Vietnam News Economy

In its Asia Development Outlook report, the Asian Development Bank (ADB) raised the growth rate forecast of Việt Nam to 6.4 per cent in 2024 and 6.6 per cent in 2025.

The project is designed to handle 1,500 vehicles daily, effectively doubling Lạng Sơn’s current border clearance capacity,

The Business Matching and HCM City Products Week 2024 - Food and Beverages that opened in HCM City on December 11 offers businesses in the two sectors to introduce their products and brands to export partners, sourcing companies and local and international consumers.

Việt Nam's meat and byproducts imports are set to surge in 2024, with spending expected to reach about US$1.7 billion.

Commercial banks are allowed to extend debt repayment deadlines for Typhoon Yagi–affected borrowers until the end of 2027 at the latest, according to a circular recently issued by the State Bank of Việt Nam.

Indonesia's Ministry of Investment and Downstreaming plans to establish an European Union (EU) desk to enhance trade cooperation with the bloc, said Minister Rosan Roeslani, who is also head of the Investment Coordinating Board (BKPM).

The Việt Nam Automobile Manufacturers Association (VAMA) announced on December 10 that its member companies sold 44,200 vehicles in November, marking a month-on-month increase of 14 per cent.

The Fairtrade certification can help exporters of fruits and vegetables better utilise the United Kingdom – Việt Nam Free Trade Agreement, as many British consumers care for social responsibility.

According to the Ministry of Finance’s Vietnam Insurance Market Yearbook 2023, at the end of that year, Việt Nam had 82 insurance companies, of which 32 were non-life insurance companies.

As of December 6, 2024, insurance companies in Việt Nam have advanced approximately VNĐ598 billion (US$24.1 million) in compensation, representing 5.63 per cent of the estimated VNĐ10.62 trillion in damages caused by natural disasters, according to the Insurance Supervisory Authority, under the Ministry of Finance.

Deputy Prime Minister Hồ Đức Phớc on Tuesday worked with Việt Nam Expressway Corporation (VEC) on solutions to improve the highway developer’s financial capacity to implement expressway projects.

SBV’s deputy governor Đào Minh Tú says latest credit growth figures show that year end target is achievable.

Việt Nam and the United States are nearing the completion of negotiations on phytosanitary certification for fresh passion fruit, with the process anticipated to conclude by 2025. This achievement will enable the official export of Việt Nam’s passion fruit to the US market.

The global garment and textile industry is undergoing a significant shift as regulations aimed at sustainability reshape the sector.

On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index closed at 1,272.07 points, down by 1.77 points or 0.14 per cent.

The expiration on December 1 of the 50 per cent reduction in registration fees for domestically produced and assembled cars has raised concerns about a potential downturn in the market.

The collaboration will leverage a US$5 million grant from the Mastercard Impact Fund to support up to $1 billion of ADB financing to financial institutions for lending toward micro, small and medium enterprises (MSMEs).

Promoting a circular economy through initiatives such as sustainable packaging, water management, and energy efficiency helps businesses, particularly Saigon Beer - Alcohol - Beverage Corporation (SABECO), reduce emissions, enhance competitiveness, and foster a green supply chain.

Việt Nam’s overseas investment reached about US$598.69 million during the first 11 months of this year, up 51.6 per cent year-on-year.

The Ministry of Finance and the Việt Nam Chamber of Commerce and Industry on Tuesday held a dialogue on tax and customs policies with more than 500 companies, aiming to remove difficulties and create favourable conditions for business operations.