First 9 months: Registered FDI into Vietnam up by 11.6%

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.

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 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.

(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.

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.

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

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 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.

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 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).