Việt Nam News

These policies are outlined in Decree 90/2023/ND-CP, which regulates the collection rate, collection, payment, exemption, management and use of road user fees.

The decline in domestic automobile consumption and its drop to fifth place in Southeast Asia can be attributed to both external and internal factors, according to industry insiders.

The bank said lower interest rates, which have been expected to prevail throughout this year, will likely result in a speedy recovery for the market.

In addition to simplifying issuance regulations, experts also said that a comprehensive solution is needed to remove legal barriers and develop investor bases.

The increase in the number of electric vehicles from 138 units in 2019 to over 28,000 electric vehicles and 3,557 hybrid vehicles in September 2023 is a clear indication of the growing interest in these vehicles among consumers.

The price framework for basic economy class passenger transportation services will be amended.

According to Forbes, the current five Vietnamese billionaires are Vingroup Chairman Phạm Nhật Vượng, VietJet Air Chairwoman Nguyễn Thị Phương Thảo, Hòa Phát Chairman Trần Đình Long, Thaco Chairman Trần Bá Dương and Techcombank Chairman Hồ Hùng Anh.

Currently, Việt Nam has around 6,000 engineers working in the semiconductor industry for both domestic and foreign enterprises.

Prime Minister Phạm Minh Chính has urged agencies to develop a ‘comprehensive plan’ to tackle the financial challenges faced by lossmaking national flag carrier Vietnam Airlines.

The Ministry of Trade and Industry issued directives asking stakeholders to put in place a market stabilisation programme, focusing on ensuring the supply of essential food items at stable prices during the Lunar New Year (Tet) festival, which lasted from February 8-14.

With nearly 20 years of experience in the field of copper tube manufacturing, the company's products have been exported to 20 countries around the world, and has been certified in Japan, the US and Australia.

Export activities bustled on the first workday after the Lunar New Year (Tet) holiday on February 15 with many batches of goods departing for foreign markets such as the US, the EU and Australia.

Foreign investors, however, continue to withdraw capital from the market as they net sold a total of VNĐ433.54 billion on the two exchanges.

VinFast signed the Letters of Intent with its first five dealers in Indonesia . The dealers are the BAM, GNA and GSU with headquarters in Jakarta, the MCA based in Medan and Majesty in Batam, who will sell VF 5, VF e34, VF6 and VF7 models right after they are launched in the Indonesia market.

All ten bond lots will have an annual interest rate of 8 per cent.

The State Bank of Vietnam has issued a directive urging credit institutions to accelerate credit growth from the early months of 2024, a pivotal step toward propelling economic growth.

Money sent from Asian countries made up 50.5 per cent of the total overseas remittances to HCM City last year, Việt Nam’s largest economic hub, a massive 143.8 per cent spike year-on-year, according to the State Bank of Vietnam (SBV)’s branch in the city.

Under the amended Law on Credit Institutions, effective from July 1, 2024, commercial banks in Việt Nam are required to reduce the ownership ratios of organisations, shareholders, and related parties.