Vietnam News Economy

With investments in renewable energy projects totalling more than VNĐ308 trillion (US$13 billion), delays in putting projects into operation waste immense social resources

Việt Nam’s economy is expected to exceed 7 per cent growth this year and continue rising next year, despite uncertainties from a potential second Trump presidency and global economic challenges, experts said.

Hà Nội authorities have granted approval for more than 1,200 apartments in two prominent residential projects, Lumi Hà Nội and Heritage West Lake, to be sold to foreign buyers.

Market breadth remained negative, with 182 stocks falling, 117 gaining, and 62 remaining unchanged. Liquidity dropped slightly, reaching VNĐ13.5 trillion (US$530.8 million), down 11.7 per cent compared to the previous session.

An exhibition titled "Quintessence of Craft Villages and Regional Specialties 2024" opened in HCM City on 12 December, showcasing products from traditional craft villages, regional specialties and items developed under the One Commune, One Product programme from various parts of the country.

The province encourages the unlimited development of renewable energy sources for export, provided energy security and economic efficiency are maintained. By 2031, Cà Mau aims to export 2,000 MW of renewable energy, increasing to 3,000 MW by 2035 and 5,000 MW by 2040.

HortEx Vietnam 2025 is set to take place from March 12 to 14 next year at the Saigon Exhibition and Convention Centre (SECC) in HCM City.

It is necessary to issue a decree on the foundation, management and use of the investment support fund to attract strategic investors and multinational corporations to Việt Nam, the National Assembly Standing Committee agreed at a meeting on Wednesday afternoon.

The industrial cluster is located in Hòa Liên Commune, Hòa Vang District, Đà Nẵng, spanning over 58.53 hectares.

Standard Chartered has released its latest macroeconomic updates for Việt Nam, forecasting the US dollar will strengthen in 2025 but weaken early in the year. The bank expects strong GDP growth of 6.7 per cent in 2025, with growth easing from 7.5 per cent year-on-year in the first half of the year to 6.1 per cent in the second half.

The recovery of major markets such as the US and EU will be an important driving force for exports, especially in electronics, consumer goods and textiles, the MoIT said.

After eight years, the National Assembly has approved restarting the Ninh Thuận Nuclear Power Project to ensure energy security. Vietnam News Agency reporter speaks to Trần Quốc Nam, chairman of the Ninh Thuận Provincial People's Committee, about this issue.

The directive emphasises the adoption of electronic invoicing and robust monitoring systems to create a fair, transparent and consumer-friendly business environment.

Market breadth was negative, with 183 stocks declining, 120 advancing, and 62 remaining unchanged. Liquidity saw a modest uptick, reaching VNĐ15.3 trillion (US$602.9 million), up 6.2 per cent from the previous session.

In the first 11 months of 2024, Việt Nam welcomed more than 15.8 million international visitors, up 41% over the same period last year. Visitors by continent included: Asia (12.61 million), Europe (1.78 million), and America (0.91 million), among others.

Coffee prices have increased by over 50% on average this year, enabling the export revenue to potentially surpass $5 billion for the first time.

According to the scholar, Việt Nam has a strong and resilient economy which has never experienced any major financial crises. It has emerged as a key location for large industries and multinational corporations.

It is critical to advance the partnership of women-led firms with providers of green technology and green finance programmes to enhance women’s economic empowerment, a conference held on Wednesday in Hà Nội.

A wide and diverse range of products from modern baking machines and high-quality ingredients to finished baked goods are on display at the Việt Nam International Bakery Show (VIBS 2024) that opened in HCM City on Wednesday.

SIB Connect emphasised the importance of sustained collaboration among government agencies, private enterprises and international organisations.