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

PM approves programme to promote the development of supporting industry

Mining Vietnam 2024 officially opens in Hà Nội

Mining Vietnam 2024 officially starts today (April 24) at the National Exhibition Construction Center (NECC) in Hà Nội.

Vinacomin gears up for key Bauxite-Aluminum projects in Đắk Nông Province

Vinacomin announced it is mobilising all necessary resources to undertake two exploration projects and five bauxite-alumina-aluminum projects Đắk Nông Province.

Standard Chartered revised down Việt Nam’s 2024 GDP growth forecast to 6%

Standard Chartered Bank has lowered Việt Nam’s 2024 GDP growth forecast to 6 per cent from the previous 6.7 per cent due to lower-than-expected Q1 growth and global trade headwinds.

EVN seeks PM's solutions for solving challenges in PPA negotiations

A major challenge in PPA negotiations involves the requirement for fixed electricity consumption rates in long-term contracts.

SBV takes more actions to stabilise foreign exchange rate

The SBV’s move is considered an important operation in its exchange rate management.

Construction of Đại Hùng Phase 3 starts alongside safety milestone

The projections for the third phase of the Đại Hùng project are ambitious, foreseeing an oil recovery production of 22 million barrels and 21.4 billion cubic feet of gas, with an expected peak oil flow of approximately 9,000 barrels per day.

Latin American buyers come looking to Việt Nam for goods supply

Leading distributors and retailers in Latin America will attend Vietnam International Sourcing in HCM City in June to look for large volumes of a diverse range of products, according to the Ministry of Industry and Trade.

Fruit and vegetable export turnover hit $1.8 billion in 4 months

China, South Korea, the US and Thailand are still the largest importers of Vietnamese fruits and vegetables.

Businesses concerned about rising exchange rate pressure

The sharp increase in the dollar price has caused many domestic companies to face difficulties.

HCM City could issue bonds for overseas Vietnamese to fund infrastructure: conference

HCM City could issue bonds for overseas Vietnamese to buy to fund the city’s infrastructure projects, a conference on channeling remittance into infrastructure heard on April 23.

VN's economy forecast to grow by 5.5 per cent in 2024

After experiencing downturns in 2023, Việt Nam's economy has been showing signs of recovery during the first quarter of 2024.

Pepper prices continue increase trend

Recently, the pepper prices have skyrocketed. Experts said this price increase is related to the strong increase in coffee prices in the past months.

VN-Index loses the threshold of 1,180 points

The VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) finished lower at 1,177.4 points, down 12.82 points, or 1.08 per cent. The index gained over 15 points in the previous session, thanks to rising risk appetite.

HCM City seeks to draw remittances in infrastructure

Remittances to HCM City reached US$9.46 billion in 2023, nearly three times higher than foreign direct investment (FDI),

Lào Cai province calls for more Japanese investments

The advantages and potential of Việt Nam’s northern border province of Lào Cai were introduced to Japanese firms at an investment and tourism promotion conference in Tokyo on April 23.

Chilli pepper exports jump 53% in Q1

As of the end of March, Việt Nam exported 3,141 tonnes of chilli peppers, worth US$8.1 million, representing an increase of 17.6 per cent in volume and 52.8 per cent in value over the same period of 2023.

Masan closes $250 million investment from Bain Capital on April 22

With the exchange rate at VNĐ25,356 buying a dollar, Masan will receive VNĐ6.228 billion in net cash from this investment which will significantly improve Masan’s balance sheet.

Vietnamese PM outlines three key breakthroughs for ASEAN's path to digital excellence

During discussions with ASEAN businesses, Vietnamese Prime Minister Phạm Minh Chính outlined three priority areas and proposed three breakthroughs for ASEAN to lead global digital transformation.

FPT and NVIDIA ink MoU to build $200m AI factory

Việt Nam’s tech giant FPT plans to build a $200 million artificial intelligence (AI) factory using Nvidia's graphics chips and software, as announced on Tuesday, in a comprehensive strategic partnership with NVIDIA.