Economy

Việt Nam needs to improve policy quality to escape middle-income trap: conference

09:00 | 07/12/2024 Economy

Việt Nam needs to improve policy implementation to bring about sustained economic growth, while the middle-income trap is considered to be the biggest challenge during the path to a high-income economy by 2030, a conference held by the Australian National University in Canberra heard on Friday.

Việt Nam: a crucial partner for the US government, firms: US diplomat

08:10 | 07/12/2024 Economy

Việt Nam has become a major partner for the US government and businesses, serving as a key player in global supply chains.

Việt Nam's housing prices rise almost 60% in five years

08:53 | 06/12/2024 Economy

Việt Nam’s real estate prices over the past five years rose by 59 per cent, higher than the rate in many developed countries such as the US (54 per cent), Australia (49 per cent), Japan (41 per cent) and Singapore (37 per cent).

Việt Nam's ETFs withdraw nearly $53 million in November

08:42 | 06/12/2024 Economy

Foreign investors continued to increase their net selling activities in November, with total net sales exceeding VNĐ11.8 trillion. ETFs accounted for approximately 11.3 per cent of this total net selling value.

ADB raises growth forecasts for Vietnam

11:30 | 11/12/2024 Economy

The Asian Development Bank (ADB) raised its 2024 and 2025 growth forecasts for Vietnam to 6.4% and 6.6% from previous predictions of 6.0% and 6.2%, driven by stronger trade activities and ongoing fiscal stimulus measures.

UNDP to support Vietnam on path toward circular economy

16:58 | 10/12/2024 Economy

Hanoi – The UN Development Programme (UNDP) is willing to support Vietnam in conducting reforms to create an ecosystem to facilitate the transition to a greener circular and low-carbon economy, towards sustainable development, Resident Representative of UNDP in Vietnam Ramla Khalidi stated at the Vietnam Circular Economy Forum 2024 in Hanoi on December 10.

Information and communications sector’s revenue exceeds VND3.9 trillion in 11 months

16:40 | 08/12/2024 Economy

(VEN) - In the first 11 months of 2024, the total revenue of the information and communications sector reached an estimated VND3,982,742 billion, a year-on-year increase of 19.8 percent.

Vietnamese Government, US chip giant NVIDIA sign cooperation agreement

22:26 | 05/12/2024 Economy

Prime Minister Pham Minh Chinh and President and CEO of NVIDIA Jensen Huang on December 5 witnessed the signing of an cooperation agreement between the Government of Vietnam and the US chip giant on the establishment of an artificial intelligence (AI) research and development centre and an AI data center in Vietnam.

Hà Nội lures US$1.8 billion of FDI in 11 months

22:21 | 05/12/2024 Economy

In the January–November period, Hà Nội reported 258 new projects totalling $1.2 billion in registered capital, along with 180 active projects with combined capital increase of $283.2 million.

State budget revenue increases by 16 per cent in 11 months

16:57 | 05/12/2024 Economy

Government spending in the last 11 months also increased, by 4.7 per cent, compared to the same period last year.

Việt Nam needs to accelerate seaport greening

16:46 | 05/12/2024 Economy

Việt Nam needs policies to accelerate the greening of seaports for sustainable development in the future, according to experts at a seminar on green port development held on December 4 in HCM City.

AirAsia announces five new routes to Việt Nam

14:54 | 04/12/2024 Economy

AirAsia plans to strengthen Việt Nam's position as a key hub in the Indochina region by launching new routes to the popular destination.

Real estate market experiences positive recovery

14:36 | 04/12/2024 Economy

(VEN) - Experts have seen increasingly positive recovery of the real estate market towards year’s end despite many challenges.

Seminar seeks to boost Vietnam-China e-commerce cooperation

11:41 | 04/12/2024 Economy

The Ministry of Industry and Trade and the People’s Committee of the northern border province of Lang Son held a seminar on developing cross-border e-commerce on December 3.

Financial security and wellness: a key focus of Vietnamese customers

09:52 | 04/12/2024 Economy

Based on responses from 1,200 Vietnamese consumers in HCM City and Hà Nội, researcher NIQ found that 70 per cent of consumers prioritise financial security, while 66 per cent focus on securing their future well-being.

Recent appointments reduce Việt Nam’s “Trump risk” for investors

09:42 | 04/12/2024 Economy

Michael Kokalari, a chartered financial analyst and chief economist at VinaCapital, stated so in his recent report.

Drastic measures needed to accelerate disbursement of foreign-funded public investment

09:37 | 04/12/2024 Economy

Drastic measures are needed to remove roadblocks and accelerate the disbursement of foreign-funded public investment in the remaining months of this year, as the disbursement rate remains far below the target of 95 per cent, according to the Ministry of Finance.

Vietnam to lead Southeast Asia’s e-commerce revolution: IMARC report

11:27 | 03/12/2024 Economy

Vietnam is set to lead Southeast Asia’s e-commerce revolution, given that this industry potentially drives national economic transformation, according to the latest report published by IMARC Group, a market research provider, on December 1.

Foreign investors set sights on Việt Nam's food processing sector

11:13 | 03/12/2024 Economy

Việt Nam's potential in the agricultural processing sector has caught the eye of foreign investors, particularly from Japan, seeking partnerships and acquisitions.

Finding the balance between autonomy and oversight in state-owned enterprise reforms

11:10 | 03/12/2024 Economy

The draft Law 69 will replace the current Law 69/2014/QH13, marking a 'revolution' in how state capital is managed in enterprises.

Brunei a top-thee exporter of crude oil to Vietnam

10:50 | 03/12/2024 Economy

(VEN) - Vietnam imported and exported 14.3 million tonnes of crude oil worth US$8.93 billion from January 1 to November 15, 2024.

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Latest Most Read

Vietnam, GGGI continue cooperating in green growth

20:08 | 15/12/2024 Cooperation

The Ministry of Planning and Investment (MPI) and the Global Green Growth Institute (GGGI) have launched the Vietnam-GGGI Country Planning Framework (CPF) for the 2024-2028 period to enhance their cooperation in the next five years, according to the ministry.

11-month agro-forestry-fishery exports exceed yearly target

19:55 | 15/12/2024 Infographic

Vietnam’s total export turnover of agro-forestry-fishery products in the first 11 months of 2024 reached 56.74 billion USD, an increase of 19% over the same period in 2023. The sector has exceeded the set target of 54-55 billion USD for the whole year, and is confidently aiming for a new record of 60 billion USD.

Steering Committee for operation of Long Thanh Airport established

17:25 | 15/12/2024 Society

(VEN) - On December 14, the Ministry of Transport issued the decision on the establishment of the Steering Committee for the Preparation for the Operation of Long Thanh International Airport (Long Thanh Airport).

Deputy PM receives Cuban Minister of Agriculture

17:02 | 15/12/2024 Cooperation

Vietnam is fully committed to, together with Cuba, lead the two countries' traditional friendship to overcome challenges and difficulties, Deputy Prime Minister and Foreign Minister Bui Thanh Son told Cuban Minister of Agriculture Ydael Jesus Pezez Brito at their meeting in Hanoi on December 14.

Party chief pays tribute to President Ho Chi Minh at House 67

16:58 | 15/12/2024 News and Events

Party General Secretary To Lam paid his respect to President Ho Chi Minh at House 67 in the President Ho Chi Minh Relic Site inside the Presidential Palace in Hanoi on December 15 morning on the occasion of 70 years since the late leader lived and worked at the Palace.

Multimedia

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11-month agro-forestry-fishery exports exceed yearly target

19:55 | 15/12/2024 Infographic

Hanoi achieves or exceeds 23/24 socio-economic targets for 2024

08:57 | 13/12/2024 Infographic

Hanoi achieves rather comprehensive results in its socio-economic development in 2024, with 23/24 targets completed or exceeded.

Quang Trach – Pho Noi 500kV circuit-3 power transmission line: Miracle in infrastructure development

09:05 | 12/12/2024 Infographic

Quang Trach – Pho Noi 500kV circuit-3 power transmission line is a key project with a total investment of nearly 880 million USD. Spanning 9 provinces, the 519-km power transmission line plays an important role in enhancing the operational stability for the electricity supply system in the north in 2024 and following years, contributing to ensuring the national energy security.

Foreign tourists to Vietnam up 41% in January-November

09:11 | 11/12/2024 Infographic

In the first 11 months of 2024, Vietnam welcomed more than 15.8 million international visitors, up 41% over the same period last year. Visitors by continent included: Asia (12.61 million), Europe (1.78 million), and America (0.91 million), among others.

16 intangible cultural heritage elements recognised by UNESCO

10:06 | 06/12/2024 Infographic

The Ba Chua Xu (Holy Mother of the Realm) Festival at Sam mountain in the Mekong Delta province of An Giang was officially recognised by UNESCO as intangible cultural heritage of humanity at the 19th session of the Intergovernmental Committee for the Safeguarding of the Intangible Cultural Heritage in Paraguay on December 4. With this recognition, the festival has become the 16th intangible cultural heritage element of Vietnam recognised by UNESCO.

Policy

PM urges combating group interest during apparatus restructuring

10:47 | 13/12/2024 Policy

Prime Minister Pham Minh Chinh on December 12 highlighted the need to counteract group interests and personal gains during the restructuring process of the organisational apparatus, and develop appropriate policies to safeguard officials and public servants’ legitimate rights and interests.

Vietnam viewed as a priority in India's Act East policy

15:20 | 12/12/2024 Policy

The Secretary (East) at the Indian Ministry of External Affairs has highlighted Vietnam as one of the first countries with which India has engaged in a multi-dimensional manner as part of the South Asian nation’s Act East policy.

Australia shows interest in Việt Nam's vision of a 'rising era'

16:54 | 08/12/2024 Policy

Việt Nam and Australia shared a vision of a peaceful, stable, and prosperous region and the relationship between Việt Nam and Australia have been growing fruitfully in all sectors.

Plan to streamline Government's organisational apparatus finalised

09:38 | 06/12/2024 Policy

According to Minister of Home Affairs Phạm Thị Thanh Trà, the government's restructuring extends beyond ministerial consolidation, and the number of units under ministries and ministerial-level organisations will be cut by 15-20 per cent

Industry & Trade

Garment industry urged to gain self-sufficiency in raw materials for UK expansion

15:23 | 13/12/2024 Industry

Vietnam’s garment and textile industry needs to develop a closed-loop supply chain with a focus on obtaining self-sufficiency in raw materials in order to meet the rules of origin under the UK – Vietnam Free Trade Agreement (UKVFTA) for expanding exports to this market.

Vietnam’s industrial production rises by 8.4% in 11 months

16:29 | 09/12/2024 Industry

Hanoi – Vietnam's index of industrial production (IIP) in the January – November period rose 8.4% from the same period last year, reported the General Statistics Office (GSO).

Việt Nam needs a competitive energy market: experts

16:59 | 08/12/2024 Energy

Economists, industry experts and policymakers at the event highlighted several critical challenges facing the country’s energy sector and the urgent need for strategic reforms.

Việt Nam resumes nuclear power project amid rising energy demands

17:07 | 07/12/2024 Energy

Vietnamese law-markers have approved the plan to resume the nuclear power project in the south – central province of Ninh Thuận after eight years of pause in an effort to ensure energy security while meeting Net Zero goal.

Investment

FDI remains vital contributor to boost economic growth

09:06 | 13/12/2024 Investment

Foreign direct investment (FDI) remains one of the most vital drivers of national economic growth, recording remarkable results in 2024.

Total investment for Bien Hoa - Vung Tau expressway project to increase by VND6.3 trillion

14:54 | 12/12/2024 Investment

(VEN) - The total investment of Bien Hoa - Vung Tau expressway project is expected to increase by nearly VND6.3 trillion compared to the initial estimate approved by the National Assembly.

HCM City lays out plans for sound business climate with Japanese firms

16:50 | 11/12/2024 Investment

Ho Chi Minh City pledges to develop an equal and transparent business climate for foreign firms, including those from Japan, to aid in business development plans in the southern economic hub, Vice Chairman of the municipal People’s Committee Vo Van Hoan said on December 9.

Hai Phong – a bright spot in attracting foreign investment

09:47 | 09/12/2024 Investment

With its advantageous geographical location, convenient transport connections, attractive investment environment, and consistent stance that the development of businesses is the development of the city, Hai Phong has witnessed a strong rise to become a bright spot in attracting foreign direct investment (FDI).

Finance-Banking

Deputy PM urges extra efforts to remove Vietnam from money laundering grey list

15:16 | 13/12/2024 Finance-Banking

Deputy Prime Minister Ho Duc Phoc on December 12 urged ministries and sectors to do their utmost to implement the Financial Action Task Force (FATF)’s 17 recommendations to lift Vietnam out of its list of Jurisdictions under Increased Monitoring (grey list) related to money laundering.

Realty stocks see signs of recovery

15:07 | 10/12/2024 Finance-Banking

The Vietnamese real estate market is signalling the end of a prolonged downturn, with notable signs of recovery in profitability. However the pace of revival remains measured, due to sluggish sales and limited improvements in consumer incomes.

Finance ministry to use AI in stock market surveillance

09:18 | 08/12/2024 Finance-Banking

The Ministry of Finance announced on Friday that it is researching using artificial intelligence (AI) tools to monitor transactions in the stock market.

Year-end profits put heavy pressure on banks

15:12 | 06/12/2024 Finance-Banking

(VEN) - As of the third quarter of 2024, only 11 out of 27 commercial banks have completed 75 percent or more of their pre-tax profit plans. Therefore, the year-end profit target is a huge pressure weighing heavily on their shoulders.

Environment

French agency ready to support Ninh Thuan in climate adaptation project

11:38 | 14/12/2024 Environment

The French Development Agency (AFD) has expressed its readiness to assist the south-central province of Ninh Thuan in preparing necessary conditions for the early implementation of a project aimed at addressing drought, erosion, and flooding, and climate change adaptation.

Bac Ninh closely monitors environmental protection at local craft villages

08:59 | 11/12/2024 Environment

(VEN) - Environmental pollution in some craft villages in the northern province of Bac Ninh has long become a “hot” issue. One typical example is the case of Phong Khe paper production village in Bac Ninh City.

Steel, thermal power enterprises participate in training course on ETS and carbon market

15:01 | 10/12/2024 Environment

From December 9-10, in Hanoi, 60 enterprises in the North participated in a training course on the Emission Trading System (ETS) and carbon market using the CarbonSim simulation tool.

Seeking capital for green transformation remains tough

16:52 | 05/12/2024 Environment

(VEN) - Shifting to green economy has become the goal of many countries and businesses around the world, including Vietnam. However, capital for green transition is still a difficult problem for the Vietnamese business community.

Science - Technology

NVIDIA deal – catalyst for Vietnam’s tech growth: investment site

09:48 | 13/12/2024 Science - Technology

Vietnam’s partnership with US tech giant NVIDIA has reflected the Southeast Asia country’s proactive technology development strategy as well as its significant economic potential, according to Vietnam-briefing.com, an investment site of legal tax and operational advisory provider Dezan Shira & Associate.

Vietnam among pioneers in responsible technology development: Singaporean site

15:23 | 10/12/2024 Science - Technology

In an era where Artificial Intelligence (AI) is advancing at a rapid pace, Vietnam is taking steps to ensure that its AI development is ethical and socially responsible, according to an article recently published on Singaporean site opengovasia.com.

NVIDIA to build AI research and data centres in VN

08:50 | 06/12/2024 Science - Technology

An agreement to develop two centres dedicated to artificial intelligence (AI) studies was signed between the Vietnamese Government and the American technology company NVIDIA.

VinFuture Sci-Tech Week starts in Hà Nội

16:53 | 05/12/2024 Science - Technology

VinFuture Foundation organised the 'Science for Life' symposia on December 4, opening the VinFuture Sci-Tech Week and Award Ceremony series in Hà Nội.

Society

Steering Committee for operation of Long Thanh Airport established

17:25 | 15/12/2024 Society

Vietnam needs 14 billion USD to develop EV charging stations

16:46 | 14/12/2024 Society

To build a green transport system, Vietnam will need nearly 14 billion USD to develop a network of charging stations, said insiders.

Nearly VND8.3 trillion Thuong Cat Bridge construction project approved

15:08 | 13/12/2024 Society

(VEN) - On December 12^th, Vice Chairman of the Hanoi People’s Committee Duong Duc Tuan signed a decision approving the plan and location of Thuong Cat Bridge project.

Hanoi plans to build nearly 600km of urban railway by 2045

10:51 | 13/12/2024 Society

Hanoi has approved the development of a comprehensive plan to invest in the capital’s urban railway system, with the goal of constructing more than 600 kilometres of rail by 2045.

Vietnamese Brands

Hanoi promotes key industrial products

12:57 | 15/12/2024 Vietnamese Brands

Thirty-six products from 25 businesses were selected and recognised as Hanoi’s key industrial products for 2024.

Building a strong brand for Ha Giang’s thick-skinned orange

14:31 | 12/12/2024 Vietnamese Brands

(VEN) - With high nutritional value good for health, the thick-skinned orange has become well-known as a specialty of Ha Giang Province.

2024 Vietnam Business Day opens shop in Japan

14:49 | 04/12/2024 Vietnamese Brands

The Vietnam Business Association in Japan (VJBA) on December 3 held the 2024 Vietnam Business Day with the theme “Shared Vision, Shared Success".

Việt Nam's OCOP products debut at AF-L'ARTIGIANO IN FIERA 2024 in Milan

14:55 | 02/12/2024 Vietnamese Brands

Under the theme 'Việt Nam’s OCOP Products: Gathering Values, Spreading Culture', Việt Nam’s pavilion spans 200 square metres.

Culture

Hue has rich potential for green, digital economic development

13:07 | 15/12/2024 Culture

Hue holds significant advantages in leveraging its heritage as a foundation for green and digital economic growth.

Kinh Bac Art 3 contemporary painting exhibition opens

13:14 | 08/12/2024 Culture

(VEN) - On the afternoon of December 7, the Kinh Bac Art 3 contemporary painting exhibition was opened at the Appraisal and Exhibition Center of Art and Photography, 29 Hang Bai Street, Hoan Kiem District, Hanoi.

Exhibition on royal culture of Huế opens

14:45 | 04/12/2024 Culture

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

Vietnamese artisans bring unique handicrafts to Milan

11:35 | 03/12/2024 Culture

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.

Tourism

Cao Bang promotes UNESCO-recognised global geopark

13:11 | 15/12/2024 Tourism

The northern mountainous province of Cao Bang has made significant efforts to preserve the heritage values of its Non nuoc Cao Bang UNESCO Global Geopark, aiming to foster sustainable tourism development.

International visitors praise Phu Quoc as “beyond expectations”

14:05 | 09/12/2024 Tourism

According to top travel agencies, airlines, and leading online travel platforms, Phu Quoc offers world-class tourism products, leaving international visitors amazed every time they return.

Leading global tourism enterprises hail Phu Quoc as "Hawaii of the East"

09:20 | 09/12/2024 Tourism

Over 70 representatives from leading global airlines, travel agencies, and online travel platforms gathered in Phu Quoc for the famtrip program “Journey to Your True Paradise.” This significant event highlighted Phu Quoc’s potential, with participants unanimously recognizing the island as a “Hawaii of the East.”

Vietnam among top five favorite destinations for US tourists

21:08 | 08/12/2024 Tourism

(VEN) - In the first 11 months of 2024, the US is in the list of Vietnam's leading source of tourists with more than 706,000 visitors.