Economy

M&A 2023 prospects looking up

06:00 | 07/02/2023 Economy

Although the market for mergers and acquisitions (M&A) in Vietnam decelerated in 2022, many economists are looking ahead to plentiful prospects for 2023.

Expressions of trust in Vietnam’s business environment

06:00 | 06/02/2023 Domestic market

(VEN) - Representatives of foreign organizations and diplomatic missions praise the Vietnamese Government’s efforts to promote economic recovery and development in 2022 and expect Vietnam will continue bouncing back in 2023.

Trade surplus with America exceeds US$100 billion

07:00 | 04/02/2023 Economy

Viet Nam enjoyed a trade surplus of US$100 billion with the Americas for the first time in 2022, according to the Ministry of Industry and Trade (MoIT).

Seeking driving force for 2023 economic growth

06:00 | 01/02/2023 Economy

(VEN) - On the threshold of the New Year, economist Dr. Nguyen Dinh Cung, former director of the Central Institute for Economic Management, sums up the Vietnamese economy’s 2022 results and provides his forecast for 2023 growth.

More Vietnamese farm products exported to Europe

11:30 | 15/02/2023 Economy

The central province of Quang Tri shipped its first batch of 15 tons of organic rice at a price of US$1,800 per ton to the European Union (EU) on February 13.

PM holds roundtable discussion with Brunei energy, oil and gas firms

09:00 | 12/02/2023 Vietnam and ASEAN

Prime Minister Pham Minh Chinh held a roundtable discussion with Brunei energy and oil and gas enterprises in Bandar Seri Begawan capital on February 11, as part of his ongoing visit to Brunei.

PM urges focus on investment, export and consumption

06:00 | 10/02/2023 Policy

(VEN) - Industrial production recovered across the board throughout Vietnam last year, with processing and manufacturing growing at a rate of 8.1 percent, according to a report presented at a recent conference organized by the Ministry of Industry and Trade (MoIT) and attended by Prime Minister Pham Minh Chinh.

Intertwined opportunities, challenges for Vietnam’s economy in 2023

07:00 | 30/01/2023 Economy

With certain headwinds predicted for the global economy in 2023, Vietnam too, faces considerable challenges. But opportunities are also significant if concerted and appropriate solutions are taken, an expert has said.

Industry and trade sector drives development

06:00 | 22/01/2023 Economy

(VEN) - Minister of Industry and Trade Nguyen Hong Dien, a member of the Central Committee of the Communist Party of Vietnam, spoke with Vietnam Economic News about the 2022 industry and trade sector achievements and its 2023 plans.

The right direction for Lam Dong to break through into the global supply chain

08:58 | 10/01/2023 Economy

(VEN) - Lam Dong Province has many breakthrough solutions to develop comprehensive, sustainable and modern agriculture. Vietnam Economic News’ Diep Hien spoke with Dr. Pham S, Vice Chair of Lam Dong Province People's Committee about this issue.

Nghe An Province increases local content of industrial products

06:00 | 06/01/2023 Province

(VEN) - Nghe An is one of the chosen destinations of large international investors shifting their supply chains to Vietnam, providing businesses in the north-central province with access to new opportunities for support industry development.

Review of one-year implementation of Resolution No. 128

09:05 | 05/01/2023 Longform

From a country with lowest recovery index, Vietnam has re-emerged as one of the fastest growing economy in the world after one-year implementation of the Government's Resolution No. 128.

Vietnam records best-ever performance in digital economic development

16:51 | 03/01/2023 Digitalization

Vietnam is viewed as a country with high potential for fast digital economic development and digital transformation trend across all fields.

Vietnam looks to market forces to boost growth

06:00 | 02/01/2023 Economy

(VEN) - How will Vietnam achieve its 2023 National Assembly target of 6.5 percent growth? Vietnam Economic News’ Nguyen Hoa put the question to Dr. Nguyen Quoc Viet, Deputy Director of the Vietnam Institute for Economic and Policy Research (VEPR).

The path to fostering green exports

06:00 | 30/12/2022 Trade

(VEN) - Data from the recent Vietnam Export Promotion Forum 2022 organized by the Ministry of Industry and Trade and the European Chamber of Commerce (EuroCham) in Vietnam show that businesses in various sectors have renewed production to meet green manufacturing standards for exports, enhancing the competitiveness of Vietnamese goods in the international market.

Mastercard Economics Institute: Economic Outlook 2023

11:04 | 27/12/2022 Economy

The Mastercard Economics Institute yesterday released their annual forecast for the coming year which shows how a new multi-speed global economy will impact growth and consumer spending behavior.

Ba Vi, the place to buy Hanoi specialties

15:00 | 26/12/2022 Metropolis

(VEN) - Nguyen The Hiep, Deputy Director of the Hanoi Department of Industry and Trade said the capital’s suburban district of Ba Vi has formed organic and safe agricultural production areas, and registered brands for its products. These include Ba Vi milk and tea, Minh Hong vermicelli, Dong Thai sweet potato, and Ba Vi hill chicken, among others. The district has developed 138 OCOP (one commune one product) products.

Rural products fall short of potential

10:00 | 24/12/2022 Industry promotion

(VEN) - Outstanding rural industrial products have been honored for 10 years throughout Vietnam, boosting rural industrial development. However, several problems need to be addressed to improve the products’ promotion.

Mitsubishi Power to upgrade two gas turbines at Tuas Power

09:45 | 20/12/2022 Energy

(VEN) - Introduction of the latest technologies for two M701F gas turbines will help enhance plant’s output and generating efficiency; Upgrade of two 360MW GTCC power plants can cut CO2 emissions by 16.9 kilo-tonnes annually, with work scheduled for completion in 2023.

Trade deals: The good, bad and unpredictable

06:00 | 20/12/2022 Trade

(VEN) - Free Trade Agreements (FTAs) provide ample opportunities for trade. However, since many countries are constantly changing their policies with the aim of sustainable growth, businesses need to be more innovative to effectively penetrate these markets.

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.

Trước Sau

Latest Most Read

Amway Vietnam honored Top Industry 4.0 Vietnam - I4.0 Awards

09:41 | 01/06/2023 Companies

Amway Vietnam – a global brand in the field of health and beauty care was honored to receive the Top Industry 4.0 Vietnam - I4.0 Awards in the Science, Technology and Innovation Enterprise category.

Vietnamese firms participate in biggest food exhibition in RoK

09:09 | 01/06/2023 News and Events

More than 30 Vietnamese businesses are showcasing their products at a food exhibition in the Republic of Korea (RoK), which opened on May 30.

Favourable visa policy urged to draw foreign tourists to Việt Nam

06:00 | 01/06/2023 Tourism

Last year, Việt Nam welcomed more than 3.66 million foreign visitors or 73 per cent of the target.

Ample room remains for Vietnamese exports to Africa

06:00 | 01/06/2023 Foreign trade

There remains an ample room for Vietnamese exports to Africa, as the country accounts for only 0.6 per cent of the continent's total import of US$600 billion per year, according to the Ministry of Industry and Trade, given opportunities brought about by the African Continental Free Trade Area (AfCFTA) agreement.

FDI enterprises urge investment environment improvement

06:00 | 01/06/2023 FDI

(VEN) - At an April-22 in-person meeting between Prime Minister Pham Minh Chinh and foreign investors, business and association representatives suggested that Vietnam further improve its investment environment.

Central bank eases credit crunch, boosts growth

06:00 | 22/05/2023 Finance-Banking

(VEN) - The banking sector has adopted a series of mechanisms and policies in recent months to help businesses and customers restructure debt repayment and shore up the local bond market.

Hanoi accelerates public investment disbursement

14:00 | 18/05/2023 Investment

(VEN) - Hanoi has 238 ongoing public investment projects, with key works of the 2021-2025 period maintaining their set schedules.

Vietnam’s R&D thrives

06:00 | 18/05/2023 Science - Technology

(VEN) - The successful application of scientific research results in the field of mechanical manufacturing has affirmed the capacity and role of science and technology (S&T) organizations in integration and development.

Vegetable, fruit exports: A sweet and sour challenge

06:00 | 20/05/2023 Vietnam and EU

(VEN) - Increasing world demand and the advantages of Vietnamese fruits and vegetables create vast potential for exports. However, stringent requirements of international market, especially regarding origin traceability and food safety, are confronting growers and exporters with majorThe 50th biggest fruit and vegetable exporter to the EU challenges.

New difficulties for textile, garment exports to Canada

06:00 | 21/05/2023 Vietnam and other regions

(VEN) - Canada will eliminate all remaining import duties on Vietnamese textile and garment products this year in accordance with the Pacific Rim trade deal, but the benefits could be offset by other challenges.

Multimedia

Video Longform Infographic Photo

favourable visa policy urged to draw foreign tourists to viet nam

Favourable visa policy urged to draw foreign tourists to Việt Nam

06:00 | 01/06/2023 Tourism

Last year, Việt Nam welcomed more than 3.66 million foreign visitors or 73 per cent of the target.

viet nam received 46 million foreign visitors in first five months over half the years target

Việt Nam received 4.6 million foreign visitors in first five months, over half the year’s target

14:38 | 30/05/2023 Tourism

Việt Nam sets sight on eight million foreign tourists this year, but the target was made before China officially announced its reopening in early February and reallowed sending group tours to Việt Nam in mid-March.

International festival provides platform to young musicians

06:00 | 30/05/2023 Lifestyle

Monsoon' festival, one of the most anticipated music events in Việt Nam, will be held in Hà Nội from October 14 to 22. The festival founder and director, Quốc Trung, discusses the festival's return after a three-year hiatus.

bat trang ancient pottery exhibited at viet nam national museum of history

Bát Tràng ancient pottery exhibited at Việt Nam National Museum of History

06:00 | 28/05/2023 Lifestyle

A unique collection of Bát Tràng pottery artefacts dating from the 14th to the 20th century are being introduced to the public at the Việt Nam National Museum of History.

Domestic audiences experience European cinema at film festival

09:05 | 26/05/2023 Lifestyle

They include multiple award-winning entries set across a range of spatial-temporal contexts.

Policy

Deputy PM urges acceleration of electricity licensing for finished wind, solar power projects

10:06 | 25/05/2023 Policy

Deputy Prime Minister Tran Hong Ha has requested the Ministry of Industry and Trade to accelerate the process of issuing electricity licenses for wind and solar power projects that have been completed but have not yet been put into operation.

Specific mechanisms, policies needed to drive HCM City’s growth

06:02 | 20/05/2023 Policy

Ho Chi Minh City needs to be supported by specific mechanisms and policies that are strong enough to remove bottlenecks faced by the city and enable it to create breakthrough developments, experts said.

PM approves National Power Development Plan VIII

14:20 | 17/05/2023 Policy

Prime Minister Phạm Minh Chính has approved the National Power Development Plan VIII, which guides the development of power plants and power grids between 2021 and 2030.

Chip-based passports can be provided online, sent via post

07:00 | 13/05/2023 Policy

The Government’s National Public Service Portal has by now integrated services to facilitate people in issuing new and exchanging chip-based passports, and receiving them via post.

Industry & Trade

Việt Nam has major opportunities to engage in global Halal industry Deputy minister

06:00 | 31/05/2023 Industry

Deputy Minister of Foreign Affairs Phạm Quang Hiệu speaks to the media about strengthening international cooperation to develop the Halal industry in Việt Nam.

Cut on automobile registration fees to facilitate auto industry

14:33 | 30/05/2023 Industry

The Ministry of Industry and Trade supporting the reduction of automobile registration fees is considered a positive effect to the auto industry in the context of the automobile market facing many difficulties.

Suitable solutions needed for each sector

06:00 | 30/05/2023 Industry

(VEN) - Most industrial production sectors are facing difficulties; therefore, experts say, suitable solutions for different sectors are needed in order to solve the problems.

Fertiliser businesses see profit drop on ailing selling prices and rising costs

15:27 | 26/05/2023 Industry

Falling selling prices and rising costs have caused the profits of most fertiliser businesses to plunge, after recording high profits in the previous few years.

Investment

FDI enterprises urge investment environment improvement

06:00 | 01/06/2023 FDI

Vietnam's five-month FDI rises sharply nationwide

13:03 | 29/05/2023 FDI

The total inflows of foreign investment in Vietnam this year to May 20, including new and added investment and contributions for share purchases by foreign investors, reached nearly 10.86 billion USD, down 7.3% year-on-year, but up 10.6 percentage points as compared with the figure in the first four months of this year, the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment reported.

Binh Phuoc’s potential introduced to Australian partners

10:13 | 26/05/2023 Investment

A seminar was held in Sydney on May 24 to introduce and popularise new investment opportunities in Binh Phuoc, a southern Vietnamese province of great potential, on the occasion of the 50th anniversary of Vietnam-Australia diplomatic ties.

Da Nang calls for investment in 10 logistics centre projects

14:57 | 23/05/2023 Investment

The People's Committee of central Da Nang City has announced a list of logistics projects calling for investment in the period until 2030.

Finance-Banking

Dozens of commercial banks cut savings interest rates

09:31 | 30/05/2023 Finance-Banking

Dozens of commercial banks have simultaneously decided to reduce deposit interest rates from May 25, after the State Bank's decision to cut policy interest rates.

Central bank continues to reduce policy interest rates

06:12 | 27/05/2023 Finance-Banking

The State Bank of Vietnam (SBV) has announced two decisions to further reduce policy interest rates, which will become effective from May 25, 2023.

Nearly 2.3 billion USD in state capital saved in 2022: Gov't report

06:09 | 25/05/2023 Finance-Banking

Almost 53.9 trillion VND (2.29 billion USD) in state capital was saved in 2022 as reported by ministries, sectors, and localities, according to the Government.

Central bank eases credit crunch, boosts growth

06:00 | 22/05/2023 Finance-Banking

(VEN) - The banking sector has adopted a series of mechanisms and policies in recent months to help businesses and customers restructure debt repayment and shore up the local bond market.

Environment

PM urges stronger wildfire prevention measures amid strong heatwaves

06:00 | 28/05/2023 Environment

Prime Minister Phạm Minh Chính has urged stepping up wildfire prevention measures as heatwaves are scorching many localities nationwide, increasing the risk of wildfires.

Vietnam targets development of green, plastic waste-free tourism

06:00 | 28/05/2023 Environment

Vietnam is considered one of the largest contributors to marine plastic pollution globally, with the volume of plastic waste discharged into the sea ranging from 0.28 to 0.73 million tonnes a year, of which a big part comes from tourism activities.

Đồng Nai afforestation programme kicks off

06:00 | 27/05/2023 Environment

NGO Gaia Nature Conservation Center on Monday kicked off its annual afforestation programme at the Đồng Nai Culture and Nature Reserve to mark International Day for Biological Diversity.

New task force promotes innovation and financing for plastic waste reduction

14:30 | 26/05/2023 Environment

The Việt Nam National Plastic Action Partnership (NPAP) has launched a new task force to promote innovation and catalyse investment in effective solutions for reducing plastic waste and pollution in Việt Nam.

Science - Technology

Over 77,000 computers in Vietnam suffer data encryption in 7 months Bkav

16:29 | 30/05/2023 Science - Technology

More than 77,000 computers in Vietnam have suffered data encryption since December 2022, according to Bkav – a leading Vietnamese technology corporation that specialises in cyber security and software.

Hanoi hosts Vietnam - Asia DX Summit 2023

16:15 | 26/05/2023 Science - Technology

Deputy Prime Minister Tran Hong Ha chaired the opening session of the Vietnam - Asia DX Summit 2023 themed “Driving economic growth enabled by digital data mining and smart connectivity” in Hanoi on May 24.

Hanoi Transerco applies technology to improve public bus services

16:06 | 26/05/2023 Science - Technology

The application of technologies in managing and operation activities has been among prioritised solutions that the Hanoi Transportation Corporation (Transerco) has rolled out to improve the quality of its public bus services over the past years.

Hanoi aims to be national hub of technology transfer, development

15:59 | 26/05/2023 Science - Technology

Hanoi stands ready to coordinate with the Ministry of Science and Technology to pilot policies on innovation and science and technology development, thus turning the capital city into a hub of science, technology and innovation in the country, Vice Secretary of the municipal Party Committee Nguyen Van Phong has stated.

Society

New Zealand provides 40 full micro-credentials scholarships for Vietnamese learners

16:23 | 26/05/2023 Society

Following the success of the Micro-credentials Scholarship program in 2022, Education New Zealand (ENZ) announced 40 full scholarships exclusively for Vietnamese learners in 2023, with a total value of more than half a billion dong.

Mong Cai city imports electricity from China’s Dongxing

10:37 | 25/05/2023 Energy

The Mong Cai (Vietnam) - Dongxing (China) 110kV transmission line was completed and put into operation at 6 am on May 22, adding power supply to Mong Cai city in the northeastern province of Quang Ninh, according to the Mong Cai City Electricity.

Seminar discusses orientations for rapid and sustainable national development

07:15 | 22/05/2023 Society

Participants at a seminar in Hanoi on May 16 discussed three pillars of the nation’s rapid and sustainable development.

M&A to pick up in property market

07:00 | 19/05/2023 Property

HÀ NỘI — Domestic property developers are looking to sell assets and shares to deal with debts, restructure, maintain cash flow and keep operations going, according to industry experts.

Vietnamese Brands

• Tripadvisor highlights the sole hotel in Da Nang in the prestigious Travelers' Choice Best of the Best award

09:30 | 28/05/2023 Vietnamese Brands

Millions of travelers from around the world have voted Premier Village Danang Resort - a masterpiece by Sun Group on the shores of the East Sea - as one of the top 10 family-friendly hotels in Asia 2023 on Tripadvisor.

Pfizer Vietnam, VNVC sign MoU to protect public health

09:00 | 26/05/2023 Vietnamese Brands

Pfizer (Vietnam) Limited Company and Vietnam Vaccine Joint Stock Company (VNVC) on Wednesday (May 24) signed a memorandum of understanding (MoU) to partner on protecting public health by increasing the rate of proactive prevention of dangerous infections in the period of 2023-25.

Vietjet offers 50% discount on SkyBoss Business tickets