A decree, issued on October 22, offers incentives to facilitate self-produced rooftop solar power for self-use.   The Government has issued a decree on mechanisms and policies encouraging the development of self-produced rooftop solar power for self-use. Decree No. 135/2024/ND-CP, dated October 22, 2024,  encourages the development of rooftop solar power generated at buildings, industrial […]

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Many international leading banks have recently raised their forecast for Vietnam’s gross domestic product (GDP) growth this year, following data on the country’s higher-than-expected economic expansion in the third quarter.     A woman is seen shopping at a supermarket in Vietnam. Photo: Quang Dinh / Tuoi Tre  On the back of strong exports, industrial production, and […]

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The three-day Green Economy Forum & Exhibition 2024 opened on October 21 in Ho Chi Minh City and united global leaders, businesses, and policymakers to drive sustainable growth and strengthen EU-Vietnam collaboration on green initiatives.   Opening ceremony for the Green Economy Forum & Exhibition (GEFE) 2024. The Green Economy Forum & Exhibition (GEFE) 2024 […]

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The reception takes place as part of PM Pham Minh Chinh’s working trip to Russia to attend the expanded BRICS Summit.   Prime Minister Pham Minh Chinh (R) and General Director of Russsia’s Zarubezhneft JSC Kudryashov Sergei Ivanovich during their meeting in Kazan on October 23. (Photo: VNA) Prime Minister Pham Minh Chinh received General […]

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Vietnam’s trade performance will reach targets set for 2024 if existing trends continue over the remainder of the year.   The General Statistics Office (GSO) has reported that total import-export turnover in September stood at $65.81 billion, an 8 per cent decline against August but a 10.9 per cent increase compared to September 2023. Total […]

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Vietnam’s economy is expected to be worth US$500 billion next year to rank fourth largest in Southeast Asia, Prime Minister Pham Minh Chinh has said. It grew from $346 billion in 2020 to $433 billion last year, and the GDP is set to expand by 7% this year, exceeding lawmakers’ target of 6.5%, he said […]

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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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