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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Foreign portfolio investors will return, drawn by lower interest rates in the U.S., and attractive valuations, investment fund VinaCapital said. Foreign investors have net sold VND66 trillion (US$2.6 billion) so far this year, as the high U.S. interest rates meant foreigners took their money out of frontier markets to deposit in banks there for risk-free […]

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The U.S. dollar slipped against the Vietnamese dong Friday morning while falling globally from the two-month highs it had reached the previous day.   U.S. dollar and Vietnamese dong banknotes seen at a bank in Ho Chi Minh City. Photo by VnExpress/Anh Tu  Vietcombank sold the dollar at VND25,020, down 0.04% from Thursday. The greenback […]

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The U.S. dollar strengthened against the Vietnamese dong and major peers on Wednesday morning.   An employee counts U.S. banknotes at a bank in Ho Chi Minh City. Photo by VnExpress/Thanh Tung The dollar is sold by Vietcombank at VND24,820, a 0.2% increase from Tuesday. It has risen against the dong by 1.64% since the […]

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There is an urgent need to increase power sources by 10-12% annually to meet current and future demands and achieve net-zero emissions by 2050.   Illustrative Photo The Government has called for a consolidated legal framework to increase power generation capacity, particularly through offshore wind power projects, the Government News reported. In an announcement released […]

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