Business

It is expected that Vietnam will no longer offer tax incentives such as corporate income tax exemption and reduction as of 2025 in a bid to improve the capacity of public finance for infrastructure investment, said Minister of Finance

HCM City would need VND871.2 trillion (USD34.18 billion) for six metro projects, according to the plan for the city’s metro development by 2035.

The European Chamber of Commerce in Vietnam (EuroCham) on July 15 released its Business Confidence Index (BCI) report for the second quarter of 2024, which reveals a marginal decline from 52.8 in Q1 to 51.3 in Q2.

Banks lent more than VND480 trillion (USD18.88 billion) to economic entities in June, demonstrating the sector’s efforts in concretising the Government’s credit goal of 5-6% to the end of Q2.

2024 is the year of tourism recovery and development. The sector this year has been focusing on green and sustainable growth.

Up to 30.7 percent of flights operated by Vietnamese airlines were delayed in June against the rate of just 17.8 percent in May.

Over 350 local and regional app and game developers gathered in Hanoi on July 11 to discuss how to boost their business growth with the help of AI.

The local automobile market is expected to bounce back in the last months of 2024 if a proposal to cut registration fees by a half for domestically manufactured and assembled cars is approved.

Retail prices of petrol were slightly slashed on Thursday afternoon after four consecutive increases.

Pig prices in Vietnam have reached their highest level over the past two years, benefiting local livestock firms.

The construction sector recorded a 7.34% expansion in the first six months of 2024, the highest in the first half of a year in the 2020-2024 period.

The capital city of Hanoi plans to add eight industrial clusters to its industrial cluster development plan for 2020 with a vision to 2030.

Shares were mixed on Thursday, causing the market benchmark VN-Index to fall for the second day in a row, while foreign investors reversed course to net buy on the southern exchange.

The draft Law on Digital Technology Industry proposes many regulations and policies to support the development of the digital technology industry to become an economic sector that contributes greatly to the country's economy.

State budget collection from Vietnam’s export-import activities reached 200.46 trillion VND in the first half of 2024, according to the General Department of Vietnam Customs.

The Vietnamese economy is forecast to grow by 6.95% this year compared to the previous projection of 6.48% on the grounds that its economic recovery is on the right track, said the Central Institute for Economic Management.

Banks are struggling to sell defaulting borrowers’ collateral, primarily real estate, to recover the debts since the property market is sluggish.

The Ministry of Finance is set to announce the final draft of a circular related to the upgrade of Vietnam's stock market and operate the Korea Exchange system this week.

The Ministry of Planning and Investment has provided updates for economic growth scenarios in the second half of this year, in which the Vietnamese economy could beat forecasts and expand at 7% for the full year.