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Should Vietnam introduce a carbon tax? experts weigh the pros and cons

As Vietnam considers implementing a carbon tax, experts are divided over its potential benefits and drawbacks. While some believe it will help reduce emissions, others warn of potential economic harm.

Vietnamese province is first to earn money from 'low-emission rice'

Mekong Delta farmers have harvested rice from the first crops produced with a low-emission cultivation model, while Dak Lak province has become the first province in Vietnam to sell reduced carbon from rice.

HoSE places multiple stocks under warning, including Novaland’s NVL

The Ho Chi Minh City Stock Exchange (HoSE) has announced that multiple stocks will be placed under warning due to the delayed submission of semi-annual 2024 financial reports.

Vietravel Airlines appoints Dao Duc Vu as New CEO

Vietravel Airlines has appointed Dao Duc Vu as its new CEO, effective September 4, 2024. Vu, with over 35 years of experience, replaces Nguyen Minh Hai, who resigned for personal reasons.

Vietnam-US bilateral trade moves closer to US$90 billion mark

The past 8 months of 2024 saw two-way trade between Vietnam and the US reach US$87.7 billion, with strong growth in both exports and imports.

Motorbike inventory high, dealers no longer dare rip off customers

Motorbike prices are still low because of high inventories, and dealers are running big sale promotions to attract more buyers.

Foreign investment in real estate surges in January - August

Foreign investors poured a total of $2.4 billion into the real estate market of Vietnam in the first eight months of this year, five times the level over the same period last year, according to the latest updates from the General Statistics Office.

Banks lend significant amounts to green projects

Many banks have recently poured thousands of billions of Vietnamese dong into green projects.

Vietnam's seafood exports continue recovery

Vietnam saw a gradual recovery of seafood exports during the first eight months of this year, both in terms of demand and price.

Hit hard by Yagi typhoon, tens of thousands of borrowers need urgent support

Yagi has caused serious damage to rice, crops, and aquaculture in the North of Vietnam: 121,500 hectares of rice and crops have been flooded, 5,027 hectares of fruit trees have been damaged, and more than 1,000 cages of seafood have been swept away.

Ministry outlines two economic growth scenarios for 2025

The Ministry of Planning and Investment recently presented to the Government three economic growth trajectories for 2025, with the highest rate forecast at 7.5%.

Banks required to list suspect accounts for better supervision

Commercial banks must provide information on accounts that show possible signs of fraud, swindling, or law violations at the State Bank of Vietnam (SBV) 's request every month.

Vietnam-China trade turnover hits nearly 130.8 billion USD

The import-export turnover between Vietnam and China reached nearly 130.8 billion USD in the first eight months of this year, according to the latest statistics from the General Department of Customs.

McDonald’s Ben Thanh closure marks end of 10-year legacy in HCM City

Rising rental prices in downtown Ho Chi Minh City compel McDonald’s to close its iconic Ben Thanh location, which has been a popular spot since its opening in 2014.

Streamlined investment procedures proposed for high-tech projects

Special procedures are proposed for projects in research and development, semiconductor, chip-making and new technology battery, as well as investments in high-tech industrial parks, export processing and functional zones in economic areas.

Vietnam racks up trade deficit of US$5.6 billion with ASEAN

Trade turnover between the nation and ASEAN reached US$54.9 billion during the eight-month period, up 12.5% on-year, with the country posting a trade deficit of US$5.6 billion with the bloc.

Thailand represents largest Vietnamese export market in ASEAN

Thailand is viewed as Vietnam's largest export market in ASEAN with US$5.23 billion, up 7.2% over the same period from last year, according to details given by the General Department of Customs.

Vietnamese exports to Japan fetch over US$16 billion in eight-month period

Vietnam’s exports to the Japanese market reached more than US$16 billion during the initial eight months of the year, up 4.8% against the same period from last year, according to the statistics released by the General Department of Vietnam Customs.

Mekong Delta region contributes roughly 31% to agricultural sector’s GDP

The Mekong Delta region is contributing about 31% to GDP of the entire agricultural sector, with 50% of rice output, 95% of rice exports, 65% of aquaculture and exploitation output, 60% of fish exports and approximately 70% of all type of fruits.

Australia accesses Vietnamese agricultural market

Australia has achieved another step forward for its horticulture industry as Canberra announced it has reached an agreement to export plums to Vietnam in the near future, in addition to current peach and nectarine exports.