Việt Nam News

The Construction Development Investment Joint Stock Corporation (DIC) has recently announced the suspension of the issuance of 200 million shares to the public, at a price of VNĐ15,000 per share.

An official legal framework for Mobile Money is expected to be issued early to promote cashless payment in rural and remote areas when the official pilot implementation ends on Tuesday.

The market concluded 2024 with the VN-Index standing at 1,266.78 points, marking an impressive growth of approximately 13 per cent, placing Việt Nam among the countries with the highest stock market growth rates of the year.

In what would be an historic milestone, HCM City will become the first locality in the country to reach over VNĐ500 trillion ($19.6 billion) in budget revenue.

Minister of Industry and Trade Nguyễn Hồng Diên talked to the Vietnam News Agency (VNA) about 2024 - a year the economy faced a mix of challenges, but also saw the country making the most out of Free Trade Agreements (FTAs), especially the new-generation ones, to find opportunities.

Geely Auto Group and Tasco Joint Stock Company intend to begin building an automobile manufacturing and assembly facility in the Tiền Hải Economic Zone, Thái Bình Province, during the first half of 2025, with the goal of launching their first vehicles by early 2026.

In 2024, Việt Nam continued to be a bright spot in terms of growth, developing at a rapid rate compared to many other countries in the region and the world. Its GDP growth in 2024 was estimated at about 7 per cent, while its overall economy reached about US$470 billion.

In November, revenues reached over VNĐ10.9 trillion, down by about 6 per cent compared to the previous month.

The stock market closed 2024 on a downbeat note, with the VN-Index edging closer to the 1,265-point mark, liquidity remaining subdued, and foreign investors returning to net selling.

The Trade Remedies Authority of Việt Nam recommends businesses involved in the production of the goods carefully review the investigation notice and comply with Indian authorities.

In 2023, Việt Nam’s hardware and electronics exports reached $113.3 billion, a sharp 15.1 per cent decline from $133.6 billion in 2022. However, 2024 has witnessed a robust rebound, with export revenue surging by nearly 16.8 per cent.

State budget collection had exceeded VNĐ1.99 quadrillion (US$78 billion) as of December 27.

The credit growth target for the banking system in 2025 has been set higher than in 2024.

Circular 68, non-prefunding regulation and record foreign net selling make it into the top ten stock market events of 2024.

Việt Nam is solidifying its global economic position, a testament to the efforts of the Government, the business community and recognition from international organisations.

Market research company Nielsen IQ Việt Nam showed that Vietnamese shoppers spent around 13 hours a week watching livestreams.

With 31 years of history, Techcombank has been a key enabler of Việt Nam’s economic growth and as sustainability becomes increasingly vital, the bank is embedding ESG into its core business strategy to ensure continued success and environmental protection.

Exports of HRC steel in November continued to be gloomy, so the steel companies must pivot back the domestic market to increase consumption.