Việt Nam News

The cryptocurrency market in Việt Nam remained bleak in 2023, resulting in a lack of profitability for nearly 65 per cent of investors. Among them, a significant 43.6 per cent of investors are experienced losses, according to the Việt Nam Crypto Market Report 2023 by Coin98 Insights.

Việt Nam not only relies on fiscal and monetary solutions to promote economic growth, but also creates new growth drivers from innovation, new economic models, business environment reform, economic restructuring and improving regional planning and linkage.

MoIT will coordinate with other agencies to implement development strategies and optimise free trade agreements (FTAs) and other cooperation frameworks to diversify Việt Nam's export markets.

After the adoption of the amendments, the law consisted of 15 chapters and 210 articles. It is anticipated that the law will come into effect on January 1, 2025.

Đinh Hồng Kỳ, vice chairman of Việt Nam Association for Building Materials, said that construction material companies had encountered numerous difficulties, and many had to stop operations as property project construction stagnated.

To increase local demand, ministries, branches and localities have been implementing activities to connect supply and demand and facilitate the consumption of goods, especially Vietnamese-made ones, during the Tết holiday.

Foreign investors continued to pour capital into two main exchanges.

Vietnamese and Japanese healthcare firms engaged in discussions aimed at enhancing their cooperation during their working session in the Japanese prefecture of Shizuoka

The mechanisation level in Việt Nam's agriculture is relatively low compared to other countries in the region and the world,

HCM City will focus on efforts to diversify tourism products and events and improve tourism products and services to attract domestic and foreign tourists, tourism authorities said.

Thirty-two businesses on Sunday (January 14) were honoured with the HCM City Golden Brand Award 2023 for their exceptional dedication to building and developing brands for their products and services. 

Petrovietnam has aimed for higher targets in 2024 to ensure continuous growth and sustainable development.

Phan Minh Thông, General Director of Phúc Sinh JSC, said the fund would not participate in operating the business but simply provide financial support. This has been the first time the company received foreign investment in 22 years of operation. The deal was completed after 18 months of negotiation.

The forum’s target is to create a platform that not only helps improve mutual understanding but also promotes deep interactions and innovation partnership between Việt Nam and Switzerland.

Trading through commodity exchanges would help mitigate risks for both buyers and sellers and create fair, competitive prices for Vietnamese agricultural products as well as prevent the recurring crashing of prices when farmers have bumper crops, speakers told a seminar in HCM City last week.

With a positive economic outlook, the Ministry of Industry and Trade aims to increase exports by 6 per cent in 2024, running a trade surplus for nine years in a row, estimated at US$15 billion.

2023 marked a significant milestone for the forestry sector as Việt Nam successfully sold 10.3 million forest carbon credits (10.3 million tonnes of CO2) for the first time through the World Bank (WB) for US$51.5 million, said Deputy Minister of Agriculture and Rural Development Nguyễn Quốc Trị.

According to the Vietnam Steel Association (VSA), steel sales in November and December 2023 reached the highest levels in 20 months with growth between 20-40 per cent for different products.