Việt Nam News

Ambassador Đặng Hoàng Giang, Việt Nam's Permanent Representative to the United Nations (UN), highly appreciated the impressive presence of Vietnamese textile and garment products at the New York Textile and Garment Exhibition on July 16 (New York time).

The Ministry of Industry and Trade and the Ministry of Finance on July 18 announced the second consecutive reduction in domestic fuel prices this month.

Deputy Prime Minister Trần Lưu Quang on July 17 requested the acceleration of the implementation of a project to develop one million hectares of specialised rice cultivation with high quality and low emissions associated with green growth in the Mekong Delta region from now to 2030.

The pepper prices on July 18 in some key pepper producers of Việt Nam continue to be under downward pressure for the third consecutive day, with the domestic pepper price standing around VNĐ148,000 per kilo.

The 2024 Land Law, to take effect from August 1, is hoped to bring about investment waves in relevant sectors such as real estate, requiring stakeholders to make good preparations, experts stated at a conference in HCM City on July 17.

To protect the legitimate rights and interests of Vietnamese enterprises, the TRAV has recommended that local businesses fully comply with the regulations set by the Certificate Regime and closely coordinate with the TRAV to receive timely support.

The Clean Energy Production Complex will consist of three components: a 1,440 MW pumped-storage hydropower plant with six units; a 3,500 MWp solar power project; and a 350 MW Battery Energy Storage System (BESS).

According to the Ministry of Industry and Trade, Việt Nam has over 1,167 supermarkets, 254 shopping centres and many systems of modern convenience stores in large cities, such as Big C & Go System, Co.op mart and Mega Market. 

Representatives from business associations and businesses talk about the requirements for quick adaptation of firms, as well as supply chains, in the face of global economic fluctuations.

With a large number of 298 petrol distributors, if the distributors are allowed to buy from each other, controlling the origin, quality and quantity of petroleum will be very difficult for the State management agencies.

The Asian Development Bank (ADB) keeps the growth outlook for Việt Nam in 2024 and 2025 unchanged at 6 per cent and 6.2 per cent respectively, on the back of a strong first-half performance.

Market profit growth is expected around 10 per cent this year, with valuations at reasonable levels.

According to analysts from Saigon-Hanoi Securities (SHS), in the short term, market liquidity is improving but remains below average as investors await second-quarter business results.

Over 300 leading brands from both Việt Nam and abroad, including China, Germany, France, the US, Japan, and the Republic of Korea, are showcasing their products and services at nearly 500 booths.

The Ministry of Finance (MoF), in the latest submission to the Government, has proposed a plan to consider not reducing registration fees for domestically produced and assembled cars.

Prime Minister Phạm Minh Chính has stressed the need to implement specific tasks in order to untangle knots in e-commerce development, according to the Government Office. 

About 60 per cent of businesses surveyed said their top motivator to expand overseas is to grow revenue.

The two sides pledged to create favourable conditions for Korean firms to implement the UDPP for which the LH has signed cooperation agreements with Vietnamese localities.