RoK helps Vietnam participate in global supply chains

RoK helps Vietnam participate in global supply chains

(VEN) - In recent years, the Republic of Korea (RoK) and Vietnam have cooperated in developing supporting industries, facilitating Vietnamese enterprises’ participation in global supply chains.
Competitveness enhancement needed for global integration

Competitveness enhancement needed for global integration

(VEN) - Competitiveness improvement is crucial for Vietnamese supporting industry enterprises to survive competition in foreign markets.
Mechanical manufacturers seek foreign markets

Mechanical manufacturers seek foreign markets

(VEN) - The long-history mechanical engineering industry is identified as the “backbone” of the economy.
Supporting industries seek further support

Supporting industries seek further support

(VEN) - Given stiff competition from foreign enterprises, to help domestic supporting industry enterprises participate more deeply into the global supply chain, experts said Vietnam needs to ensure the consistence of legal documents.
MoIT helps enterprises connect with multinational corporations

MoIT helps enterprises connect with multinational corporations

(VEN) - As one of the important industries, Vietnam’s supporting industry is facing difficulties and has yet to have clear mechanisms and policies for adequate development.
The 2024 Supporting Industry Show to open in October

The 2024 Supporting Industry Show to open in October

The 2024 Supporting Industry Show to open in Ho Chi Minh City, from October 2-4.
Binh Duong, preferred destination for supporting industry investors

Binh Duong, preferred destination for supporting industry investors

(VEN) - More than 74 percent of the US$40.6 billion worth of foreign direct investment (FDI) in the southern province of Binh Duong is found in the processing and manufacturing sector, while FDI in high technology and supporting industries (SI)remains modest.
Needed: high-quality human resources

Needed: high-quality human resources

(VEN) - The shortages and uneven quality of human resources are among major difficulties faced by support industry enterprises.
Hanoi: Supporting industry enterprises improve competitiveness

Hanoi: Supporting industry enterprises improve competitiveness

(VEN) - Support industries have contributed significantly to the economic development of the capital of Hanoi.
Textile, garment sector prioritizes material development

Textile, garment sector prioritizes material development

(VEN) - The presence of domestic textile and garment enterprises in the global production chain has increased but remains incommensurate with their potential.
MoIT seeks to address material bottleneck

MoIT seeks to address material bottleneck

(VEN) - A delegation of the Ministry of Industry and Trade (MoIT) led by Minister Nguyen Hong Dien recently worked with the Vietnam Leather, Footwear and Handbag Association (Lefaso) on problems related to the supplies of materials and accessories in the leather and footwear industry.
Mechanical supporting industry needs long-term solutions

Mechanical supporting industry needs long-term solutions

(VEN) - Despite the fact that many mechanical engineering enterprises have strong capabilities in certain areas, such as molding, mechanical components, electrical cables, and plastic components, supporting industry products for the mechanical engineering sector still lack competitiveness.
More support for domestic automobile industry

More support for domestic automobile industry

(VEN) - There are now many difficulties impacting the domestic automobile industry; therefore, the formulation of the development strategy for Vietnam’s automotive industry to 2030 with a vision to 2045 is urgent and of great scientific and practical significance.
More connection needed for market expansion

More connection needed for market expansion

(VEN) - Apart from the support in terms of mechanism and policy, supporting industry firms want relevant authorities to provide them with more information about market demand.
Leather & footwear industry to increase local content

Leather & footwear industry to increase local content

(VEN) - The leather and footwear industry, a leading exporter of Vietnam, has reached an average export growth of more than 10 percent per year. The sector set a target of increasing its local content rate to 75-80 percent in 2025.
Vietnam to master mold manufacturing technology

Vietnam to master mold manufacturing technology

(VEN) - Mold manufacturing technology is a particularly important manufacturing industry, considered the foundation of modern industry, with the capability to create large quantities of products in a short time.
Greater support for domestic firms to join global supply chains

Greater support for domestic firms to join global supply chains

(VEN) - Joining global supply chains remains a challenging issue for Vietnamese supporting industry businesses.
Material, spare part self-supply imperative

Material, spare part self-supply imperative

(VEN) - Vietnam’s supporting industry needs to advance their self-reliance and reduce dependence on imports to improve the value and competitiveness of products in the global value chain.
Downstream industries key to development of mechanical supporting industry

Downstream industries key to development of mechanical supporting industry

(VEN) - Mechanical support industry provides components for downstream industries. However, this industry is facing difficulties leading to weak capacity to participate in the supply chain.
Developing supporting industries towards building a self-reliant industry

Developing supporting industries towards building a self-reliant industry

Việt Nam's supporting industry needs to advance self-reliance and reduce dependence on imports to improve the value and competitiveness of products in the global value chain.
Toolkit for manufacturing, support industries launched

Toolkit for manufacturing, support industries launched

(VEN) - The digital transformation review toolkit for Vietnam’s manufacturing and supporting industries will play an important role in enterprises’ journey towards smart and sustainable production models to boost their international competitiveness in global value chains.
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Vietnam Airlines reports record profit, ending four years of losses

Vietnam Airlines reports record profit, ending four years of losses

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.
Lam Dong welcomes 10 millionth tourist in 2024

Lam Dong welcomes 10 millionth tourist in 2024

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

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

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.
MIC urged to promote digital infrastructure, AI application

MIC urged to promote digital infrastructure, AI application

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.
HCM City eyes sustainable cinema development

HCM City eyes sustainable cinema development

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.
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.
New 300-hectare industrial zone near Long Thanh Airport

New 300-hectare industrial zone near Long Thanh Airport

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

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

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

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.
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.
MIC urged to promote digital infrastructure, AI application

MIC urged to promote digital infrastructure, AI application

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

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.
Stricter fines for traffic violations introduced under new decree

Stricter fines for traffic violations introduced under new decree

Fines for cars which don't stop at red lights will increase sharply to 20 million VND (780 USD) starting on January 1, up from the previous 6 million VND (230 USD), under the new Decree No. 168/2024/ND-CP issued by the Prime Minister.
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.
Vietnam Airlines reports record profit, ending four years of losses

Vietnam Airlines reports record profit, ending four years of losses

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.
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.
tcty-dau-khi-vn-pv-power-2022
HCM City eyes sustainable cinema development

HCM City eyes sustainable cinema development

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

Cultural Heritage positions national brand in international arena

(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

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.
Lam Dong welcomes 10 millionth tourist in 2024

Lam Dong welcomes 10 millionth tourist in 2024

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

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

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

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.
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