Vietnam News Economy

The produce, totalling 21.6 tonnes and 110,000 Chinese yuan (about US$15,000), hailed from the Mekong Delta province of Bến Tre.

The Ministry of Finance is developing an amended Law on Special Consumption Tax which intends to impose tax of 10 per cent on drinks with sugar content over 5g per 100ml.

Amending tax policies related to the real estate market will be among solutions to prevent speculation and swing trading in an effort to stabilise land and housing prices, the Ministry of Construction said at a press conference on Thurday.

Việt Nam is 99th out of the 165 countries in the Economic Freedom of the World ranking by Canada’s Fraser Institute, up four places from last year.

VIB said in a statement that this represents a significant breakthrough in its strategic roadmap to lead the market in delivering personalised customer experiences. This allows clients to showcase their distinctive style and personal brand through customised credit card designs.

Germany international broadcaster Deutsche Welle (DW) recently ran an article on its website spotlighting several factors driving Việt Nam’s economic growth.

Vietjet's first two flights using sustainable aviation fuel (SAF) have been refueled in Việt Nam and departed from Tân Sơn Nhất International Airport in HCM City.

On Thursday, the State bank revealed that the Vietnam Construction Bank (CB) will be absorbed by the Commercial Bank for Foreign Trade of Vietnam (Vietcombank), while the OceanBank will merge with the Military Commercial Bank (MB).

The mini car market in Việt Nam is poised for significant evolution, driven by changing consumer preferences, emerging trends and favourable macroeconomic conditions, according to car experts.

The amendments underway to the law on electricity are expected to remove the bottlenecks and create a favourable environment for the development of gas-fired and offshore wind power projects, experts said at a conference on Wednesday.

Việt Nam's automotive market has seen significant growth in recent years, thanks to government initiatives aimed at encouraging domestic production.

Vietcombank holds 78.79 million Eximbank's shares (EIB), representing a 4.51 per cent ownership share of Eximbank's charter capital.

Major retail chains have been taking advantage of strong goods consumption, reorganising their stores and taking advantage of online retail platforms to increase revenue.

Honda continues to maintain its dominant position in the market with sales of 554,805 motorbikes in the third quarter of this year, equivalent to an 80.8 per cent market share.

On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index rose by 7.04 points or 0.55 per cent, to close at 1,286.52 points.

Banks and credit institutions should implement safe and effective credit growth solutions to enable spending and boost consumption.

The US remains the largest export market for Vietnamese goods.

Việt Nam needs to take more drastic action to accelerate energy transition and engage with the global energy chain, moving towards carbon neutrality, a conference held by Diễn Đàn Doanh Nghiệp (Business Forum) magazine heard on Thursday.

Bank credit has significantly contributed to agricultural and rural development in HCM City, Nguyễn Đức Lệnh, deputy director of the State Bank of Vietnam’s HCM City office, told a conference on October 17.