveyed businesses in the Mekong Delta region forecast that their revenues will increase and 74.1% predict rises in profits, according to Nguyen Phuong Lam, Director of the Vietnam Chamber of Commerce and Industry’s Mekong Delta office.
Mekong Delta firms optimistic about economic outlook in 2024 ảnh 1Nguyen Phuong Lam, Director of the Vietnam Chamber of Commerce and Industry’s Mekong Delta office (Photo: VNA)
Can Tho (VNA) – Up to 75.8% of surveyed businesses in the Mekong Delta regionforecast that their revenues will increase and 74.1% predict rises in profits,according to Nguyen Phuong Lam, Director of the Vietnam Chamber of Commerce andIndustry’s Mekong Delta office.

Speaking at a meeting with VCCI members onMarch 28, Lam pointed to several difficulties facing enterprises in 2024,including logistics and labour costs, capital, petrol and oil prices, andunofficial costs. 

In face of these difficulties, Nguyen ThaiBinh from Trung An Hi-tech Farming JSC expressed his hope that the VCCI’sMekong Delta Office will continue its support for trade and investmentpromotion activities, and provide updated information and consultations forbusinesses.

Lam said that efforts will be made toimprove the business environment, increase dialogues between enterprises andlocal authorities, ministries and sectors, and organise businesscooperation forums with key markets such as Japan, China and the Republic ofKorea.

Last year, 11,381 new enterprises were establishedin the Mekong Delta region, but 10,514 others stopped operating or dissolve, posing abig challenge for the region. FDI inflows into the 13 localities in the region totalled 741 million USD, only one quarter of the amount recorded by the northern province of Quang Ninh.

At present, the unemployment andunderemployment rate in the region is the highest in the country.
The Mekong Delta comprises Can Tho City and the provinces of An Giang, Dong Thap, Long An, Tien Giang, Vinh Long, Ben Tre, Tra Vinh, Soc Trang, Hau Giang, Bac Lieu, Ca Mau and Kien Giang./.

VNA

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.