The improvements in Vietnam’s economic freedom score and ranking reflect the government’s timely adjustments to economic policies.   Vietnam has entered the Top 100 countries and territories with the highest Economic Freedom Index in the world, ranking 99th, according to the 2024 Annual Report: Economic Freedom of the World, released on October 16 by the […]

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With the development of the high-speed North-South railway project, the focus has turned to training a local workforce to minimize dependence on foreign expertise in express rail operations, an official said.   A high-speed train in Europe. Photo by VnExpress/Anh Duy Vu Hong Phuong, director of the Railway Project Management Unit, the Ministry of Transport […]

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The U.S. dollar gained against the Vietnamese dong Friday morning while heading for its third weekly gain in a row globally.   An employee counts U.S. banknotes at a bank in Ho Chi Minh City. Photo by VnExpress/Thanh Tung Vietcombank sold the dollar at VND25,400, up 0.12% from Thursday. The greenback held firm at VND25,360 […]

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Vietnam’s export value to the US stood at $89.4 billion, accounting for 29.8% of the country’s total export turnover in the period.   The Government News on October 17 quoted the Ministry of Industry and Trade as reporting that the two-way trade between Vietnam and the US exceeded $100 billion mark over the first nine […]

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Vietnam and Japan have become important economic partners.   Minister of Planning and Investment Nguyen Chi Dung leads the working group. Photo: VGP A coordinating working group to accelerate key economic cooperation projects between Vietnam and Japan has been established under a prime ministerial decision signed by Deputy Prime Minister Bui Thanh Son on October […]

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The city targets to increase the usage of digital platforms by SMEs to a minimum of 60% by 2025.   Some 2,000 small- and medium-enterprises (SMEs) in Ho Chi Minh City will get support in digital transformation through 2025. The plan is aimed at creating new values for enterprises while contributing to boosting the city’s […]

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Remittances to Ho Chi Minh City reached US$7.392 billion in the first nine months of 2024, a year-on-year increase of 10.5 percent. The above figure is equivalent to 78.1 percent of the total overseas remittance flow (US$9.46 billion) to the southern metropolis in 2023. The largest chunk of the remittances came from Asia, accounting for […]

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The WB Vice President for East Asia and Pacific reiterated the WB’s unwavering support for Vietnam’s journey to become a high-income developed nation by 2045.   PM Pham Minh Chinh (right) and WB Vice President for East Asia and Pacific Manuela Ferro hold talks in Laos on October 10. (Photo: VGP) Prime Minister Pham Minh Chinh […]

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During the pilot phase, no sales to foreigners as well as regulations on credit exchanges with regional and global markets will be made, except for carbon exchange activities under international agreements.   Deputy Prime Minister Tran Hong Ha is chairing a meeting on establishing and developing a compliance carbon market on October 7. (Photo: VNA) […]

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Vietnam attracted US$24.78 billion in foreign direct investment in the first nine months of 2024, up 11.6% year-on-year.   Containers are transported at Cat Lai Terminal in Ho Chi Minh City. Photo by VnExpress/Thanh Nguyen Notably, $4.26 billion worth of FDI flowed into Vietnam in September alone, the highest monthly figure this year, accounting for […]

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