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Vietnam’s overseas investment declines in nine months

Vietnam's overseas investment, including new and adjusted capital, amounted to 189.6 million USD, down 54.5% year-on-year, according to the Ministry of Planning and Investment’s Foreign Investment Agency.

One fifth of State-owned enterprises report losses in 2023

A total of 134 out of 671 State-owned enterprises had reported cumulative losses amounting to 115.3 trillion VND (4.6 billion USD) in 2023.

Vietnam needs to diversify supply chains for sustainable growth: economists

In addition to diversification efforts, improving resilience to natural disasters is also a key factor in Vietnam's sustainable development strategy.

Loc Troi’s financial troubles: Was former CEO Duy Thuan the turning point?

Loc Troi, a company that dominated the agricultural industry for decades, is now reeling from financial losses, risky strategies, and an investigation into former CEO Nguyen Duy Thuan, who faces accusations of misconduct.

Binh Dinh invites investment in agriculture, industry, logistics, and technology

Binh Dinh province is calling for investments in seven key sectors, including information technology, manufacturing, tourism, and logistics, as part of its sustainable development plan.

VN's bird-watching tours attract high-spending tourists from around the world

Bird-watching tours in Vietnam are drawing affluent tourists from the U.S., Europe, and Asia, willing to spend thousands of dollars for a chance to photograph rare bird species.

Hot-rolled steel imports to Vietnam skyrocket, China dominates market

Vietnam imported 1.2 million tons of hot-rolled coil steel in September, despite an ongoing anti-dumping investigation by the Ministry of Industry and Trade.

Businesses drive sustainability for a net zero future

Many large private enterprises have proactively transformed their operations, investing boldly in new industries and pioneering innovative business models onfocused sustainability and the circular economy.

FDI, import/export sectors are brightest spots in economy in 9 months

Minister of Planning and Investment Nguyen Chi Dung has reported a strong socio-economic recovery in the first three quarters of the year with 14 out of 15 major factors meeting or exceeding targets.

Nearly 13,000 smuggling and fraud cases uncovered in nine months

The General Department of VN Customs detected 12,949 cases of smuggling, trade fraud and illegal transportation of goods in the first nine months, with an estimated value of seized goods VNĐ23.7 trillion (US$ 955.8 million).

Hanoi and Saigon Railway transport companies set to merge this year

The newly approved plan for managing and exploiting State-owned railway infrastructure is key to enhancing and boosting the performance of the Việt Nam Railway Corporation (VNR).

Banks reduce profit expectations for 2024

A majority of banks have lowered their profit expectations for 2024.

VN to focus on improving legal framework for digital technology export

The ministry is speeding up the compilation of the Law on Digital Technology Industry, which aims to create a favourable environment for digital technology companies to make breakthroughs and expand their international reach.

Electricity retail price hiked by 4.8 per cent

Electricity of Vietnam (EVN) has announced an increase in the average electricity retail price by 4.8 per cent, effective from October 11.

More than 61 million tax codes integrated into national population database

The General Department of Taxation aims to give all taxpayers tax identification and electronic authentication by 2025.

Vietnamese youth set to excel in high-tech industries

The Government’s focus on having high-quality AI and semiconductor engineers create opportunities for technology students, but how to get them ready for international workplaces is the question experts are pondering.

Market recovery, tourism growth drive sales of consumer goods, services: GSO

Recovery in domestic consumption and production demand, along with strong development in tourism, have contributed positively to the growth of the trade and service sector in the first nine months of 2024.

Fifteen Vietnamese banks named in global top 500 banking brands

Fifteen Vietnamese banks have been named among the world’s top 500 banking brands recently announced by the global leading brand valuation consultancy Brand Finance, according to the Vietnam Banks Association.

Entrepreneurs hailed as driver of economic transformation

Party General Secretary and State President To Lam lauded Vietnamese entrepreneurs’ vital contributions to socio-economic development during a meeting in Hanoi on October 11, ahead of the 20th anniversary of Vietnam Entrepreneurs' Day (October 13).

WTO highlights Vietnam’s role in restructuring of global supply chains

The World Trade Organisation (WTO) on October 10 released its Global Trade Outlook and Statistics, in which it affirms Vietnam and Mexico have emerged as “connecting” economies.