Vietnam Business News November 18/2024

AI development policies, mechanisms in Vietnam spotlighted

Exchange rate fluctuations bring huge profits to many banks

The total net profit from the foreign exchange trading segment of 29 banks in the first three quarters of 2024 reached more than VNĐ19.62 trillion.

VN, Brazil agree to upgrade bilateral relations to Strategic Partnership

The two countries have witnessed robust development in relations across various domains, including regular exchange of delegations at all levels, sustainable growth in economic – trade ties, and close coordination at multilateral forums.

Government forms steering committee to restructure Gov’t system

The directive also emphasises a forward-looking legal framework that encourages innovation, productivity and resource mobilisation while maintaining essential state oversight.

Vietnam and Italy team up to promote fashion, art, and tourism

Vietnam and Italy will be collaborating to promote fashion, art, and tourism in an age-old village of Hanoi.

Teenager brings hope for Vietnamese badminton

Nguyen Thi Thu Huyen is an emerging badminton talent, expected to bring Vietnam success in international competitions in the near future.

Hanoi to host 2024 e-commerce and digital economy forum on November 21

The Department of E-commerce and Digital Economy under the Ministry of Industry and Trade (MoIT) has announced that the 2024 E-commerce and Digital Economy Forum will take place on November 21 in Hanoi.

Nguyen Thanh Binh, first Vietnamese woman to conquer Ama Dablam

In an extraordinary achievement, Nguyen Thanh Binh from Hanoi has made history as the first Vietnamese woman to conquer Ama Dablam, a breathtaking peak soaring 6,812m in the Himalayas.

Vietnam to set new record in rice exports in 2024

Despite challenges in the global rice market, Vietnam's is still on a right track to a new export volume record of over 8 million tonnes in 2024, surpassing last year’s result, according to insiders.

Vietcombank issues 2 trillion VND worth of green bonds for first time

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has successfully issued 2 trillion VND worth of green bonds, the first of its kind, to support eco-friendly projects.

Businesses advised to renovate to adapt to market changes

Businesses should conduct comprehensive renovation to make full use of opportunities brought about by the global green transition and sustainable development trend, advised experts.

New chairperson of National Commission for UNESCO appointed

Permanent Deputy Minister of Foreign Affairs Nguyen Minh Vu has been appointed as the new chairman of the Vietnam National Commission for United Nations Educational, Scientific and Cultural Organisation (UNESCO), replacing Ha Kim Ngoc.

Ho Chi Minh City's prime real estate wasted amid years of inactivity

High-value plots in Ho Chi Minh City’s downtown, often referred to as "golden land," have been left abandoned for years, wasting prime development opportunities.

VN sees opportunities to attract investments in electronics support industries

As an investment attraction of numerous leading technology corporations, Vietnam sees many opportunities to attract foreign direct investment (FDI) into electronic components manufacturing.

Telecoms service providers invest in 4G, 5G technologies

Telecoms service providers in Vietnam are investing in 4G and 5G mobile phone connectivity infrastructure at the same time.

PM attends Vietnam-Brazil business forum ​in Rio de Janeiro

Prime Minister Pham Minh Chinh attended a Vietnam-Brazil business forum in Rio de Janeiro on 17 November afternoon (local time) as part of his trip to Brazil for attendance at the G20 Summit and bilateral activities in the Latin American country.

Vietnam’s industrial real estate attracts foreign investment

FDI increased by 7% year-on-year, supporting the industrial real estate sector, while international tourism and retail sectors show promising recovery signs.

Efforts to save 1,000-year-old cham towers in Quang Nam

Quang Nam Province has announced a VND 44 billion plan ($1.73 million) to restore several 1,000-year-old Cham towers that have fallen into severe disrepair.

World Bank highlights Vietnam’s potential as a global tech leader

Vietnam is on the cusp of becoming Asia’s new tech hub, driven by its booming semiconductor industry, young workforce, and strong economic growth.

When will pending solar power projects finally be operational?

A number of solar power projects have been completed but cannot be put into operation because of problems in administrative procedures, especially the pricing scheme.

Tra Que vegetable village blends organic farming with world-class tourism

Tra Que Village in Hoi An has earned international acclaim for its sustainable tourism model, attracting visitors eager to experience traditional farming and cultural heritage.

Government restructuring aims to create multi-sector ministries

The Vietnamese Government’s latest restructuring initiative emphasizes decentralization, multi-sector integration, and the elimination of inefficiencies in its organizational framework.

Vietnam’s durian export boom hits $3 billion, prices at all-time high

With exports reaching nearly $3 billion USD, Vietnam’s durian industry is enjoying unprecedented success, driven by its off-season supply advantage.

20% of TikTok’s H-1B workers in the U.S. are Vietnamese

Vietnam is among the top five contributors to TikTok's U.S. workforce, with many employees hired under H-1B work visas by ByteDance.

Innovative bamboo sculptures by Vietnamese artisan wow audiences

In Hoi An, bamboo isn’t just a material - it’s art, as seen in the remarkable sculptures created by artisan Vo Tan Tan.