Vietnam News Economy

The ‘Made in Vietnam 2024’ Goods Week will take place in two areas of the capital.

Việt Nam needs to improve policy implementation to bring about sustained economic growth, while the middle-income trap is considered to be the biggest challenge during the path to a high-income economy by 2030, a conference held by the Australian National University in Canberra heard on Friday.

Running through December 8, 2024, the event showcases and promotes Yên Bái's agricultural products to Hà Nội consumers during the peak end-of-year shopping season. 

The framework aligns with the International Capital Market Association’s (ICMA) Green Bond Principles, reinforcing Techcombank’s commitment to fostering sustainable development.

Rice exports are likely to hit a record high of nine million tonnes in 2024, given a total volume of nearly 8.5 million tonnes shipped abroad in the first 11 months, according to insiders.

The Hà Nội Stock Exchange successfully organised 17 Government bond auctions in November, raising VNĐ20.76 trillion (US$817.6 million) for the State Treasury.

With the rapid growth of the e-commerce market, tax revenue from this sector reached about VNĐ108 trillion (US$4.25 billion) in the first 11 months of 2024.

Total registered foreign direct investment (FDI) into Việt Nam, including new and additional investments, and capital contributions via share purchases, reached US$31.4 billion in the first 11 months of 2024.

Việt Nam has attracted US$529 million in venture capital from investors into the country's young start-up ecosystem in 2024, despite challenges in the market.

For the first 11 months of 2024, Việt Nam had over 147,200 newly established businesses, with registered capital of over VNĐ1.45 quadrillion ($57.2 billion).

Việt Nam's exports are expected to grow by 18 per cent this year, marking the highest rate since 2021, according to UOB Bank.

Việt Nam’s real estate prices over the past five years rose by 59 per cent, higher than the rate in many developed countries such as the US (54 per cent), Australia (49 per cent), Japan (41 per cent) and Singapore (37 per cent).

Foreign investors continued to increase their net selling activities in November, with total net sales exceeding VNĐ11.8 trillion. ETFs accounted for approximately 11.3 per cent of this total net selling value. 

Credit institutions have encountered many difficulties in the process of performing banking operations after three key laws took effect in August 2024.

Over 100 innovative Vietnamese businesses and industry experts have gathered at a consulting seminar in HCM City to explore opportunities for growth in North America.

The nation's capital is set to see significant growth in affordable housing, with plans to complete 19 social housing projects by the end of 2025, delivering approximately 15,540 units.

Market breadth was overwhelmingly positive, with 267 stocks advancing compared to just 57 declining. Liquidity on the southern bourse surged to VNĐ21 trillion (over US$827.6 million), marking a significant 51 per cent increase from the previous session.

An agreement to develop two centres dedicated to artificial intelligence (AI) studies was signed between the Vietnamese Government and the American technology company NVIDIA.

Leading experts discussed sustainable transportation solutions and the role of science in improving air quality in large cities at a symposium on December 5.

Spanning an area of 9,305 square metres, UDIC EcoTower accounts for approximately 23 per cent of the residential land in the Hạ Đình Urban Area. With a construction density of 40 per cent, the project will provide 440 apartments, housing around 1,230 residents.