Vietnam’s exports to the U.S. surged 24.4% year-on-year to $66.09 billion in the first seven months, the highest growth rate among its export markets.   Tan Vu Port in Hai Phong City. Photo by VnExpress/Giang Huy  In the seven-month period, American buyers spent a monthly average of close to $9.6 billion on purchasing goods from […]

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The finance ministry has suggested lowering the corporate income tax rate from 20% to 15-17% for micro and small enterprises with annual revenues of less than VND50 billion (US$1.99 million).   An employee counts Vietnamese banknotes at a bank in Hanoi. Photo by VnExpress/Giang Huy  The tax cut, included in the draft Law on Corporate Income […]

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Vietnam exported 964,000 tonnes of coffee in the first 7 months of 2024, worth nearly US$3.54 billion, down 13.8% in volume but up 30.9% in value compared to the same period last year.   A farmer harvests coffee in the Central Highlands province of Gia Lai. Photo by VnExpress/Duc Hoa The Agency of Foreign Trade […]

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Imported cars increased their share of the auto market by 7.9 percentage points from a year earlier to a full 50% in the first half of 2024. Locally produced or assembled vehicles usually outsell imported ones as they are not only more readily available but also cheaper due to faster shipping and the government’s support […]

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Nearly VND800 billion (US$31.6 million) worth of goods were sold every day on the top five e-commerce platforms in the first half of this year. Sales on Shopee, Lazada, Tiki, Sendo, and Tiktok Shop totaled VND143.9 trillion, a 54.91% rise from a year ago, according to a report by e-commerce data tracker Metric. TikTok Shop […]

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The State Securities Commission of Vietnam has proposed eliminating the current regulation that requires foreign institutional investors to deposit 100 percent of the transaction value before trading stocks in Vietnam.     Vietnam is attempting to have its stock market upgraded. Photo: Quang Dinh / Tuoi Tre  If foreign investors fail to make full payments, […]

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The six leading economies in Southeast Asia, including Vietnam, the Philippines, Indonesia, Malaysia, Thailand, and Singapore, are projected to grow at an average annual rate of 5.1% over the next decade.   Workers seen at a steel factory in central Quang Ngai Province. Photo by VnExpress/Giang Huy  This projection was released in a report on […]

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Industrial production showing signs of recovery.   Ho Chi Minh City posted positive economic growth in many indicators in the first seven months of the year, the municipal authorities reported at a meeting held on August 1 to review the city’s socio-economic situation in Jan-July period. The city’s industrial production showed signs of recovery in […]

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India’s Adani Group has proposed an investment of nearly $5 billion to build Lien Chieu port in central Da Nang city and a thermal power project in south-central Binh Thuan province.   Minister of Planning and Investment Nguyen Chi Dung meeting with Adani Group representatives in New Delhi on the ocassion of PM Pham Minh […]

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The U.S. dollar gained slightly against the Vietnamese dong Thursday morning.   A person counts U.S. dollars at a bank in Ho Chi Minh City. Photo by VnExpress/Thanh Tung Vietcombank sold the greenback at VND25,478, 0.004% higher from Wednesday.   The State Bank of Vietnam also raised its rate by 0.004% to VND24,265. Unofficial exchange […]

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