Vietnam’s economy has recovered quickly despite external uncertainties and extensive damage caused by Typhoon Yagi, which has greatly affected all socio-economic activities and people’s lives.

The problems in procedures for VAT (value added tax) refunds was the main topic at the second discussion session of the 2024 Business and Law Forum held on October 9, 2024.

Vietnam aims to establish a regional financial center by 2035 and an international financial center by 2045, as outlined in a proposal presented to the government.

The leading Japanese newspaper Nikkei recently headlined, “Vietnam's Q3 Growth Soars Like a Rocket at 7.4%, the Highest in Two Years.”

Only when following a market economy can Vietnam have the opportunity to integrate into the global economy, said Tran Dinh Thien, a respected economist, in a talk with VietNamNet.

The Vietnamese real estate market is recovering slowly, facing numerous challenges. Companies are seeking flexible solutions and collaborating with authorities to overcome these hurdles.

Recent surveys have found that complex administrative procedures continue to be a headache for enterprises, and that administrative reform is needed.

Global index provider FTSE Russell has published its October 2024 report, and Việt Nam remains on the watchlist for a potential upgrade to Secondary Emerging Market status.

On October 10, the Ministry of Industry and Trade announced the results of an audit of the electricity production and business costs for 2023 by EVN.

Apartment prices in the primary market in Hanoi soared to VND69 million per sq m in the third quarter of 2024. With an average income of VND7 million per month, Hanoians need 50 years to save to buy a VND4 billion apartment.

The Ministry of Construction (MOC) has proposed setting up a real estate and land-use right transaction center under state management, saying the center would help minimize risk in prices and legal status for buyers.

At the event, the company also introduced Amelia, an artificial intelligence tool, to help Vietnamese sellers on Amazon grow their businesses.

Experts said that strengthening inspections of cosmetics production and business activities and establishing legal frameworks for market oversight is seen as a critical measure to regulate the industry.

Japonica - AAN has become the second Vietnamese rice brand to have entered Japan, with a ceremony held on October 9 to debut the produce.

Vingroup has provided a guarantee and pledged assets belonging to the group to secure corporate bonds issued by VinFast, the automotive manufacturer, in 2024, with a total value not exceeding 6.5 trillion VND ($263 million).

As of January 1, 2030, goods will only be processed for import-export procedures at international border gates and main border gates.

The association said that the real estate market normally has about 300,000 - 400,000 practising brokers. After the 2023 Real Estate Business Law officially took effect, individual brokers must have certificates.

Three female Vietnamese entrepreneurs have been named on a list of the Top 100 Most Powerful Women Asia 2024 (MPW Asia), as complied by Fortune magazine.

The Ministry of Industry and Trade (MoIT) forecasts that the revenue of the food and beverage (F&B) industry will grow by 10.92% this year, reaching more than 720 trillion VND (29.8 billion USD).

While private joint stock commercial banks have increased capital significantly so far this year, the capital for State-owned commercial banks has remained stagnant.