Economy

Vietnam emerges as East Asia – Pacific’s economic powerhouse: WB

14:33 | 20/12/2024 Economy

Vietnam has distinguished itself as one of the fastest-growing economies in the East Asia-Pacific region in 2024. The country's remarkable performance is attributed to a robust recovery in exports coupled with strong domestic demand, Andrea Coppola, the World Bank's Lead Country Economist and Programme Leader for Equitable Growth, Finance and Institutions in Vietnam, Cambodia, and Laos, told the Vietnam News Agency.

Tax revenue surpasses 1.7 quadrillion VND

14:28 | 20/12/2024 Economy

Vietnam’s tax sector has collected a record-high revenue of 1.7 quadrillion VND (66.7 billion USD) for the state budget in 2024, the General Department of Taxation reported at a conference on December 19.

Vietnam’s GDP growth to outpace region peers: Oxford Economics

14:22 | 20/12/2024 Economy

Vietnam will be the standout among the top six ASEAN economies (ASEAN-6), growing at a faster pace relative to its peers during the next few years, according to the Oxford Economics, a global economic advisory firm.

Five businesses fined over VND2 billion for violating competition laws

17:23 | 19/12/2024 Economy

(VEN) - Based on the investigation of competition law violations in 2024, the National Competition Commission (NCC) has decided to impose fines totaling over VND2 billion on five businesses.

Vietnam, China’s Hong Kong strengthening economic collaboration

16:57 | 20/12/2024 Economy

Two-way trade between Vietnam and China’s Hong Kong in the first ten months of 2024 surged 32% year-on-year to 32.3 billion USD, marking a significant step forward in bilateral economic cooperation, particularly in rolling out agreements reached during the visit of Chief Executive of the Hong Kong Special Administrative Region, John Lee Ka-chiu to Vietnam last July.

Trade Minister explores market opportunities in Japan

16:24 | 20/12/2024 Economy

A Vietnamese delegation from the Ministry of Industry and Trade led by Minister Nguyen Hong Dien on December 18 visited Jinro Inc., a branch of the Republic of Korea (RoK)’s HiteJinro Group in Japan, to explore cooperation opportunities.

Vietnam draws 5,369 Japanese projects worth nearly 80 billion USD

14:45 | 20/12/2024 Economy

Japan has invested in 5,369 projects worth 76.76 billion USD in Vietnam as of the end of the second quarter this year, making it the third largest foreign investor in the country, Deputy Minister of Construction Nguyen Tuong Van told the 9th Vietnam-Japan Conference on Construction in Hanoi on December 19.

Vietnam among Asia’s 15 largest economies

17:23 | 19/12/2024 Economy

The statistical visualisation platform Seasia Stats recently ranked Vietnam among the top 15 economies in Asia, with projected economic output reaching some 506 billion USD in 2025.

High-tech investment flows into HCM City

16:35 | 19/12/2024 Economy

Major domestic and international corporations are proposing high-tech projects in Ho Chi Minh City, signaling a shift toward innovation-focused investment.

Brazil solidifies position as Vietnam's biggest trade partner in Latin America

16:23 | 19/12/2024 Economy

With bilateral trade hitting 7.1 billion USD in the first 11 months of this year, Brazil remains Vietnam's largest trading partner in Latin America, according to Vietnamese Ambassador to the Latin American nation Bui Van Nghi.

Vietnam's import-export surges 15.3%

16:14 | 19/12/2024 Economy

Vietnam's total import-export turnover reached 745 billion USD as of December 14, marking a robust 15.3% growth compared to the same period in 2023, according to the General Department of Vietnam Customs.

Investors wait for a boost in the IPO market

09:27 | 18/12/2024 Economy

A new chapter is expected to unfold in Vietnam's financial market, as companies across various sectors gear up for their initial public offerings (IPOs), signalling a notable shift in the country's investment landscape.

Six SOEs to be transferred back to industry ministry

09:24 | 18/12/2024 Economy

Six State–owned enterprises (SOEs) with a total State stake of 800 trillion VND (31.5 billion USD) will be transferred back to the Ministry of Industry and Trade (MoIT) after six years under the management of the Commission for the Management of State Capital at Enterprises (CMSC).

Regional, int’l financial hubs to help boost national economy: Deputy PM

09:19 | 18/12/2024 Economy

Developing regional and international financial hubs in Vietnam is expected to create new mechanisms and resources, and serve as a "boost" for the national economy, Deputy Prime Minister Nguyen Hoa Binh said while chairing a meeting discussing the implementation of the Politburo's conclusion on building the hubs in Hanoi on December 17.

Experts advise on HCM City's potential to become key service hub

09:05 | 18/12/2024 Economy

Thanks to its distinctive business advantages, especially in boosting the growth of the service sector, Ho Chi Minh City has the potential to become a major service hub of the region, experts said at a conference in the city on December 17.

Retail giants to ensure sufficient supply, steady prices of Tet goods

08:59 | 18/12/2024 Economy

Saigon Co.op has stockpiled more than 12,000 tonnes of essential goods traditionally consumed for the upcoming Lunar New Year (Tet) holiday in late January, or 30-50% higher than normal.

Vietnam sees growing number of Chinese investors: forum

08:53 | 18/12/2024 Economy

With sustained economic growth over years, Vietnam continues to impress and attract an increasing number of Chinese investors, participants said at an investment and trade forum between Ho Chi Minh City and China’s Guangdong-Hong Kong-Macao Greater Bay Area (GBA) in the southern economic hub on December 17.

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.

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.

More than half of Japanese firms plan to expand in Vietnam: Survey

14:44 | 17/12/2024 Economy

More than 56% of the Japanese companies currently operating in Vietnam have said they plan to expand their operations in the next year or two, according to the latest survey by the Japan External Trade Organisation (JETRO).

Embassy promotes Vietnam-Bangladesh economic trade ties

14:25 | 17/12/2024 Economy

A delegation from the Vietnamese Embassy in Bangladesh and a group of Vietnamese businesses led by Ambassador Nguyen Manh Cuong visited and worked with government agencies and business partners in Sylhet city of Moulvibazar province, and Habiganj province.

Trước Sau

Latest Most Read

HGS affirms ground service quality in aviation sector

17:19 | 23/12/2024 Companies

(VEN) - During the 17-year establishment and development period, the Hanoi Ground Services Joint Stock Company (HGS) has affirmed its name and solid position in providing ground services for the Vietnamese aviation sector.

Banking sector: Capital flows with no congestion

17:13 | 23/12/2024 Finance-Banking

(VEN) - So far, despite the difficulties in capital sources, the Vietnamese banking sector continued to maintain stability. Capital injection into the economy has been more favorable, with no congestion like in previous years. That is a great achievement of the sector in 2024.

VAECO contributes to elevating Vietnamese aviation brand

17:11 | 23/12/2024 Vietnamese Brands

(VEN) - A subsidiary of Vietnam Airlines, the Vietnam Airlines Engineering Company Limited (VAECO), currently provides maintenance, repair and overhaul (MRO) services for the entire Vietnam Airlines fleet and over 80 other commercial airlines worldwide.

Amended Electricity Law proves MoIT’s institutional improvement success

17:06 | 23/12/2024 Policy

(VEN) - The amended Electricity Law has been recently passed by the National Assembly, marking a new milestone deeply influenced by the Ministry of Industry and Trade (MoIT) in enhancing the institutional framework in a “rapid” spirit.

FTAs enhance Vietnam-China trade growth

17:02 | 23/12/2024 Cooperation

(VEN) - Economists have said free trade agreements (FTAs) and the establishment of a comprehensive strategic cooperative partnership between Vietnam and China have strongly promoted bilateral trade development in recent years.

UK’s All-Party Parliamentary Group for Vietnam debuts in London

09:14 | 18/12/2024 Cooperation

The UK’s All-Party Parliamentary Group for Vietnam (Vietnam APPG) made its debut in London on December 16, expected to help strengthen the two countries’ comprehensive cooperation as they prepare to celebrate the 15th anniversary of their strategic partnership next year.

PM requests no one be left behind in apparatus restructuring

09:16 | 18/12/2024 Policy

Prime Minister Pham Minh Chinh on December 17 requested the development of regimes and policies to ensure the legal and legitimate rights and interests of officials, civil servants, public employees, and labourers in the restructuring of the organisational apparatus, with no one left behind.

Regional, int’l financial hubs to help boost national economy: Deputy PM

09:19 | 18/12/2024 Economy

Six SOEs to be transferred back to industry ministry

09:24 | 18/12/2024 Economy

11 rare monkeys released back into wild in Nghe An

09:27 | 18/12/2024 Environment

Eleven rare monkeys were released into the Pu Huong Nature Reserve in the central province of Nghe An on December 17.

Multimedia

Video Longform Infographic Photo

Glorious tradition of the Vietnam People's Army

08:30 | 22/12/2024 Infographic

The Vietnam People’s Army (VPA) celebrate its 80th founding anniversary on December 22, 2024, a milestone in the army’s glorious history of serving and defending the nation. After 80 years of construction and development, the VPA has truly proven its revolutionary nature as an army “born from the people, fighting for the people, and serving the people”.

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.

Policy

Amended Electricity Law proves MoIT’s institutional improvement success

17:06 | 23/12/2024 Policy

Ministry proposes extending agricultural land tax exemption through 2030

15:06 | 23/12/2024 Policy

The Ministry of Finance has proposed the National Assembly extend the agricultural land tax exemption until December 31, 2030, a move aimed at encouraging investments in agriculture and rural areas to improve the competitive edge of the agricultural products amidst deeper international integration.

Gov't targets to gradually make English second language at schools by 2030

15:45 | 21/12/2024 Policy

The Government has approved a plan for international cooperation in the field of education and training until 2030 in order to improve the quality of workforce for socio-economic development.

Nine newly-adopted laws made public

16:42 | 20/12/2024 Policy

The Presidential Office on December 20 announced the President’s order to make public nine new laws that were passed by the 15th National Assembly at its eighth session.

Industry & Trade

Success story behind 500kV Circuit-3 transmission line project

16:43 | 23/12/2024 Energy

(VEN) - After over-seven-month construction, the 500kV Circuit-3 Quang Trach - Pho Noi power transmission line project, with its enormous workload, was completed on schedule, marking a milestone of the Vietnamese electricity sector in 2024.

Ministry proposes incentives for renewable energy projects

16:17 | 20/12/2024 Energy

The Ministry of Industry and Trade has proposed incentives to attract investments in renewable energy projects in a draft decree on implementing the Law on Electricity, which has recently been made public for comments.

The Era of Advancement for Vietnam Industrial Park

17:15 | 19/12/2024 Industry

(VEN) - The Vietnam Industrial Park Forum 2024, themed “The Era of Advancement for Vietnam Industrial Park”, is officially held in Ho Chi Minh City.

Vietnamese coffee sector working to meet EU Deforestation Regulation

16:38 | 18/12/2024 Industry

The Vietnamese Ministry of Agriculture and Rural Development (MARD) and the Sustainable Trade Initiative (IDH) organisation of the Netherlands on December 17 co-organised the handover ceremony of the pilot results for the database system for forests and coffee-growing areas in compliance with the EU Deforestation Regulation (EUDR).

Investment

Nghe An Southeast Economic Zone aims to attract 1 billion USD in FDI in 2025

12:33 | 21/12/2024 Investment

The Southeast Economic Zone of Nghe An Province targets attracting around 1 billion USD in foreign direct investment (FDI) in 2025, heard at a conference held by the Nghe An Southeast Economic Zone Management Board in Vinh City on December 20.

Boeing aims to expand investment and cooperation in Vietnam’s defense sector

17:00 | 19/12/2024 Investment

Mr. Dale McDowall, Executive Leader, Defense and Aerospace, Singapore and Southeast Asia at Boeing's Defense, Space & Security, announced that Boeing aims to invest in Vietnam and expand cooperation in the defense sector.

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.

Finance-Banking

Banking sector: Capital flows with no congestion

17:13 | 23/12/2024 Finance-Banking

Year-end surge in property bond issuance amid financial challenges

09:39 | 20/12/2024 Finance-Banking

As 2024 draws to a close, Vietnam's real estate industry is witnessing a notable surge in corporate bond issuances.

Vietcombank named most valuable brand in Vietnam

16:43 | 18/12/2024 Finance-Banking

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has become the most valuable brand in Vietnam in 2024, according to a recently released report of Forbes Vietnam.

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.

Environment

Vietnam likely to face continued turbulent weather systems in 2025

14:26 | 19/12/2024 Environment

Global temperatures are expected to rise next year, posing a significant risk of extreme and prolonged heat waves in Vietnam, Mai Van Khiem, Director of the National Centre for Hydro-Meteorological Forecasting (NCHMF), has predicted.

Nature-based projects help Mekong Delta fight climate change

16:31 | 18/12/2024 Environment

Nature-based projects implemented by the World Wildlife Fund (WWF) Vietnam in the Mekong Delta region have helped support local residents to adapt to climate change, heard at a workshop which is part of The Mekong Connect Forum 2024 held in Mekong Delta province of An Giang on December 17.

11 rare monkeys released back into wild in Nghe An

09:27 | 18/12/2024 Environment

Eleven rare monkeys were released into the Pu Huong Nature Reserve in the central province of Nghe An on December 17.

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.

Science - Technology

Contracts worth 286.3 million USD inked at Vietnam Int’l Defence Expo 2024

17:02 | 22/12/2024 Science - Technology

Sixteen contracts worth 286.3 million USD in total, and 17 cooperation agreements between Vietnam’s defence industry units and businesses from various countries such as the US, India, France and Belgium were signed at the Vietnam International Defence Expo 2024 held in Hanoi from December 19-22.

Vietnam can partner with UK in developing nuclear power: Expert

12:43 | 21/12/2024 Science - Technology

Vietnam should research the feasibility of applying small modular nuclear reactor technology that the UK is currently working on, according to Dr. Dao Duc Cuong from the mechanical, engineering and energy faculty of the University of Bradford of the UK.

Vinaphone launches fastest 5G service in Vietnam

12:38 | 21/12/2024 Science - Technology

Vinaphone, the mobile network operator under the Vietnam Posts and Telecommunications Group (VNPT), has launched its official 5G service offering ultra-fast speed and unparalleled experience for both individual users and businesses alike.

Vietnam cooperates with Google to launch “Official Government Apps" feature

17:13 | 20/12/2024 Science - Technology

The Authority of Information Security (AIS) under the Ministry of Information and Communications, in collaboration with Google, launched the "Official Government Apps" feature on December 20 to enhance user protection against fraudulent activities and ensure online safety in Vietnam.

Society

30-day free rides on 17 bus routes connected to Metro Line 1

16:14 | 23/12/2024 Society

(VEN) - There will be 200 train trips to transport passengers, and all passengers using the 17 electric bus routes will enjoy free travel for one month from the launch date of Ben Thanh - Suoi Tien Metro Line (Metro Line 1).

Bac Ninh: 28 additional 4-star-rated OCOP products

23:24 | 22/12/2024 Society

(VEN) - Bac Ninh province recently organized the second assessment and classification of OCOP products in 2024. Accordingly, 28 more OCOP products have been rated as 4-star. Thus, so far, the province has more than 100 OCOP 3-star- and 4-star-rated products.

HCM City’s first metro line launched after years of delay

16:47 | 22/12/2024 Society

Ho Chi Minh City marked a significant milestone in its long-awaited mass transit development on December 22, with the official launch of its first metro line after years of delay.

Aviation sector strengthens smuggling, commercial fraud and counterfeit goods control

09:49 | 22/12/2024 Society

(VEN) - On the afternoon of December 20, the Civil Aviation Authority of Vietnam (CAAV) issued a document to relevant units regarding the implementation of a plan to combat smuggling, commercial fraud, and counterfeit goods before, during, and after the Lunar New Year (Tet) of 2025.

Vietnamese Brands

VAECO contributes to elevating Vietnamese aviation brand

17:11 | 23/12/2024 Vietnamese Brands

Petrovietnam keeping national “energy flame” ever burning

16:17 | 23/12/2024 Vietnamese Brands

(VEN) - On November 27, in Hanoi, the Vietnam Oil and Gas Group (Petrovietnam) held a meeting to celebrate the 63rd anniversary of the Traditional Day of the Vietnamese oil and gas sector (November 27, 1961 - November 27, 2024). At the event, the Group praised outstanding member units for exceeding financial targets and implementing corporate culture in the first 11 months of 2024.

Vietnamese products crave out a niche in UK market: Official

15:26 | 23/12/2024 Vietnamese Brands

Vietnamese goods have steadily established a strong presence in the UK, with exports to this demanding market continously growing since 2021, said Hoang Le Hang, First Secretary of the Vietnam Trade Office in the UK.

Viettel's hi-tech products meets standards for supply to Malaysia

13:19 | 21/12/2024 Vietnamese Brands

The Viettel High Technology Industries Corporation (VHT), a subsidiary of the the Viettel Military Industry and Telecoms Group (Viettel), announced on December 20 that it has received a certification from the Ministry of Defence, and the Army of Malaysia, recognising that Viettel's military communication products meet standards to be supplied to the Malaysian Army.

Culture

Fireworks to light up sky over Hanoi on New Year celebration

15:13 | 23/12/2024 Culture

The capital city of Hanoi is set to welcome the New Year 2025 with spectacular firework displays at five locations and 30 venues for the Lunar New Year (Tet) Festival.

Vietnam’s high-end fashion targets Chinese market

10:04 | 22/12/2024 Culture

An increasing number of Chinese celebrities are choosing high-end Vietnamese fashion, creating new opportunities for Vietnamese designers to make their mark in the 1.4 billion-strong market.

Enduring tradition of Ha Nhi ethnic minority group's costumes

13:14 | 21/12/2024 Culture

Nestled in the rugged landscapes of northern mountainous Dien Bien province, Ha Nhi ethnic minority group in Sin Thau, Sen Thuong, Leng Su Sin and Chung Chai communes of Muong Nhe district have preserved their traditional costumes through generations, ensuring that its significance remains as vital today as it was in the past.

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.

Tourism

Vietnam a green, attractive destination

16:30 | 23/12/2024 Tourism

(VEN) - Vietnam is seeking to turn tourism into a spearhead economic sector, and has chosen green, sustainable tourism development as an important solution to reach this target.

Mekong Delta tourism continues to surge

15:21 | 23/12/2024 Tourism

The Mekong Delta, one of Vietnam's key tourism regions, has worked hard in developing new products and promoting its offerings this year, achieving impressive results in visitor numbers and revenue from tourism and related services.

Ben Thanh-Suoi Tien metro line - catalyst for HCM City's tourism development

15:17 | 23/12/2024 Tourism

The official launch of the first metro line in Ho Chi Minh City, which connects Ben Thanh Market in district 1 with Suoi Tien Theme Park in Thu Duc city, not only marks a significant milestone in its urban transport system but add a catalyst for the city’s stronger tourism development.

Overseas tourism promotion: Breakthrough in market connectivity

14:46 | 23/12/2024 Tourism

(VEN) - In 2024, overseas tourism promotion activities achieved groundbreaking effectiveness in connecting tourist markets.