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Vietnamese businesses’ revenue from Japan may rise tenfold in 5 years

Japan could be a market with great potential, valued at hundreds of billion of dollars for Vietnamese businesses if they can access Japanese partners in not just IT, but multiple industries as well.

Airlines prepare for Tet surge with over 7 million seats available

As Vietnam gears up for Lunar New Year 2025, domestic airlines report a surge in bookings, with fares peaking at 3.7 million VND and many routes fully booked.

Imported cordyceps sells out in Vietnam despite $102,000/kg price tag

Cordyceps sinensis, priced up to 2.5 billion VND ($102,000) per kilogram, is becoming a popular Tet gift in Vietnam, with demand far outpacing supply for premium grades.

Vietnam’s coconut industry faces crisis as exports to China drain raw materials

Despite record export revenues, Vietnam’s coconut industry faces a critical shortage of raw materials as supplies are exported to China for further processing.

Vietjet and Vietnam Airlines top list for slot mismanagement at major airports

An audit by the Civil Aviation Authority of Vietnam revealed that Vietjet Air and Vietnam Airlines lead in slot mismanagement, with hundreds of unused or delayed slots at Tan Son Nhat and Noi Bai airports.

Experts predict double-digit growth for Vietnam as reforms take root

Vietnam’s ambitious efforts to streamline its government apparatus and reform institutions are setting the stage for robust economic growth in 2025 and beyond.

Will heavier taxes stop real estate speculation?

Taxing personal income from real estate transfers based on ownership duration in order to prevent speculation is a necessity. However, there are concerns that incorporating taxes into selling prices may lead to property price escalations.

B2C e-commerce market in bloom

It has been projected by 2025, the country’s e-commerce market will surpass US$25 billion, according to a report from the Ministry of Industry and Trade (MoIT).

Vietnam ranks second among attractive investment destinations for Japanese firms

Vietnam is at second position among the most attractive and promising foreign investment destinations for Japanese enterprises, according to the survey results released by the Japan Bank for International Cooperation (JBIC) on December 12.

Deputy PM urges extra efforts to remove Vietnam from money laundering grey list

He urged ministries and sectors to proactively study the FATF's recommendations and their methodology, the requirements of the FATF/APG joint group, and the documents provided by the central bank

SBV seeks to stabilize deposit interest rates, cut lending interest rates

Only two commercial banks have slashed lending interest rates, while the strategies of other banks remain unclear. Currently, the trend of rising interest rates remains dominant.

Banks face difficulties in balancing capital raising and lending

Banks use charter capital to cover shortages as lending exceeds capital raising, but experts warn this gap risks higher interest rates and banking system instability.

Two-digit growth realistic, and on the horizon for Vietnam: experts

Vietnam’s economic landscape is poised for robust growth, with experts forecasting the possibility of a remarkable two-digit expansion in the coming time, driven by foreign direct investment (FDI) and technological advancements.

FDI remains vital contributor to boost economic growth

Foreign direct investment (FDI) remains one of the most vital drivers of national economic growth, recording remarkable results in 2024.

Vietnam, China ink protocol on railway transport cooperation

A protocol related to railway transport cooperation between Vietnam and China was signed at the 44th Vietnam-China border railway conference held in Hanoi on December 12.

PM orders swift resolution of challenges for renewable energy projects

Prime Minister Pham Minh Chinh has laid stress on the need to complete the resolution of obstacles for renewable projects by February 2025 to prevent wastefulness, contributing to ensuring electricity for development.

Even high earners struggle to buy homes in Hanoi, HCM City

The growing gap between real estate prices and income highlights a housing affordability crisis, particularly for upper-middle-income earners in urban Vietnam.

Global sustainability shift: a push for Vietnam’s garment industry

The global garment and textile industry is undergoing a significant shift as regulations aimed at sustainability reshape the sector.

Vietnam to spend US$1.7 billion on meat imports

Vietnam’s meat and byproducts imports are set to surge in 2024, with spending expected to reach about US$1.7 billion.

NA Standing Committee gives nod to the foundation of an investment support fund

It is necessary to issue a decree on the foundation, management and use of the investment support fund to attract strategic investors and multinational corporations to VN, the National Assembly Standing Committee agreed at a meeting on Wednesday.