Vietnam News Economy

In a report released on March 3, S&P Global noted that the muted start to 2025 for the Vietnamese manufacturing sector continued into February, with weak demand leading to further reductions in new orders and production.

The Ministry of Industry and Trade (MoIT) on March 4 organised a conference to evaluate and discuss trade promotion activities conducted in February through Vietnamese trade offices abroad.

Despite the increase, market breadth remained negative, with 115 gainers compared to 199 decliners.

Regular engagement with businesses is essential for addressing challenges and creating a supportive environment for growth, said South Korean Ambassador to Việt Nam Choi Youngsam.

According to the General Statistics Office (GSO), Việt Nam secured US$38.23 billion in FDI last year, positioning itself among the top 15 developing countries for FDI inflows. Notably, the disbursement of FDI capital hit a record high of $25.35 billion, up 9.4 per cent from the previous year. The influx has contributed significantly to Việt Nam's position as a regional leader in economic growth.

The area will be part of a 20,000-hectare economic zone built by the southern coast of the city.

Australia’s East Asia Forum commended Vietnam as an economic development model, crediting the new leadership for pushing hi-tech innovation, mega infrastructure and institutional reforms.

The PetroVietnam Gas Joint Stock Corporation (PV GAS) will supply LNG power to the Nhơn Trạch 3 and 4 thermal power plants.

The total export value in the first two months of the year was $9.38 billion.

Organisations or individuals can only benefit from tax exemptions on purchases up to VNĐ96,000,000 per year.

The issue involves A-pillar retention clips, the components responsible for securing the trim that covers the vehicle’s roof supports along the windshield.

The event will feature more than 100 exhibitors, including those from countries with developed maritime industries.

The Ministry of Planning and Investment proposes that banks or credit institutions headquartered in international financial centres are not subject to foreign ownership restrictions or foreign investment conditions, when providing services in the centres or cross-border services

As Việt Nam is strongly attracting foreign investment, especially from large multinational corporations, the application of IFRS will streamline the corporations’ financial reporting processes, enabling seamless integration with their global operations.

The VSA proposed some recommendations to the Ministry of Industry and Trade to adjust the draft Power Planning Adjustment Project VIII related to biomass power.

According to the proposed amendments to the Law on Enterprises, employees who are scientists will be permitted to establish and oversee businesses dealing with researched scientific products.

After years of steady increases, townhouse owners in HCM City have recently started reducing rentals for their properties.

Concerted efforts are needed for the pepper industry to tackle challenges such as climate change, rising consumer demand and lower global production, speakers said.

Of the total investment, VNĐ107 billion came from the city's science and technology budget, VNĐ11 billion from central Government funding and VNĐ22 billion from other sources.

Priority will be given to projects that aim to improve the local marine economy by developing renewable energy, coastal tourism and marine services.