Over the past few years, many local enterprises have poured trillions of Vietnamese dong (VND1 trillion = US$39.3 million) into data center projects meeting international standards, giving major businesses and banks in Vietnam alternatives to overseas data centers.   A data center which has been recently put into operation in Vietnam. Photo: Dieu Linh / Tuoi Tre  […]

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Ho Chi Minh City aims to attract remittances for infrastructure development projects because of its substantial infrastructure demands and consistently high remittance inflows to the city, heard a seminar in the southern metropolis on Tuesday.    Vu Thi Huynh Mai (L), head of the Ho Chi Minh City Committee for Overseas Vietnamese Affairs, speaks at the […]

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The Global Sourcing Fair Vietnam 2024 commenced in Ho Chi Minh City on Wednesday, with more than 400 Vietnamese and foreign suppliers promoting about 20,000 various export-standard products to an expected total of 8,000 local and international purchasers.    Customers visit the booth of a Malaysian enterprise at the Global Sourcing Fair Vietnam 2024, which […]

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Khanh Hoa Province in south-central Vietnam plans to send its officials and staff to the U.S. to promote trade, investment, tourism cooperation as well as to establish twinning partnerships with two U.S. cities.      A bird’s-eye view of the coastal city of Nha Trang, located in Khanh Hoa Province, south-central Vietnam. Photo: Phan Song Ngan / […]

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Exchange rates cannot be sacrificed for low interest rates, says deputy governor   SBV’s Deputy Governor Dao Minh Tu. (Photo source: https://thitruongtaichinhtiente.vn/) Deputy governor Dao Minh Tu outlined the strategy of the State Bank of Vietnam (SBV), the country’s central bank, emphasizing the need to harmonize exchange rates and interest rates without sacrificing one for […]

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Amidst surging electricity demand, Vietnamese companies are saving money by shifting production outside of peak hours.   Vietnam’s economic rebound and prolonged hot weather are putting pressure on the country’s power grid. In the first quarter of 2024, electricity demand increased by nearly 14% compared to the same period last year according to Electricity of […]

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Theo Báo cáo cập nhật kinh tế 6 tháng Điểm lại mới nhất của Ngân hàng Thế giới (WB) được công bố ngày 23/4, Kinh tế Việt Nam đang có những tín hiệu phục hồi khác nhau, với dự báo tăng trưởng sẽ đạt 5,5% vào năm 2024 và tăng dần lên 6,0% vào năm […]

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Overseas remittances sent to Ho Chi Minh City hit US$2.86 billion in the first quarter of 2024, a year-on-year increase of 35.4 percent and the highest recorded in three consecutive years. As per official data, remittances to the city grew by 14.2 percent and 19.4 percent in the first quarters of 2022 and 2023, respectively. […]

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Country aims to become a key player in rapidly growing sector vital to digital technologies   Vietnam’s Minister of Science and Technology Huynh Thanh Dat at the workshop on April 17. (Photo source: MoST) Vietnam’s drive to become a significant player in the global semiconductor industry took center stage at a recent workshop held on […]

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Gold prices have risen 15-22% this year, making it the best performing asset class. Bullion prices were up 14.8% to a historic high of VND85 million (US$3,373.7) per tael of 37.5 grams last week. Pure gold rings appreciated by 22.3% to VND78 million.   In comparison, bank deposits yielded 1.23% — for a 12-month term […]

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