business news

Update news business news

Rising costs, stalled projects: The crisis in Hanoi’s real estate market

Affordable housing in Hanoi is becoming a rarity as legal hurdles and soaring prices reshape the market, leaving middle-income buyers in a bind.

HCM City–Long Thanh expressway expansion to begin by 2025

A 22-kilometer stretch of the HCMC–Long Thanh Expressway will be expanded to 8–10 lanes, with construction expected to commence in 2025.

Global coffee prices surge as Vietnamese farmers hold back stock

Vietnamese coffee farmers are delaying sales despite soaring prices, intensifying global supply shortages and driving prices to record levels.

Vietnam eyes $14 billion investment for EV charging network by 2040

A World Bank report highlights the importance of EV charging infrastructure as Vietnam accelerates its journey toward Net Zero and green mobility.

Vietnam’s FDI boom under Trump: After SpaceX, what’s next?

Vietnam’s growing appeal as an FDI hub is underscored by Elon Musk’s $1.5 billion SpaceX investment and Trump Organization’s planned real estate venture.

Ho Chi Minh City targets $13,000 annual income to lead national growth

As Vietnam moves into a new era of national growth, HCMC is tasked with maintaining its leadership role by addressing core challenges and achieving strategic economic goals.

Prime Minister calls for U.S. recognition of Vietnam as a market economy

At the Vietnam-U.S. Business Summit, Prime Minister Pham Minh Chinh urged the U.S. to recognize Vietnam as a market economy and deepen trade and investment ties.

2024 Vietnam – Asia Smart City Summit to take place next month

The 2024 Vietnam – Asia Smart City Summit will take place in Hanoi on December 2-3 under the theme “Smart city – Digital economy – Sustainable development", according to the Vietnam Software & IT Services Association (VINASA).

PM attends US-Vietnam Business Summit in Hanoi

Prime Minister Pham Minh Chinh attended the 2024 US-Vietnam Business Summit, jointly held by the Vietnam Chamber of Commerce and Industry (VCCI) and the American Chamber of Commerce (AmCham) in Hanoi on November 27.

What should VN do to join the $250 billion carbon credit market?

The global carbon credit market, which Vietnam wants to join, is believed to have a value of $250 billion per annum by 2030, according to the International Emissions Trading Association (IETA).

Abandon the view that ‘if something is unmanageable, it should be banned’

The draft decree on petroleum business needs to be rewritten to strictly comply with Party Chief To Lam’s instruction that the view that ‘if something is unmanageable, it should be banned’ need to be eliminated.

Philippines initiates safeguard measures investigation on cement from Vietnam

The Philippines has initiated a preliminary safeguard measures investigation on the importation of cement from various countries, including Vietnam, according to the Vietnam Trade Office in the Philippines.

More flights, trains launched to serve transport on Tet holiday

All air carriers have announced they will increase transport capacity to satisfy travel demand during Tet holiday.

Vietnam's agricultural export faces challenges

Vietnam’s export of agricultural products will continue facing many challenges due to changes in countries, according to experts.

Da Nang strives to early pilot free trade zone model

By 2030, the Da Nang FTZ aims to contribute 1-2% directly to the city’s gross regional product (GRDP) and create approximately 21,000 jobs.

Da Nang announces four projects eligible for sale to foreigners

Da Nang’s Department of Construction has announced four commercial housing projects which can be sold to foreigners in the central city.

Wood exports poised to exceed target despite market challenges

Vietnam’s wood processing and export industry is on track to surpass its 2024 export target of 15.2 billion USD, navigating through complicated market developments with strategic adaptability.

Multiple auditors in Vietnam have been suspended by the securities council

The State Securities Council (SSC) has recently suspended many auditors belonging to independent auditing firms, including international auditing firms operating in Vietnam.

Vietnam’s businesses fumble for digital solutions to cut costs

During digital transformation, many businesses are confusing about technologies that seem complex and bring inconsistent experiences.

Apartment prices rise in HCMC, affordable housing found in neighboring provinces

The apartment shortage in HCM City explains why apartment prices keep rising. Affordable products can be found only in the suburbs or neighboring provinces.