Binh Duong needs 300 million USD to upgrade urban infrastructure

Binh Duong needs 300 million USD to upgrade urban infrastructure

The southern province of Binh Duong is implementing a plan to access loans of nearly 317 million USD to upgrade urban infrastructure for residents' better living conditions, according to Vice Chairman of the provincial People’s Committee Mai Hung Dung.
Vinh Phuc Province, destination for global corporations

Vinh Phuc Province, destination for global corporations

(VEN) - In early September 2024, Richard Chandler, a billionaire ranked 15th on Forbes’ list of the 50 wealthiest billionaires in Singapore, proposed to Tran Duy Dong, Chairman of the People’s Committee of Vinh Phuc Province, a project worth VND1 trillion to be developed in the locality.
Hưng Yên creates open environment to attract investment

Hưng Yên creates open environment to attract investment

With an open investment environment, modern infrastructure and abundant labour resources, Hưng Yên has successfully marketed itself as an attractive destination for investors.
Vietnam has great potential to attract FDI in medical sector

Vietnam has great potential to attract FDI in medical sector

(VEN) - With a large and growing domestic market, socioeconomic stability, and active participation in free trade agreements (FTAs), Vietnam has significant potential to attract foreign direct investment (FDI) in the medical sector.
Investors upbeat about Vietnam’s industrial property market

Investors upbeat about Vietnam’s industrial property market

Hanoi – Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.
Real estate segments benefit from surging FDI inflow in production

Real estate segments benefit from surging FDI inflow in production

HCM City – Despite a modest influx of foreign direct investment (FDI) in the real estate sector since early 2024, Savills Vietnam sees a silver lining in the surge of FDI into high-tech manufacturing.
Dong Nai rolls out red carpet for investment in "100-year development strategy"

Dong Nai rolls out red carpet for investment in "100-year development strategy"

The southern province of Dong Nai is considered to be at a golden stage, gathering all necessary factors to accelerate and make strong breakthroughs in the coming years, including aligning the province's development with the Southeast region.
Ben Tre calls on investors to coastal areas

Ben Tre calls on investors to coastal areas

The southern province of Ben Tre is striving to attract investors to its coastal areas as a move to realise its goal of developing its eastern part.
Bình Dương eyes semiconductor, high-tech development

Bình Dương eyes semiconductor, high-tech development

The southern province of Bình Dương is focusing on facilitating investment in semiconductor and high-tech industries to leverage its advantages in these fields.
Lai Châu attracts VND2 trillion worth of investments

Lai Châu attracts VND2 trillion worth of investments

Lai Châu Province attracted more than VNĐ2 trillion (US$80.5 million) of investments at an investment promotion conference held on Sunday.
Public investment disbursement acceleration promotes socio-economic development

Public investment disbursement acceleration promotes socio-economic development

Vietnam is speeding up public investment disbursement to push growth, after going through difficult times due to the severe economic impact of Typhoon Yagi.
RoK companies step up investment in hi-tech industries in Vietnam

RoK companies step up investment in hi-tech industries in Vietnam

Investment of the Republic of Korea (RoK) in Vietnam has gradually expanded from heavy industries to a wide range of high-tech industries, significantly contributing to the development of the manufacturing industry and high technology transfer between the two countries, according to the Korean Chamber of Commerce in Vietnam (KOCHAM).
Ca Mau Province accelerates public investment disbursement

Ca Mau Province accelerates public investment disbursement

This southernmost province has set a target of 7% economic growth this year, so the pressure to disburse public investment capital from now until the end of the year is still very large, and solutions are needed to create a breakthrough.
HCM City approves US$9b Cần Giờ coastal urban development project

HCM City approves US$9b Cần Giờ coastal urban development project

HCM City People’s Committee has approved the planning for the Cần Giờ coastal urban area, which covers an area of 2,870 hectares and is projected to attract nearly US$9 billion in private investment.
Bac Ninh leads nation in FDI attraction in nine months

Bac Ninh leads nation in FDI attraction in nine months

Bac Ninh province continued topping the nation for foreign direct investment (FDI) influx with a total of over 4.2 billion USD during January-September on the back of its sound investment climate, modern infrastructure, and abundant labour force.
Total social investment capital disbursed in nine months up 6.8%: GSO

Total social investment capital disbursed in nine months up 6.8%: GSO

The total social investment capital disbursed during January – September rose 6.8% to some 2.42 quadrillion VND (97.2 billion USD) on the back of a fall in lending interest rate, robust production growth, and the continuation of tax incentives, according to the General Statistics Office (GSO).
Bến Tre to unlock potential for investment attraction

Bến Tre to unlock potential for investment attraction

The Cửu Long (Mekong) Delta province of Bến Tre has approved six projects with a total capital of nearly VNĐ8 trillion (US$322 million).
Foreign capital influx permeates southern real estate market

Foreign capital influx permeates southern real estate market

Foreign investment are continuously poured into the real estate market in southern localities, resulting in the emergence of a series of new property projects in the past eight months.
Foreign investment surpasses 24.78 billion USD in nine months

Foreign investment surpasses 24.78 billion USD in nine months

Total registered foreign investment into Việt Nam has exceeded US$24.78 billion as of September 30, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
Brescia province

Brescia province's business community interested in Vietnamese market

Vietnamese Ambassador to Italy Duong Hai Hung on October 1 attended a business forum on Southeast Asian markets held in the city of Brescia in Northern Italy, at the invitation of President of the Federation of Employers (Confindustria) of Brescia province Franco Gusalli Beretta.
Long Son Petrochemicals complex starts commercial operation

Long Son Petrochemicals complex starts commercial operation

Long Son Petrochemicals (LSP)’s integrated petrochemical complex, the first of its kind in Vietnam, was put in commercial operation on September 30.
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Vietnam’s automotive supporting industry: A bright future ahead, riding the wave of growth

Vietnam’s automotive supporting industry: A bright future ahead, riding the wave of growth

(VEN) - In recent years, the demand for transportation vehicles in Vietnam has surged rapidly, making the market highly promising, as assessed by experts.
Can Tho eyes stronger cooperation with US partners

Can Tho eyes stronger cooperation with US partners

The Mekong Delta city of Can Tho wishes to strengthen cooperation with enterprises and localities of the US in areas of economics, education, healthcare, and sustainable environmental development, Secretary of the municipal Party Committee Nguyen Van Hieu told US Ambassador to Vietnam Marc Knapper in a meeting with the diplomat on November 21.
Thai packaging giant takes 30-year lease for largest ready-built factory in Tay Ninh

Thai packaging giant takes 30-year lease for largest ready-built factory in Tay Ninh

Thantawan Industry Public Company Limited, a leading plastic bag and straw manufacturer with more than 40 years of experience in Thailand, officially took out a landmark 30-year lease for a ready-built factory at Phuoc Dong Industrial Park, the southern province of Tay Ninh.
Bulgarian President’s visit to deepen ties with Việt Nam: Ambassador

Bulgarian President’s visit to deepen ties with Việt Nam: Ambassador

Vietnamese Ambassador to Bulgaria Đỗ Hoàng Long said the visit underscores Việt Nam's high regard for Bulgaria as a traditional, trusted and important partner in the Balkans region.
Association boosts insurance sector’s sustainable development

Association boosts insurance sector’s sustainable development

(VEN) - The Insurance Association of Vietnam has effectively played its role as a bridge between its member insurance companies and relevant state authorities while protecting the legitimate rights and interests of its members. Vietnam Economic News’ Kim Xuyen spoke with Nguyen Xuan Viet, Chairman of the Insurance Association of Vietnam about this.
strengthening vietnam cambodia friendship and cooperation

Strengthening Vietnam-Cambodia friendship and cooperation

Chairman of the National Assembly Tran Thanh Man leads a high-ranking delegation to make an official visit to Cambodia, and attend some international events hosted by the neighboring country on November 21 to 24.
vietnam malaysia strategic partnership

Vietnam - Malaysia Strategic Partnership

Since the establishment of diplomatic relations, the relationship between Vietnam and Malaysia has been continuously strengthened and developed positively across all areas, especially since it was upgraded to a Strategic Partnership in August 2015.
vietnam dominican republic strengthening cooperation

Vietnam, Dominican Republic strengthening cooperation

At the invitation of Dominican President Luis Rodolfo Abinader Corona and his spouse, Prime Minister Pham Minh Chinh and his spouse, accompanied by a high-level Vietnamese delegation, pay an official visit to the Dominican Republic from November 19 to 21, 2024. This visit holds significant importance as it marks the first official trip by a Vietnamese leader to the Dominican Republic, taking place ahead of the 20th anniversary of diplomatic ties between the two nations (July 7, 2005 – July 7, 2025).
vietnam brazil strategic partnership

Vietnam - Brazil strategic partnership

During his trip to Brazil from November 16-19 for the G20 Summit and bilateral engagements, Prime Minister Pham Minh Chinh held talks with Brazilian President Luiz Inácio Lula da Silva. The two leaders agreed to elevate the Vietnam-Brazil bilateral relations to a Strategic Partnership and issue a joint statement on the upgrade of the ties.
nhon hanoi station elevated urban railway comes into operation

Nhon - Hanoi Station elevated urban railway comes into operation

The elevated section of the pilot Nhon - Hanoi Station urban railway project has officially entered commercial operation, three months after its debut. This marks a pioneering step toward green transformation, laying the foundation for the capital's public and sustainable transportation development.
New decree on using telecommunications accounts for payment proposed

New decree on using telecommunications accounts for payment proposed

Currently, the use of a telecommunications account to pay for small-value goods and services in the country, called Mobile-Money service, is being implemented in a pilot programme.
Parliament approves amendments to pharmacy law

Parliament approves amendments to pharmacy law

On drug price management, the NA Standing Committee reviewed and concurred with the Government’s proposal to implement measures for publishing projected wholesale prices for prescription drugs.
VAT tax reduction should continue until mid-2025: Ministry

VAT tax reduction should continue until mid-2025: Ministry

Hanoi - The Ministry of Finance (MoF) has proposed Vietnam's value-added-tax (VAT) reduction should continue until at least June 2025, saying the tax cut has provided both the business community and the economy with much-needed support.
NA deputies scrutinise investment policy for North-South high-speed railway project

NA deputies scrutinise investment policy for North-South high-speed railway project

The preliminary total investment for the project is estimated at VNĐ1.7 quadrillion (around US$67.34 billion). To ensure its progress and success, 19 special policies have been proposed.
Vietnam’s automotive supporting industry: A bright future ahead, riding the wave of growth

Vietnam’s automotive supporting industry: A bright future ahead, riding the wave of growth

(VEN) - In recent years, the demand for transportation vehicles in Vietnam has surged rapidly, making the market highly promising, as assessed by experts.
VN

VN's food processing industry struggles to improve quality and value chain integration

Despite accounting for 19.1 per cent of Việt Nam’s processing sector, the food processing industry has been struggling with major issues such as poor-quality raw materials and subpar value chain integration, said industry insiders and economists.
Tra fish sector aiming for production, processing greening for sustainable development

Tra fish sector aiming for production, processing greening for sustainable development

HCM City - Greening production and processing to meet export requirements is both a trend and a necessity for many industries, including the tra fish sector.
Solutions discussed to ensure coal supply for electricity generation in 2025

Solutions discussed to ensure coal supply for electricity generation in 2025

Việt Nam Electricity (EVN), Việt Nam National Coal and Mineral Industries Holding Corporation Limited (TKV), and Đông Bắc Corporation have proposed solutions to secure sufficient coal for power generation as thermoelectricity is expected to rise significantly to meet 2025's socio-economic power demand.
Thai packaging giant takes 30-year lease for largest ready-built factory in Tay Ninh

Thai packaging giant takes 30-year lease for largest ready-built factory in Tay Ninh

Thantawan Industry Public Company Limited, a leading plastic bag and straw manufacturer with more than 40 years of experience in Thailand, officially took out a landmark 30-year lease for a ready-built factory at Phuoc Dong Industrial Park, the southern province of Tay Ninh.
Workshop seeks ways to attract Japan’s green investment to Vietnam

Workshop seeks ways to attract Japan’s green investment to Vietnam

A workshop was held in Tokyo on November 18 to introduce to Japanese businesses investment trends in Vietnam and its pioneering industrial parks with carbon neutral initiatives.
Government approves investment policy to build Cam Lien Industrial Park in Quang Binh

Government approves investment policy to build Cam Lien Industrial Park in Quang Binh

On November 16, the leader of the Quang Binh Provincial Economic Zone Management Board said that the Government had just approved the investment policy for Cam Lien Industrial Park.
Disbursement of public investment must be accelerated: Deputy PM

Disbursement of public investment must be accelerated: Deputy PM

Deputy Prime Minister Ho Duc Phoc has called on ministries, agencies, and localities to accelerate the disbursement of public investment from now until the year-end and further tighten investment management.
HDBank wins three awards at Vietnam Listed Company Awards 2024

HDBank wins three awards at Vietnam Listed Company Awards 2024

The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank - HoSE: HDB) has received three prestigious awards at the Vietnam Listed Company Awards 2024, highlighting its leadership in the banking sector, as well as its dedication to transparency and governance.
VIB, Flywire partner to streamline cross-border payments for students from Vietnam

VIB, Flywire partner to streamline cross-border payments for students from Vietnam

Vietnam International Bank (VIB) has announced a partnership with Flywire, a global payments enablement and software company based in Boston, to enable Vietnamese payers to digitally pay international education-related fees in their local currency to higher education institutions all over the world.
Vietcombank issues 2 trillion VND worth of green bonds for first time

Vietcombank issues 2 trillion VND worth of green bonds for first time

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has successfully issued 2 trillion VND worth of green bonds, the first of its kind, to support eco-friendly projects.
UK stands ready to help Vietnam build international financial hub

UK stands ready to help Vietnam build international financial hub

The UK’s support for Vietnam in establishing an international financial hub is a significant development that reflects the growing economic ties between the two nations.
Significant progress in fisheries

Significant progress in fisheries' environmental protection but challenges remain

All provinces and cities across the country had issued plans and directives to implement specific activities of the project in line with local conditions.
Hà Nội prepares for temperature drop as cold front approaches

Hà Nội prepares for temperature drop as cold front approaches

According to the NCHMF, the cold front will result in temperatures dropping sharply across the northern region.
Hundreds of damaged irrigation reservoirs need repairing

Hundreds of damaged irrigation reservoirs need repairing

Việt Nam's system of dams and reservoirs is facing numerous challenges. Unusual rainfall patterns, flash floods due to climate change and the degradation of many structures pose significant safety risks.
Greening e-commerce crucial for sustainable development

Greening e-commerce crucial for sustainable development

(VEN) - While e-commerce has emerged as a leading sector of the digital economy, driving economic growth and leading the digital transformation of businesses, it has also resulted in significant waste with adverse environmental impacts.
Việt Nam and Korean NIPA strengthen tech cooperation

Việt Nam and Korean NIPA strengthen tech cooperation

The Minister of Information and Communications, Nguyễn Mạnh Hùng, commended NIPA for its contributions in assisting Việt Nam in establishing a legal framework for the draft digital industry law.
Cyberattack risks surge with AI advancements

Cyberattack risks surge with AI advancements

Cyberattacks are becoming more sophisticated and complex, especially with the assistance of artifical intelligence (AI), said Deputy Minister of Information and Communications Bùi Hoàng Phương.
People, community at heart of digital transformation: Deputy PM

People, community at heart of digital transformation: Deputy PM

He called on countries and organisations to bolster close cooperation to build an Internet community of safety, responsibility and development while laying stress on Việt Nam's significant progress in the digital transformation programme.
AI is core technology of 4th Industrial Revolution: Minister

AI is core technology of 4th Industrial Revolution: Minister

Minister of Information and Communications Nguyen Manh Hung on November 19 emphasised that artificial intelligence (AI) is the core technology of the 4th Industrial Revolution, as important as the steam engine of the first Industrial Revolution, the power generator of the 2nd Industrial Revolution and the personal computer of the 3rd Industrial Revolution.
Association boosts insurance sector’s sustainable development

Association boosts insurance sector’s sustainable development

(VEN) - The Insurance Association of Vietnam has effectively played its role as a bridge between its member insurance companies and relevant state authorities while protecting the legitimate rights and interests of its members. Vietnam Economic News’ Kim Xuyen spoke with Nguyen Xuan Viet, Chairman of the Insurance Association of Vietnam about this.
Vietnam, Venezuela step up educational cooperation

Vietnam, Venezuela step up educational cooperation

Mexico City - An educational cooperation agreement for the 2024-2029 period was signed by Vietnam’s University of Technology and Management (UTM) and Andrés Bello Catholic University (UCAB) of Venezuela on November 21 as part of activities celebrating the 35th anniversary of diplomatic relations between the two countries (December 18, 1989-2024).
A series of scientific seminars on influenza prevention

A series of scientific seminars on influenza prevention

In Ho Chi Minh City, Sanofi Southeast Asia and India successfully organized and leveraged a series of scientific seminars on influenza, attracting over 400 healthcare professionals from both the region and around the globe.
Insurance Association of Vietnam: 25-year journey of growth

Insurance Association of Vietnam: 25-year journey of growth

(VEN) - The Insurance Association of Vietnam (IAV) was established under Decision 51/1999/QD/BTCCBCP dated July 9, 1999 of the Government’s Commission for Organization and Personnel (now the Ministry of Home Affairs). Over the past 25 years of development, the association has affirmed its vital role in the Vietnamese insurance market.
Doubling insurance product’s payout significantly benefits customers

Doubling insurance product’s payout significantly benefits customers

(VEN) - The Agriculture Bank Insurance Joint Stock Corporation (ABIC) has officially doubled the maximum payout for its Bao An insurance product to VND1 billion. This is a major breakthrough, enhancing financial protection for customers amid an increasingly volatile economy and rising demand for financial security.
PJICO: 30 years of development

PJICO: 30 years of development

(VEN) - Throughout the past 30 years of establishment and development, Petrolimex Insurance Corporation (PJICO) has solidified its position in the non-life insurance sector and overcame numerous challenges.
VN takes part in food and beverage fair in Chicago

VN takes part in food and beverage fair in Chicago

The event is organised by the Private Label Manufacturers' Association (PLMA).
Hòa Bình honey awaits reactions from UK

Hòa Bình honey awaits reactions from UK

Farmers, producers, and the agricultural authorities in Hòa Bình Province are waiting for feedback on their locally produced honey, which was exported for the first time to the UK last month.
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Vibrant cultural rendezvous in Hanoi

Vibrant cultural rendezvous in Hanoi

(VEN) - The 2024 International Food Festival will take place from December 7-8 in Hanoi, aiming to promote cultural and culinary exchange among nations.
Cultural activities celebrate Việt Nam Heritage Day

Cultural activities celebrate Việt Nam Heritage Day

One hundred paintings from traditional folk painting villages in Việt Nam will go on display at the central city’s Fine Arts Museum in celebration of Heritage Day from November 22-30.
Bac Ninh Province: Dong Ho folk painting needs urgent safeguarding

Bac Ninh Province: Dong Ho folk painting needs urgent safeguarding

(VEN) - Dong Ho folk painting village, located in Dong Khe Hamlet, Song Ho Commune, Thuan Thanh Town, Bac Ninh Province, boasts an over-400-year history. Its origin is tied to the Vietnamese tradition of hanging paintings during the Lunar New Year (Tet), the Mid-Autumn Festival, and ancestor worship.
Vietnamese designers tell stories of culture at Fashion Week

Vietnamese designers tell stories of culture at Fashion Week

Vietnamese fashion designers took audiences in Hà Nội on a journey to explore the country’s culture and heritage through their new collections presented at the Aquafina Việt Nam International Fashion Week (AVIFW) Fall/Winter 2024.
Golden time for community-based tourism development

Golden time for community-based tourism development

(VEN) - Community-based tourism is a model in which local communities provide tourists with products and services and share the benefits generated by tourism.
Christmas Festival to entertain visitors to Đà Nẵng

Christmas Festival to entertain visitors to Đà Nẵng

A public space in celebration of Christmas Day and New Year – Danang X’mas-New Year – will be opened at the pedestrian area and stages on the Hàn River banks near the Rồng (Dragon) Bridge from December 19 to January 2, offering entertainment and festive activities for all residents and visitors.
How trekking the mountains lifted me up and above ... the clouds: conquering Lùng Cúng

How trekking the mountains lifted me up and above ... the clouds: conquering Lùng Cúng

Not only is trekking to the top of a mountain an active physical workout and you get a clean intake of oxygen, it is about the joy of overcoming yourself.
Blooming buckwheat flowers on Ha Giang roads

Blooming buckwheat flowers on Ha Giang roads

(VEN) - When buckwheat flowers on the hills and in the valleys of the Dong Van karst plateau bloom, it is also the peak tourist season in the Northernmost province of Ha Giang.
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