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Luxury apartment prices double in Ho Chi Minh City over 8 years

From 2015 to 2023, Ho Chi Minh City's real estate market experienced significant growth, with luxury apartments and land plots seeing the highest price increases.

Vietnam faces challenges in rare earth processing for tech industries

Despite possessing substantial rare earth reserves, Vietnam's extraction and processing capabilities remain limited, falling short of serving the semiconductor and electric vehicle industries.

SSIT welcomes MSC’s first direct European service in Vietnam

On July 12, 2024, the SP-SSA International Terminal (SSIT) marked a significant milestone by welcoming the MSC TOKYO, the first-ever direct European service to Vietnam from the Mediterranean Shipping Company (MSC).

Foreign importers rush to place orders, Vietnam’s farm exports boom

“Many buyers have come and placed orders. Sometimes we receive several groups of buyers each day,” said Phan Minh Thong, chair of Phuc Sinh Group.

Steel manufacturers incur big losses, but see bright prospects

The total amount of losses that Formosa Ha Tinh incurred in the last two years equalled its big profits in 2021, the most profitable year in the history of the local steel industry. But positive signs have also appeared.

Vietnam remains important investment destination in medium, long terms: MPI

In foreign investors' eyes, Vietnam remains an important investment destination in the medium and long terms amidst the ongoing global supply chain restructuring, according to the Ministry of Planning and Investment (MPI).

Vietnam shows a strong determination to shift towards EVs

Vietnam is highly committed to transforming towards green practices across various industries, including the car industry.

Vietnam’s spice king: Cholimex Food’s stock value skyrockets

A low-profile giant in the spice industry now holds one of the highest stock prices in Vietnam, second only to VNZ. This company supplies chili sauce and spices to major brands like Pizza Hut, Popeyes, Domino's, and Jollibee.

Vietnam's trade with China expected to hit 200 bln USD

The import - export turnover between Vietnam and China is predicted to approximate and even exceed 200 billion USD in 2024, driven by strong trade improvement in the first half of the year.

Should Vietnam prepare for Trump’s comeback?

Many countries in Asia – Pacific have begun preparing for Donald Trump returning to the White House. For Vietnam, the biggest economic impact may be in two-way trade.

Vietnam: Home to over 19,000 millionaires, with rapid growth expected

As of the end of 2023, Vietnam boasts 19,400 USD millionaires, marking the fastest growth rate globally for the period from 2013 to 2023. It is projected that the number of millionaires in Vietnam will double in the next decade.

FDI inflow expected to hit 40 billion USD in 2024, pushing GDP growth up

With positive results seen in the first half of this year, foreign direct investment (FDI) inflow in 2024 is hoped to hit 40 billion USD in the whole year, contributing to boosting the country’s growth, according to experts.

Green consumption becomes popular trend in HCM City

The retail market in Ho Chi Minh City shows a shift towards the green consumption trend.

Vietnam's H1 seafood exports hit 4.4 billion USD

Vietnam earned 4.4 billion USD from exporting aquatic products in the first half of this year, up nearly 7% year-on-year, the Vietnam Association of Seafood Exporters and Producers (VASEP) has reported.

Vietnam, Philippines agree to establish rice industry alliance

Agriculture ministers of Vietnam and the Philippines have agreed to establish a rice industry alliance between the two countries and upgrade the trade relationship to an investment partnership in the rice industry.

Vietnam's economic surge: Nearing high middle-income classification

Vietnam's economic growth rate surpasses several countries in the region, with a per capita GDP exceeding $4,300. Has Vietnam entered the high middle-income group?

Biometric security in banking: Progress and challenges ahead

Recently, Vietnam has seen the proliferation of "junk" bank accounts. These accounts are officially registered but sold to fraudsters for prices ranging from a few hundred thousand to several million VND.

Tea exports enjoy double-digit growth in first half

Vietnam grossed US$108 million from exporting 61,000 tonnes of tea during the first half of the year, up 26.7% in volume and 32.1% in value on-year, according to details given by the General Department of Vietnam Customs.

State-run economy still important after nearly 40 years of renewal

After nearly 40 years of "Doi moi" (Renewal), the State-run economic sector has developed strongly, contributing significantly to building and safeguarding the Fatherland, maintaining macro-economic stability and boosting socio-economic development.

Vietnam updates Power Plan VIII: 154 solar projects back on track

154 solar power projects, previously flagged for violations, will be integrated into the updated National Power Development Plan after resolving their issues.