Vietnam News Economy

According to the World Trade Organisation (WTO), Việt Nam has advanced significantly in import-export rankings and now stands second in ASEAN, trailing only Singapore.

Trung Nam Group, which focuses on renewable energy, incurred a loss of nearly VNĐ2.9 trillion (US$113.3 million) in 2023 from a profit of VNĐ252 billon in the previous year, according to the information made public by Hà Nội Stock Exchange on Tuesday.

Aeon Mall leader expressed his hope that in the coming time, the company will cooperate with the authorities and people of Cần Thơ to further develop the city while continuing to expand investment cooperation in other provinces and cities nationwide

The import of fruits and vegetables from several markets, particularly the US, to Việt Nam surged significantly in the first 10 months of 2024.

Việt Nam's seafood industry is riding a wave of success, with November exports reeling in an impressive US$924 million, a 17 per cent annual increase.

The top legislator encouraged businesses and localities of the two countries to seize opportunities to enhance exchanges and cooperation, leverage each other’s strengths, and continue advancing the Việt Nam-Japan economic relationship, maintaining its role as a highlight of bilateral ties and a driver for mutual development.

The Vietnam Business Association in Japan (VJBA) on December 3 held the 2024 Vietnam Business Day with the theme “Shared Vision, Shared Success".

A forum was held in the northern border province of Lạng Sơn on Tuesday to seek ways to enhance the agro-forestry-fisheries trade between Việt Nam and its neighbour China.

Drastic measures are needed to remove roadblocks and accelerate the disbursement of foreign-funded public investment in the remaining months of this year, as the disbursement rate remains far below the target of 95 per cent, according to the Ministry of Finance.

The first batch of pickled pearl onions produced in Yên Thủy District, Hòa Bình Province was exported to the UK on October 12, marking a significant milestone for the district's agricultural production.

Michael Kokalari, a chartered financial analyst and chief economist at VinaCapital, stated so in his recent report.

Based on responses from 1,200 Vietnamese consumers in HCM City and Hà Nội, researcher NIQ found that 70 per cent of consumers prioritise financial security, while 66 per cent focus on securing their future well-being.

On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index closed at 1,248.9 points, down by 2.31 points or 0.18 per cent.

Bình Dương province is projected to achieve a record trade surplus of $10 billion this year, reaffirming its role as a leading economic hub in southern Việt Nam.

The safeguard duty will be effective from December 23, 2024, to December 22, 2027, in the form of an absolute tax.

Việt Nam’s manufacturing sector continued to show improvement in November, with the Purchasing Managers’ Index (PMI) staying above the 50-point threshold for a second consecutive month of robust business activities.

AirAsia plans to strengthen Việt Nam's position as a key hub in the Indochina region by launching new routes to the popular destination.

Thảo Nguyễn, a key M&A expert at the Investment Promotion Connection Department of the Việt Nam M&A Community, and CEO of INMERGERS, shares insights and strategies for Vietnamese businesses looking to engage in M&A, focusing on timing, valuations, and due diligence challenges.

The aluminium alloy factory is expected to operate for 47 years, until September 30, 2071.

The National Payment Corporation of Việt Nam (NAPAS) will expand its cross-border QR payment services with countries including China, Japan and the Republic of Korea in 2025.