Business

Credit growth across the banking sector reached 15.08% as of the end of 2024, exceeding the year’s target of 15%, according to Standing Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu.

Vietnam Air Services Company (VASCO), a subsidiary of the national flag carrier Vietnam Airlines, will operate flights on the Ca Mau-HCM City route during the upcoming peak Tet Lunar New Year period.

Overseas remittances to Vietnam were estimated to hit roughly US$16 billion last year, with the amount to HCM City reaching about US$9.6 billion, up US$140 million compared to the previous year.

Ho Chi Minh City’s office market has achieved rapid growth fuelled by steady demand and burgeoning supply

Work has begun on a seafood processing plant with a total investment of VND700 billion (USD27.61 million) in the southern province of Dong Thap.

Nguyen Ninh, a green rice cake maker in Hanoi's Ba Dinh District, has been fined VND40 million (USD1,577) for food safety violations.

Malaysia and Singapore on Tuesday announced an agreement to establish a special economic zone on their border to boost investment and the movement of people and goods.

The Vietnam Railway Authority (VRA) has proposed to the Ministry of Transport to gather opinions from concerned ministries and sectors on the construction of the Lao Cai - Hanoi - Hai Phong railway.

The country attracted approximately 17.6 million international visitors throughout 2024, marking an annual increase of 39.5% and reaching 97.6% of the 2019 pre-pandemic level.

The Vietnamese economy demonstrated remarkable resilience in 2024 and was estimated to achieve a growth rate of 7.09%, General Director of the General Statistics Office said on January 6.

Vietnam’s consumer price index (CPI) in 2024 rose 3.63% year-on-year, meeting the target set by the National Assembly (NA), the General Statistics Office (GSO) reported on January 6.

A total of 76,179 enterprises resumed operations in Vietnam in 2024, according to the Agency for Business Registration under the Ministry of Planning and Investment.

A popular Indian food delivery app has started offering a private ambulance service, looking to use its logistics know-how to help bolster the country's patchy healthcare system.

The logistics industry’s business community has expressed optimism about growth prospects in 2025.

Eight Vietnamese rice enterprises have been awarded 200,000 AUD (approximately 3.16 billion VND, or over 124,300 USD) for their efforts in reducing greenhouse gas emissions in rice production.

The Vietnamese Government has recently issued a decree, deciding to extend a reduction in value-added tax (VAT) until the end of June 2025.

Vietnam has the potential to become a manufacturing hub in the region, especially in fields involving technology, as global companies have expressed interest in expanding operations in the country.

A policy dialogue was held in Hanoi on January 3 to review Vietnam's macroeconomy in 2024 and discuss prospects for 2025.

Retail petroleum prices increased at 3 pm today, January 2, following a decision by the Ministry of Industry and Trade and the Ministry of Finance.