Economy

Seaport stocks surge amid positive sector outlook

08:47 | 15/11/2024 Economy

During the trading session on 12 November, while the VN-Index fell for the fourth consecutive session to 1,244 points, several seaport and shipping stocks such as MVN (VIMC), VOS (Vietnam Shipping), and GMD (Gemadept) maintained upward momentum.

Garment makers pin hopes on coming year-end shopping season

17:04 | 14/11/2024 Economy

Despite ongoing challenges, Vietnamese garment makers are optimistic about the coming year-end shopping season, seeing it as an opportunity to meet the export earnings target this year.

Ample opportunities await Vietnamese exporters in South Asia: Workshop

16:20 | 14/11/2024 Economy

Although South Asia is an enormous market with substantial consumer demand well-suited for Vietnam's key export staples, trade potential with the region remains fully untapped, experts revealed at a workshop in Ho Chi Minh City on November 13.

HCM City ranks third in Southeast Asia for startup ecosystem value: report

16:10 | 14/11/2024 Economy

The 'Startup Genome Global Startup Ecosystem' report was released at the Saigon Summit recently.

Vietnam has potential to become a global supplier of halal food: conference

09:09 | 15/11/2024 Economy

Vietnam holds significant potential to export Halal food products, ranking among the world’s top 20 and top 15 exporters of food and farm produce, respectively, heard a November 14 conference on promoting the country’s Halal trade.

Real estate credit increases despite slow market recovery

09:01 | 15/11/2024 Economy

Real estate business credit and the proportion of individual corporate bond issuance have continued to increase sharply, with credit in the third quarter reaching VNĐ1.3 quadrillion.

Special consumption tax on alcoholic beverages requires careful study: economists

08:53 | 15/11/2024 Economy

Further comprehensive and in-depth studies must be carried out to fully evaluate the impact of a proposed tax increase on alcoholic beverages, said participants at a conference to gather opinions and feedback on the proposed tax organised by the Vietnam Economic Association (VEA).

Sustainability will help VN exporters gain competitive edge in Europe: workshop

16:06 | 14/11/2024 Economy

Meeting green standards is no longer optional but a key requirement for Vietnamese businesses to maintain and expand access to the EU market, a workshop heard in HCM City on November 13.

RoK to build a cold chain logistics centre in Hải Phòng

16:01 | 14/11/2024 Economy

The Ministry of Oceans and Fisheries of the Republic of Korea (RoK) announced on Wednesday that Jeil Engineering and Construction is breaking ground on a cold chain logistics complex today in Nam Đình Vũ Industrial Park, Hải Phòng.

Night flights added at six airports to serve Tết travel demand

15:56 | 14/11/2024 Economy

The flights will operate daily between January 14, 2024 and February 12, 2025.

Easing monetary policy continues bolstering domestic stock market

14:51 | 14/11/2024 Economy

With rising stock market returns and reduced corporate borrowing costs, SBV’s policy direction should positively impact business performance and stock market growth.

Việt Nam solidifies its global position through WTO integration

14:35 | 14/11/2024 Economy

WTO membership has not only reshaped Việt Nam’s economy but also elevated its standing on the global stage, driving growth, fostering innovation and unlocking new opportunities for international trade.

Algeria seeks cooperation opportunities with Vietnam in hi-tech agriculture

16:55 | 13/11/2024 Economy

Several businesses in Algeria’s Biskra province have expressed their interest in finding partners in Vietnam for cooperation in date processing and export, as well as in the import of processed coconut products and other agricultural and food items with Halal certificate from Vietnam.

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.

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.

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.

Trước Sau

Latest Most Read

Cat Bi International Airport cargo terminal expected operational by early 2026

15:24 | 18/11/2024 Society

(VEN) - On November 16^th, the Airports Corporation of Vietnam (ACV) coordinated with Hai Phong City People’s Committee to start the construction of the Cat Bi International Airport Cargo Terminal Construction Investment Project.

Switzerland provides US$3.3 million to promote Việt Nam's circular economy

15:03 | 18/11/2024 Economy

The Ministry of Planning and Investment has received US$3.3 million in funding from the Swiss State Secretariat for Economic Affairs (SECO) to promote a circular economy and mitigate climate change impacts.

Tra fish export could hit 2 billion USD in 2024: Workshop

14:55 | 18/11/2024 Trade

Vietnam’s tra fish export could reach the set target of 2 billion USD this year driven by industry improvements, heard a workshop held in Cao Lanh city, the Mekong Delta province of Dong Thap, on November 17.

Seminar seeks to boost Vietnam – US energy, industry, trade cooperation

14:50 | 18/11/2024 Cooperation

Washington DC – A seminar discussing solutions to energy, industry, and trade between Vietnam and the US was held in Washington on November 15 by the Ministry of Industry and Trade (MoIT) in collaboration with the Vietnamese Embassy in the US, attracting crowds of overseas Vietnamese entrepreneurs, intellectuals, and scientists working in the areas.

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.

Multimedia

Video Longform Infographic Photo

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.

Key socio-economic development targets for 2025

10:24 | 16/11/2024 Infographic

On November 12, 2024, the National Assembly passed the resolution on the 2025 socio-economic development plan, prioritising growth based on macroeconomic stability, inflation control, and maintaining major economic balances. The resolution sets a GDP growth target of 6.5-7%, aiming to reach 7-7.5%.

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.

Policy

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.

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.

Industry & Trade

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.

Vietnam to become new market for global tech giants in semiconductor industry

09:13 | 18/11/2024 Industry

Vietnam is likely to become a key market attracting major players in the semiconductor industry, especially following Donald Trump’s landslide victory in the recent US presidential election.

Nuclear power development projects to restart: MoIT

16:42 | 17/11/2024 Energy

The MoIT also said that the development of nuclear power of any scale must align with the direction of the Party and the State, and all investments must comply with the Law on Atomic Energy.

Vietnam sees opportunities to attract investments in electronics support industries

12:37 | 17/11/2024 Support industries

As an investment attraction of numerous leading technology corporations, Vietnam sees many opportunities to attract foreign direct investment (FDI) into electronic components manufacturing.

Investment

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.

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.

Finance-Banking

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.

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.

Environment

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.

Việt Nam proactively prepares for EUDR despite EU postponement

09:57 | 17/11/2024 Environment

The European Union (EU) has postponed the enforcement of the European Union Deforestation Regulation (EUDR) to December 31, 2025, aiming to ensure the sustainable management of imports and exports that do not contribute to deforestation or forest degradation.

Science - Technology

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.

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.

Society

Nearly VND400 billion proposed for phase 1 of Hanoi’s intelligent transport system

14:24 | 18/11/2024 Society

(VEN) - Hanoi will implement its Intelligent Transport System (ITS) Project in three phases.

Vietnam’s efforts to promote gender equality

09:37 | 17/11/2024 Society

(VEN) - According to the Global Gender Gap Report 2024, Vietnam's gender equality ranking stands at 72^nd out of 146 countries, an improvement of 11 places compared to 2023.

PM calls on whole society, teachers, education sector to enter era of nation's rise

10:46 | 16/11/2024 Society

Prime Minister Phạm Minh Chính on November 15 called on the whole society to join hands with teachers and the education sector in nurturing owners of the future, especially when Việt Nam is preparing to enter a new era - the era of the nation’s rise.

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.

Vietnamese Brands

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).

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.

Culture

Prime Minister joins Việt Nam Day in Brazil

11:09 | 18/11/2024 Culture

Chính highlighted the programme’s significance in celebrating 35 years of the Việt Nam-Brazil relations and the 112th anniversary of President Hồ Chí Minh’s stop in Rio de Janeiro during his journey to seek ways for national salvation.

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.

Tourism

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.

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.