Vietnam News Economy

Total loans outstanding at banks in HCM City at the end of January were worth VNĐ 3.9 quadrillion (US$153.5 billion), up 0.04 per cent from the end of 2024 and 12.4 per cent year-on-year, according to the central bank.

Việt Nam’s rice export prices have declined, reaching their lowest level in three years.

By 2030, Việt Nam aims to produce 20 per cent of the raw materials needed for pharmaceutical production, meeting 50 per cent of the demand for functional food and cosmeceutical ingredients domestically.

Bắc Giang will focus on strategic and targeted foreign direct investment (FDI) attraction, prioritising green investment and high-tech industries.

Việt Nam considers science, technology and innovation as a critical factor for development to reach its goal of becoming a modern industrialised nation by 2030 and a developed, high-income country by 2045.

The programme offers loan terms of up to 30 years, with an attractive interest rate starting from 5.5 per cent per year and a fixed rate for the first five years.

The 18th International Exhibition on Automobile, Transportation and Supporting Industries - Vietnam AutoExpo 2025 - will take place from June 12 to 14 in Hà Nội.

Agricultural machinery exhibition AGRITECHNICA ASIA, which debuted in Thailand last year, will be held in in HCM City from March 12 to 14, showcasing innovations that could help Southeast Asian farmers increase productivity and resilience in a rapidly changing agricultural landscape.

The Lao Government and Chitchareune Construction Co Ltd on Wednesday signed an agreement to develop a 1,200 MW wind power plant in Nong District, Laos’ Savannakhet Province which aims to supply electricity to Việt Nam from late 2027.

Hà Nội is increasingly becoming an attractive destination for foreign workers, a trend that is set to accelerate as more opportunities for housing ownership open up.

According to data from nearly 1,100 listed companies, the net profits for Q4 2024 surged by 27.8 per cent year-on-year.

To meet the ambitious economic growth target of 8 per cent or more in 2025, experts emphasise the need to reduce business regulations and eliminate procedural barriers that hinder operations.

Việt Nam’s housing market is facing pressure with soaring prices, making HCM City and Hà Nội, the country’s two business and financial hubs, among Asia’s least affordable cities for homebuyers, according to a report by property consultancy CBRE.

Market breadth remained positive, with 161 gainers outnumbering 144 decliners.

Việt Nam is also putting in place new regulations to simplify investment procedures and processes that are more facilitative and allowing foreign enterprises to arrive in Việt Nam to do business. and engage in long-term production.

Following this dividend issuance, SHB’s charter capital will rise to VNĐ40.6 trillion, reinforcing its position as one of Việt Nam’s five largest private banks.

The PM encouraged JBS S.A to expand its operations in Việt Nam, particularly in livestock farming, meat processing, industrial crops, and coffee processing.

The MSC vessel’s arrival at Phước An marks the start of a new flow of goods in Đồng Nai Province.

"Việt Nam stands ready to maintain exchanges with the US in a constructive and cooperative manner, so as to continue to update each other with relevant information, enhance mutual understanding and address any outstanding issues," the foreign ministry spokeswoman said.