Economy

Hanoi – Nine ministries and agencies under the Government will be consolidated under a resolution on streamlining and optimising the political system, Minister of Home Affairs Pham Thi Thanh Tra told the Vietnam News Agency.

The plan will reduce at least four Party organisations, 25 Party delegations and 16 Party groups merged into others and add two more Party Committees under central management.

Achieving strategic goals not only requires extraordinary efforts and exceptional commitment but also does not allow any delay or slackening, with a revolution to build a truly elite and streamlined political system promptly carried out, the Party leader underscored.

HÀ NỘI – Prime Minister Phạm Minh Chính on Sunday signed an official dispatch demanding ministries, sectors, and localities to promote thrift practice and wastefulness combat.

Hanoi - Vietnam's rubber sector in general, and processing and export enterprises in particular have taken actions to comply with the EU’s Deforestation Regulation (EUDR) in order to avoid any impact on rubber exports to the EU market.

HÀ NỘI — Many experts in the field of nuclear energy believe that reviving the development of nuclear power is a correct policy.

The National Assembly approved the Government's proposal to restart the Ninh Thuan nuclear power project at its 8th working session on November 30.

The wood industry of Vietnam is likely to rake in US$16 billion from exports this year, far exceeding the initial target of US$14.2 billion set by the Ministry of Agriculture and Rural Development.

The number of Chinese manufacturers shifting production to the Vietnamese market has boomed since 2018, and the upward trend is set to continue over the coming years, the South China Morning Post (SCMP) of Hong Kong (China) confirmed.

Vietnam’s goal is not only to participate in the global value chain but also to build an advanced and attractive semiconductor industry ecosystem in the region and the world, which will help the country achieve self-reliance and sustainable development in this field. Currently, Vietnam has met the necessary conditions to be ready to welcome and cooperate with enterprises and investors from all over the world in the semiconductor industry.

The factory will begin trial operations in the second quarter of 2028 and is expected to provide jobs for 15,000 locals.

The People’s Committee of Ha Nam Province held a conference on the afternoon of November 26 to issue an investment certificate for the Thanh Binh II Industrial Park infrastructure development and business project.

National Assembly (NA) Chairman Tran Thanh Man and a high-ranking delegation of the Vietnamese legislature met with staff of the Vietnamese Embassy in Japan on December 4 as part of their official visit to the Asian nation.

The State Bank of Vietnam (SBV) on November 28 announced it would increase credit growth target for credit institutions, for the second time this year.

Prime Minister Pham Minh Chinh on November 27 ordered the Governor of the State Bank of Vietnam (SBV) to outline solutions aimed at improving credit management for 2024 in the face of evolving global economic challenges.

(VEN) - To ensure the sufficiency of loans for manufacturing businesses toward year’s end, many credit institutions in Bac Ninh Province have launched new credit packages with preferential interest rates.

A special exhibition featuring the history and development of Huế Citadel has opened at the Museum of Hồ Chí Minh City.

Vietnamese firms are making their mark at the 28th Artigiano International Handicrafts Fair in Milan, the capital of Lombardy - Italy's largest economic and cultural hub, from November 30 - December 8.

(VEN) - Hanoi has just introduced to consumers and tourists its cultural heritage - Hanoi Pho - in a unique way, which is digital Hanoi Pho.

Vietnam has achieved remarkable progress in global beauty rankings, earning increased recognition for its outstanding representatives winning titles at international beauty pageants.

Vietnam’s 2025 holiday schedule was announced early, which is expected to help both people and tour operators actively prepare for holidays across the year.

Cities facing challenges like population density, environmental stress and economic development pressure are recognising the potential of green tourism to address these issues.

The Asia Tourism Development Institute (ATI) and the Korea Tourism Management Association have organised a conference in Hà Nội to promote tourism, trade, and education cooperation between Việt Nam and the Republic of Korea (RoK).

Efforts in preserving flora and fauna ecosystems associated with developing eco-tourism in the Gao Giong cajeput forest in Dong Thap province's Cao Lanh district have contributed to attracting more tourists to the Mekong Delta locality.