Positive outlook for Việt Nam’s banking sector in 2025

Bank stocks will deliver a strong performance again this year, partly because sector-wide bank earnings growth is expected to accelerate from 14 per cent in 2024 to 17 per cent in 2025 driven by a shift in GDP growth drivers from external factors to domestic driven growth, according to investment management firm VinaCapital.

Remittances reach about $16 billion in 2024

Deputy Prime Minister and Minister of Foreign Affairs Bùi Thanh Sơn said this remittance level is equivalent to 2023, when remittances reached a record high post pandemic.

Blue chip stocks lead market recovery

Market breadth was decidedly positive, with 229 advancing stocks far outnumbering 85 decliners. Liquidity on the southern bourse improved to VNĐ10.4 trillion (over US$409.1 million), representing a 22.3 per cent increase compared to the previous session.

Digital technology plays a key role in socio-economic development

Secretary-General Tô Lâm said technology plays a key role in economic and social development and that digital transformation has become a matter of urgency to realise the Southeast Asian country’s vision to improve productivity, foster innovation and enhance living standards.

Quảng Ninh sets land clearance as priority for FDI attraction

The northern province of Quảng Ninh is on a mission to cement its status as one of Việt Nam's premier destinations for foreign direct investment (FDI), with a strategic focus on land clearance for industrial park infrastructure projects this year.

New passenger car factory to be built in Huế

Kim Long Motor Huế Joint Stock Company and Changan Automobile Group have announced a plan to build the Kim Long Trường An Việt Nam passenger car factory with a designed production capacity of 50,000 vehicles per year.

TPBank secures $120 million long-term loan from JICA

This initiative, co-financed by the US International Development Finance Corporation (DFC), aims to enhance financial inclusion through digital banking in Việt Nam, with a total loan value of US$120 million.

Businesses must embrace new trends to boost exports to US: experts

Trade cooperation between Việt Nam and the US presents both vast opportunities and significant challenges, as the latter enters a new phase with major adjustments to its economic and foreign policies, which are expected to have a wide-reaching impact on global trade and investment activities.

HCM City remittances up at record $9.6b in 2024

Following 2023, remittances to HCM City rose to a record again of US$9.6 billion last year, the State Bank of Việt Nam has said. They were up $140 million from 2023 and accounted for more than half of the country’s total remittances.

Vietnamese Business Association in UK sets 2025 agenda

The Vietnamese Business Association in the UK (VBUK) has announced plans to reshape the landscape of Vietnam-UK trade relations, focusing on driving business community forward, fostering its unity and strengthening connections with their Vietnamese partners both at home and abroad.

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