Việt Nam News

By the end of November 2023, Hải Dương had attracted over US$1.13 billion worth of foreign investment, over three times higher than the same period last year, statistics from the provincial Department of Planning and Investment revealed.

Large value transactions must be reported to the SBV’s Department of Anti-Money Laundering according to the provisions of Article 25 of the Law on Prevention and Combat of Money Laundering.

Analyst’s Pick: According to experts and international media, Việt Nam's economy has shown more or less resilience, stability, and readiness to overcome difficulties to become one of the economies with positive growth rates in the world.

The trend of business partnerships was becoming more and more popular in the modern economy because of the benefits it brought to the participating parties.

It becomes vital for Việt Nam to reform investment incentives in the context of rapidly changing and complicated world, the ministry said. The international business environment and cross-border investment face challenges. The global FDI flow is decreasing by 4 per cent while strategic competition among nations in attracting FDI is increasingly fierce.

Vietcap Securities Joint Stock Company (Vietcap) predicted a potential weakening in the upward momentum of the VN30 basket, which could result in downward adjustments for large capitalisation groups leading the VN-Index.

Despite falling slightly short of the year's set target of 6.5 per cent, Việt Nam's 5 per cent GDP growth has been assessed by international financial institutions as outperforming many economies given the ongoing global economic downturn.

The police are scouring the country for over 42,000 victims of a massive bond fraud thought to involve VNĐ30 trillion (US$1.24 billion) by property developer Vạn Thịnh Phát.

The price of gold bullions in Việt Nam had skyrocketed over the past weeks, even peaking at VND 83 million (US$3,419) per tael. The difference between domestic and world gold prices has continuously expanded in recent days, reaching nearly VND 20 million per tael at certain moments.

The company said the fall was attributed to lower demand.

The recalls aim to address potential safety or performance issues and ensure the well-being of the customers.

In 2023, the forestry sector marked a significant milestone when the processes were completed to transfer 10.3 million tonnes of carbon emission reduction to the Forest Carbon Partnership Facility (FCPF) through the World Bank (WB) at a unit price of $5 per tonne of CO2, amounting to $51.5 million.

The investment support fund aims to stabilise the investment climate, encourage and attract strategic investors and multinational enterprises as well as support domestic companies in prioritised sectors.

The decline in the local auto market affected both domestically-produced and assembled vehicles, as well as imported vehicles, prompting car manufacturers to take action to reverse the trend.

Some banks have announced to adjust SMS banking fees starting from the beginning of 2024 and encouraged customers to switch to digital banking apps to get notifications for free.

Hà Nội has recorded a year-on-year growth rate of 6.27 per cent in gross regional domestic product (GRDP) in 2023.

Việt Nam’s stock market concluded the last session of 2023 in a quiet atmosphere without a clear direction for 2024.

The issuing licenses to export and import Hydrofluorocarbons (HFCs) substances will comply from January 1, 2024