Vietnam News Economy

The National Assembly on Wednesday morning discussed a draft law that amends the Law on Planning, the Law on Investment, the Law on Investment under Public-Private Partnership (PPP), and the Law on Bidding.

The divergent trajectories sent shock waves through the market.

HCM City authorities have updated land prices to over VNĐ687 million (US$27,000) per square metre in central districts and VNĐ2.3 million on the outskirts, up four to 38 times compared to previous rates.

Associate Professor, Dr Nguyễn Anh Thu, Vice Rector of the University of Economics - Vietnam National University, Hà Nội, spoke to Vietnam News Agency about opportunities and challenges of moving supply chains to Việt Nam.

Chinese items have become more and more popular in many traditional markets in HCM City. In some wholesale outlets such as Tân Bình and An Đông, it's not difficult for customers to find Chinese goods priced from tens of thousands to hundreds of thousands of đồng.

Việt Nam is set to export over 8.6 million tonnes of rice in 2024 while also ranking as the third-largest importer globally.

PM Phạm Minh Chính encouraged Saudi Arabian investment funds, with their capabilities, resources and influence, to consider engaging in key projects of Việt Nam, including building a petroleum storage and distribution centre for Southeast Asia and implementing renewable energy projects.

The two sides should sketch out a plan and roadmap for economic cooperation, with specific agreements in each area such as the ones on investment protection, free trade, investment attraction, as well as agricultural, aquacultural, and fishing development

The government has approved the expansion of the centralised information technology zone on the base of the already operational Đà Nẵng Software Park No 1 and the newly-built number two software park.

Organic farm produce from the Cơ Tu ethnic group in the central province’s Tr’hy commune has been introduced at the Mena Gourmet Market in HCM City, marking a positive move for the community-based sustainable agriculture production among ethnic community in Tây Giang district.

Vietnamese Prime Minister Phạm Minh Chính held meetings in Riyadh on October 30 with leaders of Saudi Arabia’s major enterprises to promote investment cooperation, on the occasion of his attendance at the 8th Future Investment Initiative (FII) Summit and his working visit to the Middle East country.

The Vietnam International Electronics and Smart Appliances Expo (IEAE) 2024 opened in Hà Nội on October 30 at Hanoi's International Exhibition Centre.

The company recorded positive results in the first nine months of 2024, in spite of risks and challenges in the world economy, increasing strategic competition, trade and technology protection among countries and high inflation and interest rates. 

A business agreement on developing of industrial parks and urban zones has been inked by local industrial property developer, the Sài Gòn Đà Nẵng joint-stock company and the Korea CEO Summit organisation, aimed at attracting more FDI to the central city.

The agreement was signed in Dubai during Prime Minister Phạm Minh Chính’s meeting with businesses from both countries.

The US Department of Commerce (DOC) has announced that it has received a request for an anti-dumping and countervailing duty investigation on hard empty capsules imported from Brazil, China, India and Việt Nam for the pharmaceutical industry. 

Vietnamese companies have secured 17 per cent of Indonesia's 500,000-tonne rice tender, winning three lots totalling 85,000 tonnes.

LG Electronics is expanding its research and development (R&D) capabilities in Việt Nam, now extending from software development to include home appliance solutions, covering lifestyle, kitchen, and air solutions, reported the Seoul Shinmun daily.

For over 13 years, the NESCAFÉ Plan has been a transformative initiative in Việt Nam, dedicated to fostering a regenerative food system, enhancing farmers' livelihoods and reducing greenhouse gas emissions.

Financial technology (fintech) companies could be a great source of capital for small and micro enterprises, but a complete legal framework is needed to sustainably develop the capital channel, experts said.