Vietnam News Economy

The General Department of Việt Nam Customs detected 12,949 cases of smuggling, trade fraud and illegal transportation of goods in the first nine months, with an estimated value of seized goods VNĐ23.7 trillion (US$ 955.8 million).

On the Hồ Chí Minh Stock Exchange (HoSE), the benchmark VN-Index rose by 4.51 points or 0.35 per cent, to close at 1,286.36 points, marking the third consecutive day of gains.

Over one hundred Vietnamese businesses take part in the trade exhibition, with 200 booths showcasing quality goods and services that leverage Việt Nam’s strengths.

The maximum price for hydroelectric power is set at 6.78 US cents/kWh, while the price for wind power is 6.4 US cents/kWh.

The Saigon Beer-Alcohol-Beverage Corporation (SABECO) has announced that it handed over more than VNĐ7.9 billion (US$318,000) to support employees, their families and the communities who were severely affected by Typhoon Yagi.

Three banks from the 'Big Four' group — Vietcombank (VCB), BIDV (BID), and VietinBank (CTG) — have made it into the top five largest companies by market capitalisation on Việt Nam’s stock exchange.

The members of the ASEAN Cocoa Club (ACC) are working together to improve the quality of cocoa plants and reduce pesticide residue.

Plans to develop a free trade zone and a regional financial centre are among the key tasks for the city in the last months of the year.

The International Monetary Fund (IMF) has also recently increased its projection for Việt Nam's growth this year.

According to experts, retail banks have recently lost momentum from their core credit segment, as the proportion of their personal loans has decreased sharply.

Fifteen Vietnamese banks are named on the world’s top 500 banking brands, announced by the world's leading brand valuation consultancy Brand Finance.

The loan is an effort by the bank to realise the national goal of achieving net-zero emissions by 2050.

HCM City has in recent years helped Vietnamese parts suppliers connect with manufacturing firms through programmes such as the Sourcing Fair of Supporting Industry with Buyers.

Việt Nam Electricity incurred a loss of more than VNĐ21 trillion (US$845 million) in 2023 on rising electricity production costs, according to the results of an inspection announced by the Ministry of Industry and Trade on Thursday.

At the event, the company also introduced Amelia, an artificial intelligence tool, to help Vietnamese sellers on Amazon grow their businesses.

Global index provider FTSE Russell has published its October 2024 report, and Việt Nam remains on the watchlist for a potential upgrade to Secondary Emerging Market status.

In the primary market, the average selling price of condominiums in Hà Nội reached VNĐ64 million per sq.m (excluding VAT and maintenance fees), only three per cent lower than the current average price in HCM City.

This venture aims to cater to exclusive events, top-tier conferences and discerning residents alike.

Hà Nội has ramped up investments in recent years to establish planting area codes for key crops like longans, grapefruits and bananas, paving the way for official agricultural exports and delivering significant economic benefits to local farmers.

Data from the Ministry of Finance showed that as of the end of September this year, ministries, government agencies and local areas had allocated VNĐ664.9 trillion (US$26.7 billion) for public investment.