Việt Nam News

Rice exports set new records in both volume and value in 2024, but a difficult year ahead is on the cards for producers as India resumes export.

Trading liquidity fell sharply to approximately VNĐ11.6 trillion (US$455.3 million), marking a 30.9 per cent decrease compared to the previous session.

Besides building medium-sized exhibition centres each spreading over a few dozen hectares to meet immediate needs, HCM City must also build a large one spread over hundreds of hectares integrated with transportation and service infrastructure to match its imminent status as a super metropolis, according to experts.

Despite challenges in the global rice market, Việt Nam is still on track to hit a new record of over 8 million tonnes exported in 2024. Targeting high-q markets, the industry is focusing on quality over quantity.

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.