Economy

Ten-month results fuel confidence in surpassing growth target

14:34 | 04/11/2024 Economy

Given the 10-month performance, authorities believed Vietnam's economic growth is likely to surpass this year’s target, and more efforts are being taken to tackle bottlenecks to growth.

VN among the top three ASEAN countries in term of industrial competitiveness

11:15 | 04/11/2024 Economy

The industrial sector's share of GDP could be over 40 per cent, with the manufacturing and processing industry alone accounting for around 30 per cent of GDP.

M&A activities show signs of recovery

11:11 | 04/11/2024 Economy

Mergers and acquisition (M&A) activities in Việt Nam have been showing signs of recovery in recent months as several large companies announced finished deals.

How the US election result can impact Việt Nam's exports

11:07 | 04/11/2024 Economy

Vietnamese businesses need to step up the building of close relationships with partners and associations in the US.

Vietnam targets a US$300-billion green economy by 2050

08:55 | 05/11/2024 Economy

(VEN) - Vietnam has set ambitious goals of achieving net-zero emissions and increasing the value of its green economy from US$6.7 billion in 2020 to US$300 billion by 2050.

Numerous US businesses set to arrive in HCM City to implement signed agreements

16:21 | 04/11/2024 Economy

Leading US investment funds and over 30 businesses will visit HCM City to seek investment opportunities.

North-South high-speed railway to drive economic growth: official

14:37 | 04/11/2024 Economy

Constructing a high-speed railway from the North to the South will create momentum for economic growth, according to Deputy Minister of Planning and Investment Tran Quoc Phuong.

High real estate credit growth raises concern

11:04 | 04/11/2024 Economy

State Bank of Vietnam (SBV)’s Governor Nguyễn Thị Hồng said real estate loans by the end of September this year were VNĐ3.15 quadrillion, up 9.15 per cent compared to the end of last year.

Local firms must increase competitiveness to cope with foreign rivals in the domestic market

10:57 | 04/11/2024 Economy

A wave of cheap goods on Chinese e-commerce platforms, such as Taobao, 1688, Shein and Temu, has forced Vietnamese businesses to adapt.

Vietnam cements ties with partners to engage in global semiconductor, AI industries

17:47 | 03/11/2024 Economy

By boosting cooperation with reputable partners across the globe, Vietnam is taking steps to gain a foothold in the world’s semiconductor and artificial intelligence (AI) industries.

App developers have many opportunities to further grow: forum

17:41 | 03/11/2024 Economy

App developers in Việt Nam have numerous opportunities and great potential to maximise monetisation and expand their businesses in both Vietnamese and foreign markets, according to experts at the "Future of Monetisation in Việt Nam" forum held in HCM City on Wednesday.

Nearly 30 per cent of vehicles to be electric by 2030

17:37 | 03/11/2024 Economy

The ministry will also look at mechanisms for exchanging and offsetting carbon credits for projects which convert from fossil fuel vehicles to EVs.

Potential for trade cooperation with Middle East

18:10 | 02/11/2024 Economy

With Prime Minister Phạm Minh Chính’s recent visit to the Middle East, a fresh momentum has been established, setting the stage for enhanced trade relations, deeper economic ties, and new areas of cooperation.

Gold demand in Vietnam falls sharply due to rapid increase in prices

16:58 | 02/11/2024 Economy

(VEN) - According to the World Gold Council, the demand for gold bars and gold coins in Vietnam fell by 33 percent quarter-on-quarter and 10 percent year-on-year, contrary to the global trend. The decline in gold demand in Vietnam is likely due to the sharp increase in gold prices.

CEPA: a stepping stone towards Middle East and Africa markets

10:37 | 02/11/2024 Economy

Minister of Industry and Trade Nguyễn Hồng Diên highlighted the Việt Nam-UAE Comprehensive Economic Partnership Agreement (CEPA)'s significance, describing it as a breakthrough that will significantly enhance economic, trade, and investment cooperation between the two nations.

MoIT tightens multi-level marketing activities

09:49 | 01/11/2024 Economy

The Ministry of Industry and Trade (MoIT) has asked units under their direction and the departments of industry and trade of provinces and cities to tighten the management of multi-level marketing activities in Việt Nam.

Việt Nam poised to become the third-largest data centre market in ASEAN

09:03 | 01/11/2024 Economy

Việt Nam's data centre industry is set for significant expansion, driven by recent investment reforms and a commitment to enhancing digital infrastructure.

PM pledges to create optimal environment for Qatari investors

08:55 | 01/11/2024 Economy

PM Phạm Minh Chính, who is paying an official visit to Qatar, informed local enterprises about the outcomes of his talks and meetings with the Emir, PM, and other leaders of Qatar, noting that the two sides shared the view that the relations between the two countries are flourishing, but economic partnerships have yet to match their political - diplomatic ties.

Logistics sector must embrace innovative trends to stay competitive

08:51 | 01/11/2024 Economy

The Vietnamese logistics industry must adapt to new trends and enhance infrastructure to remain globally competitive, speakers said at an event in HCM City on Thursday.

Ministry of Finance deploys pilot project for smart border gates

16:40 | 31/10/2024 Economy

The Ministry of Finance deploys a pilot project for smart border checkpoints at Hữu Nghị (Việt Nam)-Youyi Guan (China) International Border Gate Pair.

Việt Nam spent over US$1.54 billion importing LPG in nine months

16:37 | 31/10/2024 Economy

Việt Nam imported nearly 2.39 million tonnes of liquefied petroleum gas (LPG), valued at over $1.54 billion over the first nine months of 2024.

Trước Sau

Latest Most Read

Vietnam posts trade surplus of 23.31 bln USD in 10 months

16:45 | 06/11/2024 Trade

Hanoi – Vietnam posted a trade surplus of 23.31 billion USD during January-October, reported the Ministry of Industry and Trade’s General Statistics Office (GSO).

PM meets Chinese major firms

16:40 | 06/11/2024 News and Events

Yunnan – Prime Minister Pham Minh Chinh met separately with Chinese leading infrastructure and energy corporations in Kunming on November 6 to bolster bilateral cooperation in the areas.

Prime Minister receives ADB President in Kunming

16:35 | 06/11/2024 News and Events

Kunming – Prime Minister Pham Minh Chinh received President of the Asian Development Bank (ADB) Masatsugu Asakawa in Kunming on November 6, within the framework of his attendance at the eighth Greater Mekong Subregion (GMS) Summit and working trip to China.

Industrial production index rises 8.3 per cent in ten months

16:30 | 06/11/2024 Industry

The Industrial Production Index in October increased by 7 per cent, pushing the increase in the first 10 months to 8.3 per cent, compared to the same time last year.

Donald Trump declares himself winner of 2024 presidential election

16:25 | 06/11/2024 News and Events

Victories in the key swing states of Pennsylvania, North Carolina and Georgia, proved decisive in his race to the White House.

Potential for trade cooperation with Middle East

18:10 | 02/11/2024 Economy

Aquatic exports expected to rise in year-end despite challenges

22:04 | 02/11/2024 Trade

Aquatic exports is expected to surge in the remaining months of this year, as the year-end festive season comes, despite many challenges in the international markets, according to insiders.

Acceleration, breakthought in ties between Vietnam and Middle East countries

22:10 | 02/11/2024 Cooperation

Prime Minister Pham Minh Chinh has concluded his successful working trip to three Middle East countries - the United Arab Emirates (UAE), Saudi Arabia and Qatar from October 27 to November 1 at the invitation of the UAE President, Crown Prince and Prime Minister of Saudi Arabia, and Qatari Prime Minister.

Developing education, training to serve new era of nation: PM

09:57 | 03/11/2024 Policy

PM Chính said the Party and State consistently pay attention to education and training, which are identified as a leading policy.

State President welcomes top legislator of Cuba

20:03 | 02/11/2024 News and Events

The Vietnamese President congratulated the Caribbean nation on its significant success that the United Nations General Assembly on October 30 overwhelmingly adopted a resolution demanding the US end the embargo against Cuba.

Multimedia

Video Longform Infographic Photo

Vietnam’s role in GMS economic cooperation

09:20 | 06/11/2024 Infographic

At the invitation of Chinese Premier Li Qiang, Prime Minister Pham Minh Chinh is leading a high-level delegation to the 8th Greater Mekong Subregion (GMS) Summit from November 5-8, 2024. On this occasion, he will also attend the 10th Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS) Summit and the 11th Cambodia-Laos-Myanmar-Vietnam (CLMV) Cooperation Summit and hold working sessions in China.

Practical innovations

09:15 | 06/11/2024 Science - Technology

Recent cooperation between InfraSen, a start-up in semiconductor technology, and MK Group, a leading company in technology, has shown an encouraging sign of unity between scientists and economists. The MK Group will help produce a thermal image core sensor of InfraSen for domestic and overseas markets. Let’s listen to insiders’ voices about semiconductor device production in Việt Nam!

Seven strategic directions to lead the nation into a new era

17:04 | 05/11/2024 Infographic

In the special feature on the new era—the era of the nation's rise—on October 31, 2024, Party General Secretary To Lam outlined seven strategic directions for the country to embark on this new phase of national development.

Delicacy of Hà Nội’s autumn

11:29 | 04/11/2024 Lifestyle

Cốm (young rice) is a delicacy of Hà Nội’s autumn, from which many popular dishes have been created, but it is also being developed in new ways by younger cooks.

Vietnam-Cuba traditional solidarity, special friendship

10:12 | 02/11/2024 Infographic

Vietnam and Cuba continue to engage in regular bilateral contacts and exchanges at various levels, particularly at the highest levels. The robust political and diplomatic relationship has facilitated significant economic and trade cooperation between the two nations. Currently, Vietnam ranks as Cuba's second-largest trade partner in Asia and stands as the largest foreign investor from the Asian region in Cuba.

Policy

Amendment to tax regulation on foreign suppliers proposed

09:13 | 06/11/2024 Policy

Under the proposal, the Government plans to clear up rules on foreign businesses which have argued that they do not have a fixed base in Việt Nam.

Lawmakers propose plans for State budget allocation

08:43 | 06/11/2024 Policy

The 15th National Assembly's eighth session continued in Hanoi on November 5 morning to scrutinise the State budget performance in 2024, the State budget projection and the proposed allocation for 2025.

Finance ministry proposes extending environmental tax cut on fuel products in 2025

16:47 | 05/11/2024 Policy

The Ministry of Finance has proposed to continue 50 percent reduction in environmental tax on gasoline (excluding ethanol), oil, and lubricants until the end of 2025 to spur economic growth.

NA deputies call for solutions to ensure the feasibility of drug prevention and control programme

17:33 | 03/11/2024 Policy

Việt Nam faces not only the risk of becoming a transit hub but also the potential of evolving into a production and distribution centre for international drug trafficking.

Industry & Trade

Industrial production index rises 8.3 per cent in ten months

16:30 | 06/11/2024 Industry

The Industrial Production Index in October increased by 7 per cent, pushing the increase in the first 10 months to 8.3 per cent, compared to the same time last year.

Efforts to bring electricity to remote villages of Ha Giang Province

15:15 | 04/11/2024 Energy

The northern province of Ha Giang has complex terrain and a sparsely populated community, which poses many challenges to infrastructure investment, particularly in bringing electricity to remote mountainous villages. However, thanks to the efforts of local authorities and the electricity sector, Ha Giang Province is gradually realising the goal of providing electricity to all highland villages.

Vietnamese F&B industry works to catch up with green consumption trend

17:38 | 03/11/2024 Industry

By promoting the use of green materials and technologies in production, Vietnam will win the world food and beverage market which is switching to the green consumption trend, according to experts.

PM calls for Qatar's support for energy development in Việt Nam

08:56 | 01/11/2024 Energy

The Vietnamese leader made the call at a reception for Saad bin Sherida Al Kaabi, Minister of State for Energy Affairs of Qatar and CEO of Qatar Energy - a state-owned oil and gas corporation in Qatar and one of the world's leading LNG producers.

Investment

Foxconn to invest US$80 million in Bắc Giang for chip manufacturing expansion

16:16 | 04/11/2024 Investment

Foxconn's Shunsin Technology Việt Nam is seeking an environmental permit for a US$80 million chip manufacturing project in Bắc Giang province.

Da Nang to invest additional 16 million USD into software park

17:19 | 03/11/2024 Investment

The People's Council of Da Nang city has approved the adjusted pre-feasibility study report for the development of Software Park No 2, proposed by the municipal People's Committee.

PM receives heads of leading investment firm, authority of Qatar

09:07 | 01/11/2024 Investment

Vietnamese Prime Minister Pham Minh Chinh have received leaders of the JTA International Investment Holding and the Qatar Investment Authority (QIA) in Doha as part of his official visit to the Middle Eastern country.

Forum suggests suitable orientations for green development strategy in Lam Dong

15:44 | 31/10/2024 Investment

An investment forum entitled “Lam Dong Green Plateau — Sustainable Green Transformation: Opportunities for Investors” took place in Da Lat City, in the Central Highlands province of Lam Dong, on the afternoon of October 30.

Finance-Banking

Krungsri proposes accelerating purchase of 50% of SHBFinance’s charter capital

15:46 | 05/11/2024 Finance-Banking

Ayudhya Public Bank Limited (Krungsri), a member of Japan's MUFG Group, has proposed to the Saigon - Hanoi Commercial Joint Stock Bank (SHB) that it will speed up the acquisition of the remaining 50% of SHBFinance’s charter capital.

Finance ministry proposes two price management scenarios for year-end

10:11 | 04/11/2024 Finance-Banking

The Ministry of Finance has released two price management scenarios to control inflation until the end of the year.

Banking sector prioritises support for import-export firms

16:35 | 02/11/2024 Finance-Banking

Affordable bank credit has supported businesses in key sectors that drive the country’s economic growth, Nguyen Duc Lenh, deputy director of the State Bank of Vietnam’s Ho Chi Minh City office, told a conference on October 31.

Smart Banking 2024 workshop and exhibition held

15:32 | 31/10/2024 Finance-Banking

While accelerating digital transformation, ensuring operational safety and information security is a priority. The remark was made by Nguyen Quoc Hung, Vice Chairman and General Secretary of the Vietnam Banks’ Association (VNBA) at the Smart Banking 2024 workshop and exhibition held in Hanoi on October 29.

Environment

The 2024 Vietwater & WETV exhibitions open in HCMC

14:37 | 06/11/2024 Environment

The international exhibitions on water supply, sanitation, water resources and purification (Vietwater 2024) and on waste treatment and environment technology (WETV 2024) have opened in Ho Chi Minh City (HCMC).

Workshop looks to address environmental management issues in industrial areas

16:34 | 05/11/2024 Environment

The State Audit Office of Vietnam (SAV) hosted a workshop in Hanoi on November 5, bringing together top auditors from ASEAN member states to share experience in handling environmental management challenges in industrial clusters and craft villages.

More accurate forecasts at all levels needed to reduce coastal disaster risk

15:07 | 04/11/2024 Environment

Establishing different warning levels for natural disaster risks will help minimise damage and overcome the consequences of natural disasters.

Nearly-98-million-USD environment project inaugurated in Ninh Thuan

10:13 | 03/11/2024 Environment

The Phan Rang-Thap Cham city sub-project – part of the Coastal Cities Sustainable Environment Project funded by the World Bank Group was inauguarted in the south-central province of Ninh Thuan on November 2 with improved infrastructure works that can benefit 69,000 local residents.

Science - Technology

Practical innovations

09:15 | 06/11/2024 Science - Technology

Technology “key” to attract FDI

09:09 | 05/11/2024 Science - Technology

(VEN) - According to Nguyen Van Toan, Vice President of the Association of Foreign Investment Enterprises (VAFIE), apart from environmental factors, technology plays an important role, not only in economic development, but also in the race to attract foreign direct investment.

HCM City partners with Google for Education in digital transformation

14:47 | 04/11/2024 Science - Technology

Tim Paolini, Director of Google for Education for Asia-Pacific and Middle East, had a working session with representatives of the Ho Chi Minh City People’s Committee on November 1 to discuss cooperation orientations for digital transformation in education.