Vietnam News Economy

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.

Việt Nam’s real estate sector recorded the establishment of 4,241 new companies in the first 11 months of this year, marking a 2.6 per cent annual dip, reported the General Statistics Office (GSO).

Việt Nam's Minister of Construction Nguyễn Thanh Nghị and Cuba's Minister of Agriculture Ydael Jesus Perez Brito discussed strengthening collaboration in rice production at a meeting in Hà Nội on December 9.

Prime Minister Phạm Minh Chính has issued a directive to push ahead with the implementation of the national green growth strategy for 2021 - 2030 with a vision to 2050, a bold step to deliver on the carbon neutraility target.

Prime Minister Phạm Minh Chính on December 9 welcomed a delegation of leaders from 18 major Chinese enterprises of the Zhang and Yan clans led by Yan Jiehe, founder and Chairman of the China Pacific Construction Group and Susun Construction Group - both among the world’s top 500 companies, who are visiting Việt Nam to explore cooperation and investment opportunities.

Despite shifting market dynamics and stringent trade policies, Việt Nam’s position as a leading supplier of cashews to the UK remains strong.

A total of 2,166 businesses are required to report greenhouse gas emissions by March 2025 and develop plans to reduce emissions.

Experts emphasised the need to investigate investments and capital contributions linked to banking sector big bosses to curb cross-ownership and manipulation.

The explosive growth of e-commerce and logistics in Việt Nam is pushing up demand for warehouse real estate along with infrastructure investment.

The residential real estate sector holds 60 per cent of the total defaulted bond volume, reflecting substantial risks in this sector.