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Seminar seeks to boost Việt Nam – US energy, industry, trade cooperation

Vietnam News Economy - Mon, 11/18/2024 - 14:32
A seminar in Washington has explored new avenues for strengthening energy, industry, and trade cooperation between Việt Nam and the US, with key contributions from overseas Vietnamese experts and entrepreneurs.

Switzerland provides US$3.3 million to promote Việt Nam's circular economy

Vietnam News Economy - Mon, 11/18/2024 - 13:54
The Ministry of Planning and Investment has received US$3.3 million in funding from the Swiss State Secretariat for Economic Affairs (SECO) to promote a circular economy and mitigate climate change impacts.

Exchange rate fluctuations bring huge profits to many banks

Vietnam News Economy - Mon, 11/18/2024 - 10:21
The total net profit from the foreign exchange trading segment of 29 banks in the first three quarters of 2024 reached more than VNĐ19.62 trillion.

Bird nest production in central province aims at sustainability

Vietnam News Economy - Mon, 11/18/2024 - 09:41
More efforts should be put into developing a sustainable model for Dak Lak's swallow nest industry said participants at a conference organised by the Province's Department of Agriculture and Rural Development.

PM attends Việt Nam-Brazil business forum ​in Rio de Janeiro

Vietnam News Economy - Mon, 11/18/2024 - 09:19
Brazil is currently Việt Nam's leading trading partner in Latin America. In recent years, two-way trade has grown rapidly to over US$7.1 billion in 2023 from $1.53 billion in 2011.

Industrial production increases strongly thanks to support policies

Vietnam News Economy - Mon, 11/18/2024 - 09:11
Thanks to the government's support and incentive policies, HCM City's industrial production index in the first 10 months of 2024 increased sharply compared to the same period a year earlier, according to the City's Department of Industry and Trade.

Doors open wider for rice exports to the UK

Vietnam News Economy - Mon, 11/18/2024 - 08:50
The UKVFTA took effect on May 1, 2021, with a preferential tariff quota granted to Việt Nam at a tax rate of zero per cent, enabling UK buyers to have more choices of rice varieties from Việt Nam.

Việt Nam needs to build a strategy for disaster risk financing and insurance

Vietnam News Economy - Mon, 11/18/2024 - 08:32
The country’s current financial capacity covers only about 21 per cent of the need for relief and recovery after natural disasters.

Should Việt Nam implement VAT on fertilisers?

Vietnam News Economy - Mon, 11/18/2024 - 08:24
A contentious debate has arisen over whether Việt Nam should impose a 5 per cent VAT on fertilisers to boost local production or retain the current tax exemption to support farmers.

Central bank issues new decisions on deposit interest rates

Vietnam News Economy - Mon, 11/18/2024 - 08:11
According to the SBV, Decision No. 2410/QĐ-NHNN and Decision No. 2410/QĐ-NHNN aim to ensure consistency on a legal basis with other issued circulars on deposit interest rates.

Market rocked by pressure from exchange rates and interest rates

Vietnam News Economy - Mon, 11/18/2024 - 07:55
Throughout the week, the market continued its downward trajectory amid unfavourable macroeconomic conditions. The VN-Index lost a significant support level and appeared to be heading towards deeper support zones. This volatility raised concerns among investors about the market's short-term prospects.

PM receives leaders of major enterprises in Brazil

Vietnam News Economy - Mon, 11/18/2024 - 07:39
Prime Minister Phạm Minh Chính had talks with executives of Brazil's aerospace company Embraer, meat producer JBS, Oceanside One Trading, and smart card solution supplier Alterosa.

Winners of the 10th PropertyGuru Vietnam Property Awards announced

Vietnam News Economy - Sat, 11/16/2024 - 16:38
To mark the 10th edition of the awards in Việt Nam, the programme this year conferred the Developers of the Decade awards for the first time, honouring previous winners such as CapitaLand Development (Vietnam), Ecopark, Gamuda Land, Keppel Vietnam, Khang Điền House Trading and Investment JSC, ParkCity Group, Phú Long Real Estates Corporation, and SonKim Land Corporation.

Hà Nội to host 2024 e-commerce and digital economy forum on November 21

Vietnam News Economy - Sat, 11/16/2024 - 16:11
The event aims to address the practical needs of businesses in the industrial and trade sectors as they navigate digital transformation.

HCM City aims to become Southeast Asian logistics hub

Vietnam News Economy - Sat, 11/16/2024 - 15:40
HCM City is set to enhance its logistics sector to become a key logistics hub in Southeast Asia by 2030, leveraging global supply chain opportunities.

PM urges IMF to continue supporting Việt Nam's macroeconomic development

Vietnam News Economy - Sat, 11/16/2024 - 11:34
Prime Minister Phạm Minh Chính received a delegation of the International Monetary Fund (IMF)'s 2024 Article IV Mission to Việt Nam led by its head Paulo Medas in Hà Nội on November 15.

State leader addresses APEC Leaders’ Informal Dialogue with Guests

Vietnam News Economy - Sat, 11/16/2024 - 11:30
State President Lương Cường delivered a speech at the Asia-Pacific Economic Cooperation (APEC) Leaders' Informal Dialogue with Guests in Lima on November 15 (local time).

Amending the Law on Electricity to unlock resources for energy security and net zero emissions

Vietnam News Economy - Sat, 11/16/2024 - 09:38
The draft amendment to the Law on Electricity, which is on the agenda at the current session of the National Assembly, would be a bold step for Việt Nam towards ensuring national energy security and achieving net zero emissions by 2050.

The urgent need for further reforms

Vietnam News Economy - Sat, 11/16/2024 - 08:36
It took Dubai just exactly five years to build a 600-hectare city with 500 buildings worth US$20 billion, but with a maze of regulations like in Việt Nam, it might take 1,500 years, Minister of Planning and Investment Nguyễn Chí Dũng has said.

Project launched to advance energy transition in Việt Nam

Vietnam News Economy - Fri, 11/15/2024 - 21:35
The GE Vernova Foundation in collaboration with Asia Society for Social Improvement and Sustainable Transformation (ASSIST) and Electric Power University have announced a US$750,000 investment in the workforce supporting Việt Nam’s energy sector. 

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