Economy

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.

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.

Monetary policy forecast unlikely to loosen further

10:26 | 22/11/2024 Economy

It will be difficult for the State Bank of Vietnam (SBV) to further loosen monetary policy due to a rising USD/VNĐ exchange rate pressure, experts said.

Vietnam to grasp bigger business opportunities in Trump 2.0 administration: US media

09:23 | 22/11/2024 Economy

Vietnam has opened its doors to major firms for decades and is expected to have even greater business opportunities under the Trump 2.0 administration, according to the US-based website forbes.com.

Vietnam's internet economy projected to hit 36 billion USD in 2024

09:18 | 22/11/2024 Economy

Vietnam's e-commerce and digital economy remain highlights of the country’s socioeconomic development, with the internet economy to reach 36 billion USD this year, marking a 16% increase compared to 2023, heard a forum on digital transformation of industry and trade in 2024 in Hanoi on November 21.

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.

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.

Trước Sau

Latest Most Read

Prolonged rainfall and landslides disrupt life in central region

15:43 | 25/11/2024 Environment

Provincial authorities are monitoring weather developments closely and evacuating residents from flood-prone and high-risk areas.

Việt Nam must gear up for green mobility transition: experts

15:39 | 25/11/2024 Society

Việt Nam must develop charging infrastructure and ensure a stable electricity supply to prepare for the era of electric mobility transition.

Hanoi promotes craft village tourism

15:30 | 25/11/2024 Tourism

(VEN) - Dubbed as the Land of Hundreds of Occupations, Hanoi is having great advantages to promote craft village tourism, bringing economic and social benefits.

Huge potential for VN, UK to boost cooperation in clean energy

15:29 | 25/11/2024 Energy

There is a huge potential for Việt Nam and the UK to enhance cooperation in clean energy, as both countries have set ambitious goals for carbon neutrality moving towards a sustainable future, experts have said.

State leader hosts welcome ceremony for Bulgarian President

15:24 | 25/11/2024 News and Events

Hanoi – State President Luong Cuong and his spouse hosted a welcome ceremony in Hanoi on November 25 morning for Bulgarian President Rumen Radev and his spouse, who are on an official visit to Vietnam.

Bosch marks 10 consecutive years in Vietnam’s top 100 best workplaces

09:02 | 22/11/2024 Companies

Bosch Vietnam received two prestigious certifications this year: “Vietnam Best Places to Work 2024” and “Great Place to Work 2024”, marking its tenth consecutive year on these lists of the best workplaces in the engineering, high technology, and software categories.

SCG fosters ESG growth in youth through “Sharing the Dream Scholarship”

09:03 | 22/11/2024 Companies

SCG celebrated the successful conclusion of the 17th annual SCG Sharing the Dream scholarship program.

Vietnamese Party leader holds talks with Malaysian PM

09:43 | 22/11/2024 News and Events

General Secretary of the Communist Party of Vietnam (CPV) Central Committee To Lam on November 21 held talks with Malaysian Prime Minister Anwar Ibrahim, following an official welcome ceremony held for the Vietnamese leader at the Prime Minister’s Office in Putrajaya city.

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.

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.

Multimedia

Video Longform Infographic Photo

Banning motorbikes - a complex issue

09:32 | 24/11/2024 Society

Hà Nội is facing a serious problem because of polluted air and traffic congestion. Authorities plan to limit motorbikes in inner districts after 2025 and them gradually ban reduce the number of bikes on the roads from 2030. Are motorbikes the problem? Will this help ease congestion? Watch our video and tell us your comments.

Strengthening Vietnam-Cambodia friendship and cooperation

09:00 | 22/11/2024 Infographic

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.

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

Huge potential for VN, UK to boost cooperation in clean energy

15:29 | 25/11/2024 Energy

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.

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

Promoting credit for key agricultural sectors in Mekong Delta

11:11 | 25/11/2024 Finance-Banking

The Mekong Delta contributes 95% of Vietnam’s rice exports and accounts for 60% of the country’s total seafood export value. Recently, fruit exports have shown strong growth, with various fruits entering new markets. However, numerous credit-related obstacles are creating challenges regarding agricultural production loans in the region.

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.

Environment

Prolonged rainfall and landslides disrupt life in central region

15:43 | 25/11/2024 Environment

Provincial authorities are monitoring weather developments closely and evacuating residents from flood-prone and high-risk areas.

Tough negotiations to prevent Earth’s warming

10:38 | 24/11/2024 Environment

The 29th Conference of the Parties to the UN Framework Convention on Climate Change (COP29) in Baku, Azerbaijan, has failed to find common ground on the major issue of climate finance in the final hours of negotiations. Irreconcilable differences between countries are hampering global efforts to prevent Earth’s warming.

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.

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.

Science - Technology

Vietnam: A global magnet for scientific talent

16:58 | 24/11/2024 Science - Technology

Hanoi – Vietnam has rapidly established itself as a premier destination for scientific talent worldwide, driven by a robust policy framework aimed at nurturing talent and cultivating a skilled workforce for sustainable development.

Samsung launches technology talent development programm

09:36 | 24/11/2024 Science - Technology

Samsung Vietnam Complex on Friday officially launched the Samsung Innovation Campus (SIC) 2024–25, a Technology Talent Development Programme aimed at equipping Việt Nam’s youth - the future leaders of the Fourth Industrial Revolution - with advanced technological capabilities.

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.

Society

Việt Nam must gear up for green mobility transition: experts

15:39 | 25/11/2024 Society

Việt Nam must develop charging infrastructure and ensure a stable electricity supply to prepare for the era of electric mobility transition.

iCare+ App launched on App Store to accompany diabetes patients

14:30 | 25/11/2024 Society

A first-ever specialized application for diabetes diseases in Vietnam, iCARE+ - is officially launched on the App Store, extending the opportunity to approach diabetes patients.

Vietnam leads ASEAN in number of students studying in US

14:18 | 25/11/2024 Society

Hanoi - Vietnam leads member countries of the Association of Southeast Asian Nations (ASEAN) in the number of students studying in the US, with nearly 50% pursuing majors in the fields of science, technology, engineering, and mathematics (STEM), according to a report released this month by the Institute of International Education (IIE).

Hà Nội to change to green energy buses by 2035

09:49 | 25/11/2024 Society

It aims to have all of its buses in the capital to be electric or using green energy by 2035.

Vietnamese Brands

Petrovietnam grows strongly thanks to volatility management

07:29 | 24/11/2024 Companies

(VEN) - In the context of market volatility with complicated developments from epidemics, economic crises, to geopolitical instability, the proactive management of volatility of the Vietnam National Oil and Gas Group (Petrovietnam) has helped the group not only steadily overcome numerous difficulties, but also take advantages of new opportunities to set many records in production and business activities and make great contributions to the country’s economic growth.

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).

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

Hanoi promotes craft village tourism

15:30 | 25/11/2024 Tourism

(VEN) - Dubbed as the Land of Hundreds of Occupations, Hanoi is having great advantages to promote craft village tourism, bringing economic and social benefits.

Quang Nam to host UN international conference on rural tourism

09:46 | 24/11/2024 Tourism

The central coastal province of Quang Nam is scheduled to host the UN Tourism’s first Conference on Tourism for Rural Development on December 10, expected to bring together around 300 delegates, including government officials, international organisations, tourism stakeholders, and private sector representatives.

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.