Việt Nam News

Foreign Direct Investments into the ASEAN economies of Indonesia, Malaysia, Philippines, Thailand, Singapore and Việt Nam rose to US$236 billion in 2023, compared with an annual average of $190 billion between 2020 and 2022

Combining digital and green transformations, also known as “dual transformation,” has become an urgent requirement for businesses to achieve their goals and fulfil their social responsibility, according to the Investment and Trade Promotion Centre of HCM City (ITPC).

Businesses in Việt Nam want to implement artificial intelligence initiatives, but lack direction and the operational processes required to achieve optimal efficiency, a conference heard in HCM City on June 28.

Chu Lai Port has established itself as a prominent international freight forwarding hub in the central and Central Highlands regions and a crucial link for trade with global markets.

Earning an annual 5.51 per cent growth with an economic scale of VNĐ1.57 trillion, or a 15.06 per cent share of the country’s Gross Domestic Product, the north central and coastal central region has yet promoted potential of a strategic sea-based economic power and a global brand of logistics, tourism and industrial processing centre.

Hải Dương Province plans to invest more than VNĐ1.4 trillion ($55 million) to develop a logistics, petroleum and cargo port complex in Kinh Môn Town.

This marks the fourth time the ministry has imposed fee reductions of 10-50 per cent, which is estimated to have a budgetary impact of about VNĐ700 billion (US$29.1 million).

This surge is attributed to adverse weather conditions that significantly reduced Bắc Giang’s lychee output, which now stands at nearly 100,000 tonnes, around half of last year's production.

Việt Nam has a huge potential to promote the development of the semiconductor industry and artificial intelligence (AI) with an abundant young and well-trained individuals, a leading non-engineer semiconductor specialist in the US said.

With many goods already witnessing sharp price increases in the first half of 2024, and incomes still struggling to bounce back from economic hardships, families are bracing for a potential squeeze on their budgets.

With CPTPP and UKVFTA, Việt Nam’s goods, especially those of export strength such as agro-forestry-fishery, garment and textile, footwear and electronics, will have more access to the UK – a market with high consumption demand and spending levels.

Of which, the export value is estimated to reach $866.6 million in the first six months of this year, equal to 186.24 per cent compared to the same period last year.

For profit distribution, Bảo Việt recorded a total post-tax profit of VNĐ1.12 trillion in 2023.

In Việt Nam, AI is expected to be adopted across smart buildings, urban transportation and electric vehicle charging infrastructure to enhance energy security.

Benchmark indices moved in different directions on Friday as blue-chip stocks saw a withdrawal in capital while foreign investors continue net selling for 17 straight sessions.

The platform aims to offload up to $1.2 billion in NPLs, enabling up to 400,000 debtors to regain formal credit access.

The Council's responsibilities include researching, advising and recommending policies and mechanisms for sustainable development, on a national scale.

The Republic of Korea (RoK)’s Ministry of Justice on Thursday announced the extension of the pilot e-group visa programme for citizens of the Philippines, Indonesia and Việt Nam for an additional two years.