Vietnam News

Bitexco Group has reached an agreement to transfer its 100 per cent stake in Saigon Glory, the developer of the luxury One Central HCM twin towers in central HCM City, to Eastern Hanoi Real Estate Company Limited.

Despite encouraging growth amid a volatile global economy, the timber industry faces significant challenges from market dynamics and natural disasters in the final months of 2024.

According to finance and banking expert Nguyễn Chí Hiếu, the fact that many real estate companies have simultaneously paid dividends to investors reflects the positive recovery of the real estate market.

Given the evolving economic landscape and changes in living standards, The Ministry of Finance is conducting a comprehensive review and assessment of the Personal Income Tax Law, which includes the consideration of family circumstance deductions.

In the first half of September, the influx of imported cars into Viet Nam remained robust, despite a recent government policy to reduce registration taxes for domestically assembled vehicles.

The Vietnam Trade Promotion Agency (Vietrade) and the SPIRIT Slovenia Business Development Agency signed a Memorandum of Understanding (MoU) on cooperation at a bilateral trade forum organised in Hà Nội on September 26.

The Philippines’ Aboitiz Foods on September 26 inaugurated a US$45 million animal feed plant at the Nhựt Chánh Industrial Park, Bến Lức district, the Mekong Delta province of Long An.

Việt Nam and Indonesia are witnessing positive growth in business relations, with significant potential for collaboration across sectors, particularly in high-tech industries, agriculture, and fisheries.

Saigon Co.op announced its zoning plans for raw material areas and signed memorandums of understanding with 17 producers and suppliers in six provinces and cities at a ceremony it held in HCM City on September 24.

On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index increased by 4.01 points, or 0.31 per cent, to end the trading session at 1,291.49 points, marking its third consecutive day of gains.

The Việt Nam-US relationship was elevated to a comprehensive strategic partnership on September 10, 2023. One year on, cooperation between the two countries has expanded. On his recent visit to the US, Việt Nam’s top leader Tô Lâm expressed his wish that the partnership will continue to be strengthened.

LOTTE Group and its subsidiaries, including LOTTE Department Store, LOTTE Mall West Lake Hà Nội, LOTTE Mart, LOTTE E&C, LOTTE Hotels, and LOTTE Rental, have swiftly mobilised to contribute VNĐ3 billion to support relief & recovery efforts.

According to the organisers, the seminar will focus on two main topics: 'Proper Use of Euro 5 Fuel' and 'Electrified Vehicles: Hybrid Technology'. Experts will offer diverse perspectives on trends and the potential development of electric vehicle models.

The Ministry of Construction (MoC) proposed nine solutions aimed at reducing housing prices and stabilising the real estate market.

The two-day annual Supply-Demand Connection Conference between HCM City and various provinces and cities opened on September 26 with more than 2,000 businesses taking part.

The domestic producers allege that wood fibre board products from Thailand and China are being dumped into the Vietnamese market, causing significant harm to local manufacturers.

The Ministry of Planning and Investment (MPI) is currently seeking public feedback on a draft decision from the Prime Minister to establish a new national economic sectors system, which includes a National Green Economy framework.

The air route between the Mekong Delta city of Cần Thơ and Phú Quốc island, a tourism hub off the southern province of Kiên Giang, will be resumed from October 28.

The General Department of Taxation will organise a direct dialogue with taxpayers from five provinces and cities to hear feedback on the practical implementation of current tax policies.

The relationship between Việt Nam and the UK has been vibrant across the board this year, with a flurry of activities that underscore the latter’s status as one of Việt Nam's important markets. Việt Nam News correspondent Thu Ngân speaks with Alex Smith, the British consul general in HCM City and trade director for Việt Nam, about bilateral trade relations, prospects and initiatives.