Vietnam News Economy

The stock market received a lot of positive macroeconomic news during the week, serving as an inspirational driver for strong capital inflows.

According to the International Energy Agency (IEA), the oil and gas sector's experience in executing offshore projects contributes significantly to sharing supply chains and technology. 

From QR codes on products to re-using water at factories, many rubber companies are applying green credentials in order to secure export orders and also cut costs.

The domestic gold market shone last week, with prices of gold rings continuously breaking records and even surpassing the buying price of SJC gold bars.

In the 2018-23 period, Việt Nam exported between 125,000 and 140,000 tonnes of tea each year, according to the Vietnam Tea Association. 

Drone pesticide application ensures equivalent or even higher efficacy when compared to the manual spraying method using a backpack sprayer, said Huỳnh Tấn Đạt, Director of the Plant Protection Department, Ministry of Agriculture and Rural Development (MARD).

On September 26, AEON Vietnam Co., Ltd. (AEON Vietnam) officially opened AEON Ta Quang Buu, its eighth General Merchandise Store in Vietnam.

The HCM City Tax Department has retroactively collected VNĐ36.7 billion, indicating that VNĐ127 billion cannot be refunded or offset. As of June 2020, the unresolved VAT amount has surged to VNĐ366 billion.

The fourth Việt Nam Card Day 2024 is set to take place in Hà Nội between October 5 and 6 with the theme Open Banking, aiming to reach students, families and young people aged 15 to 40, who require convenient digital payment solutions and online transaction options.

In the first half of September 2024, the trade turnover of key agricultural, forestry, and fishery products was estimated at $1.48 billion, with exports reaching $1.03 billion and imports totalling $448 million.

China's Deli Group commenced construction of its new stationery production facility at the Đại An Extended Industrial Park in Hải Dương Province on 28 September, with a total investment of US$270 million (VNĐ6.49 trillion).

The move is based on allegations that these products are avoiding anti-dumping taxes that South Africa has already imposed on similar goods from China.

State budget collection has so far reached 85 per cent of this year's estimate, Deputy Minister of Finance Nguyễn Đức Chi has reported.

The Khanh Hoa – Republic of Korea (RoK) investment promotion conference took place in Seoul on September 27, drawing over 150 Korean firms.

Việt Nam and Thailand have been implementing action plans as part of the enhanced strategic partnership between the two countries, with a target of boosting bilateral trade turnover to US$25 billion.

Chairman of the Board of Directors of the Vietnam Oil and Gas Group (Petrovietnam) Lê Mạnh Hùng has had a working session with leaders of Copenhagen Infrastructure Partners (CIP) - a global leader in renewable energy investments – within the framework of his recent visit to the US.

Two events held in Hà Nội have offered visitors insights into Malaysia’s EduTourism and MICE (Meetings, Incentives, Conferences, and Exhibitions) offerings.

After a year, the two countries’ economic relationship remains strong, forward-looking and positive, with numerous high-level reciprocal visits between delegations from Việt Nam and the US.

The Ministry of Industry and Trade believes that it is necessary to continue to promote early warning on trade remedy for Vietnamese export goods.

The Tân Cảng-Cái Mép International Terminal Co., Ltd (TCIT) in Bà Rịa-Vũng Tàu Province aims to become one of the leading deep-water container terminals in Southeast Asia.