Economy

Major Vietnamese economic highlights in 10 months

16:35 | 12/11/2024 Economy

Despite facing numerous difficulties and challenges from complicated and unpredictable global developments over the past 10 months, the Vietnamese economy has continued to record positive outcomes as the import-export turnover rose by 15.8%, whilst foreign arrivals to the country surged by 41.3%.

SBV curbs foreign currency hoarding, dollarisation

16:29 | 12/11/2024 Economy

The State Bank of Vietnam (SBV) has applied a 0% interest rate on foreign currency deposits to address foreign exchange and exchange rate volatility, Governor Nguyen Thi Hong explained during a question-and-answer event at the 15th National Assembly’s 8th session.

63% of Vietnamese consumers expected to increase spending on essential goods in 2025

16:24 | 12/11/2024 Economy

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.

HCM City real estate tax revenue jumps 50%

16:19 | 12/11/2024 Economy

Revenue from personal income tax and registration fees associated with real estate transactions in Ho Chi Minh City has surged by 50% to reach over 6.54 trillion VND (257.6 million USD) in the first nine months, according to data from tax authorities.

Dual transition is an inevitable trend for Vietnamese business

16:29 | 13/11/2024 Economy

Dual transition is an inevitable trend that the Vietnamese business community needs to grasp in the coming years, participants heard at the annual Sustainable Development Conference held by the Đầu tư (Vietnam Investment Review) Newspaper on November 12.

UK stands ready to boost Việt Nam's international financial hub

16:21 | 13/11/2024 Economy

The UK is recognised as the second-largest exporter of financial services globally, while London serves as a global financial centre, hosting 170 banks and a multitude of fintech companies.

Việt Nam's digital economy continues to record double-digit growth: Report

16:15 | 13/11/2024 Economy

Việt Nam's digital economy is maintaining double-digit growth, driven mainly by e-commerce and online travel, according to a report released recently by Google, Temasek and Bain & Company.

Vietnamese automobile market continues to see growth in sales

16:11 | 12/11/2024 Economy

After a strong surge in sales in September when the Vietnamese automobile market saw a 45% increase, an increase was still recorded in October, though at a more modest rate.

16 billion USD in credit capital committed to storm victims: SBV

17:15 | 11/11/2024 Economy

To date, 35 credit institutions have announced support packages totaling 405 trillion VND (16 billion USD) to continue lending to businesses and individuals affected by storms and floods, Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong told a question-and-answer session at the 15th National Assembly’s eighth sitting on November 11.

Vietnamese e-commerce platform revenues fall in third quarter

17:09 | 11/11/2024 Economy

Vietnamese e-commerce platforms’ revenues fell significantly in the third quarter of this year, while foreign platforms saw considerable expansion, according to a recent report by e-commerce data company Metric.

Ten-month retail sales of consumer goods, services up 8.5%

17:00 | 11/11/2024 Economy

Sales of food and foodstuff rose by 10.7 per cent, household appliances and tools 8 per cent, garment 8.7 per cent, vehicles (except cars) 7.5 per cent, and cultural and educational products 6.6 per cent.

Property developers still struggle with trillions of đồng in unsold Inventory

16:56 | 11/11/2024 Economy

Despite signs of recovery in the market, real estate inventory levels in the third quarter remain high.

Over 400 e-commerce platforms register with tax authorities: GDT

16:52 | 11/11/2024 Economy

As many as 412 e-commerce platforms have registered their tax information with Việt Nam’s tax authorities, according to information on a portal under the General Department of Taxation (GDT).

SBV to propose establishment of gold exchange at appropriate time

16:46 | 11/11/2024 Economy

Governor Hồng said the establishment of a gold exchange has positive aspects such as transparency and more favourable conditions for buying and selling needs of people and businesses, however, it requires investment in infrastructure.

Southeast Asia, Africa are emerging agricultural machinery markets

20:55 | 10/11/2024 Economy

The emerging agricultural machinery markets will be Southeast Asian and African countries. Meanwhile the two Asian giants, India and China, will stabilise their mechanisation rate on the large quantities achieved in recent years.

Việt Nam's e-commerce sector grows 18 per cent

20:50 | 10/11/2024 Economy

Việt Nam’s e-commerce sector has grown by 18 per cent since 2023, making it the third-fastest growing in Southeast Asia, following the Philippines and Thailand.

Steady FDI growth drives industrial real estate in Việt Nam: Savills

20:44 | 10/11/2024 Economy

Việt Nam has enjoyed growing foreign investment this year amid a stable economic environment, according to Savills’ Asia Pacific Investment Quarterly report for the third quarter of the year.

Vietnamese consumers most optimistic in ASEAN about economy: UOB

20:40 | 10/11/2024 Economy

Vietnamese consumers showed the highest level of optimism regarding their country’s economic outlook compared with their regional peers, according to a recent study by Singapore’s United Overseas Bank (UOB).

Việt Nam to maintain economic growth in 2025: forum

21:58 | 09/11/2024 Economy

Macroeconomic stability had been maintained, with controlled inflation and financial indicators remaining within acceptable limits.

Drastic actions taken to complete 95% public investment disbursement goal

21:52 | 09/11/2024 Economy

The disbursement rate in the first 10 months of 2024 reached only over 52 per cent, 4 percentage points lower than the same period last year and still far from the set goal.

PM visits Chongqing International Logistics Hub Park

09:39 | 09/11/2024 Economy

PM Chính visited a booth selling Vietnamese products; listen to the introduction of the operations of the Logistics Hub Park Operations Centre; and visit the wharf and panoramic view of the centre.

Trước Sau

Latest Most Read

Vietnam eyes building self-reliant, sustainable semiconductor ecosystem

15:18 | 15/11/2024 Industry

Vietnam, with its skilled workforce and competitive production costs, is poised to become a critical supplier of materials, components, and assemblies for the semiconductor industry, thus making a deeper penetration into the global value chain.

PM’s Brazil, Dominican Republic trip to highlight dynamic, reform-driven Vietnam

15:09 | 15/11/2024 News and Events

Prime Minister Pham Minh Chinh’s attendance at the G20 Summit in Brazil and official visit to the Dominican Republic from November 16 – 21 will convey a message of Vietnam as a dynamic and reform-oriented nation that stands ready to take on global responsibilities, according to Deputy Minister of Foreign Affairs Pham Thanh Binh.

Participation at G20 Summit affirms Vietnam's rising position, prestige in global arena: Diplomat

15:05 | 15/11/2024 News and Events

Prime Minister Pham Minh Chinh’s participation at the upcoming G20 Summit in Rio de Janeiro, Brazil, demonstrates that issues to be discussed at the event align with the objectives Vietnam is committed to achieving, and reaffirms the country’s growing role and position in the international and regional arena, a Vietnamese diplomat has said.

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.

MoIT facilitates power plant ash and slag consumption

11:50 | 15/11/2024 Environment

(VEN) - The Ministry of Industry and Trade (MoIT) has implemented a range of consistent solutions to facilitate consumption of ash, slag and gypsum generated by coal-fired power and fertilizer production enterprises.

VN's trade turnover surges 16% in ten months

08:43 | 12/11/2024 Trade

Economic expert Vũ Vinh Phú attributed the positive trade turnover to the important role of the Ministry of Industry and Trade.

Vietnam, Chile issue joint statement

08:50 | 12/11/2024 News and Events

Vietnam and Chile on November 11 issued a 14-point joint statement on President Luong Cuong’s official visit to the South American country from November 9-11 at the invitation of Chilean President Gabriel Boric Font.

Party leader of Việt Nam holds phone talks with President-elect of US

08:55 | 12/11/2024 Policy

Party leader Tô Lâm congratulated Donald Trump on his election as the 47th President of the US while highly valuing the latter’s contributions to the development of the two countries’ relations.

Storm Toraji intensifies and moves northwest in East Sea

08:58 | 12/11/2024 Environment

Accompanied by strong winds reaching level 6, with gusts up to level 8 near Lý Sơn Island in Quảng Ngãi Province, the storm originated from a tropical depression.

Bến Thành - Suối Tiên metro line operates at 100% capacity in trial run

09:04 | 12/11/2024 Society

To date, the entire Bến Thành - Suối Tiên Metro project has reached 99 per cent completion, with the remaining one per cent mainly consisting of final inspections and procedures before it enters full operation.

Multimedia

Video Longform Infographic Photo

Seven commodities with export value of over 10 billion USD

09:20 | 15/11/2024 Infographic

Seven commodities of Vietnam posted an export value of over 10 billion USD in the first 10 months of this year, accounting for over 66.5% of the country's total export turnover.

Vietnam actively contributes to APEC

08:59 | 14/11/2024 Infographic

Vietnamese State President Luong Cuong leads a high-level delegation to Peru for an official visit and to attend the 2024 APEC Economic Leaders' Week in Lima from November 12-16 at the invitation of Peruvian President Dina Ercilia Boluarte Zegarra. Since joining APEC in 1998, Vietnam has made significant contributions to APEC’s goals, actively proposing initiatives and fulfilling key roles.

Vietnam’s national brand value reaches 507 billion USD in 2024

17:06 | 11/11/2024 Infographic

In recent years, the Vietnamese national brand has made significant strides. Vietnam has not only entered the Top 100 countries with strong national brands, but also led the world in brand value growth in 2019-2022 period.

Vietnam-Chile Comprehensive Partnership

09:51 | 10/11/2024 Infographic

President Luong Cuong’s official visit to the Republic of Chile from November 9 to 12 comes as relations between the two countries continue to grow positively. The visit aims to enhance the Vietnam-Chile Comprehensive Partnership, making it more substantive, impactful, and effective.

Vietnam manufacturing returns to expansion

13:31 | 09/11/2024 Infographic

The S&P Global Vietnam Manufacturing PMI rose to 51.2 in October from 47.3 in September, marking a return above the 50-point threshold after disruptions caused by Typhoon Yagi.

Policy

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.

PM urged parliament to pass legislation to ensure sufficient electricity, restart nuclear projects

09:47 | 13/11/2024 Policy

The Government leader noted that electricity demand is expected to rise rapidly, with a projected increase of about 12–13 per cent in 2025 and even higher in subsequent years.

New policy drafted to help non-bank credit institutions develop further

17:13 | 12/11/2024 Policy

Under the draft circular, the SBV proposes that credit institutions are reorganised in the form of converting non-bank credit institutions.

Việt Nam to stiffen regulations on violating social network platforms

16:23 | 12/11/2024 Policy

Minister of Information and Communications Nguyễn Mạnh Hùng said social networks can be a force for positive impacts, such as facilitating people to communicate and do business, but also pose many risks.

Industry & Trade

Vietnam eyes building self-reliant, sustainable semiconductor ecosystem

15:18 | 15/11/2024 Industry

Electricity demand in 2025 to be basically met: ministry

08:49 | 15/11/2024 Energy

Minister of Industry and Trade Nguyễn Hồng Diên said accurate forecasts, careful preparations and flexible operations are needed to ensure adequate supply of electricity in 2025.

Foreign investors expand chip packaging footprint in Viet Nam

16:17 | 14/11/2024 Industry

Foreign tech giants are expanding capacity in Viet Nam for testing and packaging, according to Reuters.

Construction material industry's revenue to reach 47 billion USD

11:40 | 13/11/2024 Industry

Despite significant domestic demand due to low housing rates and incomplete infrastructure, Vietnam's construction materials industry faces challenges, according to insiders.

Investment

Long An province promotes investment and trade in France

09:34 | 15/11/2024 Investment

A Vietnam-France Investment and Trade Promotion Seminar was held in Paris on November 13 to strengthen connections and seek cooperation opportunities between the Mekong Delta province of Long An and France.

Bac Giang prioritises high-tech FDI projects, services industry

17:04 | 12/11/2024 FDI

The northern province of Bac Giang will continue attracting foreign direct investment (FDI) projects in the time ahead, prioritising those using high-tech or relating to supporting industries and high-quality services, local authorities have said.

Vietnam draws new wave of high-value investments: Savills

19:30 | 10/11/2024 Investment

Vietnam’s industrial and digital sectors are experiencing a strong growth, fueled by a surge in foreign direct investment (FDI) inflows, large-scale infrastructure projects, and a favourable legal environment, according to Savills Vietnam.

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.

Finance-Banking

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.

Tax sector fulfils nearly 95% of state budget collection target

15:38 | 09/11/2024 Finance-Banking

The General Department of Taxation on November 7 reported that the total state budget collection of the sector in January – October was estimated at over 1.4 quadrillion VND (55.18 billion USD), or 94.8% of the annual projection and up 16.3% against the same time last year.

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.

Environment

MoIT facilitates power plant ash and slag consumption

11:50 | 15/11/2024 Environment

Support for communities in buffer zones helps strengthen forest conservation

09:07 | 15/11/2024 Environment

Supporting these communities enhances the livelihoods of those living near the forest, helping to alleviate pressure on resources, boost public awareness and encourage people to participate in conservation, protection and biodiversity preservation.

Hà Nội requires comprehensive emission data to develop effective air pollution control plan

15:03 | 14/11/2024 Environment

Air pollution in Hà Nội has become a significant public concern, particularly in light of reports that it is one of the most polluted cities in the world. This situation demands urgent and coordinated measures from authorities to control and mitigate pollution, which poses serious health risks to the community.

Vietnam looks towards Net Zero goal in agriculture

17:25 | 12/11/2024 Environment

(VEN) - On November 15, the Central Committee of the Vietnam Farmers’ Union, in coordination with the Ministry of Natural Resources and Environment, will hold a forum for the President of the Vietnam Farmers’ Union and the Minister of Natural Resources and Environment to listen to farmers’ opinions.

Science - Technology

Việt Nam, US sign cooperation agreement on cybersecurity

09:02 | 15/11/2024 Science - Technology

The MOU is expected to strengthen the existing partnership between the US and Việt Nam, while also helping the US promote innovation and secure digital infrastructure as well as countering the growing cyber threats.

Viettel launches the world’s first O-RAN 5G Network

16:59 | 14/11/2024 Science - Technology

Viettel on Wednesday officially announced the commercial launch of its Open RAN (O-RAN) 5G Network, featuring key equipment developed in-house at the 5G Open RAN Connect conference held at the Viettel High Tech headquarters in Hà Nội.

4G mobile network coverage reaches 99% of Vietnamese population: Minister

16:51 | 13/11/2024 Science - Technology

Vietnam's 4G mobile network coverage now reaches 99% of the population, bringing the country close to the level of developed nations, which is at 99.4%, Minister of Information and Communications Nguyen Manh Hung affirmed at a Q&A session as part of the 15th National Assembly’s ongoing 8th sitting on November 12.

Quang Ninh to host 3rd Vietnam Int'l Digital Week next week

17:11 | 12/11/2024 Science - Technology

The 3rd Vietnam International Digital Week will take place in Ha Long city, the northern province of Quang Ninh, from November 19-22 for the second consecutive year.

Society

Students invent eco-friendly material press machine to replace plastic products

09:29 | 15/11/2024 Society

Researching and designing a press machine to produce plates and bowls from readily available materials like coconut husks, areca sheaths and banana leaves not only promotes green product consumption but also helps as part of developing a sustainable economy.

Party chief urges Hai Phong to become modern maritime economic hub

08:58 | 15/11/2024 Province

As part of his working trip to the northern city of Hai Phong, Party General Secretary To Lam held a working session with the municipal Party Committee on November 14, during which he urged the local authority to pay attention to planning work, towards turning it into a modern maritime economic hub in the future.

Night flights added at six airports to meet rising travel demand during Tet

15:12 | 14/11/2024 Society

The Civil Aviation Authority of Vietnam (CAAV) has approved proposals from several domestic airlines to increase night flights to meet the higher travel demand during the Lunar New Year (Tet) which falls in late January 2025.

Vietnamese universities strive to attract international students

11:43 | 13/11/2024 Society

Over recent years, the number of international students studying at Vietnamese universities has steadily increased, reflecting a growing recognition of Vietnam’s higher education quality. This rise is attributed to universities focusing on quality assurance.

Vietnamese Brands

Central province selects OCOP products to be promoted in the US

08:58 | 15/11/2024 Vietnamese Brands

The central provincial department of Agriculture and Rural Development has included ten OCOPs (One Commune One Product) – for promotion and introduction into the US market.

Hà Nội to host large-scale international fair for key industrial products in 2025

16:54 | 12/11/2024 Vietnamese Brands

The city will also organise a conference to connect 50-70 leading industrial product manufacturers with local universities and vocational training institutions.

Agriculture, craft village festival to be held in Hà Nội

16:49 | 12/11/2024 Vietnamese Brands

Visitors will have the opportunity to explore the agricultural culture of Hà Nội and purchase high-quality products with traceable origins.

Vietnamese Goods Week brings vibrant showcase to Thai province

10:16 | 08/11/2024 Vietnamese Brands

The annual Vietnamese Goods Week has arrived in Udon Thani province of Thailand, transforming it into a vibrant marketplace for Vietnamese products.

Culture

Seminar helps fashion businesses identify future consumers

16:47 | 14/11/2024 Culture

Vietnamese fashion businesses discussed how to identify the consumer profiles and sentiments that will drive business growth in the coming years at a seminar held in Hà Nội on Monday.

Kiên Giang to host Khmer cultural festival

16:45 | 13/11/2024 Culture

The Cửu Long (Mekong Delta) province of Kiên Giang will host the 2024 Khmer Culture, Sports and Tourism Festival from November 13-16.

Two Vietnamese artists nominated for Grammy Awards

17:02 | 12/11/2024 Culture

Vietnamese-American singer Sangeeta Kaur, whose real name is Mai Xuân Loan, and director Bảo Nguyễn have been nominated for Grammy Awards this year.

Great Solidarity of Ethnic Groups Week to take place next week

09:55 | 08/11/2024 Culture

The Great Solidarity of Ethnic Groups - Vietnamese Cultural Heritage Week 2024 will take place at the Vietnam National Village for Ethnic Culture and Tourism in Hanoi from November 16-24, according to the Ministry of Culture, Sports and Tourism.

Tourism

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.

2025 Nha Trang – Khanh Hoa Sea Festival to spotlight cultural heritage space

17:04 | 13/11/2024 Tourism

The 11th Nha Trang – Khanh Hoa Sea Festival will take place from June 7 - 9 next year, offering a great chance for the south-central coastal province of Khanh Hoa to promote and honour the beauty and immense value of its sea.

Việt Nam to welcome more international cruise ship tourists

16:36 | 13/11/2024 Tourism

Việt Nam has recognised the potential of cruise tourism and is planning to attract more international visitors through this mode of travel.