Việt Nam News

Việt Nam's footwear and leather industry is poised to achieve US$26-27 billion in export in 2024, marking a $3 billion increase from the previous year, as they country has well capitalised on the signed free trade agreements to bolster shipment, according to the Vietnam Leather, Footwear and Handbag Association (Lefaso).

PNJ reported net revenue of VNĐ35.2 trillion (US$1.38 billion) and after-tax profit of nearly VNĐ1.9 trillion ($74.6 million) for the first 11 months of 2024, year-on-year increases of 19.4 per cent and 8.3 per cent.

The Data Centre project is set for an investment of US$200 million and occupy the entire land area of the TRLC Factory Zone project.

Significant economic policies will come into effect on Wednesday, aiming to strengthen management and ensure transparency and compliance with the law.

Starting from July 1, 2025, the 12-digit personal identification number issued by the Ministry of Public Security will officially replace tax identification numbers for all purposes.

A total of 120 foreign suppliers have registered, declared and paid taxes worth more than VNĐ8.68 trillion (US$341 million) through the General Department of Taxation (GDT)’s e-portal this year, up by 26 per cent year-on-year and 74 per cent compared to the annual target.

Textile, garment, leather, and footwear industries have developed strongly and are increasingly important in the country’s economic growth.

This goal follows the positive trade performance in 2024, which saw a continued trade surplus exceeding US$20 billion.

Vietnam Airlines is set to achieve a record pre-tax profit of VNĐ7.32 trillion (US$287.7 million) in 2024, ending four years of losses.

One of the country's biggest banks expects results to be the best for four years.

After two consecutive weeks of declines, Việt Nam's stock market rebounded, driven by strong performance in banking stocks and improved liquidity.

Mainland China and Hong Kong (China) remained the largest export markets for Vietnamese catfish.

With an annual growth rate forecast to remain steady at 5-6 per cent per year, Việt Nam will receive around 150 million foreign visitors by 2035 and 200 million by 2040, 1.9 times and 2.5 times higher than in 2019, respectively.

Director of the Ministry of Agriculture and Rural Development’s Department of Economic Cooperation and Rural Development, said new regulations and lower costs could encourage more farmers to take out insurance.

BSR started trading on UPCoM on March 1, 2018, with a charter capital of VNĐ31 trillion (US$1.2 billion), of which the parent company, Việt Nam Oil and Gas Group, holds 92.13 per cent of the shares.

Shopee dethroned Samsung, which held the number one spot for three consecutive years, marking a turning point in Việt Nam's e-commerce landscape. 

Some provisions of the Law on Economical and Efficient Use of Energy have become outdated since the law first came into effect in 2011.

The offering is expected to raise VNĐ1.78 trillion, which will be invested in subsidiaries, including Tasco Auto, Tasco Insurance  and VETC JSC.