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Growth engines rev up in first four months

The Vietnamese economy is expected to carry momentum in the months to come after experiencing improvements in foreign direct investment (FDI) attraction, industrial production, and retail sales, among others, in the first four months of this year.

Vietnam likely to export more than 8 million tonnes of rice this year

Vietnam is expected to produce 43 million tonnes of rice this year, of which more than 8 million tonnes will be for export, according to the Ministry of Agriculture and Rural Development.

Central bank to continue gold auction on May 3

The State Bank of Vietnam will auction an additional 16,800 taels of SJC-branded gold bars to businesses at 9am on May 3, it said in a statement released on May 2.

Vietnamese PMI exceeds 50 points on solid rebound in new orders: S&P Global

Vietnam’s Manufacturing Purchasing Managers’ Index (PMI) rose back above the 50.0 no change mark in April, posting 50.3 from 49.9 in March.

Vietnam Airlines Corporation reports profit in Q1/2024

Vietnam Airlines Corporation reported after-tax profit of 4.44 trillion VND (173.19 million USD) in the first quarter of 2024 as it is strengthening its international flights and restructuring.

Alibaba to build data centre in Vietnam

Alibaba has initiated plans to build a data hub in Vietnam in order to store data locally in compliance with legal requirements, according to details given by Nikkei Asia.

Stock market upgrade to help Vietnam lure another 10 bln USD in investment

The elevation of the stock market to "emerging" status can help Vietnam attract an additional 10 billion USD in both direct and indirect investment, KB Vietnam Securities JSC (KBSV) reported, citing the World Bank (WB).

Hanoi's logistics industry development fails to meet potential

The development of Hanoi's logistics sector has failed to meet its full potential despite the city's favourable geographic location as the heart of the northern key economic region.

Demand for prime retail space on the rise in HCM City’s downtown

Luxury brands are looking for high-quality retail space in District 1 - the downtown area of Ho Chi Minh City, according to Savills Vietnam.

Mangrove forests can yield high volume of blue carbon credits

One hectare of mangrove forest has a carbon absorption capability five times higher than one hectare of terrestrial forests. This is an important source of blue carbon credits, a high-end, very valuable product from nature.

Market likely to face some fluctuations

Last week’s recovery is viewed as a technical rebound following a recent sharp and significant decline. As a result, a potential correction scenario for the VN-Index cannot be ruled out.

Vietnam secures remarkable economic successes since national reunification

Since the national reunification on April 30, 1975, Vietnam has obtained admirable economic achievements and is now on its way to become the 20th largest economy in the world.

Power consumption hits record high amidst heatwave

The average daily power consumption for the April 15 to 21 week hit over 881 million kWh, up 2.4 million kWh compared to the previous week.

E-commerce activities divided into eight groups for easy management

Tax administration data shows that revenue from e-commerce business activities amounted to VNĐ3.1 quadrillion (US$130.57 billion) in 2022, with taxes paid totalling VNĐ83 trillion.

RoK burgeoning market for Vietnam’s agro-forestry-fisheries exports

Vietnam’s squid and octopus exports to the RoK are forecast to rise in the first quarter of 2024, she said, noting that shrimp is also a key aquatic export to the market.

More than 35,900 workers sent abroad in three months

Vietnam sent more than 35,900 labourers to work abroad under contracts in the first quarter of 2024, according to the Department of Overseas Labour under the Ministry of Labour, Invalids and Social Affairs (MoLISA).

New Vietnamese investments overseas fall 30% in four months

Vietnamese enterprises invested US$98.3 million in 36 new projects aboard throughout the first four months of the year, marking a decline of 29.8% year on year.

CPI in April inches up 0.07%

The consumer price index (CPI) in April inched up 0.07% from the previous month and 4.4% year on year, mainly fueled by a petroleum price hike, the General Statistics Office (GSO) said on April 29.

National Power Development Master Plan for 2021 - 2030 period put into reality

Deputy Prime Minister Tran Hong Ha signed Decision 338/QD-TTg, dated April 24, approving a plan to implement the National Power Development Master Plan for the period of 2021 - 2030, with a vision to 2050 (Master Plan VIII).

Govt proposes extending 8% VAT until end-2024

The Government has proposed extending the 8% value-added tax (VAT) on certain goods and services until the end of 2024.