Economy

10-month FDI capital into Vietnam surpasses US$27 billion

09:59 | 06/11/2024 Economy

The total registered capital for new investments, adjustments, and share purchases by foreign investors in Vietnam reached nearly US$ 27.3 billion after 10 months, a 2% increase compared to the same period in 2023, according to the Foreign Investment Agency.

Trinity Forum 2024 helps Vietnam’s airport retail take flight

09:54 | 06/11/2024 Economy

The Trinity Forum 2024, the world's premier airport retail trade forum, kicked off in Ho Chi Minh City on November 5 under the theme “Driving Innovation to Stay Relevant in a Rapidly Changing Consumer Landscape”.

Hà Nội's strengths draw in foreign investors

09:49 | 06/11/2024 Economy

Hà Nội's outstanding advantages in attracting foreign direct investment are its geographical location, skilled workers and administrative reforms.

More than 136,000 new companies founded in past ten months

09:09 | 06/11/2024 Economy

Their total registered capital is VNĐ1.3 quadrillion (US$512.7 billion), up 4.1 per cent compared to the first ten months of 2023.

Foreign investment disbursement hits $19.58b in 10 months

10:51 | 07/11/2024 Economy

From January to October, the manufacturing and processing sector attracted the lion's share of foreign investment with $17.1 billion, down 14 per cent year-on-year, which is equivalent to 62.6 per cent of the total.

Vietnam to use AI technology to monitor e-commerce platform operations

10:09 | 06/11/2024 Economy

Deputy Prime Minister and Minister of Finance Ho Duc Phoc said on November 5 that artificial intelligence (AI) will be used to monitor and manage revenue, transactions, and sales activities on e-commerce platforms.

Vietnamese economy shows moderate growth, says Standard Chartered

10:02 | 06/11/2024 Economy

Vietnam’s macroeconomic data for October is anticipated to show a moderation in growth compared to September, although key economic areas remain relatively robust, according to Standard Chartered Bank’s recent macro-economic update.

Bad debts expected to slow next time despite rising in nine months

09:05 | 06/11/2024 Economy

According to banks’ financial reports released recently, many banks, including large-scale banks, recorded an increase in bad debts in Q3 2024.

Vietnam’s WTO journey: From economic integration to global trade powerhouse

11:01 | 05/11/2024 Economy

Vietnam's signing of the World Trade Organisation (WTO) accession protocol in Geneva on November 7, 2006, and its subsequent entry as the organisation's 150th member on January 11, 2007, marked a pivotal turning point in the nation's development. Over the past 18 years, this membership has strengthened Vietnam’s position in global value chains while demonstrating its strong commitment to international economic integration.

Foreign experts inspect Vietnam’s conditions for stock market upgrade

10:43 | 05/11/2024 Economy

The State Securities Commission (SSC) held a working session with representatives from FTSE Russell and Morgan Stanley in Hanoi on November 4 to examine the upgrade of the Vietnamese stock market.

Foreign suppliers pay over VNĐ18 trillion in taxes via electronic portal

10:21 | 05/11/2024 Economy

A total of 115 foreign suppliers have registered and paid taxes through the electronic portal, contributing over VNĐ18 trillion (US$711.88 million) to the state budget, according to the Ministry of Finance’s General Department of Taxation (GDT).

Hà Nội takes drastic measures to disburse public investment

10:18 | 05/11/2024 Economy

Hà Nội is currently in a critical phase of disbursing public investment, aiming to fully allocate funds to boost capital efficiency, speed up infrastructure development, and strengthen the city’s competitiveness.

Brand management will help sustainable business development, experts say

10:00 | 05/11/2024 Economy

A brand is not simply a name, logo or slogan, but also the entire experience for customers interacting with a product or service, making the enterprises easily recognisable compared to other businesses in the same industry or field.

Specific roadmap for removal of credit rooms needed

09:54 | 05/11/2024 Economy

The topic of credit growth limits, commonly termed 'credit rooms', has gained renewed attention after a State Bank of Việt Nam (SBV) official announced that the SBV is considering a gradual removal of the credit growth quota policy, following the guidance of the National Assembly and the Government.

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.

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.

Trước Sau

Latest Most Read

MM Mega Market holds groundbreaking ceremony for Da Nang MM Supercenter

16:39 | 08/11/2024 Companies

On November 8, MM Mega Market (Vietnam) held a groundbreaking ceremony for the Da Nang MM Supercenter, located at Nguyen Sinh Sac Street, Hoa Khanh Nam Ward, Lien Chieu District, Da Nang City.

State President’s visit to forge deeper ties with Chile, Peru

15:43 | 08/11/2024 Cooperation

State President Luong Cuong’s official visits to Chile and Peru and attendance at the 2024 APEC Economic Leaders’ Week in Lima from November 9 – 16 will help consolidate the traditional friendship and enhance political confidence with the two nations and the Latin American region while deepening the relationship with the APEC member states, according to Deputy Foreign Minister Nguyen Minh Hang.

Prime Minister meets Vietnamese community in China's Chongqing city

15:23 | 08/11/2024 News and Events

Prime Minister Pham Minh Chinh met Vietnamese students and representatives of the Vietnamese community in Chongqing city on November 8, as part of his trip to China to attend the eighth Greater Mekong Subregion (GMS) Summit, and hold working activities in the neighbouring country.

Vietnam and Chile to further deepen comprehensive partnership

14:41 | 08/11/2024 Cooperation

Vietnamese President Luong Cuong on November 8 began an official visit to Chile at the invitation of Chilean President Gabriel Boric Font, aiming to foster new momentum, deepen the comprehensive partnership between the two countries, and make it more effective and practical.

India is main market for Vietnamese cinnamon exports

14:35 | 08/11/2024 Trade

India imported 3,986 tonnes of cinnamon from Vietnam in October, accounting for 39.2% of the total market share and representing a 50.1% increase from September, reported the Vietnam Pepper and Spice Association (VPSA).

PM’s working trip to China carries important significance: Ambassador

16:55 | 04/11/2024 Cooperation

Prime Minister Pham Minh Chinh’s upcoming attendance at the 8th Greater Mekong Subregion (GMS) Summit and his working trip to China’s Yunnan province and Chongqing city from November 5-8 will carry important significance, Vietnamese Ambassador to China Pham Sao Mai has said.

PM’s participation at regional summits sends important messages: Deputy FM

08:42 | 05/11/2024 Cooperation

Prime Minister Pham Minh Chinh’s attendance at the 8th Greater Mekong Subregion (GMS) Summit, the 10th Ayeyawady - Chao Phraya - Mekong Economic Cooperation Strategy (ACMECS) Summit, and the 11th Cambodia-Laos-Myanmar-Vietnam (CLMV) Cooperation Summit aims to send out important messages to the sub-region, the region, as well as the international community, stated Deputy Foreign Minister Pham Thanh Binh.

15th NA’s eighth session: Ministers outline plans for education, labour, agriculture

08:47 | 05/11/2024 News and Events

Minister of Education and Training Nguyen Kim Son, Minister of Labour, Invalids and Social Affairs Dao Ngoc Dung, and Minister of Agriculture and Rural Development Le Minh Hoan provided insights into their respective sectors and addressed pressing concerns raised by lawmakers at the 15th National Assembly’s eighth session in Hanoi on November 4.

Vietnam seeks stronger legislative ties with Canada

09:01 | 05/11/2024 Cooperation

Vietnam values its relationship with Canada and hopes to work together to strengthen their comprehensive partnership for mutual benefit, contributing to peace, stability, and prosperity in the Asia-Pacific and globally, National Assembly Vice Chairman Nguyen Duc Hai told Canadian Ambassador to Vietnam Perry Shawn Steil.

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.

Multimedia

Video Longform Infographic Photo

Vietnam's key contributions to ACMECS

11:02 | 07/11/2024 Infographic

Vietnam officially joined the Ayeyawady - Chao Phraya - Mekong Economic Cooperation Strategy (ACMECS) at the first ACMECS Ministerial Meeting in Thailand in November 2004. As an active and responsible member, Vietnam has made and continues to make significant contributions to ACMECS.

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.

Policy

New regulations on mergers, consolidation of credit institutions proposed

09:25 | 08/11/2024 Policy

HÀ NỘI — The State Bank of Việt Nam (SBV) has proposed new regulations on the mergers and consolidation of credit institutions, to ensure the safety and legitimate rights of customers and creditors.

Vietnam gives top priority to relations with China: PM

16:43 | 07/11/2024 Policy

Kunming – Developing relations with China is a consistent policy, an objective requirement, a strategic choice, and a top priority in Vietnam's foreign policy, Prime Minister Pham Minh Chinh told Chinese Premier Li Qiang at their talks in Kunming city in China’s Yunnan province on November 7.

PM puts forth proposals to develop new-generation GMS economic corridors

14:59 | 07/11/2024 Policy

Kunming – Vietnamese Prime Minister Pham Minh Chinh joined leaders of Cambodia, Laos, Myanmar, Thailand and China as well as heads of the Asian Development Bank (ADB) and regional and international organisations at the 8th Greater Mekong Sub-region (GMS) Summit which opened in Kunming city in China’s Yunnan province on November 7.

Vietnam proactively raises initiatives within CLMV

11:08 | 07/11/2024 Policy

Since the establishment of the Cambodia-Laos-Myanmar-Vietnam (CLMV) cooperation mechanism, Vietnam has consistently acted as an active and responsible member, making significant contributions to the mechanism.

Industry & Trade

Automotive support industry strives to become spare part supplier

09:34 | 08/11/2024 Support industries

HÀ NỘI — The demand for transport in Việt Nam has been increasing rapidly, with experts saying that the market shows a lot of potential for automobile and motorbike manufacturers and traders.

Việt Nam’s auto industry strives to reach global recognition

08:58 | 08/11/2024 Industry

HÀ NỘI — The domestic automobile industry is undergoing a significant transformation as it increasingly integrates into global markets and attracts foreign investment, according to automobile experts.

Vietnam’s path to sustainable semiconductor industry

10:47 | 07/11/2024 Industry

(VEN) - Vietnam’s semiconductor industry development strategy aims to reach an annual revenue of over US$25 billion in the 2024-2030 period, US$50 billion in the 2030-2040 period, and US$100 billion in the 2040-2050 period.

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.

Investment

Hanoi attracts 1.6 billion USD in FDI in ten months

15:18 | 07/11/2024 Investment

Hanoi attracted 58.4 million USD in foreign direct investment (FDI) in October, bringing the total in the first ten months of this year to 1.6 billion USD.

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.

Finance-Banking

Việt Nam's stock market moves closer to emerging market status amid key policy changes

18:05 | 06/11/2024 Stock Market

The swift efforts by the Vietnamese securities regulator to eliminate pre-funding requirements have garnered praise from FTSE Russell and Morgan Stanley.

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.

Environment

Yinxing becomes 7th typhoon to hit Việt Nam in 2024

14:23 | 08/11/2024 Environment

Over the next 72 to 120 hours, the typhoon is forecasted to move southwestward at a slower pace of between 10 and 15 km/h, with its intensity continuing to diminish.

Environment ministry calls for reassessment of Red River Basin flood safety measures

09:29 | 08/11/2024 Environment

HÀ NỘI — The Ministry of Natural Resources and Environment has issued a series of highly urgent priorities requiring immediate action concerning the operation of the interconnected reservoir system within the Hồng (Red) River basin.

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.

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.