Việt Nam News

A cloud of gloom hung over Việt Nam's stock market throughout the week.

Economic and trade cooperation remains a highlight in the multifaceted Việt Nam-UK relationship. Since 2021, bilateral trade has consistently grown year by year, reaching US$8.4 billion in 2024, a significant 18 per cent increase compared to 2023.

Customers of seven banks, including Vietinbank, BIDV, Vietcombank, Sacombank, TPBank, BVBank and Nam A Bank, can now scan LaoQR codes to make payments in Laos.

Though the city’s farmlands continue to disappear due to rapid urbanisation, productivity has increased over the years, reaching VNĐ619 million ($24,400) per hectare last year, up 0.7 per cent over 2023.

Land-related revenue in HCM City has surged nearly 50 per cent year-on-year, surpassing VNĐ25.3 trillion (nearly US$1 billion) in 2024, according to data from its Department of Natural Resources and Environment.

The Nanning branch of China Railway Group Limited reported a sharp increase in freight transport on the China-Việt Nam cross-border railway last year, with trains departing from Guangxi carrying a total of 19,670 containers, marking a staggering annual increase of 1,153 per cent.

Deputy Prime Minister Hồ Đức Phớc on January 10 asked the Republic of Korea (RoK)’s Charmvit Group to continue serving as a bridge to bring more Korean investors to Việt Nam in the coming time.

The People's Committee of the southern province of Đồng Nai, in collaboration with Việt Phát Group JSC, on January 10 began work on an office leasing and commercial centre in Hiệp Hòa Ward, Biên Hòa City, with a total investment of over VNĐ6 trillion (US$236.4 million), making it one of the largest commercial centre projects in Việt Nam.

Despite having 377 automobile enterprises, with nearly half being foreign direct investment (FDI) firms, the country relies heavily on imports, sourcing about 80 per cent of its production components, according to local experts.

For decades, SOEs have been seen as the backbone of the nation’s industrial development. However, private enterprises, often viewed as the agile engines of innovation, are now stepping in as equal partners.

The website said the banking sector, in particular, becomes a cornerstone of this economic resurgence, driving consumer credit growth and facilitating expansive economic opportunities.

Market breadth was decidedly negative, with 250 declining stocks, compared to 68 advancing. Trading value on the southern bourse increased significantly to approximately VNĐ11.2 trillion (US$440.1 million), a 49.3 per cent rise from the previous session.

The General Statistics Office will take the prime responsibility for summarising information from these indicators.

Bình Phước plans to develop 21 industrial clusters spanning 583 hectares between 2025 and 2030.

Cooperation between the two countries is being expanded in several fields.

Đà Nẵng International Airport hosted 13.4 million passengers, of which 6.2 million were international arrivals and delivered 32,400 tonnes of cargo, earning total revenues of VNĐ1.6 trillion (US$64 million) in 2024.

In 2025, the government plans to intensify efforts to exceed fiscal and budgetary targets by increasing revenues and reducing expenditures, focusing on investment in critical infrastructure projects, said Deputy Prime Minister Hồ Đức Phớc

Kiên Giang provincial government aims to make a breakthrough in economic development this year by focusing on removing difficulties and bottlenecks.