The German Business Association (GBA) has launched its 2024 action plan with enthusiasm and groundbreaking commitments to strengthen the bilateral economic relations between Vietnam and Germany.    The GBA board of directors at its annual general meeting 2024, held concurrently in Hanoi and Ho Chi Minh City  Under the leadership of the newly elected board […]

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Vietnam was represented by six billionaires among the 2,781 wealthiest individuals worldwide, as revealed in the 2024 Forbes list of the world’s richest people on Tuesday.   Pham Nhat Vuong, chairman of Vietnamese conglomerate Vingroup, who leads the six Vietnamese billionaires named in the 2024 Forbes list of the planet’s richest people  Leading these Vietnamese […]

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State budget revenue from exports and imports in the first quarter of this year reached VND88.35 trillion ($3.53 billion), down 4.2% year-on-year, the General Department of Vietnam Customs reported Wednesday.    Containers seen at Tan Vu Port in Hai Phong City. Photo by VnExpress/Giang Huy  Three-month exports fetched $93.06 billion, a rise of 17% compared […]

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The US website finance.yahoo.com placed Vietnam 6th among the fastest growing economies in Asia in 2024 in its article published on April 4. Customers shop in a supermarket in Ho Chi Minh City. Photo by VnExpress/Thanh Tung The article cited projections for Vietnam’s real GDP growth to reach 5.8% and per capita GDP growth at […]

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Ho Chi Minh City saw 16,161 firms newly established or resuming operations between January and March, while some 16,180 enterprises left the market during the period, according to the city’s Statistics Office.   An employee is at work at a factory in Ho Chi Minh City. Photo: Ngoc Hien / Tuoi Tre  It meant that in […]

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Vietnam recorded a trade surplus of US$8.08 billion, up 63.9% year-on-year, in the first quarter of 2024, reported the General Statistics Office (GSO) on Friday.    Containers at Tan Vu Terminal in northern Hai Phong City. Photo by VnExpress/Giang Huy  In the period, total export-import turnover hit $178.04 billion, up 15.5% from the same period […]

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There are ample investment opportunities for Dutch companies in Vietnam as the Southeast Asian country is appealing thanks to its growing economy and strategic geographical position in the region, according to Dutch Minister of Infrastructure and Water Management Mark Harbers. Dutch Minister of Infrastructure and Water Management Mark Harbers gestures in an interview with Tuoi Tre News […]

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Two major foreign banks offer varying projections for Vietnam’s economic performance in Q1 and 2024, highlighting the interplay between domestic momentum and external uncertainties.   How to Balance Domestic Strengths and Global Risks Two recent forecasts paint a mixed picture of Vietnam’s economic trajectory. Standard Chartered Bank, which has been celebrating its 120-year-history in the […]

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The location set for the planned Cho Lon night quarter, which will span 1,510 square meters near Binh Tay Market in District 6, Ho Chi Minh City, is now fairly tranquil in the evening. Some food trucks line the front of the market each evening after merchants clean up and close their stalls and stores at […]

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Vietnam’s GDP grew by 5.66% in the first quarter, the highest rate for the period since 2020, according to the General Statistics Office. Industry and construction grew at 6.28% and accounted for 35.7% of the GDP. Following close behind was the services sector with 6.12%, thanks to sharp increases in retail and tourism, which accounted […]

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