Economy - Vietnam News | Politics, Business, Economy, Society, Life, Sports

Banks cut rates following SBV’s call

Việt Nam tech giant FPT rides high profit

Việt Nam tech giant, FPT has achieved impressive financial results in 2024, reporting a revenue of nearly VNĐ63 trillion, marking a 19.4% increase year-on-year.

Bà Rịa-Vũng Tàu to develop international port worth nearly $230 million

The project aims to construct the Mỹ Xuân International General Port, capable of accommodating ships with a capacity of up to 60,000 DWT.

Việt Nam’s export to Philippines tops $6 billion for first time

Việt Nam’s trade with the Philippines has reached an impressive milestone, with turnover exceeding US$8.6 billion in 2024, up 11 per cent year-on-year, according to the Ministry of Industry and Trade’s Agency of Foreign Trade.

Market ends Year of the Dragon on a high note

Market breadth was positive, with 178 gainers outweighing 141 decliners. Liquidity remained subdued, falling 7.5 per cent from the previous session to approximately VNĐ12.2 trillion (US$486.5 million), with a trading volume of 536 million shares.

Online “fake news” articles defaming businesses and individuals and scamming readers

In recent weeks, Facebook and other social media channels have been awash with posts claiming that top executives from businesses in Việt Nam, including Vingroup, FPT, and VinaCapital, have been “caught on tape” supposedly saying scandalous things.

Vietnamese spend big on áo dài for Tết celebration

756,600 áo dài were sold on Shopee and TikTok Shop between December 20, 2024, and January 19, 2025, worth a total of VNĐ189.6 billion (US$7,420).

AI could help Việt Nam improve productivity, speed up development

Asus surveys have shown the majority of users, once familiar with AI, can improve their productivity significantly.

Banks selling mortgaged assets to recover bad debts

Many banks are rushing to sell mortgaged assets to recover bad debts, as these types of debts are forecast to increase slightly this year.

Market's margin debt hit new record-high

This surge in margin debt reflects a dynamic shift in the market's financial landscape.

Convenience stores struggle to make profit

The convenience store segment in Việt Nam's retail market is dominated by foreign chains and is barely profitable.

Việt Nam's digital tech sector boasts nearly 74,000 companies

The total revenue of Việt Nam's digital tech companies reached nearly US$158 billion in 2024, a 10.2 per cent year-on-year increase.

HCM City wholesale markets ready for Tết

HCM City’s agriculture wholesale markets have focused on ensuring adequate supply of goods such as meat, fruits and vegetables for the upcoming Tết holidays, but demand at these markets is not as high as usual.

Quảng Trị and Italian company to collaborate in carbon credit generation

Acting vice chair of the province Hà Sỹ Đồng expressed his hope that the collaboration will effectively contribute to Việt Nam’s and Italy’s international ecological environment commitments.

Specialty products from 49 provinces featured at HCM City fair for Tết consumers

More than 10,000 agricultural and other specialty products from 49 provinces and cities are being sold at the Tết Xanh-Quà Việt - Ất Tỵ Spring 2025 fair, which is being held at 135A Pasteur in HCM City’s District 3 until January 26.

Cần Thơ industrial zones attract nearly $314 million in investment in January

Currently, Cần Thơ’s export processing and industrial zones have attracted 257 investment projects with a total registered capital of $2.256 billion, of which $1.295 billion has been realised, accounting for 57 per cent of the total registered capital.

Strong market rally as VN-Index nears 1,260 points

Market breadth was decisively positive, with 233 advancing stocks significantly outnumbering 73 decliners. Liquidity on the southern bourse improved to VNĐ13.2 trillion (over US$524.8 million), marking a 10.1 per cent increase compared to the previous session.