Vietnam News Economy

After 11 months, Việt Nam-China bilateral trade reaches US$185.4 billion, nearing a historic milestone of $200 billion

Market breadth was positive, with 205 stocks advancing and 93 declining. Liquidity on the southern bourse fell slightly to VNĐ16.7 trillion (approximately US$658.2 million), a decrease of 5.1 per cent compared to the previous session. 

The German Business Association (GBA) in Việt Nam has recently announced its focus on sustainable investments for 2025, with an emphasis on industries such as renewable energy, digital transformation, and high-tech manufacturing.

Nearly 100 Vietnamese entrepreneurs, including US-based Vietnamese entrepreneurs, gathered at an online business networking programme in HCM City on December 9 to foster cooperation and explore opportunities for growth in the global market.

PM Phạm Minh Chính underscored that as a transitional economy, Việt Nam is focusing on three strategic breakthroughs, including developing infrastructure, particularly transport  infrastructure.

The plastics industry has enjoyed impressive growth this year, driven by steady demand from the construction, packaging and consumer industries, according to the Việt Nam Plastics Association.

Two-way trade is expected to exceed $134-135 billion this year.

The 'Exciting Shopping' fair aims to increase retail sales of goods and services during year-end.

Starting December 25, 2024, companies issuing private bonds domestically or corporate bonds internationally must adhere to updated information disclosure requirements outlined in Circular 76/2024/TT-BTC issued by the Ministry of Finance.

VinBrain has provided AI-based equipment and tools for 182 hospitals in Việt Nam, the US, India, Australia and other countries.

Belc Company, a Japan-based business operating a chain of retail stores in the Tokyo metropolitan area and the Saitama and Gunma prefecture, has been approaching suppliers of farm produce and hi-tech and tourism products for íts market.

Two cutting-edge AI research centres, namely Việt Nam Research and Development Centre and AI Data Centre, will be established under the partnership between Việt Nam and US tech giant NVIDIA, making a significant milestone in the country’s technological transformation.

But the pace of any revival remains measured due to sluggish sales and limited improvements in consumer incomes.

From 2025 to 2030, the Ministry of Transport will focus on institutional reforms in seven key areas to develop a yachting industry in the country.

The list of stocks ineligible for margin trading on HoSE has increased to 86, including 81 stocks and five fund certificates.

E-commerce growth has boosted Việt Nam's economy but created tax challenges, prompting revisions to the Tax Administration and VAT Laws for better compliance.

After a prolonged period of sluggishness, Việt Nam’s stock market experienced a remarkable breakout, with the VN-Index surpassing its 2023 peak and making significant strides toward the psychological 1,300-point threshold.

In the first 11 months of 2024, export value expanded by 14.4 per cent to $369.9 billion, while imports grew by 16.4 per cent to $345.6 billion.

Thanks to advantages from free trade agreements (FTAs), Gia Lai Province has achieved its export turnover target of US$750 million two months earlier than planned.

The project signifies the ecosystem-driven development under the Vingroup umbrella.