Vietnam News Economy

The Nanning branch of China Railway Group Limited reported a sharp increase in freight transport on the China-Việt Nam cross-border railway last year, with trains departing from Guangxi carrying a total of 19,670 containers, marking a staggering annual increase of 1,153 per cent.

Deputy Prime Minister Hồ Đức Phớc on January 10 asked the Republic of Korea (RoK)’s Charmvit Group to continue serving as a bridge to bring more Korean investors to Việt Nam in the coming time.

The People's Committee of the southern province of Đồng Nai, in collaboration with Việt Phát Group JSC, on January 10 began work on an office leasing and commercial centre in Hiệp Hòa Ward, Biên Hòa City, with a total investment of over VNĐ6 trillion (US$236.4 million), making it one of the largest commercial centre projects in Việt Nam.

Despite having 377 automobile enterprises, with nearly half being foreign direct investment (FDI) firms, the country relies heavily on imports, sourcing about 80 per cent of its production components, according to local experts.

For decades, SOEs have been seen as the backbone of the nation’s industrial development. However, private enterprises, often viewed as the agile engines of innovation, are now stepping in as equal partners.

The website said the banking sector, in particular, becomes a cornerstone of this economic resurgence, driving consumer credit growth and facilitating expansive economic opportunities.

Market breadth was decidedly negative, with 250 declining stocks, compared to 68 advancing. Trading value on the southern bourse increased significantly to approximately VNĐ11.2 trillion (US$440.1 million), a 49.3 per cent rise from the previous session.

The General Statistics Office will take the prime responsibility for summarising information from these indicators.

Bình Phước plans to develop 21 industrial clusters spanning 583 hectares between 2025 and 2030.

Cooperation between the two countries is being expanded in several fields.

Đà Nẵng International Airport hosted 13.4 million passengers, of which 6.2 million were international arrivals and delivered 32,400 tonnes of cargo, earning total revenues of VNĐ1.6 trillion (US$64 million) in 2024.

In 2025, the government plans to intensify efforts to exceed fiscal and budgetary targets by increasing revenues and reducing expenditures, focusing on investment in critical infrastructure projects, said Deputy Prime Minister Hồ Đức Phớc

Kiên Giang provincial government aims to make a breakthrough in economic development this year by focusing on removing difficulties and bottlenecks.

The forecasts were presented by experts at the scientific conference titled 'Market and Price Developments in Việt Nam in 2024 and Forecasts for 2025' organised by the Institute of Economics and Finance and the Price Management Department on January 9 in Hà Nội.

Despite their active participation, a large portion of these investors found themselves chasing stocks at their peak rather than succeeding in the market.

As January 2025 marks the Lunar New Year for the Vietnamese community, local manufacturers are intensifying their promotional strategies to attract customers and boost sales before the end of the year

The Vietnamese market in 2024 demonstrated resilience and innovation, driven by domestic brands like VinFast, supportive policies and international market expansions.

Trading liquidity plunged to approximately VNĐ7.5 trillion (US$295 million), marking a 26.5 per cent decrease compared to the previous session. This was the lowest level recorded since March 2023.

As part of the Government's plan, the province is being allowed to build four bauxite mining and processing factories, expected to cost less than $1 billion each

"We expect positive momentum from domestic drivers such as production, consumer spending and visitor arrivals to contribute to the activities, especially in the first half," the bank said in its latest report.