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

Real estate firms reach final stage of restructuring

Finance ministry works with S&P on sovereign credit rating

Deputy Minister of Finance Nguyễn Đức Chi said that despite global uncertainties, Việt Nam’s macroeconomy remains stable with robust recovery of production, exports and foreign direct investment.

Non-cash payments promoted on occasion of Cashless Day

The central bank has suggested that incentives could be used to promote non-cash payments.

Economy

Đồng Nai aims to become one of Việt Nam's largest economic centres by 2030

Đồng Nai, a southern province, aims to become one of Việt Nam's three largest economic centres by 2030, after Hà Nội and HCM City.

Economy

VN imports over US$3 billion in mobile phones and components in Q1

The first quarter saw the Southeast Asian country import $3.079 billion worth of mobile phones and components, a 22.4 per cent increase compared to last year and the 5th largest import of the country.

Economy

Central bank works on legal framework for credit scoring

The Vietnam National Credit Information Center (CIC) introduced the first credit scoring model according to international standards in 2015

Economy

VN urged to review FDI enterprises and align investment incentives with Global Minimum Tax regulations

The aim is to ensure fairness for businesses, consistency with regulations safeguarding investors' rights, and compliance with Việt Nam's international commitments.

Economy

Market mixed, as VN-Index breaks five-day rally

Large-cap stocks in banking and manufacturing sectors led the market's downturn.

Economy

Disbursement of foreign development funds remains slow - MoF

The disbursement of Việt Nam's public investment using foreign funds remains low, at just over 8.5 per cent, said Võ Hưu Hiền, deputy director of the Ministry of Finance's (MoF) debt management department.

Economy

Non-life insurance companies undergo mixed performance in Q1

Non-life insurance companies have seen a mixed performance in the first quarter of 2024, with several experiencing significant profit growth and others facing challenges.

Economy

Int’l distributors, retailers seek to connect with Vietnamese suppliers

Many distribution systems and foreign enterprises have shown interest in and are sending requests regarding items they want to trade at the Vietnam International Sourcing 2024, which is slated for June 6-8 in Ho Chi Minh City.

Economy

Bình Dương attracts nearly 4,300 FDI projects

As of May 2024, the southern province of Binh Duong has attracted nearly 4,300 projects with a total investment capital of nearly $40.6 billion from 65 countries and territories, ranking third in the country after Ho Chi Minh City and Hanoi.

Economy

Localities still slow in disbursing foreign-funded public investment: official

The disbursement of public investment funded by foreign sources in localities is relatively low at present, requiring solutions to difficulties facing each project, an official of the Ministry of Finance said,

Economy

Indian founder of Infosys visits FPT's headquarters

The visit of Narayana Murthy, often referred to as 'India's Bill Gates' signifies the strengthening of the relationship between Indian and Vietnamese IT businesses.

Economy

Bad debt still a headache for banks in 2024

Bad debt has returned to become a headache for the banking industry this year as it increased again in Q1 2024 after declining in Q4 2023 for the first time in eight consecutive quarters.

Economy

Over 35,000 taels of SJC gold sold to market in one month

Adding the 7,900 taels of SJC gold bullions that were successfully auctioned off today, the central bank has released a total of 35,100 taels to the market in the past month.

Economy

Thanh Hà lychees sold on Australian supermarket shelves

The fruit is sold for AUD$34.99 (US$23.3) per kilogramme at the Australian Market Place supermarket.

Economy

Hòa Bình Construction Group signs cooperation agreement with CNCTech

The expected value of the contract between CNCTech and Hòa Bình amounts to VNĐ12 trillion (US$490 million).

Economy

HCM City to host Việt Nam’s 1st International Technology Exposition

The inaugural International Technology Exposition (iTECH Expo 2024) will be held in HCM City from July 10 to 12, helping promote trade and investment in the technology sector.

Economy

Forum promotes Việt Nam - Australia cooperation in construction

A forum has been held in Sydney to promote connecting and building partnerships between Vietnamese businesses and Australia's property developers and construction companies.

Economy

Việt Nam plans to boost Lâm Đồng’s airport capacity

The airport’s Terminal 2 will be constructed in 2021-2030, able to serve 3 million passengers a year, and will then be expanded to increase the airport capacity to 7 million by 2050.