Economy - Vietnam News | Politics, Business, Economy, Society, Life, Sports

Gold buyers urged to prepare cashless payments under new rules

HCM City’s economy grows 7.33% in Q3

HCM City's economy grew 7.33 per cent in the third quarter of the year, mostly driven by advancements in the industrial and services sectors, according to the General Statistics Office.

Hà Nội and Sài Gòn Railway transport companies set to merge this year

The newly approved plan for managing and exploiting State-owned railway infrastructure is key to enhancing and boosting the performance of the Việt Nam Railway Corporation (VNR).

Nearly 13,000 smuggling and fraud cases uncovered in nine months

The General Department of Việt Nam Customs detected 12,949 cases of smuggling, trade fraud and illegal transportation of goods in the first nine months, with an estimated value of seized goods VNĐ23.7 trillion (US$ 955.8 million).

Market extends rally as foreign bloc boosts net buying

On the Hồ Chí Minh Stock Exchange (HoSE), the benchmark VN-Index rose by 4.51 points or 0.35 per cent, to close at 1,286.36 points, marking the third consecutive day of gains.

GDP growth accelerated to 7.4% in Q3: HSBC

Việt Nam recorded stronger-than-expected growth in the third quarter of 2024, with GDP rising 7.4 per cent year-on-year, according to a report from HSBC.

Vietnam Expo 2024 to be held in HCM City

The 22nd Vietnam International Trade Fair (VIETNAM EXPO 2024 HCMC) will be held in HCM City from December 5-7, 2024, under the theme “Solutions for the Modern Lifestyle.”

Deputy PM attends exhibition, trade event in China

Over one hundred Vietnamese businesses take part in the trade exhibition, with 200 booths showcasing quality goods and services that leverage Việt Nam’s strengths.

MoIT approves price framework to purchase electricity from Laos

The maximum price for hydroelectric power is set at 6.78 US cents/kWh, while the price for wind power is 6.4 US cents/kWh.

SABECO supports its employees and communities affected by Typhoon Yagi

The Saigon Beer-Alcohol-Beverage Corporation (SABECO) has announced that it handed over more than VNĐ7.9 billion (US$318,000) to support employees, their families and the communities who were severely affected by Typhoon Yagi.

Three 'Big Four' banks enter Top 5 largest companies on Việt Nam's stock market

Three banks from the 'Big Four' group — Vietcombank (VCB), BIDV (BID), and VietinBank (CTG) — have made it into the top five largest companies by market capitalisation on Việt Nam’s stock exchange.

Meeting seeks to improve cocoa quality in ASEAN region

The members of the ASEAN Cocoa Club (ACC) are working together to improve the quality of cocoa plants and reduce pesticide residue.

Đà Nẵng sets development objectives for fourth quarter

Plans to develop a free trade zone and a regional financial centre are among the key tasks for the city in the last months of the year.

WB, UOB raise Việt Nam’s GDP growth forecast

The International Monetary Fund (IMF) has also recently increased its projection for Việt Nam's growth this year.

Retail credit remains under great pressure

According to experts, retail banks have recently lost momentum from their core credit segment, as the proportion of their personal loans has decreased sharply.

Fifteen Vietnamese banks named in the global top 500 banking brands

Fifteen Vietnamese banks are named on the world’s top 500 banking brands, announced by the world's leading brand valuation consultancy Brand Finance.

VPBank signs $150 million loan agreement to fund clean energy projects

The loan is an effort by the bank to realise the national goal of achieving net-zero emissions by 2050.

HCM City boosts the development of supporting industries

HCM City has in recent years helped Vietnamese parts suppliers connect with manufacturing firms through programmes such as the Sourcing Fair of Supporting Industry with Buyers.

EVN incurred more than VNĐ21 trillion in losses on rising costs

Việt Nam Electricity incurred a loss of more than VNĐ21 trillion (US$845 million) in 2023 on rising electricity production costs, according to the results of an inspection announced by the Ministry of Industry and Trade on Thursday.

Amazon Global Selling to boost Việt Nam's cross-border e-commerce

At the event, the company also introduced Amelia, an artificial intelligence tool, to help Vietnamese sellers on Amazon grow their businesses.

Vietnamese stock market remains on FTSE Russell's upgrade watchlist

Global index provider FTSE Russell has published its October 2024 report, and Việt Nam remains on the watchlist for a potential upgrade to Secondary Emerging Market status.