Vietnam News

Việt Nam has established itself as a new giant in the global durian market, with export value reaching US$3.3 billion in 2024, CNBC recently reported.

The corporate bond market successfully raised nearly VNĐ500 trillion (US$20.6 billion) for the economy in 2024, yet the bulk of this capital came from banks. Non-bank enterprises, including manufacturing, services and real estate sectors, continued to face limited access to this funding channel.

The Law on Livestock, effective from January 1, 2025 prohibits production in areas such as cities, towns and living quarters.

Financial security is among the primary concerns for Vietnamese customers over the longer term.

The State Bank of Vietnam (SBV) has recently sent a document to commercial banks to publicly and transparently announce the principles for assigning credit growth in 2025.

2024 was a year of fluctuations, with many unfavourable factors domestically and internationally.

A 2024 report by the MoIT highlights substantial opportunities for Việt Nam to expand exports of agricultural products, food and consumer goods to ASEAN countries, including Indonesia and Malaysia.

A cloud of gloom hung over Việt Nam's stock market throughout the week.

Economic and trade cooperation remains a highlight in the multifaceted Việt Nam-UK relationship. Since 2021, bilateral trade has consistently grown year by year, reaching US$8.4 billion in 2024, a significant 18 per cent increase compared to 2023.

Customers of seven banks, including Vietinbank, BIDV, Vietcombank, Sacombank, TPBank, BVBank and Nam A Bank, can now scan LaoQR codes to make payments in Laos.

Though the city’s farmlands continue to disappear due to rapid urbanisation, productivity has increased over the years, reaching VNĐ619 million ($24,400) per hectare last year, up 0.7 per cent over 2023.

Land-related revenue in HCM City has surged nearly 50 per cent year-on-year, surpassing VNĐ25.3 trillion (nearly US$1 billion) in 2024, according to data from its Department of Natural Resources and Environment.

The Nanning branch of China Railway Group Limited reported a sharp increase in freight transport on the China-Việt Nam cross-border railway last year, with trains departing from Guangxi carrying a total of 19,670 containers, marking a staggering annual increase of 1,153 per cent.

Deputy Prime Minister Hồ Đức Phớc on January 10 asked the Republic of Korea (RoK)’s Charmvit Group to continue serving as a bridge to bring more Korean investors to Việt Nam in the coming time.

The People's Committee of the southern province of Đồng Nai, in collaboration with Việt Phát Group JSC, on January 10 began work on an office leasing and commercial centre in Hiệp Hòa Ward, Biên Hòa City, with a total investment of over VNĐ6 trillion (US$236.4 million), making it one of the largest commercial centre projects in Việt Nam.

Despite having 377 automobile enterprises, with nearly half being foreign direct investment (FDI) firms, the country relies heavily on imports, sourcing about 80 per cent of its production components, according to local experts.

For decades, SOEs have been seen as the backbone of the nation’s industrial development. However, private enterprises, often viewed as the agile engines of innovation, are now stepping in as equal partners.

The website said the banking sector, in particular, becomes a cornerstone of this economic resurgence, driving consumer credit growth and facilitating expansive economic opportunities.

Market breadth was decidedly negative, with 250 declining stocks, compared to 68 advancing. Trading value on the southern bourse increased significantly to approximately VNĐ11.2 trillion (US$440.1 million), a 49.3 per cent rise from the previous session.

The General Statistics Office will take the prime responsibility for summarising information from these indicators.