Vietnam Business News November 11/2024

Public investment disbursement reaches 52.2% in ten months

Vietnam positions itself as a key player in the global semiconductor boom

Vietnam’s semiconductor industry is gaining momentum, drawing interest from global firms looking to diversify their supply chains and access a skilled workforce.

Vietnam News Headlines November 11/2024

Vietnamese artist joins diplomatic art exhibition in Moscow

State Bank Governor warns: gold investment carries high risk, potential for loss

Speaking at a National Assembly session, Governor of the State Bank of Vietnam Nguyen Thi Hong addressed concerns over Vietnam’s gold market, warning investors of the high-risk nature of gold trading.

HCM City aims to become ASEAN healthcare hub by 2030

Ho Chi Minh City strives to have 23 doctors, 40 nurses and 42 hospital beds per 10,000 residents by 2030.

Flexible solutions crucial to develop carbon credit market: experts

Vietnam needs to establish a specific roadmap for the transition to green energy as well as design and manage the emissions trading system toward the official operation of the carbon market in 2028, according to experts.

Vietnam draws new wave of high-value investments: Savills

Vietnam’s industrial and digital sectors are experiencing a strong growth, fueled by a surge in foreign direct investment (FDI) inflows, large-scale infrastructure projects, and a favourable legal environment, according to Savills Vietnam.

Vietnam’s e-commerce sector grows 18%

Vietnam’s e-commerce market is estimated at 22 billion USD this year, ranking third in Southeast Asia behind Indonesia (65 billion USD) and Thailand (26 billion USD).

Steady FDI growth drives Vietnam industrial real estate: Savills

Steady annual growth in FDI is a key driver of industrial real estate in Vietnam, according to Savills’ Asia Pacific Investment Quarterly report for the third quarter of the year.

Vietnam needs suitable legal policies to bring IT brands to the world: Insiders

In the span of two decades, Vietnam has emerged as a formidable player in the global software and IT service industry, boasting giants such as Viettel, FPT, CMC, and VMO since the launch of the "Go-global" movement.

Vietnam emerges as key production hub for SpaceX's starlink components

Driven by SpaceX’s demand for resilient supply chains, Vietnamese factories are now producing crucial components for Elon Musk's Starlink satellite internet project.

VinaCapital: Trump’s election should have little impact on Vietnam

Vietnam should fare reasonably well under the next Trump administration, according to investment management firm VinaCapital.

Japanese Kento wins Trang An Marathon, setting new course record

Kabashima Kento won and set new course record in the fourth Trang An Marathon - Footstrike From The Heritage on November 10 in Ninh Biinh province.

Vietnam secures first place at 15th world bodybuilding championships

Bagging 10 gold medals, Vietnam secured the first place on the overall medal tally at the 15th World Bodybuilding and Physique Sports Championships, which took place in the Maldives from November 8-11.

Innovative eel farmer in Can Tho profits from mud-free rearing of 20,000 eels

Nguyen Van Phuong, a farmer from Can Tho, raises over 20,000 eels in cement tanks, turning a unique farming technique into a steady income stream.

VN coffee sector breaks export records, awaits EU’s $48 billion market decision

Vietnamese coffee has achieved remarkable export figures and record prices in 2024, now awaiting the EU’s pivotal decision on its Anti-Deforestation Regulation, expected to impact market dynamics.

Public artwork at Hanoi metro station celebrates Vietnam-France friendship

A new ceramic artwork at Hanoi’s Nhon metro line station celebrates the city’s history, inspired by the clanging trams of early 20th-century Hanoi and created as a unique gift from the French Development Agency.

Two Hanoi metro lines now operational, serve millions and cut congestion

With both Nhon - Hanoi and Cat Linh - Ha Dong metro lines now in service, Hanoi’s public transit system is seeing substantial uptake and easing pressure on roadways.

Prime Minister: VN can achieve double-digit growth with institutional reforms

Vietnam could achieve double-digit economic growth by eliminating institutional barriers and mobilizing social resources, Prime Minister Pham Minh Chinh asserted at the October Government meeting.

Criminal case exposes alleged financial misconduct at SJC gold monopoly

A high-profile investigation involving Saigon Jewelry Company (SJC) is unfolding, with six suspects facing allegations of corruption and abuse of power in their handling of state-directed gold price stabilization.

Korean media highlights controversial Yoga poses by Vietnamese tourist

South Korean news outlets have widely reported on a Vietnamese tourist who performed yoga in front of Seoul’s Gyeongbokgung Palace, igniting public backlash over cultural sensitivity.

Vietnam Airlines eyes comprehensive plan for recovery amid intense competition

Vietnam Airlines Chairman Dang Ngoc Hoa warned of mounting global competition, emphasizing that swift adaptability, rather than size, will determine survival in the airline industry.

Vietnam shuts down pirated streaming giant Fmovies, charges site operators

Two men in Hanoi have been charged with copyright infringement for running Fmovies, a pirated streaming site with nearly 50,000 films, as police crack down on major piracy operations.

Hanoi Museum hosts unique ceramic exhibit with blockchain technology

With over 200 ceramic masterpieces, some weighing over a ton, artist Ngo Xuan Binh’s “Hien Linh” exhibition mesmerizes visitors at Hanoi Museum.

Explore Hanoi’s rhythm in 36 hours with this guide from the New York Times

Chris Humphrey from the New York Times recommends a 36-hour whirlwind tour of Hanoi, showing how to experience the best of the city’s culture, food, and vibrant nightlife.