The achievement of the $10 billion export milestone in 2024 is attributed in part to efforts to open and strengthen connections with key markets such as the US and the EU.
In 2024, the Current Account Savings Account ratio in Việt Nam’s banking sector rebounded from its lowest point and stabilised at around 20 per cent.
Vinaphone has launched its official 5G service offering ultra-fast speed and unparalleled experience for both individual users and businesses alike.
Việt Nam’s tax sector has collected a record-high revenue of VNĐ1.7 quadrillion (US$66.7 billion) for the state budget in 2024, the General Department of Taxation reported at a conference on December 19.
The products span 10 key areas: radar systems, electro-optics, electronic warfare, military communication, simulation training, command and control, UAVs, aerospace technology, cyber operations and cybersecurity, along with other specialised categories.
Manulife Vietnam’s work environment is highly regarded by employees for its attractive benefits, clear career progression, and inclusive and fair atmosphere.
Việt Nam will be the standout among the top six ASEAN economies (ASEAN-6), growing at a faster pace relative to its peers during the next few years, according to the Oxford Economics, a global economic advisory firm.
Major players like Airbus and Boeing are expanding their presence in the country. They view it as vital in ensuring regional stability and fostering defence industrial collaboration, technology transfer, and workforce development.
An increasing number of Vietnamese enterprises are showing interest in Saudi Arabia, particularly in the sectors of Việt Nam's advantages and the Middle East country's needs, a diplomat has said.
The transition to electric vehicles (EVs) in Việt Nam represents a complex challenge that requires coordinated efforts across various sectors, according to a World Bank report.
Việt Nam's total import-export turnover reached US$745 billion as of December 14.
The reduction of import tariffs has intensified the pressure, prompting concerns over market share erosion for local manufacturers.
Many dealers are maintaining promotional programmes that include reductions of 50 to 100 per cent on registration fees to attract buyers during the peak shopping season.
Agriculture has always been a strength of Việt Nam with fruits, vegetables and processed products winning over consumers around the world. This has grown due to new generation free trade agreements such as the UKVFTA and EVFTA bolstering export activities. During the final months of the year, businesses have been focusing on fulfilling their year-end export orders, further highlighting the quality of Việt Nam's produce.
Agricultural products, such as rice, fruits and vegetables, are particularly well-positioned under UKVFTA.
The market is banking on the Fed cutting rates by 0.25 basis points at their meeting on December 17-18.
Strategic efforts in legal framework development, market supervision and technological modernisation played a key role in maintaining stability and investor confidence in 2024.
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