Industry

Amended Electricity Law is expected to remove bottlenecks for gas-fired and offshore wind power

08:46 | 18/10/2024 Energy

HÀ NỘI — The amendments being considered to the Electricity Law should remove bottlenecks and create a favourable environment for the development of gas-fired and offshore wind power projects, experts said at a conference on Wednesday.

Vietnamese sugar cane tops ASEAN in productivity for first time

17:08 | 16/10/2024 Industry

The Vietnamese sugar industry has led the region in sugar productivity for the first time, according to the Vietnam Sugarcane and Sugar Association (VSSA).

Revising the Electricity Law to create a legal framework for developing energy sources

08:55 | 16/10/2024 Energy

HÀ NỘI — Experts have emphasised the need to revise Việt Nam’s Electricity Law to align with the Party's energy policies and ensure consistency across the nation’s legal framework.

Hanoi’s industrial production shows promising growth

12:30 | 14/10/2024 Industry

Hanoi – The capital city of Hanoi has seen thriving industrial production, especially in the processing and manufacturing sector, with local businesses working to seize opportunities to accelerate growth toward the year end.

Added value of the industrial sector up 9.59 per cent in Q3

09:21 | 25/10/2024 Industry

Việt Nam’s industrial production in the third quarter of 2024 recorded positive growth, with an added value estimated to increase by 9.59 per cent.

UK commits to be partner of Việt Nam in energy transition

16:03 | 24/10/2024 Energy

HCM CITY — The UK Government has always been a partner of Việt Nam in its energy transition, affirmed British Consul General in HCM City, Alexandra Smith.

EVN wants to invest in more power generation projects

15:54 | 24/10/2024 Energy

HÀ NỘI — Việt Nam Electricity (EVN) expects the Government to allow it to implement new power generation projects to ensure stable and safe electricity supply to meet socio-economic development demand.

Increase in electricity prices concerns manufacturers

10:22 | 14/10/2024 Energy

HÀ NỘI — The average electricity retail price has been increased by 4.8 per cent to VNĐ2,103.11 (US$0.085) per kWh on October 11, triggering worries about its impact on commercial and residential customers.

Up 4.8 percent, Vietnam's electricity price high or low in region?

10:18 | 13/10/2024 Energy

The average retail price of electricity in Vietnam is VND2,103.1159 per kWh, equivalent to about US$0.084 per kWh, lower than the global average.

MoIT approves price framework to purchase electricity from Laos

08:38 | 11/10/2024 Energy

HÀ NỘI — The Ministry of Industry and Trade has issued a decision approving a price framework for electricity imports from Laos starting from December 31, 2025.

Foreign investors interested in green development, semiconductor industry in Vietnam

17:34 | 09/10/2024 Industry

HCM City – Green, clean development and semiconductor chip production are among the sectors in Vietnam that foreign investors are interested in, according to VinaCapital CEO and Founding Partner Don Lam.

Nuclear power back on table to secure Vietnam’s energy future

11:05 | 24/10/2024 Energy

In a move to secure Vietnam's energy future, Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan has underscored the urgent need to restore investment in and develop nuclear power, placing utmost importance on safety.

Vietnamese steel industry under pressure amid protectionism tension and dumping

11:16 | 23/10/2024 Industry

Steel was one of the industries with the largest number of trade defence investigations, not only in Việt Nam, but also in the world.

Việt Nam seeks to strengthen pharmaceutical industry

09:02 | 23/10/2024 Industry

The revised Pharmacy Law being discussed at the 15th National Assembly's 8th session is expected to enable incentives and investment support for the industry's development.

Sci-tech ministry backs restarting nuclear projects in Việt Nam

16:09 | 22/10/2024 Energy

HÀ NỘI — The Ministry of Science and Technology says it is in favour of restarting nuclear energy projects in Việt Nam, in response to renewed interest from the central Government in this power source.

Vietnam: A new bright spot in global electronics supply chain

15:47 | 22/10/2024 Support industries

(VEN) - In recent years, Vietnam has emerged as a bright spot in the global electronics supporting industry (CNHT) and is becoming an ideal destination for large technology corporations. This has opened further opportunities for Vietnamese enterprises to participate in global supply chains.

Vietnam promotes energy transition for sustainable development

15:43 | 22/10/2024 Energy

A conference themed “Renewable energy and energy efficiency” was held in Ho Chi Minh City on October 21, within the framework of the Green Economy Forum and Exhibition 2024, jointly held by the European Chamber of Commerce (EuroCham) and the Ministry of Industry and Trade (MoIT)’s Vietnam Trade Promotion Agency (Vietrade).

Vietnam’s plastics and rubber sector: Sustainability for economic growth

16:02 | 21/10/2024 Industry

Vietnam’s plastics market is set to grow from 10.92 million tonnes in 2024 to 16.36 million tonnes by 2029 with a CAGR of 8.44% (Mordor Intelligence, 2024). Plastic exports in the first half of 2024 surged over 32% YoY, reaching US$3.15 billion. However, stricter environmental regulations and rising global demand for recycled plastics, especially from the US and the EU, push the industry toward sustainable practices - posing challenges but also creating new opportunities.

Textile, footwear exporters have full orders for 2024

09:22 | 21/10/2024 Industry

HÀ NỘI — In contrast to a lack of export orders at this time last year, textile and footwear enterprises have so far received full orders until the end of this year – and some enterprises even have orders for the first quarter of next year.

Prime Minister calls for mulling over nuclear power development

16:49 | 20/10/2024 Energy

Prime Minister Pham Minh Chinh has requested relevant agencies to mull over nuclear power development and continue updating the 8th edition of the National Power Development Plan.

PM urges stable electricity supply amid rising demand

14:44 | 19/10/2024 Energy

Prime Minister Pham Minh Chinh on October 19 emphasised the need for early preparations to ensure a stable and efficient electricity supply and national energy security, as Vietnam is advancing its industrialisation and modernisation efforts.

Trước Sau

Latest Most Read

North-South express railway – driving force to spawn new support industries

17:09 | 08/11/2024 Support industries

The North-South express railway project will create a significant opportunity for Vietnam's mechanical and construction industries to advance in technology.

MM Mega Market holds groundbreaking ceremony for Da Nang MM Supercenter

16:39 | 08/11/2024 Companies

On November 8, MM Mega Market (Vietnam) held a groundbreaking ceremony for the Da Nang MM Supercenter, located at Nguyen Sinh Sac Street, Hoa Khanh Nam Ward, Lien Chieu District, Da Nang City.

State President’s visit to forge deeper ties with Chile, Peru

15:43 | 08/11/2024 Cooperation

State President Luong Cuong’s official visits to Chile and Peru and attendance at the 2024 APEC Economic Leaders’ Week in Lima from November 9 – 16 will help consolidate the traditional friendship and enhance political confidence with the two nations and the Latin American region while deepening the relationship with the APEC member states, according to Deputy Foreign Minister Nguyen Minh Hang.

Prime Minister meets Vietnamese community in China's Chongqing city

15:23 | 08/11/2024 News and Events

Prime Minister Pham Minh Chinh met Vietnamese students and representatives of the Vietnamese community in Chongqing city on November 8, as part of his trip to China to attend the eighth Greater Mekong Subregion (GMS) Summit, and hold working activities in the neighbouring country.

Vietnam and Chile to further deepen comprehensive partnership

14:41 | 08/11/2024 Cooperation

Vietnamese President Luong Cuong on November 8 began an official visit to Chile at the invitation of Chilean President Gabriel Boric Font, aiming to foster new momentum, deepen the comprehensive partnership between the two countries, and make it more effective and practical.

PM’s participation at regional summits sends important messages: Deputy FM

08:42 | 05/11/2024 Cooperation

Prime Minister Pham Minh Chinh’s attendance at the 8th Greater Mekong Subregion (GMS) Summit, the 10th Ayeyawady - Chao Phraya - Mekong Economic Cooperation Strategy (ACMECS) Summit, and the 11th Cambodia-Laos-Myanmar-Vietnam (CLMV) Cooperation Summit aims to send out important messages to the sub-region, the region, as well as the international community, stated Deputy Foreign Minister Pham Thanh Binh.

15th NA’s eighth session: Ministers outline plans for education, labour, agriculture

08:47 | 05/11/2024 News and Events

Minister of Education and Training Nguyen Kim Son, Minister of Labour, Invalids and Social Affairs Dao Ngoc Dung, and Minister of Agriculture and Rural Development Le Minh Hoan provided insights into their respective sectors and addressed pressing concerns raised by lawmakers at the 15th National Assembly’s eighth session in Hanoi on November 4.

Vietnam seeks stronger legislative ties with Canada

09:01 | 05/11/2024 Cooperation

Vietnam values its relationship with Canada and hopes to work together to strengthen their comprehensive partnership for mutual benefit, contributing to peace, stability, and prosperity in the Asia-Pacific and globally, National Assembly Vice Chairman Nguyen Duc Hai told Canadian Ambassador to Vietnam Perry Shawn Steil.

Vietnam targets a US$300-billion green economy by 2050

08:55 | 05/11/2024 Economy

(VEN) - Vietnam has set ambitious goals of achieving net-zero emissions and increasing the value of its green economy from US$6.7 billion in 2020 to US$300 billion by 2050.

Technology “key” to attract FDI

09:09 | 05/11/2024 Science - Technology

(VEN) - According to Nguyen Van Toan, Vice President of the Association of Foreign Investment Enterprises (VAFIE), apart from environmental factors, technology plays an important role, not only in economic development, but also in the race to attract foreign direct investment.

Multimedia

Video Longform Infographic Photo

Vietnam's key contributions to ACMECS

11:02 | 07/11/2024 Infographic

Vietnam officially joined the Ayeyawady - Chao Phraya - Mekong Economic Cooperation Strategy (ACMECS) at the first ACMECS Ministerial Meeting in Thailand in November 2004. As an active and responsible member, Vietnam has made and continues to make significant contributions to ACMECS.

Vietnam’s role in GMS economic cooperation

09:20 | 06/11/2024 Infographic

At the invitation of Chinese Premier Li Qiang, Prime Minister Pham Minh Chinh is leading a high-level delegation to the 8th Greater Mekong Subregion (GMS) Summit from November 5-8, 2024. On this occasion, he will also attend the 10th Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS) Summit and the 11th Cambodia-Laos-Myanmar-Vietnam (CLMV) Cooperation Summit and hold working sessions in China.

Practical innovations

09:15 | 06/11/2024 Science - Technology

Recent cooperation between InfraSen, a start-up in semiconductor technology, and MK Group, a leading company in technology, has shown an encouraging sign of unity between scientists and economists. The MK Group will help produce a thermal image core sensor of InfraSen for domestic and overseas markets. Let’s listen to insiders’ voices about semiconductor device production in Việt Nam!

Seven strategic directions to lead the nation into a new era

17:04 | 05/11/2024 Infographic

In the special feature on the new era—the era of the nation's rise—on October 31, 2024, Party General Secretary To Lam outlined seven strategic directions for the country to embark on this new phase of national development.

Delicacy of Hà Nội’s autumn

11:29 | 04/11/2024 Lifestyle

Cốm (young rice) is a delicacy of Hà Nội’s autumn, from which many popular dishes have been created, but it is also being developed in new ways by younger cooks.

Policy

New regulations on mergers, consolidation of credit institutions proposed

09:25 | 08/11/2024 Policy

HÀ NỘI — The State Bank of Việt Nam (SBV) has proposed new regulations on the mergers and consolidation of credit institutions, to ensure the safety and legitimate rights of customers and creditors.

Vietnam gives top priority to relations with China: PM

16:43 | 07/11/2024 Policy

Kunming – Developing relations with China is a consistent policy, an objective requirement, a strategic choice, and a top priority in Vietnam's foreign policy, Prime Minister Pham Minh Chinh told Chinese Premier Li Qiang at their talks in Kunming city in China’s Yunnan province on November 7.

PM puts forth proposals to develop new-generation GMS economic corridors

14:59 | 07/11/2024 Policy

Kunming – Vietnamese Prime Minister Pham Minh Chinh joined leaders of Cambodia, Laos, Myanmar, Thailand and China as well as heads of the Asian Development Bank (ADB) and regional and international organisations at the 8th Greater Mekong Sub-region (GMS) Summit which opened in Kunming city in China’s Yunnan province on November 7.

Vietnam proactively raises initiatives within CLMV

11:08 | 07/11/2024 Policy

Since the establishment of the Cambodia-Laos-Myanmar-Vietnam (CLMV) cooperation mechanism, Vietnam has consistently acted as an active and responsible member, making significant contributions to the mechanism.

Industry & Trade

North-South express railway – driving force to spawn new support industries

17:09 | 08/11/2024 Support industries

The North-South express railway project will create a significant opportunity for Vietnam's mechanical and construction industries to advance in technology.

Automotive support industry strives to become spare part supplier

09:34 | 08/11/2024 Support industries

HÀ NỘI — The demand for transport in Việt Nam has been increasing rapidly, with experts saying that the market shows a lot of potential for automobile and motorbike manufacturers and traders.

Việt Nam’s auto industry strives to reach global recognition

08:58 | 08/11/2024 Industry

HÀ NỘI — The domestic automobile industry is undergoing a significant transformation as it increasingly integrates into global markets and attracts foreign investment, according to automobile experts.

Vietnam’s path to sustainable semiconductor industry

10:47 | 07/11/2024 Industry

(VEN) - Vietnam’s semiconductor industry development strategy aims to reach an annual revenue of over US$25 billion in the 2024-2030 period, US$50 billion in the 2030-2040 period, and US$100 billion in the 2040-2050 period.

Investment

Hanoi attracts 1.6 billion USD in FDI in ten months

15:18 | 07/11/2024 Investment

Hanoi attracted 58.4 million USD in foreign direct investment (FDI) in October, bringing the total in the first ten months of this year to 1.6 billion USD.

Foxconn to invest US$80 million in Bắc Giang for chip manufacturing expansion

16:16 | 04/11/2024 Investment

Foxconn's Shunsin Technology Việt Nam is seeking an environmental permit for a US$80 million chip manufacturing project in Bắc Giang province.

Da Nang to invest additional 16 million USD into software park

17:19 | 03/11/2024 Investment

The People's Council of Da Nang city has approved the adjusted pre-feasibility study report for the development of Software Park No 2, proposed by the municipal People's Committee.

PM receives heads of leading investment firm, authority of Qatar

09:07 | 01/11/2024 Investment

Vietnamese Prime Minister Pham Minh Chinh have received leaders of the JTA International Investment Holding and the Qatar Investment Authority (QIA) in Doha as part of his official visit to the Middle Eastern country.

Finance-Banking

Việt Nam's stock market moves closer to emerging market status amid key policy changes

18:05 | 06/11/2024 Stock Market

The swift efforts by the Vietnamese securities regulator to eliminate pre-funding requirements have garnered praise from FTSE Russell and Morgan Stanley.

Krungsri proposes accelerating purchase of 50% of SHBFinance’s charter capital

15:46 | 05/11/2024 Finance-Banking

Ayudhya Public Bank Limited (Krungsri), a member of Japan's MUFG Group, has proposed to the Saigon - Hanoi Commercial Joint Stock Bank (SHB) that it will speed up the acquisition of the remaining 50% of SHBFinance’s charter capital.

Finance ministry proposes two price management scenarios for year-end

10:11 | 04/11/2024 Finance-Banking

The Ministry of Finance has released two price management scenarios to control inflation until the end of the year.

Banking sector prioritises support for import-export firms

16:35 | 02/11/2024 Finance-Banking

Affordable bank credit has supported businesses in key sectors that drive the country’s economic growth, Nguyen Duc Lenh, deputy director of the State Bank of Vietnam’s Ho Chi Minh City office, told a conference on October 31.

Environment

Yinxing becomes 7th typhoon to hit Việt Nam in 2024

14:23 | 08/11/2024 Environment

Over the next 72 to 120 hours, the typhoon is forecasted to move southwestward at a slower pace of between 10 and 15 km/h, with its intensity continuing to diminish.

Environment ministry calls for reassessment of Red River Basin flood safety measures

09:29 | 08/11/2024 Environment

HÀ NỘI — The Ministry of Natural Resources and Environment has issued a series of highly urgent priorities requiring immediate action concerning the operation of the interconnected reservoir system within the Hồng (Red) River basin.

The 2024 Vietwater & WETV exhibitions open in HCMC

14:37 | 06/11/2024 Environment

The international exhibitions on water supply, sanitation, water resources and purification (Vietwater 2024) and on waste treatment and environment technology (WETV 2024) have opened in Ho Chi Minh City (HCMC).

Workshop looks to address environmental management issues in industrial areas

16:34 | 05/11/2024 Environment

The State Audit Office of Vietnam (SAV) hosted a workshop in Hanoi on November 5, bringing together top auditors from ASEAN member states to share experience in handling environmental management challenges in industrial clusters and craft villages.

Science - Technology

Tim Paolini, Director of Google for Education for Asia-Pacific and Middle East, had a working session with representatives of the Ho Chi Minh City People’s Committee on November 1 to discuss cooperation orientations for digital transformation in education.