In its article published on August 13, AP wrote “Vietnam aims to get rich by 2045 and become Asia’s next “tiger economy” - a term used to describe the earlier ascent of countries and territories like the Republic of Korea (RoK) and Taiwan (China).

Foreign investment made up 2.4 billion USD of the total, with 133 new foreign-invested projects registering over 1 billion USD, and 106 existing projects recording capital increases totalling 1.33 billion USD.

Vietnam’s average export price for rice currently stands at 514 USD per tonne. Although this is lower than in recent years, it remains higher than that of other suppliers, he said, noting that the global rice market is experiencing oversupply.

Declining birth rates are shrinking household sizes, reducing demand for large homes, and transforming the structure of Vietnam’s real estate market, according to the Vietnam Association of Realtors (VARS).

Vietnamese businesses import nearly 1.9 million tons of cashew nuts, with Cambodia contributing almost half the supply.

Instead of restricting or banning charging areas as before, many apartments and rental houses in Hanoi’s city center are now planning to expand safe parking and charging spaces for electric motorcycles.

Local land price tables should avoid unrealistic pricing that is either too high, burdening businesses, or too low, causing budget revenue losses.

Leaders of Khanh Hoa province met with executives of HD Hyundai and SK Innovation to explore opportunities to partnerships in shipbuilding and energy industries.

The Ministry of Industry and Trade has proposed six types of commodity exchanges to be operated at the international financial centre (IFC), which would cover both traditional goods markets and emerging financial and commercial products.

The PM lauded Qualcomm’s two-decade partnership with Vietnam, spanning mobile connectivity, technology transfer, artificial intelligence (AI) research, STEM education, startup incubation, and innovation ecosystem development.

Two-way trade between Vietnam and Cambodia topped 7 billion USD in the first seven months of the year, up 16.3% against the same time last year.

Vietnam is ready to serve as an important gateway for Korean enterprises to enter the Southeast Asian market.

Notably, the hybrid segment recorded the strongest growth, with 7,112 units sold, a 72% year-on-year increase. The figures reflect a shift in consumer preference towards more environmentally friendly vehicles.

The Ministry of Industry and Trade is drafting a scheme on diversifying imported raw material sources for domestic production, with feedback from industry associations and businesses being incorporated into concrete proposals and support policies.

The roadmap to restrict the use of petrol-powered vehicles and encourage green ones in such major cities as Hanoi and Ho Chi Minh City is creating a strong boost to the EV market.

Industry experts identify multiple factors driving online grocery shopping into a billion-dollar battleground for app developers.

Prime Minister Pham Minh Chinh outlines decisive measures to hit Vietnam’s 2025 growth target of up to 8.5%.

Unlike mass industrial production, OCOP products are inherently limited due to their close ties to local identities and village traditions.

Some people have suggested abolishing construction completion procedures after exemption of construction permits for individual houses in hundreds of projects in HCM City.

Vietnam’s 2025 budget surges on land revenues, sparking warnings of inequality and risk.