Vietnam News Economy

Dual transition is an inevitable trend that the Vietnamese business community needs to grasp in the coming years, participants heard at the annual Sustainable Development Conference held by the Đầu tư (Vietnam Investment Review) Newspaper on November 12.

HCM City has huge potential due to its strategic location to develop transshipment ports for oversized and heavy cargo from around the world, a conference has heard in HCM City.

Through its member fund VIAC Limited Partnership, the Oman National Investment Committee has become a major shareholder, controlling 9.3 per cent of the shares of Văn Phú - Invest.

By the end of October, the province saw 490 FDI projects operating, with a total registered capital of over US$33.3 billion.

Visitors will have the opportunity to explore the agricultural culture of Hà Nội and purchase high-quality products with traceable origins.

PVI Insurance leaders recently participated in the 20th International Reinsurance Conference (SIRC), held from November 5 to 8 at the Sands Expo and Convention Centre, Marina Bay Sands, Singapore.

VinFast has announced the delivery of over 11,000 electric vehicles (EVs) to customers in October 2024, bringing the cumulative total to more than 51,000 vehicles.

The province has attracted 601 foreign-direct investment (FDI) projects valued at US$12.3 billion to date.

This transaction aligns with KIDO's pattern of acquiring companies with strong brand value and growth potential.

A project that makes a range of nutritious cassava-based baked goods by Mai Tuấn Anh of HCM City won the first prize of VNĐ60 million (US$2,373) at the final round of the Green Startup and Sustainable Development Projects/Ideas Competition 2024 in group A (for projects under one year).

The project is expected to be 1,541km long, with a design speed of 350km per hour. The construction is due to start in 2027 and completed by 2035.

10-year bonds makes up the largest share at 78 per cent (equivalent to approximately VNĐ24 trillion).

The city will also organise a conference to connect 50-70 leading industrial product manufacturers with local universities and vocational training institutions.

Under the draft circular, the SBV proposes that credit institutions are reorganised in the form of converting non-bank credit institutions.

Revenue from personal income tax and registration fees associated with real estate transactions in HCM City has surged by 50 per cent to reach over VNĐ6.54 trillion (US$257.6 million) in the first nine months, according to data from tax authorities.

Economic expert Vũ Vinh Phú attributed the positive trade turnover to the important role of the Ministry of Industry and Trade.

State President Lương Cường met with prominent business executives from the Promotion Society Fabril (SOFOFA) in Santiago de Chile on Monday, as part of his official visit to Chile starting last Saturday.

As of October 2024, Việt Nam has signed and implemented 17 Free Trade Agreements (FTAs) and is negotiating two more.

IAV’s statistics showed that life insurance premiums of new contracts totalled VNĐ5.934 trillion in the third quarter of this year, slightly higher than the total premium worth VNĐ5.874 trillion in the same period last year.

Governor Hồng said the establishment of a gold exchange has positive aspects such as transparency and more favourable conditions for buying and selling needs of people and businesses, however, it requires investment in infrastructure.