Việt Nam News

Hà Nội has made significant strides in attracting both domestic and foreign investment, and in developing cultural and social projects.

The Ministries of Industry and Trade and of Finance have decided to increase the retail prices of petrol products, effective from 3pm on August 15.

Phuc Sinh Corp, a coffee and pepper producer and exporter of Vietnam with over 14 years of commitment to sustainable development, will receive a 25-million-USD loan from SAIL Investments’ Netherlands-based & Green Fund, for developing a sustainable coffee value chain without deforestation.

Seventeen banks in HCM City disbursed VNĐ306.4 trillion (US$12.2 billion) to 97,318 customers in the first seven months of this year through the city’s bank - business connection programme, the State Bank of Vietnam has said.

The tax contributions from the trio Vingroup, Thaco and Hoà Phát Group alone make up more than a third of the total contributions on the list.

Meanwhile, foreign capital continued to flow into the domestic market as foreign investors net-bought on both main exchanges.

A promotion week for Chi Lăng custard apples and Lạng Sơn Province’s farm produce opened on Thursday morning in Hà Nội to support the consumption and market expansion for these agricultural products.

The Commission for Management of State Capital at Enterprises (CMSC), in collaboration with the Việt Nam Trade Office in Canada and the Export Development Canada (EDC), organised a seminar in Toronto on Wednesday to connect the two countries’ businesses and seek cooperation opportunities in energy, production, and finance.

According to the Department of Livestock, MARD, the total number of pigs nationwide is about 25.5 million, an increase of 2.9 per cent over the same period in 2023.

The Civil Aviation Authority of Việt Nam has asked carriers to increase flights to meet the travel demand for the National Day of September 2.

It is expected that in the first quarter of 2025, VSIP will sign land lease contracts with the customers and complete investment procedures.

Amid the robust digital transformation in Việt Nam, information technology and creative industries have emerged as sectors with significant growth potential.

The northern port city of Hải Phòng has been a foreign investment magnet, hosting 967 FDI projects underway worth US$30.65 billion.

Amid the surging demand for semiconductor engineers driven by the AI boom, many companies are turning to Việt Nam for its talent pool and competitive labour costs, positioning the Southeast Asian nation as a "magnet" for major players in the chip industry.

It is critical to improve the legal framework for e-commerce to remain a driver for the development of digital economy in Việt Nam, an online conference held by the Government’s e-portal has been told.

Hoà Bình Construction, one of the leading enterprises in the construction industry, has been on a downward trend since 2022, when the real estate market fell into a prolonged gloom. 

Việt Nam News speaks with Hamza Malik, Director of the Macroeconomic Policy and Financing for Development Division at ESCAP, about the implications of Việt Nam's rapidly aging population. He explores the potential impacts on labour productivity, consumer demand, the economy and the fiscal adjustments and opportunities in developing the silver economy.

Việt Nam Bank for Social Policies has announced that the lending rate for social housing purchases and home repairs is increasing from 4.8 per cent to 6.6 per cent per year, applied on both existing and new loans.