South Korea is set to increase its Official Development Assistance loans to Vietnam by 50% from last year to $52 million this year.    Vietnam Deputy Prime Minister Tran Luu Quang meets with Korea International Cooperation Agency president Chang Won-sam in Hanoi on March 20, 2024. Photo courtesy the Vietnam Government Portal  “The South Korean […]

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The southern province of Binh Duong has planned to develop 10 more industrial parks (IP) in the 2023 – 2030 period, according to head of the provincial Industrial Park Management Board Nguyen Trung Tin.    An industrial park in Binh Duong Province in 2022. Photo by VnExpress/Quynh Tran  Tin revealed the information at a conference […]

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The U.S. dollar rose at banks while it fell slightly against the Vietnamese dong on the black market Friday morning.    An employee counts U.S. banknotes at a bank in Ho Chi Minh City. Photo by VnExpress/Thanh Tung  Vietcombank sold the dollar at VND24,970, up 0.08% from Thursday.   The greenback fell 0.21% to VND25,537 […]

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Vietnamese Prime Minister Pham Minh Chinh urged U.S. enterprises to further expand their investment and technology transfer operations in Vietnam, especially in high technology serving emerging sectors, during a reception on Thursday for a delegation of 60 U.S. enterprises led by Ted Osius, president and CEO of the US-ASEAN Business Council (USABC) and former U.S. […]

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Foreign money has been the main driving force behind large mergers and acquisitions this year. Last week U.S. investment firm Nebula Energy’s liquefied natural gas subsidiary AG&P LNG acquired a 49% stake in the Cai Mep LNG Terminal in Ba Ria-Vung Tau Province, according to its owner, energy firm Hai Linh Company. The terminal is […]

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HANOI — Vietnamese Prime Minister Pham Minh Chinh on Thursday met with the country’s top businesses to discuss measures to shore up economic activity amid weak bank lending, the government said.    Vietnam’s Prime Minister Pham Minh Chinh speaks during the 54th annual meeting of the World Economic Forum in Davos, Switzerland, January 16, 2024. […]

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Export value in Jan-Feb rose 15 per cent to $5.2 billion.   Vietnam’s garment and textile industry targets posting export revenue of $44 billion this year, for a 9 per cent increase compared to 2023. Figures from the General Statistics Office show that the sector recorded export value of $5.2 billion in the opening two […]

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Vietnam has the fifth fastest growing ultra-high-net-worth population in the Asia–Pacific, and their number will reach 1,000 by 2028, property consultancy Knight Frank has forecast.    A luxury fashion shop in Hanoi. Photo by VnExpress/Phuong Anh  The number of UHNWIs, whom it defines as those with net assets of over US$30 million, would increase by […]

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The total retail sales of goods and consumer service revenue in February increased by 8.5% year-on-year to VND509.7 trillion (US$20.63 billion), according to the General Statistics Office.   A woman shops at a supermarket in Ho Chi Minh City in January 2023. Photo by VnExpress/Thanh Tung The figure contributed to a year-on-year rise of 8.1% […]

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Barriers and challenges remain as businesses led by women often face difficulties in terms of development scale with the majority of them being small or medium-sized, or operating in the informal sector of the economy. President Võ Văn Thưởng during a meeting with Vietnamese businesswomen in Hà Nội. VGP Photo HÀ NỘI Increasing women’s participation […]

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