VIETNAM ECONOMIC NEWS

People, community at heart of digital transformation: Deputy PM

09:26 | 21/11/2024 Science - Technology

He called on countries and organisations to bolster close cooperation to build an Internet community of safety, responsibility and development while laying stress on Việt Nam's significant progress in the digital transformation programme.

Việt Nam, Dominican Republic to expand business & investment cooperation, especially telecom, agriculture, tourism

09:19 | 21/11/2024 Economy

Vietnamese Prime Minister Phạm Minh Chính and President of the Dominican Republic Luis Abinader Corona expressed their satisfaction with the positive strides in the bilateral friendship and cooperation, particularly in politics-diplomacy, economy, trade, and development cooperation, as well as their mutual support at multilateral forums.

Hanoi aims to become a smart city by 2030

09:13 | 21/11/2024 Metropolis

(VEN) - At their 19th session, delegates of the Hanoi People’s Council approved a project for the development of an intelligent transport system in the city.

Vietnam - Malaysia Strategic Partnership

10:54 | 21/11/2024 Infographic

Since the establishment of diplomatic relations, the relationship between Vietnam and Malaysia has been continuously strengthened and developed positively across all areas, especially since it was upgraded to a Strategic Partnership in August 2015.

HDBank wins three awards at Vietnam Listed Company Awards 2024

10:53 | 21/11/2024 Finance-Banking

The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank - HoSE: HDB) has received three prestigious awards at the Vietnam Listed Company Awards 2024, highlighting its leadership in the banking sector, as well as its dedication to transparency and governance.

Deputies looking to unlock realty market with new land use initiative

09:59 | 21/11/2024 Economy

Lawmakers are set to discuss at the hall a draft resolution on piloting commercial housing project through land use rights transfer agreements at the ongoing 15th National Assembly’s eighth session on November 21.

Vietnam resolved to boost digital economy with national action plan

09:55 | 21/11/2024 Economy

Vietnam has adopted a national action plan on digital economy development, which outlines key tasks and solutions for the 2024-2025 period.

Supply chain transparency, green production needed to promote VN's exports to the UK

09:37 | 21/11/2024 Economy

To effectively exploit the UKVFTA, exporters are urged to launch transparent supply chains, invest in green production and not use plastic packaging.

People, community at heart of digital transformation: Deputy PM

09:26 | 21/11/2024 Science - Technology

Việt Nam, Dominican Republic to expand business & investment cooperation, especially telecom, agriculture, tourism

09:19 | 21/11/2024 Economy

Highlights

Vietnam - Malaysia Strategic Partnership

10:54 | 21/11/2024 Infographic

HDBank wins three awards at Vietnam Listed Company Awards 2024

10:53 | 21/11/2024 Finance-Banking

Deputies looking to unlock realty market with new land use initiative

09:59 | 21/11/2024 Economy

Vietnam resolved to boost digital economy with national action plan

09:55 | 21/11/2024 Economy

Vietnam has adopted a national action plan on digital economy development, which outlines key tasks and solutions for the 2024-2025 period.

Supply chain transparency, green production needed to promote VN's exports to the UK

09:37 | 21/11/2024 Economy

To effectively exploit the UKVFTA, exporters are urged to launch transparent supply chains, invest in green production and not use plastic packaging.

People, community at heart of digital transformation: Deputy PM

09:26 | 21/11/2024 Science - Technology

Việt Nam, Dominican Republic to expand business & investment cooperation, especially telecom, agriculture, tourism

09:19 | 21/11/2024 Economy

Việt Nam-UK Institute plans for an international university

09:14 | 21/11/2024 Society

The Việt Nam-UK Institute for Research and Executive Education (VNUK) under the Đà Nẵng University will be turned into an international university – a key base of the Đà Nẵng University – in the 2030-50 Master Plan.

Hanoi aims to become a smart city by 2030

09:13 | 21/11/2024 Metropolis

(VEN) - At their 19th session, delegates of the Hanoi People’s Council approved a project for the development of an intelligent transport system in the city.

Shrimp exports surge in 10 months, generating US$3.2 billion

09:08 | 21/11/2024 Trade

In the first ten months of the year, shrimp export turnover reached US$3.2 billion, recording a 13 per cent growth year-on-year.

Vietnamese PM hold talks with President of Dominican Republic

08:59 | 21/11/2024 News and Events

Vietnamese Prime Minister Pham Minh Chinh and President of the Dominican Republic Luis Abinader Corona held talks in Santo Domingo on November 20 morning (local time) as part of the Vietnamese leader's official visit to the Caribbean country.

Việt Nam's pangasius exports expected to reach $2b in 2024

08:59 | 21/11/2024 Trade

Pangasius export turnover in the first ten months reached $1.56 billion, an increase of 8.9 per cent over the same period in 2023.

News & Events

Vietnamese PM hold talks with President of Dominican Republic

08:59 | 21/11/2024 News and Events

Vietnamese PM meets with leaders of Dominican Republic’s Congress

08:47 | 21/11/2024 News and Events

Prime Minister Pham Minh Chinh had separate meetings with President of the Dominican Republic’s Senate Ricardo de los Santos Polanco and President of the Chamber of Deputies Alfredo Pacheco in Santo Domingo on November 20 afternoon (local time), as part of the Vietnamese leader's official visit to the Caribbean country.

Party chief and his spouse set off for official visit to Malaysia

08:39 | 21/11/2024 News and Events

General Secretary of the Communist Party of Vietnam Central Committee To Lam, his spouse Ngo Phuong Ly and a high-ranking Vietnamese delegation left Hanoi on November 21 morning for a three-day official visit to Malaysia at the invitation of Malaysian Prime Minister Anwar Ibrahim and his spouse.

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).

Economy

Deputies looking to unlock realty market with new land use initiative

09:59 | 21/11/2024 Economy

Vietnam resolved to boost digital economy with national action plan

09:55 | 21/11/2024 Economy

Vietnam has adopted a national action plan on digital economy development, which outlines key tasks and solutions for the 2024-2025 period.

Supply chain transparency, green production needed to promote VN's exports to the UK

09:37 | 21/11/2024 Economy

To effectively exploit the UKVFTA, exporters are urged to launch transparent supply chains, invest in green production and not use plastic packaging.

Việt Nam, Dominican Republic to expand business & investment cooperation, especially telecom, agriculture, tourism

09:19 | 21/11/2024 Economy

Cooperation

Vietnamese PM receives General Secretary of MIU Party of Dominican Republic

08:53 | 21/11/2024 Cooperation

Vietnamese Prime Minister Pham Minh Chinh received General Secretary of the United Left Movement (MIU) Party and Minister of Regional Integration Policies of the Dominican Republic Miguel Mejia in Santo Domingo on November 20 afternoon (local time), as part of his official visit to the Caribbean nation.

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.

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.

Multimedia

Video Longform Infographic Photo

Vietnam - Malaysia Strategic Partnership

10:54 | 21/11/2024 Infographic

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.

Policy

NA deputies scrutinise investment policy for North-South high-speed railway project

08:54 | 21/11/2024 Policy

The preliminary total investment for the project is estimated at VNĐ1.7 quadrillion (around US$67.34 billion). To ensure its progress and success, 19 special policies have been proposed.

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.

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

HDBank wins three awards at Vietnam Listed Company Awards 2024

10:53 | 21/11/2024 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.

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

People, community at heart of digital transformation: Deputy PM

09:26 | 21/11/2024 Science - Technology

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.

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.

Society

Việt Nam-UK Institute plans for an international university

09:14 | 21/11/2024 Society

Hanoi aims to become a smart city by 2030

09:13 | 21/11/2024 Metropolis

(VEN) - At their 19th session, delegates of the Hanoi People’s Council approved a project for the development of an intelligent transport system in the city.

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.

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

(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.

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.