The U.S. Commerce Department will hear testimony on whether to designate Vietnam as a “market economy” on Wednesday. U.S. President Joe Biden makes a speech at the U.S. Capitol building in Washington, U.S., May 7, 2024. Photo by Reuters The move, opposed by U.S. steelmakers and Gulf Coast shrimpers but backed by retailers and […]
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PM Pham Minh Chinh directs easing of credit constraints and interest rate reductions to support businesses The PM’s strategy rests on “five increases” and “five decreases.” (Photo source: https://www.realvantage.co/) The Prime Minister of Vietnam Pham Minh Chinh signed a comprehensive directive on May 2 focusing on removing difficulties for production and business, promoting growth […]
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The Ministry of Industry and Trade introduces a new scheme to boost legal knowledge and empower smaller enterprises often overlooked in Vietnam’s economic landscape. SMEs are vital to Vietnam’s economy, comprising roughly 98% of all enterprises and contributing approximately 40% of the country’s GDP. (Photo source: Financial Magazine.) Vietnam’s Ministry of Industry and Trade […]
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Vietnam is expected to produce 43 million tons of rice this year, enough to meet both the export demand of more than 8 million tons and domestic consumption. Farmers harvest rice in southern province of Kien Giang. Photo by VnExpress/An Binh In the first four months of 2024, Vietnam earned US$2.08 billion from shipping […]
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Prime Minister issues directive to bolster carbon credit oversight amid climate commitments Commitment Reinforcement post COP26. (Photo source: internet.) Vietnam is ramping up efforts to manage carbon credits effectively in pursuit of its Nationally Determined Contributions (NDCs), following its pledge to achieve net-zero emissions by 2050. Prime Minister Pham Minh Chinh on May 2 […]
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Vietnam’s import-export revenue reached $238.88 billion in the first four months of this year, with trade surplus reaching $8.4 billion, higher than the $7.66 billion recorded in the same period last year. Containers at Tan Vu Terminal in northern Hai Phong City. Photo by VnExpress/Giang Huy April exports were estimated at $30.94 billion , […]
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Foreign direct investment (FDI) disbursed in Vietnam is estimated at $6.28 billion between January and April, up 7.4% year-on-year, the highest four-month amount in the past five years, reported the General Statistics Office. Cat Lai Terminal in Ho Chi Minh City. Photo by VnExpress/Thanh Nguyen The processing-manufacturing sector saw the largest amount at $4.93 […]
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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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