Vietnam News Economy

The market is banking on the Fed cutting rates by 0.25 basis points at their meeting on December 17-18.

Strategic efforts in legal framework development, market supervision and technological modernisation played a key role in maintaining stability and investor confidence in 2024.

The inventory will be conducted at 100,000 State units across the country.

Minister of Industry and Trade Nguyễn Hồng Diên appeals for mutual assistance on an official visit to Japan.

Deputy Minister of Planning and Investment Nguyễn Đức Tâm said that this region’s GRDP is expected to grow by 9.1 per cent.

A multi-dimensional assessment of a new growth cycle in the real estate market over the next 10 years is needed to promptly seize development opportunities, a panel discussion heard in HCM City on December 18.

Market breadth was overwhelmingly negative, with 244 stocks declining compared to just 71 advancing. Trading value on the southern bourse rose sharply to VNĐ17.8 trillion (approximately US$698.9 million), marking a 40.1 per cent increase from the previous session.

Vietnamese firms in the supporting industry have been manufacturing high quality components and parts not only for domestic businesses, but also companies around the world. With an abundance of young and skilled workers and favourable policies from the government, more and more local companies are able to satisfy strict requirements and export to demanding markets such as Japan and the US.

The General Department of Taxation on Thursday officially launched the e-portal for households and individuals running businesses to register, declare and pay tax.

A key change in Circular 24 is the provision that allows areas with available land to designate forest production areas, including those managed by state-owned enterprises, for replacement planting. 

The People’s Committee of Bình Định province on Wednesday signed a cooperation deal with the Japan – Việt Nam Friendship Association of Sakai city to boost investment and development ties with Japan.

Trường Hải International Logistics Limited Liability Company (THILOGI) is dedicated to delivering optimal logistics solutions that empower companies to thrive in competitive markets. 

To attract investments in offshore wind power, the ministry proposed an exemption of marine area use fees during construction and a 50 per cent reduction in fees for the 12 years after operations begin.

The companies were lauded for their efforts to be flexible, innovate, and adjust to the difficult circumstances from 2021 to 2023.

The statistical visualisation platform Seasia Stats recently ranked Việt Nam among the top 15 economies in Asia, with projected economic output reaching some US$506 billion in 2025.

Optimistic forecasts suggest economic growth could even reach 7 per cent, exceeding the Vietnamese Government’s expectations and outperforming the average growth rate in recent years.

Activities by the Việt Nam Trade Office in Thailand in 2024 have strengthened trade ties, helping Thailand remain Việt Nam’s largest ASEAN trading partner, said Trade Counsellor Lê Hữu Phúc.

The cashew industry had to spend more than $3 billion to import raw cashew nuts for processing export products in the first 11 months, in order to gain an export revenue of $3.98 billion.

Việt Nam now ranks third among countries, with the largest trade surplus with the US, after only China and Mexico. Strong export growth to the US is recorded through items such as wooden furniture, machinery, optical equipment, medical measurement, office machines, printers, hand tools and hydraulic pneumatics, footwear, rubber and rubber products besides plastics and plastic products, iron and steel.

Following Peru's ratification, the UK has secured the sixth and final ratification needed to trigger its accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). As the UK officially becomes the first non-founding economy to join the CPTPP, Việt Nam News reporter Thu Ngân spoke with British Consul General in HCM City Alexandra Smith about the UK's inclusion in the CPTPP and how this milestone will benefit the UK - Việt Nam bilateral trade relationship.