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PVI on track to hit VNĐ20 trillion in revenue in 2024, cementing market leadership

Vietnam News Economy - Fri, 12/13/2024 - 17:54
PVI, the leading player in Việt Nam’s non-life insurance market, is on track to reach a total revenue of VNĐ20 trillion (US$787.4 million) by the end of 2024, with ambitious plans to become a billion-dollar company on the stock market.

Korean investor opens aerospace factory in Đà Nẵng

Vietnam News Economy - Fri, 12/13/2024 - 17:53
The KP Aerospace Việt Nam company from the Republic of Korea officially opened its factory at Đà Nẵng Hi-Tech Park after 10 months of construction, marking the second aerospace industry project in the city.

Vietnam Post launches e-commerce platform for agricultural products

Vietnam News Economy - Fri, 12/13/2024 - 17:29
The platform, nongsan.buudien.vn is the first dedicated to high-quality agricultural products in Việt Nam.

VN-Index expected to grow in 2025

Vietnam News Economy - Fri, 12/13/2024 - 15:18
Mirae Asset Securities maintains an optimistic view of the VN-Index for December, citing robust demand and liquidity, with potential to exceed the 1,300-point threshold. Looking ahead to 2025, key factors driving growth include strong manufacturing performance bolstered by reliable electricity supplies, Việt Nam’s strategic position in attracting foreign investment and a recovering domestic consumption market.

Electricity stocks poised for growth following latest law revision

Vietnam News Economy - Fri, 12/13/2024 - 10:44
One of the major highlights of the amended Electricity Law is the emphasis on market-driven pricing mechanisms for electricity sales, with state regulation to ensure fair competition.

B2C e-commerce market in bloom

Vietnam News Economy - Fri, 12/13/2024 - 10:26
It has been projected by 2025, the country’s e-commerce market will surpass US$25 billion, according to a report from the Ministry of Industry and Trade (MoIT).

Garment industry urged to gain self-sufficiency in raw materials for UK expansion

Vietnam News Economy - Fri, 12/13/2024 - 09:28
Việt Nam’s garment and textile industry needs to develop a closed-loop supply chain with a focus on obtaining self – sufficiency in raw materials in order to meet the rules of origin under the UK – Việt Nam Free Trade Agreement (UKVFTA) for expanding exports to this market.

VN to regulate digital assets with digital law

Vietnam News Economy - Fri, 12/13/2024 - 09:13
"When digital assets are officially defined and regulated, it will contribute to protecting user rights, minimising risks, promoting the digital economy, attracting investment and enhancing innovation," said the Vice Chairman of the Việt Nam Blockchain Association (VBA).

Banks face difficulties in balancing capital raising and lending

Vietnam News Economy - Fri, 12/13/2024 - 08:25
Banks use charter capital to cover shortages as lending exceeds capital raising, but experts warn this gap risks higher interest rates and banking system instability.

Việt Nam, China ink protocol on railway transport cooperation

Vietnam News Economy - Thu, 12/12/2024 - 22:03
Director General of the Việt Nam Railway Authority Trần Thiện Cảnh said the annual conference is held on a rotation basis between the two countries to negotiate, resolve issues, and reach agreement on annual amendments and supplements to the Việt Nam-China railway protocol.

133 enterprises honoured with National Quality Awards 2021-2023

Vietnam News Economy - Thu, 12/12/2024 - 20:30
The ceremony for the National Quality Awards and the Global Performance Excellence Awards for 2021-2023 will take place on December 18 at the Military Theatre in Hà Nội.

PM orders swift resolution of challenges for renewable energy projects

Vietnam News Economy - Thu, 12/12/2024 - 20:14
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 growth prospects remain resilient amid global challenges: forum

Vietnam News Economy - Thu, 12/12/2024 - 19:34
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.

1,200 apartments in two projects in Hà Nội open for purchase by foreign nationals

Vietnam News Economy - Thu, 12/12/2024 - 18:33
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 declines for the third consecutive session

Vietnam News Economy - Thu, 12/12/2024 - 16:27
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.

Traditional craft village products, regional specialties showcased at HCM City expo

Vietnam News Economy - Thu, 12/12/2024 - 15:56
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.

Cà Mau strives to become a renewable energy export hub

Vietnam News Economy - Thu, 12/12/2024 - 15:48
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 to double in size

Vietnam News Economy - Thu, 12/12/2024 - 14:48
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.

NA Standing Committee gives nod to the foundation of an investment support fund

Vietnam News Economy - Thu, 12/12/2024 - 14:43
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.

Đà Nẵng to establish 58 hectare industrial cluster

Vietnam News Economy - Thu, 12/12/2024 - 13:41
The industrial cluster is located in Hòa Liên Commune, Hòa Vang District, Đà Nẵng, spanning over 58.53 hectares.

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