Exhibitions in Hà Nội downtown celebrate Heritage Day Speculation a factor behind skyrocketing housing prices in major cities: ministry Party chief visits embassy, meets with Vietnamese community in Malaysia Party General Secretary receives leaders of major Malaysian groups Agritourism needs opportunities to “take off”
US affirms Việt Nam not manipulating currency

US affirms Việt Nam not manipulating currency

09:35 | 19/11/2024 Economy

In its latest report the US Department of the Treasury said that Việt Nam does not manipulate currency.
Switzerland aids over 3.34 million USD to develop circular economy in Vietnam

Switzerland aids over 3.34 million USD to develop circular economy in Vietnam

14:08 | 18/11/2024 Economy

Deputy Minister of Planning and Investment Do Thanh Trung has announced that his ministry received over 3.34 million USD funded by Switzerland’s State Secretariat for Economic Affairs (SECO) to promote circular economy and mitigate climate change impacts in industrial zones in Vietnam.
Vietnam’s industrial real estate attracts foreign investment

Vietnam’s industrial real estate attracts foreign investment

11:14 | 18/11/2024 Economy

Vietnam's industrial sector is experiencing significant transformation, supported by strong foreign direct investment (FDI) flows, large-scale infrastructure projects, and a favourable regulatory environment, thus attracting a new wave of investment from foreign investors, experts have said.
Bird nest production in central province aims at sustainability

Bird nest production in central province aims at sustainability

11:03 | 18/11/2024 Economy

More efforts should be put into developing a sustainable model for Dak Lak's swallow nest industry said participants at a conference organised by the Province's Department of Agriculture and Rural Development.
Vietnam attends PLMA

Vietnam attends PLMA's 2024 Private Label Trade Show in US

11:00 | 19/11/2024 Economy

Twenty-one Vietnamese enterprises are showcasing their products at the Private Label Manufacturers' Association (PLMA) 2024 Private Label Trade Show, which is taking place from November 17-19 at the Rosemont Exhibition Centre in Chicago, the US.
VN must do more in collecting business owner information

VN must do more in collecting business owner information

10:31 | 19/11/2024 Economy

Việt Nam must do more in monitoring and managing information about who own and who are beneficiaries of businesses, said participants at a seminar organised by the Department of Business Registration under the Ministry of Planning and Investment on Monday.
Road freight remains key in Southeast Asia, including Việt Nam

Road freight remains key in Southeast Asia, including Việt Nam

09:55 | 19/11/2024 Economy

Road transport of goods will continue to play a critical and increased role in Southeast Asia including Việt Nam as companies look to build more resilient supply chains, experts have said.
Central bank issues new decisions on deposit interest rates

Central bank issues new decisions on deposit interest rates

10:57 | 18/11/2024 Economy

According to the SBV, Decision No. 2410/QĐ-NHNN and Decision No. 2410/QĐ-NHNN aim to ensure consistency on a legal basis with other issued circulars on deposit interest rates.
Should Việt Nam implement VAT on fertilisers?

Should Việt Nam implement VAT on fertilisers?

10:53 | 18/11/2024 Economy

A contentious debate has arisen over whether Việt Nam should impose a 5 per cent VAT on fertilisers to boost local production or retain the current tax exemption to support farmers.
Việt Nam needs to build a strategy for disaster risk financing and insurance

Việt Nam needs to build a strategy for disaster risk financing and insurance

10:39 | 18/11/2024 Economy

The country’s current financial capacity covers only about 21 per cent of the need for relief and recovery after natural disasters.
Exchange rate fluctuations bring huge profits to many banks

Exchange rate fluctuations bring huge profits to many banks

10:34 | 18/11/2024 Economy

The total net profit from the foreign exchange trading segment of 29 banks in the first three quarters of 2024 reached more than VNĐ19.62 trillion.
PM urges IMF to continue supporting Việt Nam

PM urges IMF to continue supporting Việt Nam's macroeconomic development

17:07 | 17/11/2024 Economy

Prime Minister Phạm Minh Chính received a delegation of the International Monetary Fund (IMF)'s 2024 Article IV Mission to Việt Nam led by its head Paulo Medas in Hà Nội on November 15.
HCM City aims to become Southeast Asian logistics hub

HCM City aims to become Southeast Asian logistics hub

21:59 | 16/11/2024 Economy

HCM City is set to enhance its logistics sector to become a key logistics hub in Southeast Asia by 2030, leveraging global supply chain opportunities.
IFC

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

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

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.
The urgent need for further reforms

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

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

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

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).
Seaport stocks surge amid positive sector outlook

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.
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Exhibitions in Hà Nội downtown celebrate Heritage Day

Exhibitions in Hà Nội downtown celebrate Heritage Day

13:55 | 23/11/2024 Culture

This year marks the 19th anniversary of the Việt Nam Cultural Heritage Day since its inception in 2005, aiming to promote the traditions and sense of responsibility among those working to protect and promote the value of Việt Nam's cultural heritage.
Speculation a factor behind skyrocketing housing prices in major cities: ministry

Speculation a factor behind skyrocketing housing prices in major cities: ministry

13:44 | 23/11/2024 Economy

The Ministry of Construction's statistics showed that in major cities including Hà Nội and HCM City, apartment prices continued to increase in the third quarter of this year by around 4-6 per cent or 22-25 per cent from the beginning of this year.
Party chief visits embassy, meets with Vietnamese community in Malaysia

Party chief visits embassy, meets with Vietnamese community in Malaysia

13:04 | 23/11/2024 News and Events

General Secretary of the Communist Party of Vietnam Central Committee To Lam, his spouse and a high-ranking Vietnamese delegation visited the Vietnamese Embassy and met with representatives of the Vietnamese community in Malaysia on November 23.
Party General Secretary receives leaders of major Malaysian groups

Party General Secretary receives leaders of major Malaysian groups

12:57 | 23/11/2024 News and Events

Vietnam always treasures and welcomes Malaysian enterprises to invest and do long-term business in the country, and continues to perfect its legal framework, improve the investment and business environment, and simplify administrative procedures to create the best conditions for them, General Secretary of the Communist Party of Vietnam Central Committee To Lam has affirmed.
Agritourism needs opportunities to “take off”

Agritourism needs opportunities to “take off”

12:05 | 23/11/2024 Tourism

Vietnam, with its developed agriculture, holds huge potential to development rural and agricultural tourism. However, this type of tourism has yet to receive appropriate attention, and is still waiting for suitable policies and right opportunities to “take off”, insiders have said.

Multimedia

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strengthening vietnam cambodia friendship and cooperation

Strengthening Vietnam-Cambodia friendship and cooperation

09:00 | 22/11/2024 Infographic

Chairman of the National Assembly Tran Thanh Man leads a high-ranking delegation to make an official visit to Cambodia, and attend some international events hosted by the neighboring country on November 21 to 24.
vietnam malaysia strategic partnership

Vietnam - Malaysia Strategic Partnership

10:54 | 21/11/2024 Infographic

Since the establishment of diplomatic relations, the relationship between Vietnam and Malaysia has been continuously strengthened and developed positively across all areas, especially since it was upgraded to a Strategic Partnership in August 2015.
vietnam dominican republic strengthening cooperation

Vietnam, Dominican Republic strengthening cooperation

08:45 | 20/11/2024 Infographic

At the invitation of Dominican President Luis Rodolfo Abinader Corona and his spouse, Prime Minister Pham Minh Chinh and his spouse, accompanied by a high-level Vietnamese delegation, pay an official visit to the Dominican Republic from November 19 to 21, 2024. This visit holds significant importance as it marks the first official trip by a Vietnamese leader to the Dominican Republic, taking place ahead of the 20th anniversary of diplomatic ties between the two nations (July 7, 2005 – July 7, 2025).
vietnam brazil strategic partnership

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

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.

Policy

New decree on using telecommunications accounts for payment proposed

New decree on using telecommunications accounts for payment proposed

09:29 | 22/11/2024 Policy

Currently, the use of a telecommunications account to pay for small-value goods and services in the country, called Mobile-Money service, is being implemented in a pilot programme.
Parliament approves amendments to pharmacy law

Parliament approves amendments to pharmacy law

08:54 | 22/11/2024 Policy

On drug price management, the NA Standing Committee reviewed and concurred with the Government’s proposal to implement measures for publishing projected wholesale prices for prescription drugs.
VAT tax reduction should continue until mid-2025: Ministry

VAT tax reduction should continue until mid-2025: Ministry

17:15 | 21/11/2024 Policy

Hanoi - The Ministry of Finance (MoF) has proposed Vietnam's value-added-tax (VAT) reduction should continue until at least June 2025, saying the tax cut has provided both the business community and the economy with much-needed support.
NA deputies scrutinise investment policy for North-South high-speed railway project

NA deputies scrutinise investment policy for North-South high-speed railway project

08:54 | 21/11/2024 Policy

The preliminary total investment for the project is estimated at VNĐ1.7 quadrillion (around US$67.34 billion). To ensure its progress and success, 19 special policies have been proposed.

Industry & Trade

Vietnam’s automotive supporting industry: A bright future ahead, riding the wave of growth

Vietnam’s automotive supporting industry: A bright future ahead, riding the wave of growth

20:42 | 22/11/2024 Industry

(VEN) - In recent years, the demand for transportation vehicles in Vietnam has surged rapidly, making the market highly promising, as assessed by experts.
VN

VN's food processing industry struggles to improve quality and value chain integration

11:36 | 22/11/2024 Industry

Despite accounting for 19.1 per cent of Việt Nam’s processing sector, the food processing industry has been struggling with major issues such as poor-quality raw materials and subpar value chain integration, said industry insiders and economists.
Tra fish sector aiming for production, processing greening for sustainable development

Tra fish sector aiming for production, processing greening for sustainable development

15:38 | 20/11/2024 Industry

HCM City - Greening production and processing to meet export requirements is both a trend and a necessity for many industries, including the tra fish sector.
Solutions discussed to ensure coal supply for electricity generation in 2025

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.

Investment

Thai packaging giant takes 30-year lease for largest ready-built factory in Tay Ninh

Thai packaging giant takes 30-year lease for largest ready-built factory in Tay Ninh

16:58 | 22/11/2024 Investment

Thantawan Industry Public Company Limited, a leading plastic bag and straw manufacturer with more than 40 years of experience in Thailand, officially took out a landmark 30-year lease for a ready-built factory at Phuoc Dong Industrial Park, the southern province of Tay Ninh.
Workshop seeks ways to attract Japan’s green investment to Vietnam

Workshop seeks ways to attract Japan’s green investment to Vietnam

09:43 | 20/11/2024 Investment

A workshop was held in Tokyo on November 18 to introduce to Japanese businesses investment trends in Vietnam and its pioneering industrial parks with carbon neutral initiatives.
Government approves investment policy to build Cam Lien Industrial Park in Quang Binh

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

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.

Finance-Banking

HDBank wins three awards at Vietnam Listed Company Awards 2024

HDBank wins three awards at Vietnam Listed Company Awards 2024

10:53 | 21/11/2024 Finance-Banking

The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank - HoSE: HDB) has received three prestigious awards at the Vietnam Listed Company Awards 2024, highlighting its leadership in the banking sector, as well as its dedication to transparency and governance.
VIB, Flywire partner to streamline cross-border payments for students from Vietnam

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

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

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.

Environment

Significant progress in fisheries

Significant progress in fisheries' environmental protection but challenges remain

09:35 | 22/11/2024 Environment

All provinces and cities across the country had issued plans and directives to implement specific activities of the project in line with local conditions.
Hà Nội prepares for temperature drop as cold front approaches

Hà Nội prepares for temperature drop as cold front approaches

16:56 | 21/11/2024 Environment

According to the NCHMF, the cold front will result in temperatures dropping sharply across the northern region.
Hundreds of damaged irrigation reservoirs need repairing

Hundreds of damaged irrigation reservoirs need repairing

09:02 | 20/11/2024 Environment

Việt Nam's system of dams and reservoirs is facing numerous challenges. Unusual rainfall patterns, flash floods due to climate change and the degradation of many structures pose significant safety risks.
Greening e-commerce crucial for sustainable development

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.

Science - Technology

Việt Nam and Korean NIPA strengthen tech cooperation

Việt Nam and Korean NIPA strengthen tech cooperation

10:42 | 22/11/2024 Science - Technology

The Minister of Information and Communications, Nguyễn Mạnh Hùng, commended NIPA for its contributions in assisting Việt Nam in establishing a legal framework for the draft digital industry law.
Cyberattack risks surge with AI advancements

Cyberattack risks surge with AI advancements

10:39 | 22/11/2024 Science - Technology

Cyberattacks are becoming more sophisticated and complex, especially with the assistance of artifical intelligence (AI), said Deputy Minister of Information and Communications Bùi Hoàng Phương.
People, community at heart of digital transformation: Deputy PM

People, community at heart of digital transformation: Deputy PM

09:26 | 21/11/2024 Science - Technology

He called on countries and organisations to bolster close cooperation to build an Internet community of safety, responsibility and development while laying stress on Việt Nam's significant progress in the digital transformation programme.
AI is core technology of 4th Industrial Revolution: Minister

AI is core technology of 4th Industrial Revolution: Minister

11:19 | 20/11/2024 Science - Technology

Minister of Information and Communications Nguyen Manh Hung on November 19 emphasised that artificial intelligence (AI) is the core technology of the 4th Industrial Revolution, as important as the steam engine of the first Industrial Revolution, the power generator of the 2nd Industrial Revolution and the personal computer of the 3rd Industrial Revolution.

Society

WB suggests five pillars for Vietnam’s electric transport plans

WB suggests five pillars for Vietnam’s electric transport plans

09:23 | 23/11/2024 Society

Vietnam’s roadmap for transitioning to electric vehicles (EVs) and decarbonising the transport sector should focus on five key pillars, including EV production, stimulating consumer demand, developing charging infrastructure, ensuring electricity supply, and training a highly skilled workforce, according to a report issued by the World Bank on November 22.
Association boosts insurance sector’s sustainable development

Association boosts insurance sector’s sustainable development

16:30 | 22/11/2024 Society

(VEN) - The Insurance Association of Vietnam has effectively played its role as a bridge between its member insurance companies and relevant state authorities while protecting the legitimate rights and interests of its members. Vietnam Economic News’ Kim Xuyen spoke with Nguyen Xuan Viet, Chairman of the Insurance Association of Vietnam about this.
Vietnam, Venezuela step up educational cooperation

Vietnam, Venezuela step up educational cooperation

16:23 | 22/11/2024 Society

Mexico City - An educational cooperation agreement for the 2024-2029 period was signed by Vietnam’s University of Technology and Management (UTM) and Andrés Bello Catholic University (UCAB) of Venezuela on November 21 as part of activities celebrating the 35th anniversary of diplomatic relations between the two countries (December 18, 1989-2024).
A series of scientific seminars on influenza prevention

A series of scientific seminars on influenza prevention

15:15 | 22/11/2024 Society

In Ho Chi Minh City, Sanofi Southeast Asia and India successfully organized and leveraged a series of scientific seminars on influenza, attracting over 400 healthcare professionals from both the region and around the globe.

Vietnamese Brands

Doubling insurance product’s payout significantly benefits customers

Doubling insurance product’s payout significantly benefits customers

16:22 | 22/11/2024 Vietnamese Brands

(VEN) - The Agriculture Bank Insurance Joint Stock Corporation (ABIC) has officially doubled the maximum payout for its Bao An insurance product to VND1 billion. This is a major breakthrough, enhancing financial protection for customers amid an increasingly volatile economy and rising demand for financial security.
PJICO: 30 years of development

PJICO: 30 years of development

11:19 | 22/11/2024 Vietnamese Brands

(VEN) - Throughout the past 30 years of establishment and development, Petrolimex Insurance Corporation (PJICO) has solidified its position in the non-life insurance sector and overcame numerous challenges.
VN takes part in food and beverage fair in Chicago

VN takes part in food and beverage fair in Chicago

09:45 | 20/11/2024 Vietnamese Brands

The event is organised by the Private Label Manufacturers' Association (PLMA).
Hòa Bình honey awaits reactions from UK

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.
tcty-dau-khi-vn-pv-power-2022

Culture

Exhibitions in Hà Nội downtown celebrate Heritage Day

Exhibitions in Hà Nội downtown celebrate Heritage Day

13:55 | 23/11/2024 Culture

This year marks the 19th anniversary of the Việt Nam Cultural Heritage Day since its inception in 2005, aiming to promote the traditions and sense of responsibility among those working to protect and promote the value of Việt Nam's cultural heritage.
Vibrant cultural rendezvous in Hanoi

Vibrant cultural rendezvous in Hanoi

15:30 | 22/11/2024 Lifestyle

(VEN) - The 2024 International Food Festival will take place from December 7-8 in Hanoi, aiming to promote cultural and culinary exchange among nations.
Cultural activities celebrate Việt Nam Heritage Day

Cultural activities celebrate Việt Nam Heritage Day

10:06 | 22/11/2024 Culture

One hundred paintings from traditional folk painting villages in Việt Nam will go on display at the central city’s Fine Arts Museum in celebration of Heritage Day from November 22-30.
Bac Ninh Province: Dong Ho folk painting needs urgent safeguarding

Bac Ninh Province: Dong Ho folk painting needs urgent safeguarding

15:04 | 20/11/2024 Culture

(VEN) - Dong Ho folk painting village, located in Dong Khe Hamlet, Song Ho Commune, Thuan Thanh Town, Bac Ninh Province, boasts an over-400-year history. Its origin is tied to the Vietnamese tradition of hanging paintings during the Lunar New Year (Tet), the Mid-Autumn Festival, and ancestor worship.

Tourism

Agritourism needs opportunities to “take off”

Agritourism needs opportunities to “take off”

12:05 | 23/11/2024 Tourism

Vietnam, with its developed agriculture, holds huge potential to development rural and agricultural tourism. However, this type of tourism has yet to receive appropriate attention, and is still waiting for suitable policies and right opportunities to “take off”, insiders have said.
Golden time for community-based tourism development

Golden time for community-based tourism development

10:38 | 22/11/2024 Tourism

(VEN) - Community-based tourism is a model in which local communities provide tourists with products and services and share the benefits generated by tourism.
Christmas Festival to entertain visitors to Đà Nẵng

Christmas Festival to entertain visitors to Đà Nẵng

09:53 | 22/11/2024 Tourism

A public space in celebration of Christmas Day and New Year – Danang X’mas-New Year – will be opened at the pedestrian area and stages on the Hàn River banks near the Rồng (Dragon) Bridge from December 19 to January 2, offering entertainment and festive activities for all residents and visitors.
How trekking the mountains lifted me up and above ... the clouds: conquering Lùng Cúng

How trekking the mountains lifted me up and above ... the clouds: conquering Lùng Cúng

09:45 | 22/11/2024 Tourism

Not only is trekking to the top of a mountain an active physical workout and you get a clean intake of oxygen, it is about the joy of overcoming yourself.
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