Vietnam News Economy

Market breadth was negative - 163 stocks declined, 138 advanced and 61 remained unchanged.

The projects have been cancelled for either showing no progress or having ceased to be relevant.

Vietnam Oil and Gas Group (PVN), Việt Nam Electricity (EVN), Vietnam National Petroleum Group (Petrolimex), Vietnam National Chemical Group (Vinachem), Vietnam Coal and Mineral Industries Group (TKV) and Vietnam National Tobacco Corporation (Vinataba) will be transferred back to MoIT control.

Due to growing demand, MB and F88 have formalised a partnership to enhance financial access across Việt Nam.

The area will incorporate accommodation, commercial and tourism services, along with green spaces.

Retail sales in HCM City reached VNĐ567.98 billion (US$22.36 million) in 2024, a year-on-year rise of 11 per cent, the municipal Department of Industry and Trade has reported.

The summit drew nearly 200 experts, banking leaders, and representatives from financial and technology organisations across ASEAN, alongside hundreds of staff from major industry enterprises.

Bắc Giang City aims to become a leading trade and services hub with the integration of Yên Dũng District from January 1, 2025, which is expected to boost its economic and urban development.

The proposal to streamline the listing process from a lengthy 90 days down to just 30 days has lighted a spark of optimism among investors, potentially serving as a catalyst for more businesses to take the leap into the public market.

Saigon Co.op has stockpiled more than 12,000 tonnes of essential goods traditionally consumed for the upcoming Lunar New Year (Tết) holiday in late January, or 30-50 per cent higher than normal.

E-commerce stands out as a promising channel to further enhance Việt Nam’s trade presence in this dynamic market.

Việt Nam’s business-to-consumer (B2C) e-commerce export value is estimated at VNĐ145.2 trillion (5.8 billion) by 2028, with micro, small and medium-sized enterprises (MSMEs) projected to contribute 25%.

Việt Nam’s gaming industry has taken a significant stride in 2024, with many important activities conducted by the Ministry of Information and Communications (MIC) in collaboration with game producers and distributors to guide the growth of the sector.

This year, the agriculture sector's production value is estimated to increase by over 3.2 per cent, while agricultural, forestry and fishery export value is expected to reach a historic high of $62.4 billion, up 18 per cent year on year.

Garments and textiles are a key export product of Việt Nam. The country has been increasingly active in producing rough materials, especially fibres from nature. An Phuoc – Viramie has been a pioneer in producing fibre from ramie for nearly ten years while Ecosoi started to produce fibre from pineapple leaves only a few years ago. With the development of such green fibre suppliers, Việt Nam’s garment and textile sector will thrive more sustainably.

The salt festival will also create a platform for exchanging experiences and knowledge in production, processing and trading salt products and OCOP (One Commune, One Product) products across provinces.

On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index edged up 1.22 points, or 0.1 per cent, to close at 1,263.79 points. Market breadth stayed negative, with 165 declining stocks outnumbering 132 gainers.

Việt Nam’s garment-textile export value is expected to reach US$44 billion in 2024, marking an 11.26 per cent increase from 2023, according to the Việt Nam Textile and Apparel Association (VITAS).

Việt Nam and India have witnessed thriving trade and economic cooperation over the recent past, with many highlights observed in 2024, according to Vietnamese Trade Counsellor in the South Asian country Bùi Trung Thướng.

Haohua's tyre factory, with an investment of US$500 million, has officially commenced its first phase of operations in Hớn Quản District, Bình Phước Province.