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Vietnam aims to increase market share in Africa

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.

Society – Economy

63% of consumers expected to increase spending on essential goods in 2025
PwC's 2024 Asia-Pacific Consumer Insights Survey reveals that 63% of Vietnamese consumers intend to increase spending on essential goods over the next year, followed by 52% on clothing and 48% on healthcare products.
Vietnamese airlines increase flights for winter schedule
Vietnamese airlines have moved to increase the frequency of many domestic and international flights for their winter flight schedule in order to meet passenger travel needs during the final months of this year.

RoK cosmetics industry seeks to increase market share in Vietnam
The Namdong National Industrial Complex in Incheon city, the Republic of Korea, on November 4 announced the establishment of a market development research group consisting of 15 companies to support local small and medium-sized cosmetic enterprises in expanding operations into the Vietnamese market, according to Vietnam News Agency.
Vietnamese firms increase competitiveness to cope with foreign rivals
A wave of cheap goods on Chinese e-commerce platforms, such as Taobao, 1688, Shein and Temu, has forced Vietnamese businesses to enhance their competitiveness in the domestic market.
Fines for underage driving proposed to increase five-fold
The fine increase is also a form of deterrence and would raise awareness for traffic law compliance, said the deputy head of the Traffic Police Department.
Remittances to HCM City expected to increase by 10% in 2024
Remittances sent by overseas Vietnamese to Ho Chi Minh City are expected to surge about 10% in 2024 from a record high of US$9.46 billion in 2023, according to Nguyen Duc Lenh, Deputy Director of the State Bank of Vietnam (SBV)’s Ho Chi Minh City Branch.

Vietnam Airlines to increase flights on Ho Chi Minh City - Bangkok route
National flag carrier Vietnam Airlines has planned to increase the frequency of its flights from Ho Chi Minh City to Bangkok from 3 to 4 flights per day, starting December 1, 2024 using Airbus A321 aircraft.
Biên Hòa-Vũng Tàu Expressway project sees cost increase of over $217m
The total investment for the project is expected to increase by around VNĐ5.4 trillion.
Over 4,700 smuggling and fraud cases uncovered in Q3, reflecting 25% increase
Between July and September, customs officials detected and processed 4,748 violations, with the estimated value of seized goods amounting to VNĐ7.584 trillion (US$309.9 million), contributing to the state budget VNĐ141 billion ($5.76 million).
Sharp increase in number of international passengers refused entry at airports: Aviation authority
According to aviation statistics, the number of international passengers arriving in Việt Nam who were denied entry at airports across the country were 886 and 600 in 2023 and first half this year, respectively, as compared to 404 in 2020.
Garment-textile recovery on track as orders increase
The recovery of Vietnam’s garment-textile sector remains on track and is expected to make breakthroughs in the time ahead, insiders have said.
Việt Nam sees 46% increase in international visitors in first eight months
The Asian market remains Việt Nam's largest source of international visitors, with over nine million arrivals, reflecting a 51 per cent increase year-on-year.
Hà Nội sees surge in dengue fever cases
According to the CDC, the combination of hot weather and frequent rain has created ideal conditions for mosquitoes, which transmit the disease, to proliferate.
Agricultural ecotourism a way to increase visitor revenues
As an agricultural country boasting many traditional craft villages and beautiful landscapes, Vietnam holds considerable advantages for developing rural ecotourism, which has emerged as a trend among both domestic and international tourists in recent years.
Livestock industry needs to increase pork supply for Tet
The livestock industry needs to ensure pork supply increases by 10-15% for the Tet Holiday to avoid price fluctuations.
Carriers asked to increase flights for coming holiday
The Civil Aviation Authority of Vietnam has asked domestic carriers to increase flights to meet the travel demand for the upcoming National Day of September 2.
Tobacco tax increase benefits both people and Government
Tobacco tax in Việt Nam currently stands at 38 per cent, compared to 78 per cent in Thailand, 71 per cent in the Philippines, 70 per cent in Singapore and 60 per cent in Brunei.
Việt Nam welcomes nearly 10 million foreign visitors in first 7 months, with a big increase in numbers from Europe
July saw 1.15 million international arrivals, the least number of foreign tourists in the year so far, but still 11 per cent higher than this time last year.
Vietnam steps up efforts to increase localisation rate in industrial production
With significant strides in mechanical engineering, particularly in agriculture, Vietnam is now working to increase the localisation rate in industrial production.
Grade A office rents increase slightly in HCMC
Rents for Grade A offices in HCMC increased slightly in the second quarter of this year, reported Salvills Vietnam, a leading real estate service company in the country.
Wage increase boosts motivation for laborers
Under Government Decree No.74/2024/ND-CP, effective July 1, 2024, regional minimum wage has been raised by 6 percent.

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