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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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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