Economy

Ha Giang Province improves lives

11:00 | 10/12/2022 Province

(VEN) - The northern mountainous province of Ha Giang is supporting 11 rural industrial enterprises with funding for advanced machinery and equipment in the production of varied consumer goods, including tea processing, handicrafts and garments.

Thanh Hoa Province boosts industrial growth

10:00 | 09/12/2022 Province

(VEN) - Industry promotion projects play a vital role in industrial and handicraft development in the northern central province of Thanh Hoa.

HCMC focuses on chip industry development

06:00 | 09/12/2022 Industry

(VEN) - Ho Chi Minh City’s Saigon Hi-Tech Park (SHTP) plans to focus on developing the semiconductor chip industry as its specialty.

Vietnamese goods increase foreign presence

06:00 | 06/12/2022 Trade

(VEN) - The volume of Vietnamese goods in the global trading system is on the rise, but their competitiveness remains weak. Vietnam Economic News’ Hoang Lan spoke about this issue with Deputy Director of the Ministry of Industry and Trade’s Domestic Market Department Le Viet Nga.

Industry-trade sector eases regulation

06:00 | 15/12/2022 Economy

(VEN) - A newly-published report reviewing conditions for business lines under the purview of the Ministry of Industry and Trade (MoIT) has found that amendments of recent years have ensured conformity and consistency.

Two 2023 growth scenarios for Vietnam

06:00 | 13/12/2022 Economy

(VEN) - A report by the National Center for Socioeconomic Information and Forecast (NCIF) shows that Vietnam outperformed other countries in the region in 2022 thanks to the rebound in consumer spending and strong export growth.

PM: Green economic development a top priority

06:00 | 12/12/2022 Economy

(VEN) - Vietnam is considered one of the five countries most affected by climate change, making the fight against climate change and green development a priority, said Prime Minister Pham Minh Chinh at the Green Economy Forum and Exhibition 2022 (GEFE 2022), held by the European Chamber of Commerce (EuroCham) on November 28 in Ho Chi Minh City.

Global supply chains: Risks and opportunities

06:00 | 02/12/2022 Trade

(VEN) - At a recent workshop on opportunities and challenges for global value chains (GVCs) held by the Ministry of Industry and Trade, domestic and foreign economists agreed that the COVID-19 pandemic has severely affected GVCs and at the same time created opportunities for them.

Accelerating year-end exports

06:00 | 01/12/2022 Trade

(VEN) - Many sectors of the Vietnamese economy achieved impressive export growth in the first three quarters of 2022 and fulfilled their annual export plans ahead of schedule, despite the complex global economic situation. However, signs have emerged of export slowdown in the fourth quarter.

Meeting Vietnam’s growing energy demand

14:32 | 30/11/2022 Energy

(VEN) - GE Hydro Solutions and Vietnam Electricity (EVN) have an acceptance test of the 240MW turbine at the hydraulic laboratory in Grenoble, France. This is the first important milestone in the expansion of Hoa Binh Hydropower Plant under the contract of GE Hydro Solutions and Vietnam Electricity (EVN) in early 2022.

Exporters urged to use int’l distributors

06:00 | 30/11/2022 Trade

(VEN) - International distributors are opening a world of opportunities for Vietnamese manufacturers and exporters, including new markets, improved consumer access and profitable revenue streams.

Most employees fear robot hacking but believe they should be used more in production

21:22 | 29/11/2022 Industry

A recent Kaspersky study on the consequences of automation and increased use of robots showed the growing level of robotization in companies but highlighted the increased number of cybersecurity risks this causes.

Southern provinces strive to reach targets

08:00 | 26/11/2022 Industry

(VEN) - Overcoming market difficulties and delayed capital allocation, 20 southern provinces and cities have been working hard to reach industry promotion targets.

Solution sought for gasoline price fluctuations

06:00 | 25/11/2022 Economy

(VEN) - Geopolitical fluctuations have been affecting the domestic petroleum market and confronting businesses with numerous difficulties.

Copenhagen Infrastructure Partners reaffirm commitment to Vietnam

13:25 | 24/11/2022 Industry

(VEN) - The world’s biggest green energy investors and developers from Denmark Copenhagen Infrastructure Partners (CIP) alongside Copenhagen Offshore Partners (COP) are strengthening their engagement to invest in long-term ventures in Vietnam, as demonstrated by a fresh visit of CIP’s senior partners to sites and offices in the country.

Global supply chain disruptions persist

06:00 | 23/11/2022 Trade

(VEN) - The COVID-19 pandemic created opportunities and challenges for the global supply chain. To ensure uninterrupted trade flows, countries need to take advantage of the new opportunities to overcome the challenges facing the global supply chain.

Vietnam’s economy continues significant recovery

06:00 | 21/11/2022 Economy

(VEN) - The Vietnamese economy continued recovering in the first 10 months of 2022 with inflation under control and major balances maintained, according to the Ministry of Planning and Investment.

Hanoi hosts international industrial fair

13:00 | 14/11/2022 Trade

(VEN) - The Hanoi International Exhibition of Key Industrial Products 2022 was held at the National Exhibition Construction Center in the capital city from October 27-29.

Ninh Binh eyes industrial zone push

15:00 | 11/11/2022 Industry

(VEN) - Vietnam Economic News’ Viet Nga & Hoang Lan spoke with Bui Quang Hung, Deputy Director of the Ninh Binh Province Department of Industry and Trade, about development of industrial zones (IZs) for small and medium-sized businesses.

Craft villages boost e-commerce

13:00 | 10/11/2022 Industry

(VEN) - E-commerce is helping craft village enterprises in their post-pandemic recovery, as well as in market expansion and competitiveness improvement.

Vietnam targets 6.5 percent 2023 growth

06:00 | 10/11/2022 Economy

(VEN) - Given the economic recovery in 2022, the Vietnamese Government has set a 6.5 percent target for gross domestic product (GDP) growth in 2023, paving the way for the country to fulfill its five-year socioeconomic development plan for the 2021-2025 period.

Trước Sau

Latest Most Read

Vietnam Manufacturing Expo & NEPCON Vietnam exhibition 2023 kick off

16:41 | 22/03/2023 Support industries

Reed Tradex Vietnam, the ASEAN's leading exhibition organizer announced the kick-start of Vietnam Manufacturing Expo (VME) & NEPCON Vietnam exhibition 2023.

Visa exemption means int'l tourists can visit Phu Quoc for up to 30 days

16:32 | 22/03/2023 Tourism

Phu Quoc Island is an ideal choice for travel and long-term relaxation, with a complete visa exemption policy for international visitors, a temporary stay of up to 30 days, a populous and rich nature, and impressive architecture.

Emirates unveils new signature livery for its fleet

16:14 | 22/03/2023 Companies

The distinctive livery of the world’s largest international airline, Emirates, has undergone a refresh.

Bamboo Airways to launch Viet Nam’s longest domestic air route from April

14:53 | 22/03/2023 Vietnamese Brands

On April 29, Bamboo Airways will launch an air service between the capital city of Ha Noi and the southernmost province of Ca Mau, making it the longest domestic route served by a local carrier.

Việt Nam carries out measures for healthy forests

10:30 | 22/03/2023 Environment

At a forum on the International Day of the Forest yesterday in Hà Nội, Phạm Hồng Lượng, chief of office of the General Department of Forestry, stressed the importance of raising awareness about the role of forests in human life to work together in forest protection and sustainable forest exploitation.

Xoan singing in Phu Tho Province

06:00 | 12/03/2023 Lifestyle

(VEN) - Xoan singing is an ancient art performed during the first two months of the lunar year and designated by the United Nations Educational, Scientific and Cultural Organization (UNESCO) as a valuable intangible cultural heritage of the northern Vietnamese province of Phu Tho. It is based on the Vietnamese practice of ancestor worship and dates back to the period of the 18 Hung kings who ruled northern Vietnam from 2879-258 BCE. However, some music researchers believe that Xoan singing emerged much later, during the Later Le Dynasty (1428-1789 AD), as the lyrics bear literary forms and styles of the period.

Fresh produce exports set to grow

06:00 | 10/03/2023 Major exports

(VEN) - The Vietnamese fruit and vegetable sector poised for promising year as exports rose 3.1 percent in January 2023.

Son La Dam’s powerful tourism potential

06:00 | 11/03/2023 Tourism

(VEN) - The area of the Son La hydropower reservoir, with its cultural features of the Thai, Tay and La Hu ethnic groups, is being awakened by tourism development to benefit local residents.

Ministry betters business environment

13:00 | 11/03/2023 Economy

(VEN) - The Ministry of Industry and Trade (MoIT) has implemented government resolutions on improving the business environment and enhancing national competitiveness.

Hanoi economy presents mixed picture

13:00 | 12/03/2023 Metropolis

(VEN) - Hanoi’s total retail sales of goods and services increased 18 percent in January compared with the same period last year. The capital has also identified 22 targets for socioeconomic development in 2023.

Multimedia

Video Longform Infographic Photo

Festivals in Sapa

10:05 | 22/03/2023 Entertainment

(VEN) - Sa Pa Town in the northern province of Lao Cai celebrates the 120th anniversary of its tourism this year with a series of special events, including a spectacular art program introducing the history of the Sa Pa national tourist area and its attractive and unique tourism products, as well as its targets in the future.

50th anniversary of Vietnam-Belgium diplomatic relations

07:00 | 22/03/2023 Infographic

Vietnam and Belgium have experienced a 50-year partnership marked by sound friendship and fruitful cooperation.

Amazingly beautiful Ninh Thuan

09:13 | 20/03/2023 Video

(VEN) - The south central coastal province of Ninh Thuan is renowned for its beautiful, pristine beaches and vast white salt fields. Visitors are recommended to travel to the province from April to June to enjoy their summer vacations, and from August to October when the grape-harvesting season falls and unique local festivals of the Cham people take place.

Tra fish exports hold promise after China reopens borders

07:00 | 20/03/2023 Infographic

Tra fish exports are expected to recover shortly with China gradually reopening its borders.

Lao Cai Province welcomes first Chinese tourists after three years

08:49 | 17/03/2023 Tourism

Eighty Chinese tourists entered Vietnam via the Lao Cai International Border Gate on March 15 afternoon, marking the return of Chinese travellers to the northern mountainous province of Lao Cai after a three-year hiatus caused by the COVID-19 pandemic.

Policy

Animal feed industry asks for import tax reduction on raw materials

09:55 | 20/03/2023 Policy

The Government has received a proposal from the Vietnam Feed Association to eliminate the import tax on soybean meal, currently set at 2%.

Over 250 petitions submitted to authorities on fragility of petroleum regulations

18:07 | 16/03/2023 Policy

The petitions concern the alteration of petroleum business restrictions in decrees No.83/2014/ND-CP and No.95/2021/NQ-CP, resulting in losses for retail establishments.

New legal documents in second half of February 2023

07:00 | 12/03/2023 Policy

VEN lists the latest legal documents issued by the Vietnamese Government, ministries and state agencies.

Companies allowed to make bond payments with other assets

07:00 | 09/03/2023 Policy

Companies shall be allowed to make bond payments with other assets, according to the Government's recently-released Decree 08/2023/ND-CP issued.

Industry & Trade

Vietnam Manufacturing Expo & NEPCON Vietnam exhibition 2023 kick off

16:41 | 22/03/2023 Support industries

Reed Tradex Vietnam, the ASEAN's leading exhibition organizer announced the kick-start of Vietnam Manufacturing Expo (VME) & NEPCON Vietnam exhibition 2023.

Offshore wind energy an essential base load power source: official

14:30 | 20/03/2023 Energy

Offshore wind energy has great potential to contribute to the energy security goals of Việt Nam, according to deputy head of the Party Central Committee's Economic Commission Nguyễn Đức Hiển.

Uncorking bottlenecks for support industry development

06:00 | 18/03/2023 Industry

(VEN) - Vietnam is mulling legislation to boost the low localization rate of its industrial production and means to modernize its support industries and increase their participation in the local and foreign value chain.

Da Nang greens textile-garment industry

13:00 | 17/03/2023 Energy

(VEN) - Textile and garment enterprises in the southcentral coastal city of Da Nang are seeking to green their production through the use of renewable energy, waste reduction and wastewater standardization.

Investment

US businesses exploring investment, business opportunities in Vietnam

10:01 | 21/03/2023 FDI

Representatives of more than 50 US companies will visit Vietnam from March 21-22 to discuss investment and business opportunities under an annual programme hosted by the US-ASEAN Business Council.

Da Nang hopes for further investment from RoK city

09:13 | 17/03/2023 FDI

Secretary of the Da Nang municipal Party Committee Nguyen Van Quang said he hopes that the city of Daegu in the Republic of Korea (RoK) will cooperate with the Vietnamese central city and invest more in its hi-tech sector, along with education, training and tourism.

Initiative speeds up investment disbursement

06:00 | 14/03/2023 Domestic investment

(VEN) - Prime Minister Pham Minh Chinh has asked ministries, sectors and localities to ensure the quality and effectiveness of public investment projects and achieve a higher disbursement rate in 2023.

Hanoi builds synchronous policies to draw foreign investment

07:25 | 11/03/2023 FDI

A conference linking hundreds of Hanoi and Singaporean enterprises was held in the capital city of Hanoi on March 7. The event was co-hosted by the municipal Department of Industry and Trade, the Vietnam Trade Office in Singapore, the Singapore Chinese Chamber of Commerce and Industry (SCCCI) and the Vietnam Chamber of Commerce and Industry (VCCI).

Finance-Banking

Vietnam seeks response to corporate tax overhaul

06:00 | 20/03/2023 Finance-Banking

(VEN) - All European Union states and many other countries will introduce a global minimum tax (GMT) of 15 percent on large corporations by the start of 2024, and Vietnam is being urged to devise appropriate policies and adapt to the new taxation.

Vietnam’s regulatory interest rates to be reduced by 0.5-1 percent

07:05 | 16/03/2023 Finance-Banking

The State Bank of Vietnam (SBV) on March 14 issued two decisions to reduce regulatory interest rates by 0.5% to 1%, which will come into force on March 15.

Global Minimum Tax a head-scratcher for Vietnamese policymakers

06:00 | 13/03/2023 Finance-Banking

As many countries plan to adopt the Global Minimum Tax Rate (GMTR) in 2024, experts are concerned that the entry into force of the rate would discourage foreign companies from locating their operations in low-tax countries.

Program seeks to solve business capital needs

13:00 | 10/03/2023 Finance-Banking

(VEN) - A series of commercial banks have moved to reduce lending interest rates in response to strong messages by the Government and the State Bank of Vietnam (SBV) about supporting the economy and business sector.

Environment

Việt Nam carries out measures for healthy forests

10:30 | 22/03/2023 Environment

COP28 President-Designate to co-chair Copenhagen climate ministerial meeting

09:46 | 22/03/2023 Environment

Dr. Sultan Al Jaber, COP28 President-Designate, will visit Copenhagen to co-chair the Copenhagen Climate Ministerial with His Excellency Sameh Shoukry, Minister of Foreign Affairs, COP27 President and Foreign Minister of the Arab Republic of Egypt.

Practical effective activities urged to mark World Water Day

10:03 | 20/03/2023 Environment

The Ministry of Natural Resources and Environment has asked other ministries, agencies, sectors, localities, and organisations to take practical and effective activities to mark the World Water Day (March 22), the World Meteorological Day (March 23), and the Earth Hour 2023 (March 25).

BKEET steams ahead with waste treatment

13:00 | 15/03/2023 Make in Vietnam

(VEN) - After research spanning 20 years, solid waste incinerators produced by the Bach Khoa Hanoi Energy and Environment Joint Stock Company (BKEET) are operating across the country.

Science - Technology

Science, technology, innovation promoted to support national development

06:00 | 22/03/2023 Science - Technology

Various measures will be rolled out from now to 2025 to fine tune science and technology organisations and perfect the legal foundation for state management of science, technology and innovation.

Vietnam introduces automated sorting system

13:00 | 20/03/2023 Make in Vietnam

(VEN) - The successful design, manufacturing and operation of an automatic goods sorting system has contributed to optimizing the production process and cutting the costs of logistics enterprises. Vietnam Economic News’ Quynh Nga interviewed Dr. Phan Dang Phong, Director of the National Research Institute of Mechanical Engineering (NARIME) under the Ministry of Industry and Trade (MoIT), about this technology.

Domestic ICT firms well-positioned to reach out to the world

06:00 | 20/03/2023 Science - Technology

Vietnam's information and communication technology (ICT) companies are well-positioned to make strong breakthroughs and reach out to the world in the near future, on the back of widespread Internet access, abundant workforce and support from authorities at all levels.

Innovation platforms boosting sustainable development announced