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Vietnam's maritime giant hits 100 trillion VND market cap

Vietnam Maritime Corporation is emerging with a market capitalisation exceeding 100 trillion VND (3.9 billion USD). ​

PM directs submitting draft law on bad debt settlement to legislature in May

Bad debts of commercial banks in Vietnam as of December 31, 2024 hit more than 733.9 trillion VND, an increase of 3.4% compared to the end of 2023, according to the State Bank of Vietnam.

Samsung VN leader honoured for contributing to Vietnam-RoK diplomatic relations

Choi Joo Ho, General Director of Samsung Vietnam, was commended for his efforts in expanding Samsung’s investment in Vietnam, significantly contributing to the country’s socio-economic development.

HCM City, Hanoi among Asia’s least affordable cities for homebuyers

According to the recently-published report, which examines the gap between housing costs and income levels in major Asian cities, the two Vietnamese cities have even surpassed Singapore in the gap between housing prices and average income.

Listed companies extend growth in Q4 2024

Profits of listed companies in Vietnam experienced robust growth in the fourth quarter (Q4) of 2024, marking the fifth consecutive quarter of growth.

Digital and green transitions help develop sustainable businesses: insiders

In an era of globalisation and deeper integration, combining digital transformation with green transition is vital for the survival of businesses and the promotion of sustainable development around the world, said insiders.

Vietnam taps into peat resources to advance green agriculture

Vietnam holds 7 billion cubic metres of peat across 36,000 hectares, with the Mekong Delta containing the largest deposits.

Vietnam looks to welcome 23 million foreign visitors this year

Vietnam now ranks third in Southeast Asia for international arrivals, surpassing Singapore’s 16.5 million visitors, and trailing only Thailand (35 million) and Malaysia (24.5 million).

HCMC - Trung Luong - My Thuan expressway to begin expansion in Q2/2025

The government has approved the expansion of the HCMC - Trung Luong - My Thuan Expressway, with construction set to begin in the second quarter of 2025.

Key agricultural products expected to maintain export growth this year

At present, agricultural exports, such as rice, coffee and seafood, have steadily secured a stable place in major global markets.

EU issues 12 warnings against Vietnam’s food and agricultural exports

The Vietnam SPS Office has reported that some Vietnamese export products failed to meet the EU’s stringent standards.

Real estate rises with infrastructure boom

According to Savills Vietnam, a more favourable real estate investment environment is expected in 2025 as cyclical challenges subside and the market continues its recovery.

Binh Duong works to remove obstacles facing major FDI firms

Polytex Far Eastern Vietnam asked for the locality's support to finalise land-use rights certification for its 2.63-hectare dormitory, and assistance in more convenient power supply.

‘Strategic trust’ with the US is key to Vietnam’s economic future

With shifting US policies and potential trade risks, Vietnam must take proactive steps to build trust with Washington. Dr. Vu Thanh Tu Anh outlines key measures to secure Vietnam’s recognition as a market economy and avoid economic setbacks.

AI-powered tax audit helps recover over $191 million in 2024

The integration of AI in electronic invoice monitoring has enabled Vietnam's tax authorities to identify fraudulent activities, leading to the recovery of over $191 million in unpaid taxes from 501 companies.

Thousands of bank employees laid off as financial institutions restructure

Despite an increase of nearly 5,500 employees across the banking sector in 2024, several banks, including Sacombank and BIDV, have implemented significant layoffs.

China surpasses the US as Vietnam’s top lobster importer

In 2024, China’s purchases soared by 39%, accounting for nearly all of Vietnam’s lobster exports and reshaping the global seafood market.

Vietnam must break old constraints to enter a new era of development

Vietnam has the momentum and ambition - encouraged by its leaders - to embark on a new and transformative development path toward prosperity.

Several big banks see bad-debt ratio increase

Group 5 non-performing loans (NPLs) at most listed banks in Vietnam have surged sharply as shown in the fourth-quarter 2024 financial reports. Only three banks reported a decline in Group-5 bad debts in 2024.

Vietnamese tycoons show off new business records

Many large corporations have reported satisfactory business results for 2024, including gold traders, retailers, realtors and financiers.