Vietnam News

Hà Nội is currently in a critical phase of disbursing public investment, aiming to fully allocate funds to boost capital efficiency, speed up infrastructure development, and strengthen the city’s competitiveness.

A total of 115 foreign suppliers have registered and paid taxes through the electronic portal, contributing over VNĐ18 trillion (US$711.88 million) to the state budget, according to the Ministry of Finance’s General Department of Taxation (GDT).

VinFast and the Durango Drivers’ Union in Mexico signed a Memorandum of Understanding (MoU) to collaborate on the green transition of public transport, including the potential purchase of 3,000 VF 5 electric cars and 300 electric buses.

On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index closed the session at 1,244.71 points, down 10.18 points, or 0.81 per cent.

Foxconn's Shunsin Technology Việt Nam is seeking an environmental permit for a US$80 million chip manufacturing project in Bắc Giang province.

Leading US investment funds and over 30 businesses will visit HCM City to seek investment opportunities.

The Việt Nam Trade Office in Canada has taken part in the 2024 MIBIExpo, an international investment promotion exhibition, in Montreal, to enhance cooperation and connections between the two countries.

Việt Nam exported 800,000 tonnes of rice for US$505 million in October, bringing the ten-month total to 7.8 million tonnes worth $4.86 billion, up 10.2 per cent in volume and 23.4 per cent in value year-on-year.

The industrial sector's share of GDP could be over 40 per cent, with the manufacturing and processing industry alone accounting for around 30 per cent of GDP.

State Bank of Vietnam (SBV)’s Governor Nguyễn Thị Hồng said real estate loans by the end of September this year were VNĐ3.15 quadrillion, up 9.15 per cent compared to the end of last year.

The Civil Aviation Authority of Việt Nam (CAAV) has asked all officers and employees working in air transport to be alert to counterfeit and prohibited goods.

A wave of cheap goods on Chinese e-commerce platforms, such as Taobao, 1688, Shein and Temu, has forced Vietnamese businesses to adapt.

Vietnamese businesses need to step up the building of close relationships with partners and associations in the US.

Mergers and acquisition (M&A) activities in Việt Nam have been showing signs of recovery in recent months as several large companies announced finished deals.

The demand for jewellery in Việt Nam was at 2.6 tonnes, an year-on-year drop of 13 per cent, according to World Gold Council.

The Vietnamese stock market is currently in a transitional phase, presenting both opportunities and challenges. Notably, attention should be given to the sectoral divergence and the cautious stance of foreign investors.

The ministry will also look at mechanisms for exchanging and offsetting carbon credits for projects which convert from fossil fuel vehicles to EVs.

App developers in Việt Nam have numerous opportunities and great potential to maximise monetisation and expand their businesses in both Vietnamese and foreign markets, according to experts at the "Future of Monetisation in Việt Nam" forum held in HCM City on Wednesday.

Minister of Industry and Trade Nguyễn Hồng Diên highlighted the Việt Nam-UAE Comprehensive Economic Partnership Agreement (CEPA)'s significance, describing it as a breakthrough that will significantly enhance economic, trade, and investment cooperation between the two nations.

Developing a domestic Halal industry catered to Muslims has been actively promoted by the Vietnamese Government in recent years. Apart from getting Vietnamese food products to meet halal standards to enter Islamic countries, halal tourism is also a new market that experts say Việt Nam should be exploring.