VIETNAM ECONOMIC NEWS

G20 Summit: Vietnam promotes relations with countries, international organisations

17:24 | 20/11/2024 News and Events

Rio de Janeiro - Prime Minister Pham Minh Chinh held separate meetings with leaders from Spain, Paraguay, Canada, Singapore, the United Arab Emirates (UAE), the Vatican, and the World Health Organisation (WHO) on the sidelines of the G20 Summit in Brazil, on November 19 (local time).

Party leader’s trip to Malaysia to consolidate political trust: official

16:10 | 20/11/2024 News and Events

The official visit to Malaysia by Party General Secretary To Lam from November 21-23 will help elevate the relationship between the two countries to a new level, thereby creating new and important opportunities to strengthen Vietnam’s peaceful environment and attracting additional resources for national development, a Party official has said.

Vietnamese trade counselors in Americas contribute to trade growth: Minister

15:44 | 20/11/2024 Trade

Hanoi – Vietnamese trade counselors in the Americas gathered at a conference in Rio de Janeiro, Brazil, on November 18 to evaluate their work in the past time and discuss orientations and tasks in the time ahead, aiming to further promote the export of Vietnam's goods to countries in the region and the world.

G20 Summit: Vietnam promotes relations with countries, international organisations

17:24 | 20/11/2024 News and Events

Bilateral trade turnover between Việt Nam and Mongolia triples

16:42 | 20/11/2024 Trade

Bilateral trade turnover between Việt Nam and Mongolia has tripled from US$41.5 million in 2017 to $132 million in 2023.

Huế Central Hospital boosts international cooperation to become global health hub

16:30 | 20/11/2024 Society

Every year about 100 to 110 delegations, comprising around 500 international experts, doctors and students, visit the hospital for research and training.

US hands over five T-6C trainer aircrafts to Việt Nam, marking milestone in defence cooperation

16:22 | 20/11/2024 Cooperation

The handover of five next generation American-made T-6C Trainer Aircraft demonstrates the US commitment to partner with Việt Nam as it develops self-reliant defence capabilities in accordance with the US – Việt Nam Comprehensive Strategic Partnership.

Party leader’s trip to Malaysia to consolidate political trust: official

16:10 | 20/11/2024 News and Events

Hà Nội hospital partners with UK charity to provide surgeries for children with facial deformities

16:03 | 20/11/2024 Society

The 108 Military Central Hospital and Facing the World, a UK-based charity foundation, will partner in providing surgeries for children with facial deformities in Việt Nam.

Domestic firms seize opportunities to join North-South high-speed railway project

15:50 | 20/11/2024 Society

Hanoi – A seminar to discuss opportunities and challenges for Vietnamese businesses in joining the North-South high-speed railway project was held in Hanoi on November 19, attracting the participation of representatives from the Ministry of Transport and businesses.

Highlights

G20 Summit: Vietnam promotes relations with countries, international organisations

17:24 | 20/11/2024 News and Events

Bilateral trade turnover between Việt Nam and Mongolia triples

16:42 | 20/11/2024 Trade

Bilateral trade turnover between Việt Nam and Mongolia has tripled from US$41.5 million in 2017 to $132 million in 2023.

Huế Central Hospital boosts international cooperation to become global health hub

16:30 | 20/11/2024 Society

Every year about 100 to 110 delegations, comprising around 500 international experts, doctors and students, visit the hospital for research and training.

US hands over five T-6C trainer aircrafts to Việt Nam, marking milestone in defence cooperation

16:22 | 20/11/2024 Cooperation

Party leader’s trip to Malaysia to consolidate political trust: official

16:10 | 20/11/2024 News and Events

Hà Nội hospital partners with UK charity to provide surgeries for children with facial deformities

16:03 | 20/11/2024 Society

The 108 Military Central Hospital and Facing the World, a UK-based charity foundation, will partner in providing surgeries for children with facial deformities in Việt Nam.

Domestic firms seize opportunities to join North-South high-speed railway project

15:50 | 20/11/2024 Society

Vietnamese trade counselors in Americas contribute to trade growth: Minister

15:44 | 20/11/2024 Trade

Tra fish sector aiming for production, processing greening for sustainable development

15:38 | 20/11/2024 Industry

HCM City - Greening production and processing to meet export requirements is both a trend and a necessity for many industries, including the tra fish sector.

Bac Ninh Province: Dong Ho folk painting needs urgent safeguarding

15:04 | 20/11/2024 Culture

(VEN) - Dong Ho folk painting village, located in Dong Khe Hamlet, Song Ho Commune, Thuan Thanh Town, Bac Ninh Province, boasts an over-400-year history. Its origin is tied to the Vietnamese tradition of hanging paintings during the Lunar New Year (Tet), the Mid-Autumn Festival, and ancestor worship.

AI is core technology of 4th Industrial Revolution: Minister

11:19 | 20/11/2024 Science - Technology

Minister of Information and Communications Nguyen Manh Hung on November 19 emphasised that artificial intelligence (AI) is the core technology of the 4th Industrial Revolution, as important as the steam engine of the first Industrial Revolution, the power generator of the 2nd Industrial Revolution and the personal computer of the 3rd Industrial Revolution.

Vietnam, Belgium’s Wallonia-Brussels sign cooperation document for 2025-27 period

10:41 | 20/11/2024 Cooperation

Vietnam and Belgium's Wallonie-Bruxelles on November 19 signed the minutes of cooperation for the 2025-27 period, marking a milestone in bilateral relations.

News & Events

G20 Summit: Vietnam promotes relations with countries, international organisations

17:24 | 20/11/2024 News and Events

Party leader’s trip to Malaysia to consolidate political trust: official

16:10 | 20/11/2024 News and Events

NA Chairman's Cambodia visit expected to help expand bilateral ties: ambassador

15:55 | 20/11/2024 News and Events

Vietnamese Ambassador to Cambodia Nguyễn Huy Tăng highlighted that this is Mẫn’s first official visit to the neighbouring country in his capacity as the top legislator.

PM arrives in Santo Domingo, beginning official visit to Dominican Republic

10:14 | 20/11/2024 News and Events

Santo Domingo – Prime Minister Pham Minh Chinh, his spouse, and a high-ranking Vietnamese delegation arrived at Las Américas International Airport in Santo Domingo on November 19 evening (local time), beginning an official visit to the Dominican Republic.

Economy

State-owned securities company trails competitors

09:52 | 20/11/2024 Economy

The securities subsidiaries of the Big4 banks remain relatively unremarkable, leaving limited impact on the market.

Trade growth between Việt Nam and Americas promoted by FTAs

09:31 | 20/11/2024 Economy

According to the Ministry of Industry and Trade, in the first ten months of 2024, Việt Nam's trade value with the Americas region reached more than US$136.5 billion, an increase of 20.7 per cent over the same period in 2023.

Tax shift: e-commerce platforms could shoulder seller tax responsibilities

09:21 | 20/11/2024 Economy

The proposed amendment would require platforms like Facebook, Apple and Netflix, which generate revenues in Việt Nam, to register and pay taxes directly or through authorised representatives starting January 1, 2025.

Vietnam emerges as forerunner in global nearshoring trend

11:04 | 19/11/2024 Economy

Vietnam has emerged as a leading destination for companies relocating their production facilities, aiming to protect supply chains from potential disruptions, according to an article published by Brazil’s riotimesonline.com on November 17.

Cooperation

US hands over five T-6C trainer aircrafts to Việt Nam, marking milestone in defence cooperation

16:22 | 20/11/2024 Cooperation

Vietnam, Belgium’s Wallonia-Brussels sign cooperation document for 2025-27 period

10:41 | 20/11/2024 Cooperation

Vietnam and Belgium's Wallonie-Bruxelles on November 19 signed the minutes of cooperation for the 2025-27 period, marking a milestone in bilateral relations.

PM’s visit to Dominican Republic marks big step forward in bilateral ties: Ambassador

10:19 | 20/11/2024 Cooperation

Havana - The official visit to the Dominican Republic from November 19-21 by Prime Minister Pham Minh Chinh and his spouse is of great significance, marking a big step forward in the two countries’ relations, and showing the importance the Southeast Asian nation attaches to the Latin America and the Caribbean, particularly the Dominican Republic, according to a diplomat.

Việt Nam, Armenia look to sign parliamentary cooperation agreement

09:40 | 20/11/2024 Cooperation

The two sides have coordinated and supported each other in the international arena, especially within the framework of the United Nations, the Francophone Community and other international organisations and multilateral forums.

Multimedia

Video Longform Infographic Photo

Vietnam, Dominican Republic strengthening cooperation

08:45 | 20/11/2024 Infographic

At the invitation of Dominican President Luis Rodolfo Abinader Corona and his spouse, Prime Minister Pham Minh Chinh and his spouse, accompanied by a high-level Vietnamese delegation, pay an official visit to the Dominican Republic from November 19 to 21, 2024. This visit holds significant importance as it marks the first official trip by a Vietnamese leader to the Dominican Republic, taking place ahead of the 20th anniversary of diplomatic ties between the two nations (July 7, 2005 – July 7, 2025).

Vietnam - Brazil strategic partnership

10:26 | 19/11/2024 Infographic

During his trip to Brazil from November 16-19 for the G20 Summit and bilateral engagements, Prime Minister Pham Minh Chinh held talks with Brazilian President Luiz Inácio Lula da Silva. The two leaders agreed to elevate the Vietnam-Brazil bilateral relations to a Strategic Partnership and issue a joint statement on the upgrade of the ties.

Nhon - Hanoi Station elevated urban railway comes into operation

09:04 | 18/11/2024 Infographic

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.

Key facts on G20 and Vietnam's participation

09:42 | 17/11/2024 Infographic

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.

Vietnam - Brazil Comprehensive Partnership

19:17 | 16/11/2024 Infographic

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.

Policy

Developing relations with China is Vietnam’s top priority: Deputy PM

08:40 | 20/11/2024 Policy

Hanoi – Deputy Prime Minister Le Thanh Long on November 19 held talks with Ding Xuexiang, member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee and Vice Premier of China, on the occasion of his attendance at the 2024 World Internet Conference (WIC) Wuzhen Summit and his visit to Zhejiang province.

Vietnam pledges to make more contributions to APEC cooperation

09:46 | 17/11/2024 Policy

Lima – Vietnam will continue actively contributing to and effectively implementing cooperation orientations and directions of the Asia-Pacific Economic Cooperation (APEC), State President Luong Cuong affirmed while addressing the 31st APEC Economic Leaders' Meeting in Lima, Peru, on November 16 (local time).

Amending the Law on Electricity to unlock resources for energy security and net zero emissions

10:04 | 16/11/2024 Policy

The draft amendment to the Law on Electricity, which is on the agenda at the current session of the National Assembly, would be a bold step for Việt Nam towards ensuring national energy security and achieving net zero emissions by 2050.

Ambassador highlights importance of PM Phạm Minh Chính’s Brazil trip

14:19 | 15/11/2024 Policy

In an interview granted to the press ahead of Prime Minister Phạm Minh Chính’s trip to Brazil for the event, the diplomat said the trip is of significance in different aspects.

Industry & Trade

Tra fish sector aiming for production, processing greening for sustainable development

15:38 | 20/11/2024 Industry

HCM City - Greening production and processing to meet export requirements is both a trend and a necessity for many industries, including the tra fish sector.

Solutions discussed to ensure coal supply for electricity generation in 2025

16:24 | 19/11/2024 Energy

Việt Nam Electricity (EVN), Việt Nam National Coal and Mineral Industries Holding Corporation Limited (TKV), and Đông Bắc Corporation have proposed solutions to secure sufficient coal for power generation as thermoelectricity is expected to rise significantly to meet 2025's socio-economic power demand.

Garment industry targets 47-48 billion USD in export turnover next year

16:16 | 19/11/2024 Industry

Hanoi – Vietnam’s textile and garment industry aims to achieve 47–48 billion USD in export turnover in 2025, according to Vu Duc Giang, Chairman of the Vietnam Textile and Apparel Association (VITAS).

Residents support restarting Ninh Thuận Nuclear Project, call for clear roadmap

14:46 | 18/11/2024 Energy

Local residents expressed their hope that the project will be implemented with a clear, coordinated timeline and that it will bring transformative development to the province.

Investment

Workshop seeks ways to attract Japan’s green investment to Vietnam

09:43 | 20/11/2024 Investment

A workshop was held in Tokyo on November 18 to introduce to Japanese businesses investment trends in Vietnam and its pioneering industrial parks with carbon neutral initiatives.

Government approves investment policy to build Cam Lien Industrial Park in Quang Binh

16:57 | 18/11/2024 Investment

On November 16, the leader of the Quang Binh Provincial Economic Zone Management Board said that the Government had just approved the investment policy for Cam Lien Industrial Park.

Disbursement of public investment must be accelerated: Deputy PM

12:17 | 17/11/2024 Investment

Deputy Prime Minister Ho Duc Phoc has called on ministries, agencies, and localities to accelerate the disbursement of public investment from now until the year-end and further tighten investment management.

LG plans to pour further US$1 billion investment into Vietnam

10:42 | 16/11/2024 Investment

The Republic of Korea (RoK)’s LG Displays Co. Ltd has been licensed to raise its investment in a factory in Hai Phong city, northern Vietnam, by US$1 billion.

Finance-Banking

VIB, Flywire partner to streamline cross-border payments for students from Vietnam

16:46 | 18/11/2024 Finance-Banking

Vietnam International Bank (VIB) has announced a partnership with Flywire, a global payments enablement and software company based in Boston, to enable Vietnamese payers to digitally pay international education-related fees in their local currency to higher education institutions all over the world.

Vietcombank issues 2 trillion VND worth of green bonds for first time

18:55 | 16/11/2024 Finance-Banking

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has successfully issued 2 trillion VND worth of green bonds, the first of its kind, to support eco-friendly projects.

UK stands ready to help Vietnam build international financial hub

17:13 | 13/11/2024 Finance-Banking

The UK’s support for Vietnam in establishing an international financial hub is a significant development that reflects the growing economic ties between the two nations.

S&P affirms Techcombank’s BB- rating

10:10 | 11/11/2024 Finance-Banking

S&P Global Ratings has reaffirmed Techcombank’s issuer rating of BB- with a “stable” outlook, highlighting the bank’s robust profitability, stable capitalisation and strong asset quality.

Environment

Hundreds of damaged irrigation reservoirs need repairing

09:02 | 20/11/2024 Environment

Việt Nam's system of dams and reservoirs is facing numerous challenges. Unusual rainfall patterns, flash floods due to climate change and the degradation of many structures pose significant safety risks.

Greening e-commerce crucial for sustainable development

10:47 | 18/11/2024 Environment

(VEN) - While e-commerce has emerged as a leading sector of the digital economy, driving economic growth and leading the digital transformation of businesses, it has also resulted in significant waste with adverse environmental impacts.

National Environmental Protection Plan ensures high quality living environment

08:59 | 18/11/2024 Environment

The plan aims to effectively conserve biodiversity and maintain ecological balance, proactively address climate change and promote a society that develops harmoniously with nature.

Super Typhoon Man-yi to move into East Sea on November 18

17:13 | 17/11/2024 Environment

Super Typhoon Man-yi is expected to batter the Philippines’ Luzon island on November 17 afternoon before moving into the East Sea hours later, becoming the ninth storm to affect Vietnam this year, according to the National Center for Hydro-Meteorological Forecasting.

Science - Technology

AI is core technology of 4th Industrial Revolution: Minister

11:19 | 20/11/2024 Science - Technology

Global scientific luminaries to gather at VinFuture sci-tech week

11:08 | 19/11/2024 Science - Technology

The VinFuture Foundation has announced its flagship Science and Technology Week and Award Ceremony scheduled for December 4-7 in Hanoi, bringing together leading experts in pivotal technological domains such as materials sciences, AI, air pollution and environmental studies.

Hà Nội to host 2024 e-commerce and digital economy forum on November 21

17:23 | 17/11/2024 Science - Technology

The event aims to address the practical needs of businesses in the industrial and trade sectors as they navigate digital transformation.

Telecoms service providers invest in 4G, 5G technologies

17:20 | 17/11/2024 Science - Technology

Telecoms service providers in Vietnam are investing in 4G and 5G mobile phone connectivity infrastructure at the same time.

Society

Huế Central Hospital boosts international cooperation to become global health hub

16:30 | 20/11/2024 Society

Every year about 100 to 110 delegations, comprising around 500 international experts, doctors and students, visit the hospital for research and training.

Hà Nội hospital partners with UK charity to provide surgeries for children with facial deformities

16:03 | 20/11/2024 Society

The 108 Military Central Hospital and Facing the World, a UK-based charity foundation, will partner in providing surgeries for children with facial deformities in Việt Nam.

Domestic firms seize opportunities to join North-South high-speed railway project

15:50 | 20/11/2024 Society

Teachers in digital age confronted with new challenges

08:59 | 20/11/2024 Society

Modernising classrooms, labs and research equipment is one of the urgent tasks that must be completed for higher education, in addition to the thorough application of university autonomy.

Vietnamese Brands

VN takes part in food and beverage fair in Chicago

09:45 | 20/11/2024 Vietnamese Brands

The event is organised by the Private Label Manufacturers' Association (PLMA).

Hòa Bình honey awaits reactions from UK

10:41 | 19/11/2024 Vietnamese Brands

Farmers, producers, and the agricultural authorities in Hòa Bình Province are waiting for feedback on their locally produced honey, which was exported for the first time to the UK last month.

Post-Typhoon Yagi trade networking event starts in Hải Dương

10:04 | 19/11/2024 Vietnamese Brands

The Hải Dương Handicrafts Association and Nam Vũ Clean Agricultural Cooperative organised a trade event in Thanh Hà District to help local businesses expand markets and find partners after Typhoon Yagi.

Hòa Bình exports honey and pearl onions to UK

10:17 | 16/11/2024 Vietnamese Brands

This shipment marks Hòa Bình Province's second export of processed agricultural products to the UK, and has a value exceeding VNĐ300 million (US$11,800).

Culture

Bac Ninh Province: Dong Ho folk painting needs urgent safeguarding

15:04 | 20/11/2024 Culture

Vietnamese designers tell stories of culture at Fashion Week

10:14 | 20/11/2024 Culture

Vietnamese fashion designers took audiences in Hà Nội on a journey to explore the country’s culture and heritage through their new collections presented at the Aquafina Việt Nam International Fashion Week (AVIFW) Fall/Winter 2024.

Creative City promotes socio-economic development, says expert

09:59 | 20/11/2024 Lifestyle

The design festival became one of Hà Nội's commitments after joining UNESCO's Creative Cities Network in 2019.

Five Vietnamese creations listed among the world’s 100 best-rated dishes with coconut

10:54 | 19/11/2024 Culture

The dishes include pomelo sweet soup (ranking 33), honeycomb cake (ranking 42), coconut steamed rice with baby shrimp (ranking 80), husband and wife cake (ranking 91) and coconut pandan waffles (ranking 93).

Tourism

Folk cultural festival on Côn Đảo Island attracts tourists

10:07 | 20/11/2024 Tourism

The death anniversary of Lady Phi Yến, the 239th, the biggest folk cultural festival on Côn Đảo Island, attracted many Vietnamese and foreign audiences.

Tra Que named among world’s best tourism villages in 2024

11:20 | 18/11/2024 Tourism

Tra Que vegetable village in the central province of Quang Nam has become Vietnam's sole representative to earn a spot on the United Nations World Tourism Organisation's (UNWTO) 2024 list of the world’s 55 best tourism villages.

Quảng Ninh to attract more foreign tourists by year-end

16:52 | 14/11/2024 Tourism

The northeastern province of Quảng Ninh, home to Hạ Long bay, a UNESCO World Heritage Site, is actively working to reach its target of 19 million visitors in 2024, including 3.5 million international arrivals.

Vietnam promotes int’l cooperation in MICE tourism development

14:47 | 14/11/2024 Tourism

(VEN) - MICE is a type of tourism that combines meetings, incentives, conferences, and exhibitions organized by businesses for their staff, employees, and partners. Compared to other countries in the region, Vietnam is considered to have great potential for MICE tourism development.