Economy

The urgent need for further reforms

10:07 | 16/11/2024 Economy

It took Dubai just exactly five years to build a 600-hectare city with 500 buildings worth US$20 billion, but with a maze of regulations like in Việt Nam, it might take 1,500 years, Minister of Planning and Investment Nguyễn Chí Dũng has said.

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).

IFC's investment capital in Việt Nam reached over US$1.6 billion

10:21 | 16/11/2024 Economy

IFC scaled up its long-term investment in Việt Nam with a strong focus on climate finance.

Film companies want VAT cut, not an increase

10:14 | 16/11/2024 Economy

Businesses in the film industry have proposed a reduction in the value added tax (VAT) from current 5 per cent to 3 per cent in order to promote the development of the industry.

AI could add $79.3 billion to Việt Nam’s economy by 2030: Google report

10:11 | 16/11/2024 Economy

A recent Google report shows that Việt Nam could gain up to VNĐ1.89 trillion (US$79.3 billion) in economic benefits from AI by 2030, making up nearly 12 per cent of the country's GDP, if AI tools are widely adopted.

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.

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%.

Trước Sau

Latest Most Read

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).

Vietnam, China open two temporary cross-border routes

15:59 | 19/11/2024 Society

Beijing – Vietnam and China on November 17 opened two temporary cross-border corridors to facilitate travel, trade and people-to-people exchanges.

Vietnamese PM meets with world leaders on G20 Summit sidelines

15:53 | 19/11/2024 News and Events

Rio de Janeiro - Prime Minister Pham Minh Chinh had meetings with leaders of countries and international organisations on the sidelines of the G20 Summit in Rio de Janeiro, Brazil, on November 19.

Armenian NA President pays tribute to President Ho Chi Minh

14:51 | 19/11/2024 News and Events

Hanoi – A delegation of the Armenian National Assembly (NA) led by its President Alen Simonyan paid tribute to President Ho Chi Minh at his mausoleum in Hanoi on November 19 as part of their official visit to Vietnam.

Vietnam, Czech look forward to 75th anniversary of diplomatic ties

11:13 | 15/11/2024 Cooperation

Prague – State Vice President of Vietnam Vo Thi Anh Xuan met with high-ranking Czech leaders on November 14 as part of her official visit to the Czech Republic from November 13-16, aiming to enhance bilateral cooperation in anticipation of the 75th anniversary of diplomatic relations between the two countries (1950-2025).

State President receives US-APEC Business Coalition delegation in Lima

11:16 | 15/11/2024 News and Events

Lima – State President Luong Cuong received a delegation from the US-APEC Business Coalition in Lima on November 14 afternoon (local time), on the occasion of his attendance at the APEC Economic Leaders’ Week.

Vietnam attends 35th APEC Ministerial Meeting in Peru

11:25 | 15/11/2024 News and Events

The 35th APEC Ministerial Meeting (AMM 35) convened on November 14 in Lima, co-chaired by Peru’s Foreign Minister Elmer Schialer and Minister of Foreign Trade and Tourism Desilú León.

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.

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.

Multimedia

Video Longform Infographic Photo

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.

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%.

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

Solutions discussed to ensure coal supply for electricity generation in 2025

16:24 | 19/11/2024 Energy

Garment industry targets 47-48 billion USD in export turnover next year

16:16 | 19/11/2024 Industry

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.

Investment

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.

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.

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.

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.

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

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.

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.

Society

Vietnam, China open two temporary cross-border routes

15:59 | 19/11/2024 Society

Beijing – Vietnam and China on November 17 opened two temporary cross-border corridors to facilitate travel, trade and people-to-people exchanges.

Concerted efforts made to eradicate temporary, dilapidated houses in 2025

11:10 | 19/11/2024 Society

From 2000 to 2023, more than 1.7 million homes have been either newly built or repaired to support poor households and those facing difficult circumstances.

Party leader requests extra efforts to fulfill education, training reform goal

16:15 | 18/11/2024 Society

Hanoi – Party General Secretary To Lam attended a meeting with outstanding teachers and education managers in Hanoi on November 18, during which he asked for stronger efforts to complete the goal of education and training reform.

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.

Vietnamese Brands

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).

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.

Culture

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).

Hà Nội aims to popularise craft village to the world

10:48 | 19/11/2024 Culture

Hà Nội has been implementing international cooperation activities, bringing a number of craft villages to join the creative craft cities network around the world.

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.

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.