Việt Nam News

Sustainable development poses a big challenge for footwear businesses.

Leaders from foreign-invested companies shared their insights with Việt Nam News reporters, discussing their expectations for Việt Nam's economic growth in 2024 and outlining their key focuses for the year ahead.

Statistics of e-commerce data platform Metric showed that Vietnamese spent VNĐ41.5 billion (US$1.7 million) to buy 245,000 áo dài on four e-commerce platforms including Shopee, Lazada, Tiki and Sendo in December, two months before Tết, a rise of 6 per cent against the same period last year.

Prime Minister Phạm Minh Chính has recently issued a dispatch aimed at enhancing logistics connectivity to drive the consumption and export of agricultural, forestry and aquatic products, considering it one of the key tasks in agriculture and rural development.  

Total export-import value in the first month of the year was estimated at $64.22 billion, a rise of 5.5 per cent month-on-month.

Prodexpo, an annual trade fair for the food industry held every February, saw the participation of more than 2,100 companies from 40 countries and territories.

The VN30 Index, which tracks the performance of the 30 largest stocks by market capitalisation and liquidity on HoSE, rose 1.13 per cent to end at 1,212.70 points.

On HoSE, foreign investors net bought a value of VNĐ186 billion in January 2024, equivalent to 64.7 million shares.

Under the new Land Law 2024, the land price list will be published on an annual basis with the first list applied from January 2026.

The Government has issued a decree which provides special policy mechanisms for corporate and personal income tax exemption in HCM City.

Manufacturers are engaging in price competition, and dealers are proactively reducing prices on various motorcycle models, ranging from a few million to tens of millions of Vietnamese đồng, depending on the model.

Under the amended Law on Credit Institutions recently passed by the National Assembly, credit institutions do not have the right to repossess collateral.

The leading steel producer contributed the majority of the steel industry's profits in the final quarter of 2023.

Some immediate negative impacts included increased transportation costs, more critically, a shortage of empty containers, extended transit times, and adverse effects on the ability to fulfil import-export orders. In addition, the rise in transportation costs and oil prices will create a domino effect on the prices of other goods, leading to economic and geopolitical instability, and hindering the global economic recovery, Hải said.

To incentivize cashless payments, banks are offering customers prizes and bits of gold for making transactions of their apps

Việt Nam ranked seventh among the Latin American country's biggest trade partners last year.

The development of hi–tech parks is critical to promote the development and implementation of science and technology in the context of Industry 4.0.

The Quảng Ngãi Sugar Company announced that sales increased by 73 per cent in 2023, with revenues exceeding VNĐ4.04 trillion, more than doubling the company's 2022 figures.