The market also experienced pressure from the withdrawal of foreign investors.
Statistics show that the industry spends nearly US$10 billion annually on imported parts, while export products remain weak and fragmented. The reliance on imported components has led to trade imbalances, low domestic added value and the failure to establish a domestic supply chain or build high-tech manufacturing capacity.
Duke Nam, Regional Vice President for South Korea, Việt Nam, and the Philippines at Marriott International, shared his insights into the potential of the Vietnamese market and explored how this prominent player in the hospitality sector manages its operations and human resources.
The EU-Việt Nam Free Trade Agreement offers Vietnamese enterprises the opportunity to expand their share in one of the world’s most lucrative but demanding markets.
The An Hòa Residential Area project was officially broken ground in Đạo Thạnh Ward, Đồng Tháp Province, on Thursday.
Việt Nam is accelerating its transition toward a digital and inclusive financial ecosystem, aiming to attract more foreign investment and align with international regulatory standards as it develops an international financial hub in HCM City.
The US$2.2 billion BOT project has a designed capacity of 1,200MW with two turbines, each generating 600MW.
European businesses operate nationwide, but are most concentrated in major cities and industrial hubs like HCM City, Đồng Nai, Hà Nội, Bắc Ninh and Quảng Ninh.
The database will cover all types of businesses in Việt Nam, including private companies, state-owned enterprises and foreign-invested businesses.
The move came right after the US Federal Reserve (Fed) announced its first interest rate cut of this year.
This is a landmark reform that promises to generate profound changes in India’s business landscape and will directly affect Vietnamese investors, producers and exporters in this market.
The two-way trade reached US$10.1 billion last year, while the figure in the first eight months of the year was nearly $8 billion, up 16.3 per cent year-on-year.
The market will take place at 489 Hoàng Quốc Việt Street in Hà Nội from September 18-21.
The event gathered policymakers, business leaders and technology experts to explore how AI is reshaping data centres, buildings and power grids.
Among the 37 economies in the lower middle-income group, Việt Nam held second place after India, which was ranked 38th.
Some large joint stock commercial banks, such as MB, VPBank and HDBank, are even likely to have outstanding growth rates of 25-30 per cent in 2025.
Foreign investors returned to be net sellers on the southern market after net selling nearly VNĐ123 billion on HoSE. However, they net bought VNĐ18 billion on HNX.
Lord Mayor King praised Việt Nam’s resolve, consistency and close coordination in pursuing the financial centre, stressing the City of London’s readiness to share expertise and collaborate, particularly through TheCityUK.
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