U.S. tech giant Apple’s contract manufacturers in Vietnam plan to hire over 103,000 workers this year, mostly for their factories in northern Bac Giang Province. Foxconn, Apple’s biggest supplier, needs 15,000 workers for its plants in the Dinh Tram and Quang Chau industrial parks (IPs) in the first half of the year, and 12,000 in […]

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Vietnam ranks behind only India as the most sought-after emerging property market in the Asia Pacific, according to a recent survey by property consultancy CBRE. Buildings in Ho Chi Minh City. Photo by VnExpress/Quynh Tran The survey, which polled investors in the region in the last two months of 2023 about their investment plans for […]

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Only a few banks now offer more than 5% per year for deposits of 12 months or less, with the highest rate at 5.7%. Sixteen of the country’s banks lowered deposit interest rates this month, with most cutting rates for deposits of up to 12 months by 0.15-0.4 percentage points during the runup to Tet. […]

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The stock market might recover this year while the real estate, gold and cryptocurrency markets face uncertainties, experts forecast.   An employee counts Vietnamese banknotes at a bank in Hanoi. Photo by VnExpress/Giang Huy Bank deposit interest rates to stay low At the end of 2023 bank deposits increased by 14% to an all-time high […]

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Mục tiêu tăng trưởng kinh tế năm 2024 của TP HCM khoảng 8% có thể đạt được nếu biết thúc đẩy tiêu dùng, mở rộng thị trường xuất khẩu và tình hình thế giới phục hồi. Nhận định trên được nêu trong “Báo cáo Kinh tế vĩ mô: Kết quả 2023 và Dự báo 2024” […]

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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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