Imported cars increased their share of the auto market by 7.9 percentage points from a year earlier to a full 50% in the first half of 2024. Locally produced or assembled vehicles usually outsell imported ones as they are not only more readily available but also cheaper due to faster shipping and the government’s support […]

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Nearly VND800 billion (US$31.6 million) worth of goods were sold every day on the top five e-commerce platforms in the first half of this year. Sales on Shopee, Lazada, Tiki, Sendo, and Tiktok Shop totaled VND143.9 trillion, a 54.91% rise from a year ago, according to a report by e-commerce data tracker Metric. TikTok Shop […]

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The State Securities Commission of Vietnam has proposed eliminating the current regulation that requires foreign institutional investors to deposit 100 percent of the transaction value before trading stocks in Vietnam.     Vietnam is attempting to have its stock market upgraded. Photo: Quang Dinh / Tuoi Tre  If foreign investors fail to make full payments, […]

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The six leading economies in Southeast Asia, including Vietnam, the Philippines, Indonesia, Malaysia, Thailand, and Singapore, are projected to grow at an average annual rate of 5.1% over the next decade.   Workers seen at a steel factory in central Quang Ngai Province. Photo by VnExpress/Giang Huy  This projection was released in a report on […]

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Industrial production showing signs of recovery.   Ho Chi Minh City posted positive economic growth in many indicators in the first seven months of the year, the municipal authorities reported at a meeting held on August 1 to review the city’s socio-economic situation in Jan-July period. The city’s industrial production showed signs of recovery in […]

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India’s Adani Group has proposed an investment of nearly $5 billion to build Lien Chieu port in central Da Nang city and a thermal power project in south-central Binh Thuan province.   Minister of Planning and Investment Nguyen Chi Dung meeting with Adani Group representatives in New Delhi on the ocassion of PM Pham Minh […]

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The U.S. dollar gained slightly against the Vietnamese dong Thursday morning.   A person counts U.S. dollars at a bank in Ho Chi Minh City. Photo by VnExpress/Thanh Tung Vietcombank sold the greenback at VND25,478, 0.004% higher from Wednesday.   The State Bank of Vietnam also raised its rate by 0.004% to VND24,265. Unofficial exchange […]

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International delegations consisting of national and organization leaders came and paid tribute to late Party General Secretary Nguyen Phu Trong in Hanoi and HCMC on Thursday. A delegation of high-ranking Lao leaders, led by Lao Party General Secretary Thongloun Sisoulith, attends the mourning and funeral ceremonies of Party leader Nguyen Phu Trong in Hanoi. Laos […]

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Vietnam’s fisheries exports in the first half of 2024 were worth US$4.4 billion, up 6% year-on-year on higher demand in major markets like the U.S., China and the EU.   Fishermen in central city of Da Nang transport tuna fish. Photo by VnExpress/Nguyen Dong  Key items such as shrimp, pangasius and tuna did well, the […]

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The Vietnamese government has set a goal to bring GDP per capita to $7,500 by 2030, up 75% from 2023.   A man works in a tunnel shell factory in northern Vietnam. Photo by VnExpress/Pham Chieu  GDP per capita rose 1.6% to $4,284.5 last year, according to the General Statistics Office. S&P Global Ratings expects […]

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