Overseas remittances to HCM City hit 10-year high

Overseas remittances to Ho Chi Minh City in 2023 reached over 9.46 billion USD, marking a year-on-year increase of 43.3% and a record high in the last ten years.

Vietnamese company opens 50th store in Indonesia

Vietnam’s Mobile World Investment Corporation (MWG) opened the 50th store of EraBlue – its joint venture with Indonesia’s leading technology retail provider Erafone – in Tangerang, Indonesia on January 23.

Vietnam to join global tourism recovery trend this year: insiders

The global tourism market is set to fully recover from the COVID-19 pandemic in 2024, and Vietnam will not stand out from this trend, insiders have said.

PM orders overcoming aftermath of traffic accident in Da Nang

Prime Minister Pham Minh Chinh has asked relevant ministries, agencies, and localities to promptly overcome the aftermath of a serious traffic accident in the central city of Da Nang.

German President explores Temple of Literature in Hanoi

German President Frank-Walter Steinmeier and his spouse Elke Büdenbender visited the Temple of Literature, the first university in Vietnam, in the capital city of Hanoi on January 23.

Vietnamese, German Presidents hold talks

President Vo Van Thuong held talks with visiting German President Frank-Walter Steinmeier in Hanoi on January 23 following a welcome ceremony featuring a resounding 21-gun salute.

Top legislator meets with visiting German President

Vietnam always values and prioritises the development of relations with Germany, affirmed Chairman of the National Assembly (NA) Vuong Dinh Hue at his meeting with German President Frank-Walter Steinmeier in Hanoi on January 23.

Spouses of Vietnamese, German Presidents captivated by water puppetry

Phan Thi Thanh Tam, the spouse of President Vo Van Thuong and Elke Büdenbender, the spouse of the German President enjoyed a traditional water puppetry performance at Thang Long Water Puppet Theatre in Hanoi on January 23 afternoon.

PM’s Europe tour successful in multiple aspects: Foreign Minister

Prime Minister Pham Minh Chinh’s attendance in the 54th Annual Meeting of the World Economic Forum (WEF) in Davos and official visits to Hungary and Romania have reaped successes in multiple aspects, said Minister of Foreign Affairs Bui Thanh Son.

Foreign students enjoy Tet in Vietnam

The Nha Trang University in the central province of Khanh Hoa has held a wide range of activities to help foreign students experience the Lunar New Year (Tet) – the biggest festival in a year of the Vietnamese people.

German President arrives in Hanoi, beginning state visit to Vietnam

German President Frank-Walter Steinmeier and his spouse arrived in Hanoi on January 23 morning, starting their two-day state visit to Vietnam at the invitation of President Vo Van Thuong and his spouse.

First ever white book on women-owned SMEs in Vietnam launched

The Ministry of Planning and Investment (MPI) and the Asian Development Bank (ADB) on January 23 launched the first-ever study on women-owned small- and medium-sized enterprises (SMEs) in Vietnam.

Vietnam’s first homemade radar satellite to go into space

LOTUSat-1, Vietnam’s first ever indigenous weather satellite, is expected to be launched into orbit from December 2024 to February 2025.

New land law expected to help real estate sector to recover

The real estate market will not recover promptly as it will take more time for the new Land Law to be applied, according to experts.

Global banks high on GDP prospects

With a recovering economy in 2023, Vietnam has earned upbeat growth projections from international organisations for this year.

Local pharma giants reaping rewards with new strategies

While the shift to the hospital channel brought fruitful results for major pharma players in Vietnam in 2023, competition is forecast to heat up in the future.

Urban railways open up multi-billion dollar market to engineering companies

Reasonable policies on railway mechanical engineering localization could offer great opportunities to Vietnamese companies.

Foreign capital expected to return to Vietnam’s stock market

If the stock market is upgraded to emerging status, the potential influx of foreign capital could range between $5 and $8 billion.

Rare photos of Hanoi architecture revealed

The National Archives Center I will exhibit rare archival documents and photographs of the Grand Palais Hanoi, a significant piece of architecture that is now lost.

Made-in-Vietnam cartoon attracts children globally

Wolfoo, a YouTube children’s animated web series, which has reached more than 2 billion views a month, attracts children in the world after 7 years.

VIETNAM BUSINESS NEWS JANUARY 23/2024

Vietnam Report releases white book on Vietnamese economy in 2023

Digital transformation motivates Cao Bang’s tourism development

The "picture" of Cao Bang province's tourism digital transformation has many positive points, contributing to the development of the local tourism industry.

Tet delicacies: Irresistible specialties from Mekong Delta region

Towards the end of the lunar year, the dried food craft villages in the Mekong Delta become vibrant, working at maximum capacity to meet the demand for the Tet market.

Vietnam to build international financial center in HCM City

HCM City authorities are planning to submit to the Politburo a plan on developing Vietnam’s first international financial center in the city, according to HCM City Mayor Phan Van Mai.

Corporate bond market gradually recovers

Thanks to the government’s attempt to influence the economy plus decreasing bank interest rates, the corporate bond market has gradually recovered.