Economy

Aerospace factory opens in Da Nang

12:59 | 14/12/2024 Economy

The KP Aerospace Vietnam company from the Republic of Korea (RoK) officially opened a factory at the Da Nang Hi-Tech Park after 10 months of construction, marking the second aerospace industry project in the city.

Thai Binh enjoys another successful year in FDI attraction

12:54 | 14/12/2024 Economy

Foreign direct investment (FDI) inflows in the northern province of Thai Binh have exceeded 1 billion USD for the second consecutive year in 2024, according to local authorities.

Vietnamese fisheries sector navigating headwinds in US market

12:49 | 14/12/2024 Economy

Vietnam's fisheries exporters stand at a critical juncture in the US market, facing a complex landscape of potential opportunities and significant challenges in the coming years.

Standard Chartered highlights Vietnam’s positive but cautious outlook in 2025

10:00 | 13/12/2024 Economy

Standard Chartered has released its latest macroeconomic updates for Vietnam, forecasting the US dollar will strengthen in 2025 but weaken early in the year.

Vietnam's gaming industry reaching high score in entertainment sector

12:47 | 15/12/2024 Economy

Vietnam’s gaming industry has taken a significant stride in 2024, with many important activities conducted by the Ministry of Information and Communications (MIC) in collaboration with game producers and distributors to guide the growth of the sector.

Vietnam should tap domestic market for economic growth: insiders

12:43 | 15/12/2024 Economy

Vietnam's domestic market still holds significant untapped potential, and stimulating domestic consumption is a vital strategy to drive economic growth in the near future, according to economic experts.

B2C e-commerce market in bloom

13:04 | 14/12/2024 Economy

Vietnam’s B2C e-commerce market in 2024 has experienced growth of 18-20% in the first ten months of 2024.

Two-digit growth realistic, and on the horizon for Vietnam: experts

09:55 | 13/12/2024 Economy

Vietnam’s economic landscape is poised for robust growth, with experts forecasting the possibility of a remarkable two-digit expansion in the coming time, driven by foreign direct investment (FDI) and technological advancements.

Businesses need to understand and comply with competition laws

16:12 | 12/12/2024 Economy

(VEN) - On the morning of December 12, in Hanoi, the National Competition Commission under the Ministry of Industry and Trade organized a conference to introduce the process of handling anti-competitive practices.

Standard Chartered forecasts Vietnamese GDP growth at 6.7% next year

15:33 | 12/12/2024 Economy

Standard Chartered highlighted Vietnam’s positive but cautious outlook ahead in 2025, forecasting GDP growth of 6.7% next year, with growth easing from 7.5% on-year in the first half to 6.1% in the second half, according to the bank’s latest macro-economic updates for Vietnam.

German businesses show resilience in Vietnamese market amid challenges

09:18 | 12/12/2024 Economy

With the global economy continuing to experience sluggish yet stable growth, characterised by ongoing challenges and uncertainties, German businesses remain optimistic regarding the Vietnamese market, according to the latest AHK World Business Outlook Fall 2024 survey.

Vietnam's first logistics park opens in Lang Son

16:48 | 11/12/2024 Economy

The Viettel Lang Son Logistics Park, the first of its kind in Vietnam, officially opened in Cao Loc district, the northern mountainous province of Lang Son, on December 11.

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.

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.

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.

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Security, order guarantee must contribute to expanding development space: Party chief

16:56 | 17/12/2024 News and Events

Ensuring security and order must contribute to expanding space for development and strongly promoting investment, production, and business activities; create the most favourable conditions for all lawful activities, thus boosting the national growth and improving people's lives, said Party General Secretary To Lam at a conference on December 17.

Viet Nam's semiconductor industry revenue estimated at over US$18 billion in 2024

15:47 | 17/12/2024 Industry

Viet Nam's semiconductor industry revenue is estimated at US$18.23 billion in 2024, a year-on-year increase of 11.5 percent, according to Minister of Information and Communication Nguyen Manh Hung.

Creating an export identity for Vietnamese tea

15:40 | 17/12/2024 Economy

According to the Vietnam Tea Association, Vietnam is currently the fifth largest tea producer and exporter in the world. However, Vietnam’s average tea export price is only 65% of the leading tea-exporting countries’ average price and 55% of that of India and Sri Lanka. Therefore, improving product quality to create a new export identity is a challenge for Vietnam’s tea industry.

Vietnam’s tuna exports exceed US$900 million in 11 months

15:26 | 17/12/2024 Trade

(VEN) - According to the Vietnam Association of Seafood Exporters and Producers, in the first 11 months of 2024, Vietnam exported US$903 million worth of tuna, a year-on-year increase of 17 percent.

Over 500 luxury brands offer huge discounts at 2024 City Sale

14:54 | 17/12/2024 Economy

More than 500 luxury brands will offer huge discounts in the second phase of “CITY SALE 2024” - a programme aimed at boosting the sale of branded goods – in Ho Chi Minh City from December 18, 2024 to January 1, 2025, heard a press conference on December 16.

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.

Party chief calls for Dong Thap’s breakthrough development

16:38 | 11/12/2024 News and Events

Party General Secretary To Lam has urged the Mekong Delta province of Dong Thap to capitalise on its strengths and mobilise resources to make major breakthroughs, contributing to the development of the region and the nation as a whole.

Vietnam's first logistics park opens in Lang Son

16:48 | 11/12/2024 Economy

The Viettel Lang Son Logistics Park, the first of its kind in Vietnam, officially opened in Cao Loc district, the northern mountainous province of Lang Son, on December 11.

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.

Argentina supports initiation of Mercosur-Vietnam FTA negotiations: Ambassador

17:06 | 11/12/2024 Cooperation

(VEN) - Ambassador of Argentina to Vietnam Marcos Antonio Bednarski emphasized that Argentina fully supports the initiation of negotiations on a free trade agreement (FTA) between the Southern Common Market (Mercosur) and Vietnam.

Multimedia

Video Longform Infographic Photo

Total FDI registered in Vietnam hits 31.4 billion USD in January-November

09:02 | 17/12/2024 Infographic

As of November 30, 2024, the total newly registered capital, adjusted capital, and capital contributions or share purchases by foreign investors in Vietnam reached nearly 31.4 billion USD, up 1% increase compared to the same period last year.

First 11 months of 2024: Import-export turnover increases 15.4%

10:55 | 16/12/2024 Infographic

In the first 11 months of this year, Vietnam’s total import-export turnover reached 715.55 billion USD, up 15.4% against the same period last year, of which exports rose by 14.4% and imports up 16.4%. In the reviewed period, Vietnam enjoyed a trade surplus of 24.31 billion USD.

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.

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.

Policy

PM urges combating group interest during apparatus restructuring

10:47 | 13/12/2024 Policy

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

Viet Nam's semiconductor industry revenue estimated at over US$18 billion in 2024

15:47 | 17/12/2024 Industry

Viet Nam's semiconductor industry revenue is estimated at US$18.23 billion in 2024, a year-on-year increase of 11.5 percent, according to Minister of Information and Communication Nguyen Manh Hung.

Small nuclear reactors could power Vietnam’s net-zero future: experts

09:16 | 17/12/2024 Energy

Two Vietnamese professors who are working in the US have offered insights into the potential and challenges of nuclear power development in Vietnam, recommending an approach centred on small-scale nuclear reactors as drawn from international practices.

Vietnam home to 174 FDI projects in semiconductor sector

09:11 | 17/12/2024 Industry

Vietnam has emerged as a burgeoning hub for the semiconductor industry, now home to 174 foreign-invested projects with a total registered capital of nearly 11.6 billion USD, according to Minister of Planning and Investment Nguyen Chi Dung.

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.

Investment

Can Tho attracts non-state investment

10:21 | 17/12/2024 Investment

Can Tho has been planned as a nuclear urban centre of the Mekong Delta region and received central government attention after the National Assembly issued a resolution on piloting special mechanisms for Can Tho’s development.

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

Finance-Banking

Many banks increase deposit interest rates in year-end period

16:56 | 16/12/2024 Finance-Banking

In the year-end period, savings interest rates have become a focal point, with many banks adjusting their offerings, showing clear divergence.

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.

Environment

Master Plan on Sustainable Exploitation and Use of Coastal Resources announced

11:26 | 16/12/2024 Environment

(VEN) - The Master Plan on Sustainable Exploitation and Use of Coastal Resources for the 2021-2030 period, with a vision to 2050, was announced by the Ministry of Natural Resources and Environment on December 15 at a conference in Khanh Hoa Province.

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.

Science - Technology

Two VNA newspapers rated "excellent" in digital transformation maturity

14:29 | 17/12/2024 Science - Technology

Two newspapers of the Vietnam News Agency - VietnamPlus and Tin tuc (News) - are among the 28 press agencies in Vietnam rated “excellent” in digital transformation maturity by the Authority of Press under the Ministry of Information and Communications.

Russia’s autonomous area wants to boost IT cooperation with Vietnam

15:00 | 16/12/2024 Science - Technology

Pavel Tsiporin, Deputy Governor of Russia’s Khanty-Mansiysk Autonomous Area – Ugra, has expressed his hope for cooperation with ASEAN member states, including Vietnam, in information technology (IT).

Tokyo forum provides youngsters with insights into IT career

14:55 | 16/12/2024 Science - Technology

The Vietnamese Professionals in Japan (VPJ) held the VPJ Career Forum 2024 in Tokyo on December 14, which gathered more than 100 young Vietnamese intellectuals and featured five leading experts in the field of information technology (IT), aiming to give valuable insights to youngsters to better shape their career prospects.

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.

Society

Hanoi’s master plan targets per capita GRDP of 46,000 USD by 2050

16:19 | 16/12/2024 Society

The capital city’s per capita gross regional domestic product (GRDP) is expected to hit 45,000 - 46,000 USD while the urbanisation rate reach 80-85% by 2050, according to a newly-approved master plan for Hanoi in the 2021 - 2030 period with a vision to 2050.

Vietnamese students excel in mathematical skills, win big at int’l contest

16:14 | 16/12/2024 Society

Vietnamese students delivered exceptional performance and secured top honours at the 2024 UCMAS International Competition that took place in India from December 14-15.

Cashless electronic payment applied on all Hanoi bus routes

15:06 | 16/12/2024 Society

(VEN) - On the afternoon of December 15, the Hanoi People’s Committee issued a decision to expand cashless electronic payment across all 128 subsidized bus routes in the city.

Vietnam strives to complete 100,000 social houses by 2025

14:58 | 16/12/2024 Society

Based on statistics reported by localities, the Ministry of Construction projects that over 100,000 social housing units will be completed nationwide in 2025.

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

Legendary band Boney M to thrill Vietnamese audiences this Christmas

14:49 | 17/12/2024 Culture

World renowned disco band Boney M are set to enliven the Central Highland province of Lam Dong alongside celebrated singers and bands from the 1970s and 1980s, including Joy and Samantha Fox, during the Da Lat spring concert which will be held on December 21.

Ten prominent cultural, sports, tourism events in 2024 announced

14:39 | 17/12/2024 Culture

The Ministry of Culture, Sports, and Tourism on December 16 announced the top 10 cultural, sports, and tourism events for 2024 based on both direct and online voting.

Argentine culture moves closer to Vietnam with Tango dance

15:15 | 16/12/2024 Culture

(VEN) - The Tango dance from Argentina is sometimes lively, sometimes gentle, with sophisticated melody and lyrics, is getting closer to the Vietnamese people who love the Argentine culture.

Music night honours friendship of Vietnam, Latin American countries

15:04 | 16/12/2024 Culture

The 12th Latin American Music Night took place in Hanoi on December 15, showcasing vibrant Latin music and culture.

Tourism

Vietnam among top 3 destinations appealing to Australians

14:34 | 17/12/2024 Tourism

Australians are continuing to travel in record numbers with the latest data revealing Vietnam as one of the three top-growth destinations, according to the Singapore-based asianaviation.com on December 16.

Ha Long Bay celebrates 30 years as a world heritage site

15:16 | 16/12/2024 Tourism

Ha Long Bay, a breathtaking gem of Vietnam, was recognised as a World Natural Heritage site three decades ago, on December 17, 1994. This 30-year milestone not only marks a moment of pride for Vietnam but also underscores the immense responsibility that comes with safeguarding such a natural treasure.

“Biet dong Sai Gon - Legendary Tunnels" tour launched

15:10 | 16/12/2024 Tourism

The People’s Committee of District 10 in Ho Chi Minh City and the Chim Canh Cut Travel Service Joint Stock Company on December 14 launched an inter-district tourist tour named "Biet dong Sai Gon - Nhung can ham huyen thoai" (Saigon Special Forces - Legendary Tunnels."

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.