Year-end stimulus expected to boost economic growth

Year-end stimulus expected to boost economic growth

A series of year-end stimulus programmes is expected to support Vietnam’s economy to achieve the GDP growth target of over 7% this year.
Domestic factors to drive Vietnam

Domestic factors to drive Vietnam's GDP growth in 2025: VinaCapital

While Vietnam's exports to the US have bolstered GDP growth this year, domestic factors, including the Government’s increasing spending on infrastructure, real estate market recovery, and consumption, will help the country maintain its economic expansion at around 6.5% in 2025, according to the latest report from VinaCapital.
Vietnam – Italy trade cooperation promises bright prospects in 2025: Trade counsellor

Vietnam – Italy trade cooperation promises bright prospects in 2025: Trade counsellor

Trade cooperation between Vietnam and Italy in 2025 is expected to see many promising opportunities and favourable conditions for stronger growth, Vietnamese Trade Counsellor in Italy Duong Phuong Thao has said.
PM urges concerted efforts for economic growth of at least 8% in 2025

PM urges concerted efforts for economic growth of at least 8% in 2025

Prime Minister Pham Minh Chinh has issued a dispatch asking for concerted efforts to promote economic development in 2025 with an aim for a gross domestic product (GDP) growth rate of at least 8% in the year.
2024 economic growth propels Vietnam into its “Rising Era”

2024 economic growth propels Vietnam into its “Rising Era”

(VEN) - In 2024, Vietnam’s gross domestic product (GDP) growth is expected to exceed seven percent, significantly higher than the target set by the National Assembly at the beginning of the year. The 2024 GDP growth result is considered an important foundation for Vietnam to enter its “Rising Era.”
Organic  textiles   produced in Vietnam

Organic textiles produced in Vietnam

(VEN) - Apart from procuring machinery and equipment for the production of organic textile products, Vietnamese enterprises are gradually taking the initiative in sourcing raw materials that meet the organic standard - a very high standard in the global textile industry.
Vietnamese aviation achieves high USOAP-CMA ratings in the region

Vietnamese aviation achieves high USOAP-CMA ratings in the region

(VEN) - According to the International Civil Aviation Organization’s (ICAO) preliminary assessment report, Vietnam’s overall aviation safety oversight capability scored 78.4%, exceeding the 75% target of ICAO’s Global Aviation Safety Plan (GASP). Vietnam Economic News’ Thu Huong spoke with Dinh Viet Thang, Director of the Civil Aviation Authority of Vietnam, (CAAV) to learn about this.
UAE a vital market of Vietnam in Middle East: Ambassador

UAE a vital market of Vietnam in Middle East: Ambassador

The United Arab Emirates (UAE) remains a vital market and partner for Vietnam in the Middle East, Vietnamese Ambassador to the UAE Nguyen Thanh Diep has told the Vietnam News Agency (VNA)'s reporter in the Middle East and North Africa.
E-commerce leads digital transformation in businesses

E-commerce leads digital transformation in businesses

E-commerce has become a key driver of the digital economy, with an impressive growth rate of 25% in 2023, and is projected to account for 10% of total retail revenue by 2025. This trend not only creates significant opportunities but also pushes businesses to adapt quickly and achieve critical milestones in digital transformation.
Industrial parks to go green, adopt sustainable models: forum

Industrial parks to go green, adopt sustainable models: forum

Domestic and international industrial parks and related stakeholders shared experiences implementing smart and sustainable industrial park models and proposed policy solutions to transition Vietnamese industrial parks from traditional models to smart and sustainable ones at the Vietnam Industrial Park Forum held in Ho Chi Minh City on December 19.
PM urges Da Nang to lead Vietnam’s economic transformation

PM urges Da Nang to lead Vietnam’s economic transformation

The central city of Da Nang must fully harness its distinctive potential, outstanding opportunities, and competitive advantages to achieve double-digit economic growth, solidifying its role as a growth hub of the central – Central Highlands region and the nation, said Prime Minister Pham Minh Chinh on December 21.
Viet Nam back as ASEAN’s growth star: HSBC

Viet Nam back as ASEAN’s growth star: HSBC

From a challenging in the first quarter of 2024, Viet Nam’s domestic economy outlook has turned more positive as the recovery continues to firm up as the year progresses, which brings Viet Nam back as ASEAN’s growth star.
Global coffee production to surge on Vietnam, Indonesia’s rebounding output: USDA

Global coffee production to surge on Vietnam, Indonesia’s rebounding output: USDA

The latest biannual report from the US Department of Agriculture (USDA) forecasts a significant increase in global coffee production for the 2024-25 crop, driven by recovery in Vietnam and Indonesia's output.
Vietnam, China’s special administrative region strengthen trade links

Vietnam, China’s special administrative region strengthen trade links

A forum aimed at strengthening business and investment connections between Vietnam and the Guangdong–Hong Kong–Macao Greater Bay Area (GBA) took place in Hanoi on December 20.
Vietnam, China’s Hong Kong strengthening economic collaboration

Vietnam, China’s Hong Kong strengthening economic collaboration

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

Trade Minister explores market opportunities in Japan

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

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

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

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

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

Tax revenue surpasses 1.7 quadrillion VND

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

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

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

Five businesses fined over VND2 billion for violating competition laws

(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.
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Forecast upbeat for banking industry in 2025

Forecast upbeat for banking industry in 2025

Commercial banks' pre-tax profits in 2025 are forecast to grow by 14.9% year-on-year, while bad debt has peaked and is expected to decrease next year.
Binh Duong creates many incentives for large FDI projects

Binh Duong creates many incentives for large FDI projects

Southern Binh Duong province has attracted more than 2 billion USD in foreign direct investment (FDI) in 2024, exceeding the set target, continuing to reinforce its position as one of the country’s best performers in FDI attraction.
PM urges Petrovietnam to restructure into national industrial-energy group

PM urges Petrovietnam to restructure into national industrial-energy group

Prime Minister Pham Minh Chinh directed the Vietnam Oil and Gas Group (Petrovietnam) to restructure itself into a national industrial-energy group while addressing the firm's year-end review conference in Hanoi on December 28.
Hanoi aims to create 169,000 new jobs in 2025

Hanoi aims to create 169,000 new jobs in 2025

Hanoi plans to create 169,000 new jobs in 2025, reduce urban unemployment rate to below 3%, and increase the proportion of trained workers to 75%, according to the municipal People’s Committee.
Vietnam posts strong trade surplus with Singapore in 11 months of 2024

Vietnam posts strong trade surplus with Singapore in 11 months of 2024

In the first 11 months of 2024, two-way trade between Vietnam and Singapore reached more than 28.6 billion SGD (equivalent to about 21 billion USD), up 8.53% over the same period last year. Notably, exports from Vietnam to Singapore skyrocketed, reaching a growth rate of 32.11%.
glorious tradition of the vietnam peoples army

Glorious tradition of the Vietnam People's Army

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 314 billion usd in january november

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

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 154

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

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

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

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 2324 socio economic targets for 2024

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

Hanoi achieves rather comprehensive results in its socio-economic development in 2024, with 23/24 targets completed or exceeded.
Organization downsizing must be linked to improvement of staffing quality: PM

Organization downsizing must be linked to improvement of staffing quality: PM

Prime Minister Pham Minh Chinh has requested linking organizational downsizing with improving the quality of civil servants, public employees, and officials, to ensure government agencies operate effectively, efficiently, and with capable personnel.
Amended Electricity Law proves MoIT’s institutional improvement success

Amended Electricity Law proves MoIT’s institutional improvement success

(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.
Ministry proposes extending agricultural land tax exemption through 2030

Ministry proposes extending agricultural land tax exemption through 2030

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

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

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.
Industry sector asked to urgently restart Ninh Thuan nuclear power project

Industry sector asked to urgently restart Ninh Thuan nuclear power project

The industry and trade sector should exert efforts to speed up the implementation of the revised Electricity Law and the policy on restarting the Ninh Thuan nuclear power project in the south-central province of the same name, Deputy Prime Minister Bui Thanh Son has said.
Success story behind 500kV Circuit-3 transmission line project

Success story behind 500kV Circuit-3 transmission line project

(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

Ministry proposes incentives for renewable energy projects

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

The Era of Advancement for Vietnam Industrial Park

(VEN) - The Vietnam Industrial Park Forum 2024, themed “The Era of Advancement for Vietnam Industrial Park”, is officially held in Ho Chi Minh City.
Binh Duong creates many incentives for large FDI projects

Binh Duong creates many incentives for large FDI projects

Southern Binh Duong province has attracted more than 2 billion USD in foreign direct investment (FDI) in 2024, exceeding the set target, continuing to reinforce its position as one of the country’s best performers in FDI attraction.
Vietnam increasingly attractive to foreign investors

Vietnam increasingly attractive to foreign investors

(VEN) - Many economists and international organizations forecast Vietnam can attract US$39-40 billion of foreign direct investment (FDI) in 2024, comparable to the result achieved in 2023, over US$39 billion.
Nghe An Southeast Economic Zone aims to attract 1 billion USD in FDI in 2025

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

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

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

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.
Forecast upbeat for banking industry in 2025

Forecast upbeat for banking industry in 2025

Commercial banks' pre-tax profits in 2025 are forecast to grow by 14.9% year-on-year, while bad debt has peaked and is expected to decrease next year.
Banking sector: Capital flows with no congestion

Banking sector: Capital flows with no congestion

(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.
Cashless payment requires biometric data updating from January 1, 2025

Cashless payment requires biometric data updating from January 1, 2025

From January 1, 2025, customers will not be able to perform any digital transactions on mobile if they have not completed the biometric information update.
Year-end surge in property bond issuance amid financial challenges

Year-end surge in property bond issuance amid financial challenges

As 2024 draws to a close, Vietnam's real estate industry is witnessing a notable surge in corporate bond issuances.
Centre to apply AI to tropical cyclone forecasting

Centre to apply AI to tropical cyclone forecasting

The Hanoi University of Science and Technology's Institute for Research and Application of Artificial Intelligence, alongside relevant units, has been told to work closely with the National Centre for Hydro-Meteorological Forecasting (NCHMF) to integrate artificial intelligence (AI) into the forecasting of tropical cyclones ahead of the 2025 rainy and storm season.
Sowing millions of seeds to green Vietnam’s shared home

Sowing millions of seeds to green Vietnam’s shared home

Each year in Vietnam, millions of seeds are persistently sown to increase forest coverage, contributing to watershed protection, safeguarding mangrove ecosystems, and mitigating the impacts of climate change.
Dong Thap revives red-crowned crane population

Dong Thap revives red-crowned crane population

In a bid to save its iconic symbol, the Mekong Delta province of Dong Thap is embarking on a conservation and development scheme for the critically endangered red-crowned cranes at the Tram Chim National Park for the 2022–2032 period.
Vietnam likely to face continued turbulent weather systems in 2025

Vietnam likely to face continued turbulent weather systems in 2025

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.
5G technology to yield US$1.5 billion revenue for Vietnamese telecom operators

5G technology to yield US$1.5 billion revenue for Vietnamese telecom operators

(VEN) - The fifth-generation (5G) technology is forecasted to yield US$1.5 billion in revenue for Vietnamese telecom operators by 2030. 5G services are expected to contribute 7.3-7.4% to Vietnam’s gross domestic product (GDP) growth in 2025.
Safe nuclear power development essential for clean energy frontier: Japanese expert

Safe nuclear power development essential for clean energy frontier: Japanese expert

Vietnam needs to acquire technologies to ensure the safe management of nuclear power plants, and establish an appropriate financial mechanism to secure the substantial initial investment capital for the plan, according to Hisanori Nei, Professor Emeritus of the National Graduate Institute for Policy Studies of Japan.
Innovative startup ecosystem witnesses strong development

Innovative startup ecosystem witnesses strong development

(VEN) - Vietnam is emerging as one of the dynamic emerging economies and a hub for innovative startups in the Asia-Pacific region thanks to a strong development of its innovative business ecosystem.
Top 10 science and technology highlights in Vietnam in 2024 announced

Top 10 science and technology highlights in Vietnam in 2024 announced

The Vietnam Science and Technology Journalists Club announced the 10 most significant science and technology events of the year on December 23, 2024. This marks the 19th year the club has organised the selection.
Hanoi aims to create 169,000 new jobs in 2025

Hanoi aims to create 169,000 new jobs in 2025

Hanoi plans to create 169,000 new jobs in 2025, reduce urban unemployment rate to below 3%, and increase the proportion of trained workers to 75%, according to the municipal People’s Committee.
Planning of Long Thanh International Airport partially adjusted

Planning of Long Thanh International Airport partially adjusted

(VEN) - The planning of Long Thanh International Airport has just been partially adjusted to ensure compliance with the demand for exploitation and development investment.
Air tickets from HCMC fully booked for Tet holiday

Air tickets from HCMC fully booked for Tet holiday

Flight tickets for many routes from Ho Chi Minh City (HCMC) to northern and central provinces or cities for the upcoming Tet (Lunar New Year) holiday have sold out.
Bac Ninh Province focuses on year-end market stabilization

Bac Ninh Province focuses on year-end market stabilization

(VEN) - One of the key tasks of Bac Ninh Province at this time is to focus on stabilizing the market towards year’s end and during the 2025 Lunar New Year holiday.
Vietnamese farm produce favoured by Malaysians: Trade counsellor

Vietnamese farm produce favoured by Malaysians: Trade counsellor

Vietnamese goods, especially farm produce, are expanding their presence in retail chains and supermarkets across Malaysia, including well-known ones, reflecting growing consumer preference for Vietnamese products, according to Trade Counsellor of Vietnam in Malaysia Le Phu Cuong.
PV GAS sets many records, exceeds 2024 production, business plan

PV GAS sets many records, exceeds 2024 production, business plan

(VEN) - With the motto of action “Adding new motivation, renewing old motivation,” along with the proactiveness, determination, and breakthrough in transforming the business model, PV GAS is estimated to comprehensively complete and exceed the production and business targets for 2024, setting many records and historical milestones.
“PV GAS - Green Energy Journey” marathon: Act for health, act for the environment

“PV GAS - Green Energy Journey” marathon: Act for health, act for the environment

(VEN) - On December 22, the “PV GAS - Green Energy Journey” marathon was officially kicked off in Hanoi by the Petrovietnam Gas Joint Stock Corporation (PV GAS). This event marks the beginning of a series of vibrant social and sports activities in both Hanoi and Ho Chi Minh City, celebrating PV GAS’s successful 2024 – a year in which it shone as an energy spotlight in Vietnam. PV GAS has continuously achieved remarkable milestones, expanding its footprint to ensure comprehensive, flexible nationwide supply of clean gas.
PV GAS reviews maintenance and repair of gas facilities in 2024

PV GAS reviews maintenance and repair of gas facilities in 2024

(VEN) - On December 13, 2024, in Vung Tau City, the Petrovietnam Gas Corporation (PV GAS) organized a workshop on the maintenance and repair of gas facilities in 2024.
tcty-dau-khi-vn-pv-power-2022
Raising Vietnam’s value through cultural diplomacy

Raising Vietnam’s value through cultural diplomacy

In November 2024, the “Vietnam Days Abroad” programme made its debut in Latin America, leaving lasting impressions.
“City Tet Fest - Thu Duc 2025” New Year Festival to be held soon

“City Tet Fest - Thu Duc 2025” New Year Festival to be held soon

(VEN) - The New Year Festival “City Tet Fest - Thu Duc 2025” will take place from December 28, 2024 to January 1, 2025 at Saigon Riverside Park, Ho Chi Minh City.
“Xen Dong” ceremony of Thai ethnic people recognised as national intangible cultural heritage

“Xen Dong” ceremony of Thai ethnic people recognised as national intangible cultural heritage

On the evening of December 21, at Golden Field Square, Nghia Lo Town, Yen Bai Province, a ceremony was held to announce the decision and award the Certificate of National Intangible Cultural Heritage for the “Xen Dong” (Forest Worship) Ceremony of the Thai People in Nghia Lo Town.
Fireworks to light up sky over Hanoi on New Year celebration

Fireworks to light up sky over Hanoi on New Year celebration

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.
Tourism potential of islands in southwest Vietnam unlocked

Tourism potential of islands in southwest Vietnam unlocked

Kien Giang, a coastal province located in the southwesternmost of Vietnam, boasts over 200 kilometres of coastline and more than 143 islands with picturesque beaches attracting millions of tourists annually.
Ninh Binh promotes green tourism development

Ninh Binh promotes green tourism development

(VEN) - Like the central province of Quang Nam, the northern Ninh Binh Province is considered a model for ensuring harmony between tourism development and environmental resource protection. The local people are considered the center for developing green tourism and sustainable development.
Agricultural, rural tourism provides opportunities for “take-off”

Agricultural, rural tourism provides opportunities for “take-off”

(VEN) - In Vietnam’s tourism development strategy, ecotourism associated with agriculture and rural areas is one of the five key products.
Son La rural tourism promoted

Son La rural tourism promoted

(VEN) - In order to develop rural tourism as part of the New-style rural area construction program in the 2021-2025 period, the northern province of Son La aims to have over 50 percent of rural tourism establishments meeting standards to serve tourists by 2025.
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