Vietnam News Economy

The company will also be conducting free health screenings for the community in various provinces and cities.

Bình Dương Province in southern Việt Nam plans to establish a 520-hectare industrial park in Bắc Tân Uyên District to attract investment and create jobs for local residents.

To meet the electricity demand with a growth rate of about ten per cent each year, the annual investment volume in power sources and grids must reach US$7.6 billion. That places a large financial burden on State-owned economic groups such as Việt Nam Electricity (EVN), Việt Nam Oil and Gas Group (PetroVietnam) and Việt Nam Industry Coal and Mineral Industries Group (Vinacomin).

Việt Nam’s fresh coconuts are being increasingly consumed in international markets such as the US, China and the UK, highlighting a bright spot in Việt Nam's fruit export sector with many opportunities for breakthroughs in the near future.

Ayudhya Public Bank Limited (Krungsri), a member of Japan's MUFG Group, has proposed to Saigon - Hanoi Commercial Joint Stock Bank (SHB) that it accelerate the acquisition of the remaining 50 per cent of SHBFinance’s charter capital.

Analyst’s Pick:

The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.

A brand is not simply a name, logo or slogan, but also the entire experience for customers interacting with a product or service, making the enterprises easily recognisable compared to other businesses in the same industry or field.

Việt Nam’s key exports have been on a strong path of recovery during the first ten months of the year, as businesses double down on improving production, seeking new partners and promoting Vietnamese products in the international market.

Hà Nội is currently in a critical phase of disbursing public investment, aiming to fully allocate funds to boost capital efficiency, speed up infrastructure development, and strengthen the city’s competitiveness.

A total of 115 foreign suppliers have registered and paid taxes through the electronic portal, contributing over VNĐ18 trillion (US$711.88 million) to the state budget, according to the Ministry of Finance’s General Department of Taxation (GDT).

VinFast and the Durango Drivers’ Union in Mexico signed a Memorandum of Understanding (MoU) to collaborate on the green transition of public transport, including the potential purchase of 3,000 VF 5 electric cars and 300 electric buses.

On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index closed the session at 1,244.71 points, down 10.18 points, or 0.81 per cent.

Foxconn's Shunsin Technology Việt Nam is seeking an environmental permit for a US$80 million chip manufacturing project in Bắc Giang province.

Leading US investment funds and over 30 businesses will visit HCM City to seek investment opportunities.

The Việt Nam Trade Office in Canada has taken part in the 2024 MIBIExpo, an international investment promotion exhibition, in Montreal, to enhance cooperation and connections between the two countries.

Việt Nam exported 800,000 tonnes of rice for US$505 million in October, bringing the ten-month total to 7.8 million tonnes worth $4.86 billion, up 10.2 per cent in volume and 23.4 per cent in value year-on-year.

The industrial sector's share of GDP could be over 40 per cent, with the manufacturing and processing industry alone accounting for around 30 per cent of GDP.

State Bank of Vietnam (SBV)’s Governor Nguyễn Thị Hồng said real estate loans by the end of September this year were VNĐ3.15 quadrillion, up 9.15 per cent compared to the end of last year.

The Civil Aviation Authority of Việt Nam (CAAV) has asked all officers and employees working in air transport to be alert to counterfeit and prohibited goods.