Support industries

MoIT helps enterprises connect with multinational corporations

16:56 | 06/08/2024 Support industries

(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

18:03 | 02/08/2024 Industry

The 2024 Supporting Industry Show to open in Ho Chi Minh City, from October 2-4.

Binh Duong, preferred destination for supporting industry investors

15:05 | 22/07/2024 Support industries

(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.

RoK helps Vietnam participate in global supply chains

11:20 | 22/07/2024 Support industries

(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.

Ninh Binh prioritizes high-tech and environmentally friendly projects

16:28 | 19/08/2024 Support industries

(VEN) - Ninh Binh holds a strategically important position, connecting the Northern, Central, and Northwestern regions of Vietnam. Located within the Hanoi - Hai Phong - Quang Ninh - Thanh Hoa economic development quadrilateral, the province has favorable conditions for the development of supporting industries.

Supporting industries become more attractive

14:29 | 13/08/2024 Support industries

Vietnam's supporting industries (SI) are becoming increasingly attracting to foreign direct investment (FDI). However, stronger policies are necessary to enable domestic enterprises to make significant breakthroughs in this sector.

Long-term credit needed for mechanical enterprises

14:36 | 07/08/2024 Support industries

(VEN) - The supporting industry for Vietnam’s mechanical engineering sector is facing numerous challenges related to policies, workforce, production costs, and industry linkages.

Competitveness enhancement needed for global integration

13:10 | 08/07/2024 Support industries

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

Mechanical manufacturers seek foreign markets

06:00 | 07/07/2024 Support industries

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

Supporting industries seek further support

09:20 | 26/06/2024 Support industries

(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.

Needed: high-quality human resources

10:10 | 24/06/2024 Support industries

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

Hanoi: Supporting industry enterprises improve competitiveness

16:37 | 06/06/2024 Support industries

(VEN) - Support industries have contributed significantly to the economic development of the capital of Hanoi.

Textile, garment sector prioritizes material development

14:00 | 30/05/2024 Support industries

(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

16:50 | 20/05/2024 Support industries

(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

06:00 | 14/05/2024 Support industries

(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

08:09 | 13/05/2024 Support industries

(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

06:00 | 29/04/2024 Support industries

(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

06:00 | 11/04/2024 Support industries

(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

06:00 | 27/03/2024 Support industries

(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

06:00 | 12/03/2024 Support industries

(VEN) - Joining global supply chains remains a challenging issue for Vietnamese supporting industry businesses.

Material, spare part self-supply imperative

06:00 | 03/02/2024 Support industries

(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.

Trước Sau

Latest Most Read

Logistics firms optimistic about growth prospects in 2025: Survey

17:12 | 02/01/2025 Economy

The logistics industry’s business community has expressed optimism about growth prospects in 2025, with nearly 42% of companies surveyed by Vietnam Report JSC affirming that their business outlook will be more positive.

Long-term strategies needed to prepare for rising power demand

17:04 | 02/01/2025 Economy

As Vietnam’s electricity consumption demand in 2025 is forecast to show double digit growth, 10.5-13% compared to 2024, manufacturing needs to have long-term investment strategies to minimise risks from fluctuations in prices and supply, experts said.

Vietnam urged to bolster global integration, multilateralism for new era

16:24 | 02/01/2025 Cooperation

In a move to usher Vietnam into a new era of growth and prosperity, Vietnam should double down on its global integration efforts and strengthen its commitments to multilateralism, according to Vietnamese representative in Switzerland and foreign former officials.

Ha Tinh: 90 wild animals released back to nature

16:18 | 02/01/2025 Environment

Authorities have released 90 wild animals of 14 species into Vu Quang National Park in the central province of Ha Tinh.

India launches anti-dumping investigation on nylon yarn imports from Vietnam

16:10 | 02/01/2025 Trade

India’s Directorate General of Trade Remedies (DGTR) has initiated an anti-dumping investigation into nylon filament yarn imported from China and Vietnam, the Trade Remedies Authority of Vietnam reported.

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.

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

06:00 | 25/12/2024 Vietnamese Brands

(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.

PM urges realisation of high-level agreements with Saudi Arabia, UAE, Qatar

08:48 | 25/12/2024 News and Events

Prime Minister Pham Minh Chinh held a working session with ambassadors and staff of the Embassies of Saudi Arabia, the United Arab Emirates (UAE) and Qatar in Hanoi on December 24 to accelerate the realisation of high-level agreements between Vietnam and the three countries.

Top 10 prominent events of Vietnam in 2024 selected by VNA

08:54 | 25/12/2024 News and Events

As 2024 is nearing its end, the Vietnam News Agency has selected the top 10 events in the country in the year.

Vietnam aims to reduce greenhouse gas emissions in agriculture production

08:57 | 25/12/2024 Society

The transformation of agricultural production towards ecological, organic, circular and low-emission agriculture is a top priority as Vietnam seeks to meet its goal of achieving net-zero emissions by 2050, experts 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

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.

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

Revised Power Development Plan VIII to be submitted by February's end

16:01 | 02/01/2025 Industry

The Ministry of Industry and Trade (MoIT) will submit the revised National Power Development Plan VIII to the Prime Minister for approval by February 28, 2025, Deputy Minister Nguyen Hoang Long has said.

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

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.

Investment

Dong Trieu city emerges as Vietnam’s new investment hotspot

15:03 | 02/01/2025 Investment

The newly-established city of Dong Trieu is positioning itself as a promising investment destination in the northern region, marking its elevation from township status as Quang Ninh province’s fifth city from November 1 last year.

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

(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.

Finance-Banking

Financial sector asked to promote creativity in performing tasks for 2025

19:12 | 01/01/2025 Finance-Banking

Prime Minister Pham Minh Chinh chaired a conference in Hanoi on December 31 to review budgetary-financial affairs in 2024 during which he requested the financial sector to change mindset and promote creativity to complete all finance-budget-related tasks in 2025.

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.

Environment

Ha Tinh: 90 wild animals released back to nature

16:18 | 02/01/2025 Environment

Authorities have released 90 wild animals of 14 species into Vu Quang National Park in the central province of Ha Tinh.

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

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.

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

Capital Law opens the path for building a green Hanoi

16:59 | 01/01/2025 Society

The 2024 Capital Law sets the goal to increase green space, improve environmental quality, and protect biodiversity in the capital Hanoi.

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).

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