Vietnam has the fifth fastest growing ultra-high-net-worth population in the Asia–Pacific, and their number will reach 1,000 by 2028, property consultancy Knight Frank has forecast.    A luxury fashion shop in Hanoi. Photo by VnExpress/Phuong Anh  The number of UHNWIs, whom it defines as those with net assets of over US$30 million, would increase by […]

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Non-cash payment transactions increased by 63.3 percent in volume and 41.45 percent in value in January, compared to the same period last year, reported the State Bank of Viet Nam (SBV). The statistics of the central bank showed that internet banking transactions surged by 57.85 percent in volume and 32.43 percent in value. Mobile banking […]

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The Ministry of Finance has announced the public investment disbursement in the two-month period with positive results, as both the total disbursed capital and the disbursement rate were higher than the same period last year.The Government has allocated nearly VNĐ660 trillion as the total public investment capital plan for ministries, central agencies and localities this […]

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To manage public debt in a sustainable way, the Ministry of Finance said it will continue to strengthen supervision, inspection and audit of public debt, besides publicising public debt information and constantly improving the legal framework for public debt management.  Việt Nam’s public debts have been kept at a sustainable and stable level, which has […]

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The total retail sales of goods and consumer service revenue in February increased by 8.5% year-on-year to VND509.7 trillion (US$20.63 billion), according to the General Statistics Office.   A woman shops at a supermarket in Ho Chi Minh City in January 2023. Photo by VnExpress/Thanh Tung The figure contributed to a year-on-year rise of 8.1% […]

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Barriers and challenges remain as businesses led by women often face difficulties in terms of development scale with the majority of them being small or medium-sized, or operating in the informal sector of the economy. President Võ Văn Thưởng during a meeting with Vietnamese businesswomen in Hà Nội. VGP Photo HÀ NỘI Increasing women’s participation […]

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Vietnam exported US$4.78 billion worth of rice in 2023, up 36.6 percent in value year on year, marking a record high for outbound rice shipment value in the past several years, heard a conference held in Da Nang City on Wednesday.    Some varieties of Vietnamese rice are on display at an international rice conference […]

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Vietnam shipped an estimated US$9.84 billion worth of agro-forestry-fishery products overseas during the first two months of the year, marking a 50-percent rise against the same period last year, according to the Ministry of Agriculture and Rural Development.   Vietnamese Minister of Agriculture and Rural Development Phung Duc Tien. Photo: Chi Tue / Tuoi Tre  […]

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The Vietnamese real estate sector has pushed through its toughest times and is steadily increasing momentum, according to a report sent by the Ho Chi Minh City Real Estate Association (HoREA) to the Ministry of Construction on Tuesday.   Apartment buildings in Ho Chi Minh City. Photo: Ngoc Hien / Tuoi Tre The period from […]

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Non-cash payment transactions increased by 63.3% in volume and 41.45% in value in January, compared to the same period last year, the State Bank of Vietnam (SBV) has announced. Việt Nam saw an impressive 8.5% increase in February, marking a significant boost in the country’s economic outlook for the early months of 2024. — VNA/VNS Photo […]

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