Vietnam News Economy

The reduction is due to two mergers and termination of three departments.

The government has ordered inspections of commercial banks that have raised deposit interest rates and mandated strict penalties for non-compliance, all aimed at achieving an 8 percent growth target.

The establishment of a free trade zone in Đồng Nai is expected to boost trade, investment and create jobs, while contributing to developing an ASEAN logistics hub. 

The pharmaceutical industry is key and needs to focus resources on promoting development to keep pace with modern medical advances.

Party General Secretary Tô Lâm stated that efforts should be made to eliminate at least 30 per cent of business conditions, aiming to position Việt Nam among the top three investment environments in ASEAN.

These criteria assess the impact of foreign investment on economic development, considering factors such as capital, growth, operational performance, technology, tax contributions, spillover effects and links to domestic enterprises.

An economist said the approach helps ensure that businesses have access to affordable capital, which in turn supports job creation and economic recovery.

Việt Nam will ramp up efforts to meet the European Union’s (EU) stringent food safety regulations, ensuring that its agricultural products continue to thrive in one of global large markets.

Local fertiliser manufacturers are focusing on fulfilling export contracts that were signed prior to the Tết holidays.

By the end of 2024, the airline achieved a profit before tax of VNĐ7.7 trillion, marking the highest profit in the airline's history and more than double the pre-pandemic profits of 2018 and 2019.

Power Plan VIII must be adjusted said Deputy Prime Minister Bùi Thanh Sơn during an online conference on the project, adding that it has many shortcomings such as a lack of balance, especially in the northern region, along with a lack of inter-regional and inter-national transmission planning solutions.

By 2050, Phú Quốc International Airport is projected to handle 18 million passengers and 50,000 tonnes of cargo annually. The number of aircraft parking positions will increase to 45, while the runway layout established in the earlier phase will remain unchanged.

Ninh Thuận Province is urgently carrying its tasks to ensure the overall progress of a nuclear power project.

Market breadth remained positive, with 169 gainers outnumbering 145 decliners.

Financial institutions were directed to cut operational costs, streamline procedures, adopt technology, and restructure operations to enhance efficiency.

The Netherlands is currently Việt Nam's largest European investor and second-largest export market, according to Vietnamese Trade Counsellor to the Netherlands Võ Thị Ngọc Diệp.

Authorities of Bình Dương pledges to create favourable conditions for Japanese investors, affirmed Bùi Minh Thanh, Vice Chairman of the provincial People’s Committee on February 24.

After five years of implementation, the EU-Vietnam Free Trade Agreement (EVFTA) has delivered many positive outcomes, including a robust growth of Vietnamese exports to the EU, particularly in key sectors such as textiles, footwear, and agro-fishery products.

The International conference on Artificial Intelligence and Semiconductors 2025 (AISC 2025) will bring together global leaders to discuss breakthroughs in these fields, reinforcing Việt Nam's position in the global semiconductor and AI value chain.

The Central Coordination Office for New-style Rural Development reports that 48 of 79 five-star OCOP products (60.7 per cent) have entered high-standard markets like the US, Europe, and Japan.