Việt Nam News

The vast majority of those are being imported through e-commerce platforms, including some of the largest in the country such as Shopee, Lazada and TikTok, with combined value reaching billions of dollars monthly.

The $1.8 loan will be invested as the third part of the Long Thành International Project’s first phase, to include improvements to passenger terminals and aircraft aprons, with a total overall investment of VNĐ99 trillion (US$3.9 billion).

Due to the impact of COVID-19, Việt Nam's GDP growth rate reached a low point in the first quarter of 2023 at 3.4 per cent but has shown robust growth in recent quarters.

The real estate market in provinces and cities in the Southern region of Việt Nam in the first months of 2024 grew, with land, low-cost housing and apartments seeing higher demand.

The General Department of Taxation proposed the State Bank of Việt Nam study regulations on making non-cash payments compulsory for gold transactions together with a control mechanism to improve transparency.

It was forecast that about 12.8 million TEU of container goods would be transshipped via ports in the East Sea by 2030.

Deputy Minister of Planning and Investment Đỗ Thành Trung has expressed his wish for the support from the Australian Centre for International Agricultural Research (ACIAR) in optimising investment resources for agriculture and rural development.

The VN-Index inched closer to the threshold of 1,250 point-level.

The company reported a profit before tax of VNĐ65 billion, but after deducting taxes, it ended up with a loss after tax of VNĐ31.4 billion.

Italian insurance – financial company SACE has announced a capital package worth US$1.3 billion to support Italian companies in Việt Nam as well as Vietnamese firms using technologies, machines and components imported from Italy.

Đồng Tháp Province has exported to Japan its first ever batch of frozen lotus roots, a key crop of the province.

The 2024 Land Law coming into effect will have a significant impact, with the two groups benefiting the most being overseas Vietnamese and resettled individuals who are compensated.

Local investors were attracted by gold’s outstanding performance during the quarter, particularly in the face of rising energy prices – which are expected to fuel inflation – and local currency depreciation against the dollar, according to the World Gold Council. Premiums on gold bars reportedly reached a record of $650 per tael in the quarter.

The merger of Hà Nội and Sài Gòn railway companies into Railway Transport JSC with over VNĐ1.3 trillion (US$51.2 million) in capital will be completed by year-end.

The American Alliance for Solar Manufacturing Trade Committee requested to investigate a number of solar battery products under HS codes 8501.61.0000, 8507.20.80, 8541.42.0010 and 8541.43.0010.

There are several weak CIs in the Vietnamese banking system that are being put under special control and have to undergo restructuring as per the request of the Government. Three of them are Ocean Bank, GPBank and CBbank, which the SBV bought for zero đồng.

The power can still be connected to the national grid but transmission can only priced at VNĐ0, a requirement that has sparked controversy with opponents saying the policy is counterproductive as a way of encouraging the public and businesses to participate.

As Việt Nam navigates the global economic headwinds, the complex challenge that the SBV is grappling with is maintaining the relative stability of exchange rate while upporting the economic growth – a priority in Việt Nam's economic policy.