Việt Nam News

The projections for the third phase of the Đại Hùng project are ambitious, foreseeing an oil recovery production of 22 million barrels and 21.4 billion cubic feet of gas, with an expected peak oil flow of approximately 9,000 barrels per day.

Leading distributors and retailers in Latin America will attend Vietnam International Sourcing in HCM City in June to look for large volumes of a diverse range of products, according to the Ministry of Industry and Trade.

China, South Korea, the US and Thailand are still the largest importers of Vietnamese fruits and vegetables.

The sharp increase in the dollar price has caused many domestic companies to face difficulties.

HCM City could issue bonds for overseas Vietnamese to buy to fund the city’s infrastructure projects, a conference on channeling remittance into infrastructure heard on April 23.

After experiencing downturns in 2023, Việt Nam's economy has been showing signs of recovery during the first quarter of 2024.

Recently, the pepper prices have skyrocketed. Experts said this price increase is related to the strong increase in coffee prices in the past months.

The VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) finished lower at 1,177.4 points, down 12.82 points, or 1.08 per cent. The index gained over 15 points in the previous session, thanks to rising risk appetite.

Remittances to HCM City reached US$9.46 billion in 2023, nearly three times higher than foreign direct investment (FDI),

The advantages and potential of Việt Nam’s northern border province of Lào Cai were introduced to Japanese firms at an investment and tourism promotion conference in Tokyo on April 23.

As of the end of March, Việt Nam exported 3,141 tonnes of chilli peppers, worth US$8.1 million, representing an increase of 17.6 per cent in volume and 52.8 per cent in value over the same period of 2023.

With the exchange rate at VNĐ25,356 buying a dollar, Masan will receive VNĐ6.228 billion in net cash from this investment which will significantly improve Masan’s balance sheet.

During discussions with ASEAN businesses, Vietnamese Prime Minister Phạm Minh Chính outlined three priority areas and proposed three breakthroughs for ASEAN to lead global digital transformation.

Việt Nam’s tech giant FPT plans to build a $200 million artificial intelligence (AI) factory using Nvidia's graphics chips and software, as announced on Tuesday, in a comprehensive strategic partnership with NVIDIA.

The two successful participants are Saigon Jewelry Company Limited (SJC) and Asia Commercial Joint Stock Bank (ACB).

The Việt Nam Association of Seafood Processors and Exporters said the UAE mainly exported frozen fillets from Việt Nam, accounting for around 93 per cent of the country’s tra fish export to this market.

Việt Nam is an attractive destination for foreign investors thanks to its high, stable growth, large domestic market and young, well-educated human resources, said Paulo Medas, head of the International Monetary Fund (IMF) team to Việt Nam at the Annual Meetings of the IMF and the World Bank Group (WB) held recently in the US.

Policies on unemployment and social insurance have also created challenges in the labour market with a rise in minimum wage which raises input costs, but product prices have not increased.