Economy

Supply chain transparency, green production needed to promote VN's exports to the UK

09:37 | 21/11/2024 Economy

To effectively exploit the UKVFTA, exporters are urged to launch transparent supply chains, invest in green production and not use plastic packaging.

Việt Nam, Dominican Republic to expand business & investment cooperation, especially telecom, agriculture, tourism

09:19 | 21/11/2024 Economy

Vietnamese Prime Minister Phạm Minh Chính and President of the Dominican Republic Luis Abinader Corona expressed their satisfaction with the positive strides in the bilateral friendship and cooperation, particularly in politics-diplomacy, economy, trade, and development cooperation, as well as their mutual support at multilateral forums.

State-owned securities company trails competitors

09:52 | 20/11/2024 Economy

The securities subsidiaries of the Big4 banks remain relatively unremarkable, leaving limited impact on the market.

Trade growth between Việt Nam and Americas promoted by FTAs

09:31 | 20/11/2024 Economy

According to the Ministry of Industry and Trade, in the first ten months of 2024, Việt Nam's trade value with the Americas region reached more than US$136.5 billion, an increase of 20.7 per cent over the same period in 2023.

World Bank outlines path for Việt Nam to reach high income status

09:13 | 22/11/2024 Economy

In its report entitled "Việt Nam 2045: Trading Up in a Changing World – Pathways to a High-Income Future", the bank said integration into global markets has been the key driver of Việt Nam's development success over the past 40 years, propelling one of the longest and fastest economic expansions in modern history.

Deputies looking to unlock realty market with new land use initiative

09:59 | 21/11/2024 Economy

Lawmakers are set to discuss at the hall a draft resolution on piloting commercial housing project through land use rights transfer agreements at the ongoing 15th National Assembly’s eighth session on November 21.

Vietnam resolved to boost digital economy with national action plan

09:55 | 21/11/2024 Economy

Vietnam has adopted a national action plan on digital economy development, which outlines key tasks and solutions for the 2024-2025 period.

Tax shift: e-commerce platforms could shoulder seller tax responsibilities

09:21 | 20/11/2024 Economy

The proposed amendment would require platforms like Facebook, Apple and Netflix, which generate revenues in Việt Nam, to register and pay taxes directly or through authorised representatives starting January 1, 2025.

Vietnam emerges as forerunner in global nearshoring trend

11:04 | 19/11/2024 Economy

Vietnam has emerged as a leading destination for companies relocating their production facilities, aiming to protect supply chains from potential disruptions, according to an article published by Brazil’s riotimesonline.com on November 17.

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

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

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.

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

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

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

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.

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?

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

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

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'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.

Trước Sau

Latest Most Read

MoT view on raising emission standards for scooters from 2027

19:46 | 23/11/2024 Environment

(VEN) - The Prime Minister Notice No.518/TB – VPCP released recently by the Government Office has demonstrated the political determination and responsibility of enterprises in implementing the Party’s policies and the State’s laws and policies on environmental protection.

New Zealand announces new government scholarship for Vietnamese students

18:21 | 23/11/2024 Society

Education New Zealand (ENZ) recently announced the New Zealand Universities Awards (NZUA), a provider-based and government-supported scholarship initiative designed for Vietnamese students pursuing undergraduate studies in New Zealand.

Vietnam prioritises education for youths on friendship, solidarity with Cambodia: NA leader

18:19 | 23/11/2024 Cooperation

Vietnam places high importance on educating young people about the preservation and development of the country’s friendship and special solidarity with Cambodia, said National Assembly (NA) Chairman Tran Thanh Man at his meeting with former Cambodian NA President Samdech Heng Samrin in Phnom Penh on November 23.

Top Vietnamese leader concludes official visit to Malaysia

16:33 | 23/11/2024 News and Events

Kuala Lumpur – General Secretary of the Communist Party of Vietnam Central Committee To Lam, his spouse and a high-ranking delegation of Vietnam left Kuala Lumpur at noon on November 23, wrapping up their three-day official visit to Malaysia, at the invitation of Prime Minister Dato’ Seri Anwar Ibrahim and his spouse.

MM Mega Market hosts 2024 Customer Fair

16:29 | 23/11/2024 Companies

The 2024 Customer Fair took place at MM Mega Market Vietnam from November 21-22. This annual event was held across 21 stores of MM Mega Market nationwide.

Multimedia

Video Longform Infographic Photo

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

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

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

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.

Policy

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

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

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

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

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'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

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

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

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

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

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.

Finance-Banking

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

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.

Environment

MoT view on raising emission standards for scooters from 2027

19:46 | 23/11/2024 Environment

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

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

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.

Science - Technology

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

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

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

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

New Zealand announces new government scholarship for Vietnamese students

18:21 | 23/11/2024 Society

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

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

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).

Vietnamese Brands

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

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

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

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.

Culture

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

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

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

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”

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

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

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

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.