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Standard Chartered forecasts US dollar trends and highlights Việt Nam’s positive but cautious outlook in 2025

Vietnam News Economy - Thu, 12/12/2024 - 13:34
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.

MoIT sets export growth at 6% in 2025

Vietnam News Economy - Thu, 12/12/2024 - 08:39
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.

Ninh Thuận nuclear project seen as development driver

Vietnam News Economy - Thu, 12/12/2024 - 08:25
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.

PM issues directive on e-invoice implementation

Vietnam News Economy - Thu, 12/12/2024 - 07:43
The directive emphasises the adoption of electronic invoicing and robust monitoring systems to create a fair, transparent and consumer-friendly business environment.

Market continues slight correction as VN-Index slips below 1,270 points

Vietnam News Economy - Thu, 12/12/2024 - 04:55
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.

Foreign tourists to Việt Nam rose 41% in January-November

Vietnam News Economy - Wed, 12/11/2024 - 23:19
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.

Việt Nam’s coffee exports possibly surpass $5 billion for first time

Vietnam News Economy - Wed, 12/11/2024 - 23:13
Coffee prices have increased by over 50% on average this year, enabling the export revenue to potentially surpass $5 billion for the first time.

Indian scholar impressed with Việt Nam’s development achievements

Vietnam News Economy - Wed, 12/11/2024 - 21:48
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.

Conference promotes womens’ economic empowerment through partnership towards green growth

Vietnam News Economy - Wed, 12/11/2024 - 19:41
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.

HCM City hosts international bakery exhibition

Vietnam News Economy - Wed, 12/11/2024 - 19:29
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 2024 empowers social impact businesses for sustainable growth

Vietnam News Economy - Wed, 12/11/2024 - 18:25
SIB Connect emphasised the importance of sustained collaboration among government agencies, private enterprises and international organisations.

ADB raises growth forecast for Việt Nam to 6.6 per cent in 2025

Vietnam News Economy - Wed, 12/11/2024 - 17:24
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 first and most modern logistics park in Việt Nam is inaugurated

Vietnam News Economy - Wed, 12/11/2024 - 16:42
The project is designed to handle 1,500 vehicles daily, effectively doubling Lạng Sơn’s current border clearance capacity,

Food industry exhibition opens in HCM City

Vietnam News Economy - Wed, 12/11/2024 - 15:59
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 to spend US$1.7 billion on meat imports

Vietnam News Economy - Wed, 12/11/2024 - 15:50
Việt Nam's meat and byproducts imports are set to surge in 2024, with spending expected to reach about US$1.7 billion.

Banks allowed to extend debt repayment for Typhoon Yagi-affected customers to 2027

Vietnam News Economy - Wed, 12/11/2024 - 15:29
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 boosts trade cooperation with EU

Vietnam News Economy - Wed, 12/11/2024 - 15:24
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).

November auto sales surge driven by Government incentives

Vietnam News Economy - Wed, 12/11/2024 - 15:10
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.

Fairtrade certificate can bolster agricultural exports to UK

Vietnam News Economy - Wed, 12/11/2024 - 14:53
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.

M&A in Vietnamese non-life insurance sector develops strongly

Vietnam News Economy - Wed, 12/11/2024 - 10:34
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.

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