Ho Chi Minh City received US$5.178 billion in remittances from abroad during the first half of 2024, up 19.5 percent year on year and equal to 54.7 percent of the figure for the entirety of 2023.   Remittances to Ho Chi Minh City in the January-June period of 2024 rose over 19 percent year on […]

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The Business Confidence Index (BCI) of European businesses in Vietnam declined slightly in the second quarter of 2024, but 70 percent of them expressed optimism about the Southeast Asian country’s economic growth in the next five years, according to a report from the European Chamber of Commerce in Vietnam (EuroCham).    This illustration shows representatives […]

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Digital economy accounting for 18.3% of GDP. in the period.   Vietnam’s information and communications sector earned revenue of more than VND2 quadrillion ($78.5 billion) in the first six months of the year, soaring 24.5% compared to the same period of 2023, figures from the Ministry of Information and Communications (MIC) show. The sector contributed […]

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Economic diplomacy yeilding positive outcomes with the signing of many cooperative agreements with internnational partners.   Prime Minister Pham Minh Chinh chairing the teleconference with heads of Vietnamese representative agencies abroad in Hanoi on July 18. Photo: VGP Prime Minister Pham Minh Chinh has requested Vietnamese representative agencies abroad to continue taking measures to promote […]

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The Asian Development Bank (ADB) has revised its economic growth forecast for developing Asia slightly up thanks to stronger domestic demand and export growth.   Customers shop at a supermarket in Ho Chi Minh City. Photo by VnExpress/Thanh Tung  In the latest edition of Asian Development Outlook, which was released on July 17, the financial […]

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The Southeast Asia Clean Energy Facility II (SEACEF II) has invested US$10 million in Nami Distributed Energy, which is headquartered in Ho Chi Minh City and Hanoi, to promote innovative distributed energy solutions.   A solar power project that Nami Distributed Energy developed at Viet Thang Corporation in Ho Chi Minh City.  Singapore’s fund manager […]

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Container leasing companies worldwide are buying international-standard containers produced in Vietnam, against the backdrop of the global container shortage driving up sea freight rates.   A container forklift truck is seen operating at a container yard in Vietnam. Photo: A.N. / Tuoi Tre  Recently, container freight rates on many routes to the U.S. have soared […]

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Power consumption hitting a new record of 1.02 billion kWh per day on June 14.   Total electricity generation and import in the first six months of this year reached 151.74 billion kWh, a year-on-year increase of 12.4%, according to Vietnam Electricity  (EVN). During the period, the electricity consumption across the country reached a new […]

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The REDD+ Environmental Excellence Standard, the world’s first purely jurisdictional carbon credit standard under Virginia-based carbon registry ART, has accepted Vietnam’s carbon registration and monitoring reports, S&P Global quoted ART as saying in a statement on Wednesday.     This milestone paves the way for Vietnam to bring jurisdictional carbon credits to the market. Jurisdictional carbon credits […]

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The Green and Clean Energy towards Net Zero forum co-hosted by Vneconomy / Vietnam Economic Times and the Department of Climate Change on July 11, attracting over 200 delegates.   Mr. Ta Dinh Thi, Vice Chairman of the National Assembly Committee on Science, Technology and Environment, addressing the forum. Economic and energy experts, enterprises, investors […]

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