Việt Nam News

To establish a safe, healthy, efficient and sustainable gold market, the State Bank of Việt Nam has been tasked with proactively devising scenarios and plans to effectively respond to fluctuations in global and domestic gold prices.

Securities companies are not finished testing phase, while the system still need to get approval from the authorities even when everything is ready.

The legislature sets the goals that the national GDP would grow 6-6.5 per cent in the year, and GDP per capita would stand at between US$4,700 and $4,730. The processing and manufacturing industry is also projected to account for 24.1 per cent - 24.2 per cent of the GDP.

As the race of attracting capital is becoming fiercer among nations, Việt Nam Institute for Economic and Policy Research’s Vice President Nguyễn Quốc Việt spoke with Việt Nam News Reporter Mai Linh on new competitive advantages for Việt Nam to remain an attractive destination for the quality and high technology capital inflow.

Deposit interest rates have set a new record low.

Foreign investment inflows into Việt Nam this year also saw a significant increase of 32 per cent to nearly $36.62 billion.

Exports of surimi (fish paste) and fishmeal could reach US$1 billion a year in the near future, according to the Việt Nam Association of Seafood Exporters and Producers (VASEP).

VN's draft Hydrogen Production Strategy by 2030, with a vision towards 2050, aims is to strive for hydrogen production capacity from renewable energy processes, producing green hydrogen and other processes with carbon capture reaching 100 - 500 thousand tonnes by 2030 and targeting around 10 - 20 million tonnes by 2050.

Bình Định Province has granted approval and investment licences to 22 projects worth over VNĐ12.7 trillion (US$529.1 million) this year.

Shares declined on the two national exchanges on Wednesday as large-cap stocks were hit by profit-taking after the market advanced for two consecutive sessions.

Việt Nam may record a year-on-year increase of 11 per cent in the rice export volume in 2023 to over eight million tonnes.

FTAs with new markets such as Israel and the UAE will create more opportunities to promote trade and investment, especially exports, of Việt Nam in 2024

The combination of decreased interest rates and the perception of gold as a safe investment increased demand for gold jewellery, and overall market uncertainty further contributed to the rising domestic gold price.

The three-circuit 500-kW transmission line from Quảng Trạch in the central province of Quảng Bình to Phố Nối in the northern province of Hưng Yên, must be complete and put into full operation in June 2024 to transmit electricity to the northern region.

Việt Nam is a major exporter of agricultural products, the majority of its agricultural production occurs on a small scale and is dispersed, posing challenges in bulk procurement of farm produce.

As access to credit is not easy or has reached its limit, while bonds have not performed well either, businesses have to shift towards raising capital in the stock market.

Vietnamese markets experienced further gains on Tuesday, propelled by the resurgence of blue-chip stocks.

The latest Economic Insight report for Southeast Asia, commissioned by the Institute of Chartered Accountants in England and Wales and Oxford Economics, forecasted that Việt Nam's economy to grow by 4.7 per cent in 2023.