Vietnam News

Amid the surging demand for semiconductor engineers driven by the AI boom, many companies are turning to Việt Nam for its talent pool and competitive labour costs, positioning the Southeast Asian nation as a "magnet" for major players in the chip industry.

It is critical to improve the legal framework for e-commerce to remain a driver for the development of digital economy in Việt Nam, an online conference held by the Government’s e-portal has been told.

Hoà Bình Construction, one of the leading enterprises in the construction industry, has been on a downward trend since 2022, when the real estate market fell into a prolonged gloom. 

Việt Nam News speaks with Hamza Malik, Director of the Macroeconomic Policy and Financing for Development Division at ESCAP, about the implications of Việt Nam's rapidly aging population. He explores the potential impacts on labour productivity, consumer demand, the economy and the fiscal adjustments and opportunities in developing the silver economy.

Việt Nam Bank for Social Policies has announced that the lending rate for social housing purchases and home repairs is increasing from 4.8 per cent to 6.6 per cent per year, applied on both existing and new loans.

Stocks showed a mixed performance on Wednesday, bringing an end to the VN-Index's three-day rally, while trading volume continued to decline for the fourth consecutive session.

Demand for pangasius has slumped in export markets compared to that of cod or pollock, and the situation is likely to persist, the Vietnam Association of Seafood Exporters and Producers has said.

The Gross Merchandise Volume (GMV) on the four largest platforms, Shopee, TikTok Shop, Lazada and Tiki, reached VNĐ87.37 trillion (US$3.6 billion) in the second quarter of this year.

The seventh edition of the annual Phú Mỹ Hưng Green Day 2024 will take place on August 24 and 25, 2024, at The Crescent Strip, Phú Mỹ Hưng City Centre in District 7 of HCM City, attracting thousands of residents and visitors from the city.

The scammers have created fake 'development funds' for trade, services, healthcare and technology, calling for investments and promising returns in minutes, in order to steal people's money.

The specialised economic zone is expected to make a significant contribution to Hải Dương's economic output and serve as a platform for implementing new production models and projects.

Most of Vietnamese businesses have acknowledged the importance of sustainable production to their competitiveness and long-term development in the context of the growing green consumption trend.

The export of animal feed and raw materials to the Chinese market reached over $200.48 million in the first six months of the year,

Việt Nam ranks third globally in the number of cryptocurrency holders. Data from the Crypto Crunch App indicates that 26 million people in the country own cryptocurrencies, five times the number with stock trading accounts.

With its diverse range of business activities and products consumed worldwide, Masan Group boasts a substantial workforce of nearly 40,000 employees, spanning multiple countries including Việt Nam, the US, Australia and India.

Auto sales in Việt Nam in July increased nine per cent from the previous month to 28,920 units.

The recently revised Capital Law contains many new articles with special machenisms to support businesses in Hà Nội. These include tax exemptions in the first five years. This law aims to encourage development in science and technology, which will help turn Hà Nội into a hub for innovation, research, and technology both nationally and regionally. The law will also help nurture dreams for young people and start-ups.

The expected improvement in export orders will provide momentum for the apparel and textile ticker symbols

Việt Nam’s export turnover of processed and manufactured industrial goods hit nearly US$192 billion in the first seven months of 2024.

The domestic steel market is currently inundated with various steel products, while imported steel continues to flood in, intensifying price competition for local producers.