Việt Nam News

Measures implemented by the State Bank of Vietnam (SBV) to fight off the dollarisation of the economy, highlighted by the 0% interest rate for deposits made in US dollars, have produced positive effects in stabilising the exchange market, increasing foreign reserves, remittance flows and foreign investments, said economists.

The total trade turnover in July exceeded US$70 billion for the first time, of which exports reached a record of over $36 billion, marking the month with the highest export value ever.

Starting August 1, 2024, three key laws - the 2024 Land Law, the amended Housing Law, and the amended Real Estate Business Law came into effect. These laws are expected to significantly boost the land, housing, and real estate markets by improving legal frameworks, removing obstacles, and better allocating resources for economic growth.

According to the Hà Nội Department of Agriculture and Rural Development, the city has 159 safe agricultural and food product chains

HCM City’s food and foodstuff sector is doing well in terms of exports, but has to heed the green production trend, experts have said.

Việt Nam is grappling with challenges in accelerating public spending as a result of the ongoing anti-corruption campaign, which has led to indecision and delays, experts warned.

The VN-Index may face profit-taking pressure in the early trading sessions next week before attempting to reclaim the resistance level of 1,250 points, while the VN30-Index may require a correction before testing the 1,290-point zone, according to the Head of Analysis at Sài Gòn-Hà Nội Securities (SHS).

Saigon Beer-Alcohol-Beverage Corporation (SABECO) and its all four entries have received awards for their taste and quality as voted by the experts at the 2024 World Beer Awards.

There remains ample room for Việt Nam and China to cooperate in trade and investment, according to Chinese experts.

The project has a scale of more than 45.7 hectares, with a total investment of more than VNĐ12.4 trillion (US$511.25 million).

The Mekong Delta province of Trà Vinh has announced a list of 46 projects calling for investment in many fields.

The Generative AI Summit 2024, themed 'Uncharted Frontiers,' will take place on August 18, 2024, at the Sheraton Grand Hotel in Ho Chi Minh City. This is the first time the conference has been held in Vietnam.

NbS leverage ecosystems and natural processes to address social, economic, and environmental challenges. These solutions protect and restore nature while fostering economic and social well-being within communities.

More flexible policies will help create incentives to attract investors and unlock the potential for expanding the social housing sector in Việt Nam.

Businesses in HCM City have received support to access favourable loans to bolster production and operation activities, a top official said.

The Ministry of Transport plans to disburse a sum worth VNĐ75.824 trillion (US$3.03 billion) or 98.5 per cent of the allocated public investment this year, according to the ministry’s Department of Planning and Investment.

Hưng Yên Province People’s Committee has joined with Central Retail Việt Nam to organise a promotion week for Lồng longan and local farm produces at 22 supermarkets of the retailer.

In the first seven months of 2024, foreign investment channeled into new and existing projects increased sharply compared to the same period last year, by 35.6 per cent to US$10.8 billion and 19.4 per cent to nearly $5 billion, respectively.