Economy

Organic textiles produced in Vietnam

16:25 | 23/12/2024 Economy

(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

16:08 | 23/12/2024 Economy

(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.

Year-end stimulus expected to boost economic growth

15:37 | 23/12/2024 Economy

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's GDP growth in 2025: VinaCapital

15:30 | 23/12/2024 Economy

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.

2024 viewed as a “very miraculous” year for Vietnam: Chinese veteran journalist

14:48 | 24/12/2024 Economy

Ling Dequan, a veteran journalist at Xinhua News Agency, has highlighted 2024 as a "very marvelous" year for Vietnam with many important events.

New FTas boost development of foreign markets for Vietnamese goods

16:42 | 23/12/2024 Economy

(VEN) - The recently-signed Comprehensive Economic Partnership Agreement (CEPA) between Vietnam and the United Arab Emirates (UAE) is a significant highlight in Vietnam’s economic integration in 2024, as it marks a breakthrough in expanding foreign markets for Vietnamese goods.

2024 economic growth propels Vietnam into its “Rising Era”

16:34 | 23/12/2024 Economy

(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.”

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

15:08 | 23/12/2024 Economy

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

15:00 | 23/12/2024 Economy

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.

UAE a vital market of Vietnam in Middle East: Ambassador

14:56 | 23/12/2024 Economy

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

16:53 | 22/12/2024 Economy

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

10:12 | 22/12/2024 Economy

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

09:53 | 22/12/2024 Economy

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

16:02 | 21/12/2024 Economy

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

13:02 | 21/12/2024 Economy

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

12:31 | 21/12/2024 Economy

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

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 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.

Trước Sau

Latest Most Read

Exports, e-commerce drive Vietnam’s economic growth in 2025

13:13 | 01/01/2025 Economy

Vietnam's economic prospects for 2025 are gaining momentum, bolstered by strong export growth, a rapidly expanding digital economy, and a robust e-commerce sector, according to analytics from prominent websites.

VN-Index grows an impressive 12% in 2024

13:06 | 01/01/2025 Economy

For the entire year, the VN-Index still recorded a gain of over 12%.

Innovation, acceleration lead Vietnam into new era

13:01 | 01/01/2025 Policy

On the occasion of the New Year 2025, Prime Minister Pham Minh Chinh has written an article stressing the importance of innovation, creativity, acceleration, and breakthroughs to lead Vietnam steadily into a new era – the era of rising up for strong, civilised and prosperous development of the Vietnamese nation.

ICT industry sees strong growth in 2024

11:54 | 01/01/2025 Economy

The information and communications technology (ICT) industry’s total revenue is estimated at 4.24 quadrillion VND (166.7 billion USD) in 2024, marking a 13.2% increase from 2023.

The national brand, all the achievements and breakthrough solutions

11:51 | 01/01/2025 Economy

As one of the countries with the fastest-growing national brand globally, Vietnam is cementing its position on the global economic map.

Banking sector: Capital flows with no congestion

15:35 | 25/12/2024 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.

Vietnam increasingly attractive to foreign investors

14:17 | 24/12/2024 Investment

(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.

PV GAS, exemplary unit in implementing Petrovietnam’s management plan

14:23 | 24/12/2024 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.

Dong Thap revives red-crowned crane population

14:29 | 24/12/2024 Environment

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.

Industry sector asked to urgently restart Ninh Thuan nuclear power project

14:35 | 24/12/2024 Energy

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.

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

Innovation, acceleration lead Vietnam into new era

13:01 | 01/01/2025 Policy

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

15:44 | 29/12/2024 Policy

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

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.

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.

Industry & Trade

New 300-hectare industrial zone near Long Thanh Airport

15:58 | 30/12/2024 Industry

A 300-hectare industrial zone near the mega Long Thanh International Airport has been licensed for development.

Vietnam, Canada have opportunity to cooperate in nuclear power: former Canadian Deputy PM

15:30 | 30/12/2024 Energy

Nuclear power is one of the priority areas where Canada and Vietnam can cooperate, and both sides have a good opportunity to share this technology and build nuclear reactors to provide their economies with clean, zero-emission energy, according to Jean Charest, former Deputy Prime Minister of Canada and former Premier of Québec.

Industry sector asked to urgently restart Ninh Thuan nuclear power project

14:35 | 24/12/2024 Energy

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.

Investment

An Giang upgrades infrastructure to attract investment

10:20 | 31/12/2024 Investment

In recent years, the government and An Giang Province have invested in major transportation projects aimed at upgrading and ensuring the smooth connectivity of key national and provincial roads, as well as routes connecting industrial zones and tourist areas.

Binh Duong creates many incentives for large FDI projects

17:23 | 29/12/2024 Investment

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

14:17 | 24/12/2024 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.

Finance-Banking

Forecast upbeat for banking industry in 2025

17:29 | 29/12/2024 Finance-Banking

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

15:35 | 25/12/2024 Finance-Banking

Cashless payment requires biometric data updating from January 1, 2025

10:30 | 24/12/2024 Finance-Banking

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

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.

Environment

Centre to apply AI to tropical cyclone forecasting

15:47 | 29/12/2024 Environment

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

15:08 | 24/12/2024 Environment

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

14:29 | 24/12/2024 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.

Science - Technology

MIC urged to promote digital infrastructure, AI application

16:51 | 30/12/2024 Science - Technology

Deputy Prime Minister Ho Duc Phoc has urged the information and communications sector to focus on developing digital infrastructure, strongly accelerate the application artificial intelligence (AI) and promote the digital industry, contributing to the whole country’s efforts to advance to a new era of prosperity and growth.

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

09:56 | 29/12/2024 Science - Technology

(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

10:37 | 28/12/2024 Science - Technology

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

09:21 | 25/12/2024 Science - Technology

(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.

Society

Poverty rate among ethnic minorities decreased by 3.7 percent

17:07 | 31/12/2024 Society

(VEN) - According to a summary of reports from localities, as of December 31, 2024, the average poverty rate in ethnic minority areas has decreased by 3.7 percent, exceeding the planned target of over 3 percent.

Ho Chi Minh City confidently rises in the new era

16:58 | 31/12/2024 Society

In 2024, Ho Chi Minh City’s GRDP growth is estimated to reach nearly 7.2% (compared to 5.8% in 2023), with budget revenues surpassing 500 trillion VND (19.6 billion USD), continuing to contribute 26-27% of the total national budget. From 2025 onward, the city’s economy is expected to sustain its recovery momentum, driven by the growth of the service, industrial, and construction sectors.

$74K will be highest Tet bonus in HCMC

16:48 | 31/12/2024 Society

The highest bonus to be paid by any HCMC employer for the upcoming Lunar New Year is VND1.9 billion (US$74,600).

Hanoi tops Provincial Innovation Index 2024

10:21 | 31/12/2024 Society

Hanoi ranked first among 63 provinces and centrally-run cities in the Provincial Innovation Index (PII) 2024, released by the Ministry of Science and Technology on December 30.

Vietnamese Brands

PV GAS Services funds school library embellishment in Binh Phuoc Province

14:00 | 31/12/2024 Vietnamese Brands

(VEN) - To celebrate the 63rd anniversary of the foundation day of the Vietnamese oil and gas sector (November 27, 1961 - November 27, 2024) and its successful business and production activities in 2024, the Vung Tau Maintenance and Repair Team and the Youth Union of PV GAS Services collaborated with the Red Cross Society of Ba Ria - Vung Tau Province to carry out a meaningful program at Dak Mai Secondary and High School in Bu Gia Map District, Binh Phuoc Province, on December 14.

PV GAS honored for contributions to social security in Ba Ria - Vung Tau

10:13 | 31/12/2024 Vietnamese Brands

(VEN) - On December 25, the Vietnam Fatherland Front Committee of Ba Ria - Vung Tau province held a conference to summarize the work in 2024 and approve the coordination program in 2025.

“PV GAS - Green Energy Journey” a marathon milestone

09:39 | 31/12/2024 Vietnamese Brands

(VEN) - On December 22, in Hanoi, the “PV GAS - Green Energy Journey” marathon concluded successfully, attracting the participation of 2,200 runners. This event marked a spectacular start to a series of races promoting the meaningful message of environmental protection and sustainable development, organized by the Petrovietnam Gas Joint Stock Corporation (PV GAS).

Vietnam Airlines reports record profit, ending four years of losses

17:03 | 30/12/2024 Vietnamese Brands

Vietnam Airlines is set to achieve a record pre-tax profit of 7.32 trillion VND (287.7 million USD) in 2024, ending four years of losses, with revenue expected to reach 114.7 trillion VND (4.5 billion USD), up 23% from last year.

Culture

HCM City eyes sustainable cinema development

16:47 | 30/12/2024 Culture

Ho Chi Minh City, boasting a vibrant cultural landscape and dynamic film industry, stands at a crossroads to transform itself into a regional and international film hub.

Cultural Heritage positions national brand in international arena

15:12 | 30/12/2024 Culture

(VEN) - In 2024, Vietnamese heritage sector has left many positive marks, including the National Assembly’s approval of the amended Law on Cultural Heritage which has contributed to promoting the value, and improving the effectiveness of the management and preservation of cultural heritage.

Raising Vietnam’s value through cultural diplomacy

11:17 | 28/12/2024 Culture

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

16:33 | 25/12/2024 Culture

(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.

Tourism

Lam Dong welcomes 10 millionth tourist in 2024

16:59 | 30/12/2024 Tourism

The People's Committee of the Central Highlands province of Lam Dong on December 30 hosted a special event to welcome its 10 millionth tourist of the year.

Hoa Binh named among world’s most beautiful destinations: US magazine

16:55 | 30/12/2024 Tourism

The northern mountainous province of Hoa Binh has been listed among the 71 most beautiful places to visit worldwide by the prestigious US travel magazine Condé Nast Traveller.

Tourism potential of islands in southwest Vietnam unlocked

10:44 | 28/12/2024 Tourism

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

06:22 | 27/12/2024 Tourism

(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.