Việt Nam News

Foreign investment inflows into Việt Nam in the reviewed period also saw a modest increase of 4.5 per cent to nearly $9.27 billion.

In Q1, Vietjet’s air transport revenue was recorded at VNĐ17.76 trillion (US$701 million) while after-tax profit at VNĐ520 billion ($20.5 million), increasing by 38 per cent and 209 per cent year-on-year respectively.

The Phenikaa Semiconductor Training Centre will conduct research and training activities in IC design, semiconductors, technology transfer, international cooperation, resource mobilisation, and collaboration and cooperation with domestic and foreign partners to promote research and training activities on semiconductor chip design.

Back to 1975, Việt Nam, torn by two major wars, was a backward economy dependent on agriculture and foreign assistance. Foreign loans and aid accounted for over 63 per cent of its budget.

The consumer price index (CPI) in April inched up 0.07 per cent from the previous month and 4.4 per cent year on year, mainly fueled by a petroleum price hike, the General Statistics Office (GSO) said on April 29.

In order to cater to the shopping demands during the April 30 and May 1 holidays, supermarkets in Hà Nội have introduced a variety of promotions and discounts. Some supermarkets have even extended their operating hours until 11pm.

Lotte Mall West Lake Hà Nội, invested by the Republic of Korea (RoK)’s Lotte Group, welcomed 6 million visitors from its inauguration in September, 2023 to late March, the RoK’s Dong-a Ilbo newspaper reported.

Tax administration data shows that revenue from e-commerce business activities amounted to VNĐ3.1 quadrillion (US$130.57 billion) in 2022, with taxes paid totalling VNĐ83 trillion.

Local rubber tire producer, Đà Nẵng Rubber joint-stock Corporation and  Oceanside One Trading company from Brazil have inked an agreement on rubber tire distribution contract in Brazil and the US market, promising an increase in export turn-over from US$70 million to US$150 million per year.

The Asian Development Bank (ADB) committed US$23.6 billion from its own resources in 2023, including $9.8 billion for climate action, to help Asia and the Pacific progress on sustainable development.

Completing these social housing projects will solve many problems, including the imbalance among housing segments

Ninh Thuận Province wants to develop green hydrogen production and work with investors to facilitate renewable energy development.

A recent report on plastic wastes from e-commerce by Việt Nam E-Commerce Association pointed out that e-commerce is growing rapidly with an average annual growth rate of more than 25 per cent, resulting in an increase in the use of plastic packaging which are negatively affecting the environment.

According to the Trade Promotion Agency, the Central Highlands region, embracing five provinces of Kon Tum, Gia Lai, Đắk Lắk, Đắk Nông and Lâm Đồng, is an important strategic area in the Laos - Việt Nam - Cambodia development triangle area.

The Hồ Chí Minh City Development Joint Stock Commercial Bank (HDBank, stock code: HDB) has announced an ambitious pre-tax profit target of VNĐ15.85 trillion (US$634.13 million) for 2024, a 21.8 per cent increase from the previous year, at its annual general meeting on Friday.

Shareholders also approved the 2024 profit distribution plan, in which dividends and advanced dividends will be paid in cash and stock at a maximum ratio of 25 per cent.

Statistics reveal that there are over 5,720 OCOP entities with 978 products achieving 4-star, with 62 per cent benefiting from IP protection.

Việt Nam exported a total of 414,317 tonnes of rubber, earning over US$607 million in the first quarter of 2024, according to the General Department of Customs.