Measures to achieve this growth target include speeding up public spending, enhancing public services, streamlining administrative reform, controlling inflation and stabilising the macro-economy. Phan Văn Mãi, chairman of HCM City People’s Committee, speaks at a meeting in the city last Saturday. VNA/VNS Photo HCM CITY — Challenges such as bureaucratic obstacles, land clearance issues and […]

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The Ministry of Trade and Industry issued directives asking stakeholders to put in place a market stabilisation programme, focusing on ensuring the supply of essential food items at stable prices during the Lunar New Year (Tet) festival, which lasted from February 8-14. Industrial production experienced a robust recovery of 18.3%, and exports surged 42% in […]

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The State Bank of Vietnam (SBV) recently announced that total bank deposits have reached a record level of VND12.8 quadrillion (US$525.6 billion), with a continuous increase in resident deposits over the past year.    VND500,000 banknotes are seen in a counting machine at a branch of a commercial bank in Ho Chi Minh City. Photo: […]

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The U.S.’s share of Vietnam’s exports is growing, especially of laptops and smartphones, and the country is considered by investors as a potential global manufacturing hub, an analyst has said.   Jeongmin Seong, a partner with management consulting firm McKinsey Global Institute. Photo courtesy of the institute  Some 20% of Vietnam’s exports went to the […]

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The year 2024 continues to look good for Vietnam’s foreign investment attraction, as right from the beginning of this year, the country has attracted a host of projects.    Nhon Trach Industrial Park in Dong Nai Province, southern Vietnam. Photo by VnExpress/Quynh Tran  According to the Foreign Investment Agency under the Ministry of Planning and […]

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Vietnam bid farewell to 2023 on an upbeat note as the country spent the year experiencing positive signals that could help fulfill its ambitious goal of developing the semiconductor industry.    Vietnamese Prime Minister Pham Minh Chinh (C) meets with Vietnamese employees at Synopsys in the U.S. Photo: Nhat Bac / Tuoi Tre  Perhaps the most notable […]

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Vietnam’s Long An International Port has the potential to become an important trade bridge between Vietnam and Cambodia as well as a convenient international border gate through which foreign goods will enter and leave Cambodia, a Cambodian official has commented.   Governor of Cambodia’s Svay Rieng Province (R, 3rd) listens to an introduction about Long An […]

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Though 5.05% GDP growth last year was below the target, the economy steadily improved through the year despite the global headwinds.   Workers at garment company Dony’s factory in HCMC’s Tan Binh District. Photo by VnExpress/Quynh Tran A director of a wood products company in Dong Nai Province said his production fell by half last […]

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South Korean aero parts supplier KP Aero Industries broke ground on its KP Vina Aircraft Component factory project, worth US$20 million in investment, in Da Nang City, central Vietnam on Tuesday. Spanning some two hectares at Da Nang Hi-Tech Park, the facility will specialize in manufacturing and assembling components such as auxiliary power units, wingboxes, […]

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Fifteen U.S. companies, including semiconductors firms, have expressed interest in investing $8 billion in Vietnam in clean energy infrastructure, contingent on the country’s progress on renewable energy rules, a senior U.S. official said.    Prime Minister Pham Minh Chinh speaks with U.S. Under Secretary of State for Economic Growth, Energy, and the Environment Jose Fernandez […]

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