Economy

Industrial production forecast to exceed targets

06:00 | 06/10/2022 Industry

(VEN) - The Ministry of Industry and Trade (MoIT) has outlined scenarios for economic growth in the third and fourth quarters of 2022 and proposed major measures to achieve desired results.

Overcoming low export value challenge

06:00 | 05/10/2022 Trade

(VEN) - Vietnam’s import-export value in the first eight months of 2022 totaled US$499.71 billion. The sum included nearly US$252.6 billion worth of exports and US$247.11 billion worth of imports. Despite a trade surplus of US$5.49 billion, foreign trade activities still encounter certain problems.

Petrol prices down to lowest levels in a year

10:00 | 04/10/2022 Economy

Retail prices of oil and petrol dropped from 3pm on October 3 following the latest adjustment by the Ministry of Industry and Trade, and the Ministry of Finance.

Dim outlook for domestic auto component industry

09:44 | 30/09/2022 Industry

Vietnamese automotive component industry has a dim outlook for growth as it has lagged behind those in many other regional countries, according to the Ministry of Industry and Trade (MoIT).

Foreign trade value to exceed US$700 billion

06:00 | 12/10/2022 Trade

(VEN) - Given impressive growth in recent times, Vietnam’s foreign trade value in 2022 is expected to exceed US$700 billion. Tran Thanh Hai, Deputy Director of the Agency of Foreign Trade under the Ministry of Industry and Trade (MoIT), discussed these results with the media.

Why fuel price stabilization fund matters?

06:00 | 11/10/2022 Economy

(VEN) - Most members of the National Assembly (NA) Committee for Financial and Budgetary Affairs agree with the government’s proposal to maintain the petrol and oil price stabilization fund in order to regulate domestic fuel prices.

Inflation kept down at below four percent

06:00 | 10/10/2022 Economy

(VEN) - Given the inflation results of the first eight months and price changes during the final months of previous years, economists forecast Vietnam’s 2022 inflation rate will be about 3.3-3.8 percent, below the four percent target. However, inflationary pressures expected in 2023 require suitable control measures.

Khanh Hoa develops rural industrial products

13:00 | 28/09/2022 Industry

(VEN) - The south-central province of Khanh Hoa has held five events honoring outstanding rural industrial products over the past decade, awarding district-level and provincial-level recognition to 321 and 186 products, respectively. The products include handicraft and fine art articles, processed farm produce, forest products, seafood and foodstuffs and spare parts for mechanical machinery and equipment.

Needed: Combination of industry promotion, trade stimulation

09:00 | 27/09/2022 Industry

(VEN) - Combining industry promotion with stimulation of trade in rural industrial products is expected to give a major impetus to the development of rural industrial facilities.

Vietnam seeks access to global value chains

06:00 | 25/09/2022 Industry

(VEN) - Growing participation of Vietnamese supporting industry enterprises in the manufacturing chains of multinational companies is believed to be crucial for the country’s economic growth. However, while many Vietnamese enterprises have been improving their production capacity, the results have fallen short of expectations.

Ba Ria-Vung Tau honors rural products

06:00 | 24/09/2022 Industry

(VEN) - The quality of rural industrial products made in the southeastern province of Ba Ria-Vung Tau has improved greatly as a result of the emphasis placed on honoring their excellence, carving out a growing market niche. Ba Ria-Vung Tau was ranked among the country’s four top provinces in terms of the number of national-level outstanding rural industrial products in 2021 with seven products.

Progress on bird’s nest sales to China

06:00 | 21/09/2022 Trade

(VEN) - The Ministry of Agriculture and Rural Development (MARD) is seeking to speed up negotiations with China on the multimillion-dollar export of bird’s nest products, prized for their health-related properties and culinary value.

Export value up but sustainability needed

06:00 | 20/09/2022 Trade

(VEN) - Vietnam's trade in goods with foreign markets increased 2.7 times from US$203.6 billion in 2011 to US$545.3 billion in 2020, reaching US$668.5 billion in 2021 and US$371.17 billion in the first half of 2022, up 16.4 percent from the same period last year.

Quang Ninh’s Mong Cai City moves to develop renewable energy

18:03 | 19/09/2022 Industry

Mong Cai City, the northern province of Quang Ninh, is planning to develop renewable energy on Vinh Thuc and Vinh Trung islands in the near future.

Firms cautioned about potential trade measures

06:00 | 15/09/2022 Trade

(VEN) - Vietnamese firms are being urged to deal with trade defense measures being used by eight of the 11 signatories to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to protect domestic production (all except Singapore and Brunei).

Vietnam, Japan enhance support industry cooperation

06:00 | 07/09/2022 Industry

(VEN) - Japan’s Onaga company recently received an investment certificate for an aeronautical and automotive component manufacturing plant in the Hanoi Southern Support Industrial Park (HANSSIP). The plant is expected to be put into operation in 2023 and encourage Japanese enterprises to expand investment in Vietnam’s support industries.

Trade promotion, an effective export tool

06:00 | 06/09/2022 Trade

(VEN) - In the context of changing world and domestic markets, Vietnam’s flexible and effective trade promotion activities have contributed to stabilizing production and increasing exports.

Hydropower plant set to resume construction

13:00 | 05/09/2022 Industry

(VEN) - The expanded Hoa Binh Hydropower Plant has dealt with the landslides delaying the project and construction is expected to resume soon.

Overseas trade offices boost exports

13:00 | 03/09/2022 Trade

(VEN) - Prime Minister Pham Minh Chinh has praised Vietnam’s overseas trade offices for their positive role as a bridge between domestic companies and foreign markets, helping them promote trade and overcome difficulties.

Retailers roll out promotions for National Day

19:07 | 02/09/2022 Economy

Supermarkets, electronics stores and other retailers have announced a series of promotions for the upcoming National Day holidays.

WB: Vietnam GDP to grow 7.5 percent in 2022

12:00 | 02/09/2022 Economy

(VEN) - The World Bank (WB) forecast Vietnam will achieve gross domestic product (GDP) growth of 7.5 percent in 2022 despite unpredictable changes in the global economy and escalating inflation in many countries. This was good news for Vietnam on the occasion of its September 2 National Day celebration.

Trước Sau

Latest Most Read

Investment surges in Bac Ninh Province

13:00 | 01/04/2023 FDI

(VEN) - In February 2023, foreign direct investment (FDI) in Bac Ninh Province continued to soar, almost doubling the number of projects and tripling the registered capital. Various business promotion plans are expected to help the small province just east of Hanoi achieve breakthrough investment attraction throughout the year.

Vietnam wins 17 prizes at International Robothon 2023

06:00 | 01/04/2023 Science - Technology

The Vietnamese team won 17 prizes at the International Robothon 2023 held in Kuala Lumpur, Malaysia, on March 26.

Vietnam welcomes back Chinese tourists

06:00 | 01/04/2023 Tourism

(VEN) - China is piloting the second phase of group tours to Vietnam, which is expected to facilitate the recovery and development of bilateral tourism cooperation in the post-pandemic period.

National Tourism Year 2023 kicks off in Bình Thuận

06:00 | 01/04/2023 Tourism

The 'Bình Thuận-Green Convergence' themed programme seeks to drive green growth and promote tourism development through collaboration with other economic sectors for sustainable progress.

Hà Nội seeks support from World Heritage Centre in restoration of Kính Thiên Palace

06:00 | 01/04/2023 Culture

Hà Nội has received great attention and help from the United Nations Educational, Scientific and Cultural Organisation (UNESCO) in cultural conservation and development.

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.

Vietnam adopts high integration standards

06:00 | 25/03/2023 Companies

(VEN) - Given Vietnam’s increased integration into the global marketplace, domestic producers are being urged to meet standards beyond those expected of high-quality Vietnamese products.

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.

Understanding UK trade remedies

06:00 | 17/03/2023 Vietnam and other regions

(VEN) - The UK-Vietnam Free Trade Agreement (UKVFTA), which entered into force on 1 January 2021, has become a two-way highway promoting bilateral trade. However, increasing protectionism trends make it important for Vietnam and its business sector to understand UK regulations on trade remedies and dispute settlement.

Vietnam amends intellectual property law

06:00 | 24/03/2023 Vietnam and other regions

(VEN) - Vietnam’s newly amended Intellectual Property Law has gone into force, bringing the country in line with international best practices.

Multimedia

Video Longform Infographic Photo

ha no i seeks support from world heritage centre in restoration of ki nh thien palace

Hà Nội seeks support from World Heritage Centre in restoration of Kính Thiên Palace

06:00 | 01/04/2023 Culture

Hà Nội has received great attention and help from the United Nations Educational, Scientific and Cultural Organisation (UNESCO) in cultural conservation and development.

national tourism year 2023 kicks off in binh thuan

National Tourism Year 2023 kicks off in Bình Thuận

06:00 | 01/04/2023 Tourism

The 'Bình Thuận-Green Convergence' themed programme seeks to drive green growth and promote tourism development through collaboration with other economic sectors for sustainable progress.

Oscar dream

09:05 | 28/03/2023 Video

Witness the inspiring story of Vietnamese director Hà Lệ Diệm and her documentary 'Children of the Mist’. Despite facing several challenges, Diễm shot and edited the film in just four years with a borrowed camera and minimal training. Her incredible talent has earned her multiple prizes at international film festivals, and was even short-listed for the Oscars this year.

Vietnam remains world’s second-largest coffee exporter

08:55 | 28/03/2023 Infographic

Vietnam remained the second-largest coffee exporter in the world from February 2021 to January 2022, according to the International Coffee Organisation.

Ha Long Bay, Cu Chi Tunnels among ten adventurous tourism places in Southeast Asia

07:00 | 25/03/2023 Infographic

The travel magazine The Travel has listed Ha Long Bay in the northern coastal province of Quang Ninh and Cu Chi Tunnels in Ho Chi Minh City among the ten must-visit epic and adventurous places in Southeast Asia.

Policy

Vietnam objects to Taiwan’s live-fire drills in Ba Binh

19:10 | 31/03/2023 Policy

Vietnam resolutely opposes to and demands Taiwan (China) to cancel live-fire drills in the waters around Ba Binh (Itu Aba) belonging to Vietnam’s Truong Sa (Spratly), vice spokesperson of the Vietnamese Ministry of Foreign Affairs Pham Thu Hang said on March 31.

E-visa stay period may be extended to 90 days

18:09 | 27/03/2023 Policy

The Ministry of Public Security has recently proposed that e-visa holders might be able to stay in Viet Nam for up to 90 days instead of the current 30 days.

New legal documents in first half of March 2023

06:00 | 23/03/2023 Policy

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

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%.

Industry & Trade

HCM City to host international paper, coatings, rubber, and plastic expos

09:29 | 29/03/2023 Industry

Four international exhibitions, Paper Vietnam, Rubber and Tyre Vietnam, Coatings Expo Vietnam, and Plastech Vietnam, will be held in HCM City from June 14 to 16.

Bac Kan produce takes off

10:00 | 26/03/2023 Industry promotion

(VEN) - Efficient trade promotion has helped agricultural and unique products of the northern province of Bac Kan reach foreign markets, including the Czech Republic and Japan, among others.

Bac Giang develops rural industrial exports

07:00 | 25/03/2023 Industry promotion

(VEN) - The northern province of Bac Giang has become an industrial development center in recent years, with industry making a growing contribution to the provincial gross regional domestic product (GRDP). However, many rural industrial establishments in Bac Giang remain small-scaled and lack investment capital, equipment, machinery and technology, limiting production capacity, product quality, competitiveness, and domestic and foreign market expansion.

Ocean dialogue dicusses offshore renewable energy potential

09:53 | 24/03/2023 Energy

Offshore renewable energy was the centre of discussion at the 10th Ocean Dialogue in the central province of Khanh Hoa on March 23.

Investment

Investment surges in Bac Ninh Province

13:00 | 01/04/2023 FDI

Vietnam's retail market proves attractive for foreign investors

09:21 | 29/03/2023 FDI

Vietnam is becoming an attractive retail market for companies all over the world with many regional and global FDI investors recently announcing plans to increase capital and expand distribution networks here.

Asian investors increasingly keen on Vietnam

13:00 | 26/03/2023 FDI

(VEN) - Vietnam is considered a promising destination for investment from Asia, as evidenced by the increasing operations of multinational corporations.

India introduces pharmaceutical industry' opportunities to potential Vietnamese investors

19:54 | 23/03/2023 Vietnam and other regions

Invest India, the National Investment Promotion & Facilitation Agency, had networking hybrid meet in Ho Chi Minh City, introducing investment opportunities in Indian pharmaceutical industry to potential Vietnamese investors.

Finance-Banking

Decree 08, a magic wand for corporate bonds?

06:00 | 30/03/2023 Finance-Banking

(VEN) - Economists believe the newly issued government decree on the private issuance of corporate bonds will have a positive impact on the corporate bond market.

Foreign investors expand consumer finance business in Vietnam

09:08 | 29/03/2023 Finance-Banking

Large foreign financial groups have actively penetrated the Vietnamese consumer finance market, which has significantly helped accelerate the digitalisation of the country’s financial services.

Stock market violations to face stricter sanctions

07:10 | 26/03/2023 Stock Market

The State Securities Commission (SSC) will review the Law on Securities and related decrees to complete the legal framework, and strengthen sanctions for violations to protect the legitimate rights and interests of investors.

Vietnam to develop policies to adapt to global minimum tax

07:05 | 23/03/2023 Finance-Banking

Vietnam will adjust investment policies to adapt to the global minimum tax rate and remain an attractive destination for investment.

Environment

COP28 President-Designate to speak at Berlin Energy Transition Dialogue Conference

16:21 | 29/03/2023 Environment

Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and COP28 President-Designate, will visit Berlin to give a keynote speech at the Berlin Energy Transition Dialogue Conference 2023 (BETD) and meet with senior leaders and ministers from across the world. During the BETD, Dr. Al Jaber will repeat his call for governments, the private sector and civil society to work together for swift and ambitious action to reduce global emissions and progress the energy transition.

Turning coffee grounds into energy

13:00 | 27/03/2023 Environment

(VEN) - Turning coffee grounds into biomass energy has helped the Nestlé Vietnam Co., Ltd save VND40-50 billion a year.

Vietnam saves 298,000 kWh during Earth Hour 2023

10:48 | 27/03/2023 Environment

With lights turned off for one hour starting 8:30 pm on March 25 in response to the 2023 Earth Hour campaign, Vietnam saved 298,000 kWh of electricity equivalent to about 555.6 million VND (23,617 USD), according to the Vietnam Electricity (EVN)’s National Load Dispatch Center.

The value of wood scraps for business

13:00 | 25/03/2023 Environment

(VEN) - Reusing scraps derived from most stages of wood exploitation and processing will increase business profits by two to three percent.

Science - Technology

Vietnam wins 17 prizes at International Robothon 2023

06:00 | 01/04/2023 Science - Technology

The Vietnamese team won 17 prizes at the International Robothon 2023 held in Kuala Lumpur, Malaysia, on March 26.

Vietnam, US cultivate sci-tech, innovation cooperation

06:00 | 30/03/2023 Science - Technology

Vietnamese Deputy Minister of Science and Technology Bui The Duy held a working session in Hanoi on March 23 with a business delegation of the US-ASEAN Business Council (USABC) led by the council's President and CEO Ted Osius who were on a working visit to Vietnam from March 21-23.

A321neo: Breakthrough technology saves fuel consumption up to 20%

15:37 | 29/03/2023 Science - Technology

A321neo: Breakthrough technology saves fuel consumption up to 20%

AI to fuel development of modern agriculture workshop

10:19 | 28/03/2023 Science - Technology

Artificial intelligence (AI) has an important role to play in the development of modern and sustainable agriculture as it will help with farm automation and optimisation, from weather forecasting, plant and livestock health monitoring to product quality improvement, heard a workshop in Hanoi on March 23.