Business

Efforts to improve the investment environment made by the northern province of Bac Ninh, which borders Hanoi capital city, have proved effective, as it has been among leading destinations in Vietnam for foreign direct investment (FDI) inflows in recent years.

The Vietnamese banking industry will strengthen in 2024 as stronger domestic operating conditions and low interest rates drive improvements in borrower debt serviceability and asset quality, analysts forecast.

Vietnam’s electric vehicle market will undergo changes in the coming years as the need to transition from internal combustion engine vehicles to electric vehicles increases.

Vietnam’s total export-import turnover hit 178.04 billion USD in the first quarter of this year, up 15.5% annually, resulting in a trade surplus of 8.08 billion USD, reported the General Statistics Office on March 29.

The State Bank of Vietnam has issued Decision No. 538/QD-NHNN approving the group of credit institutions and foreign bank branches which play an important role in the country's banking system in 2024.

Vietnam's economy grew 5.66% in the first quarter compared to the same period last year, the highest for the first quarter since 2020, the General Statistics Office (GSO) announced at a press conference in Hanoi on March 29.

The southern province of Ba Ria-Vung Tau is seeking investors for 92 infrastructure projects.

The 2024 Vietnam Connect Forum is set to run in the northern port city of Hai Phong on April 10, featuring a plenary session and a series of networking activities between Vietnamese localities, businesses and foreign investors.

Only 40,000 out of about 100,000 individual brokers in the domestic real estate market have brokerage practising certificates, according to the Vietnam Association of Real Estate Brokers.

Hanoi was the top FDI destination during the first quarter of 2024, attracting USD970.80 million, accounting for 15.70 per cent of the country's total registered investment and surpassing the same period in 2023 more than six-fold.

Leading Vietnamese electric vehicle (EV) maker VinFast officially signed its first letters of intent for cooperation with 15 dealers in Thailand on March 27.

Fifteen foreign billionaires are set to participate in an investment promotion conference due to take place in the south central province of Binh Dinh on March 29.

The State Bank of Vietnam has revised a circular regulating foreign currency transactions to make it more flexible and proactive in managing the foreign exchange rate in response to changes in domestic and international market conditions.

With its positive achievements in 2023, the railway sector is working to enhance service quality, improve passenger support policies, and adjust business strategies for better performance in 2024 and following years.

In its recent global research report titled “Vietnam – Q1 GDP to moderate amid rising inflation”, Standard Chartered Bank forecasts Vietnam’s Q1 GDP growth will moderate to a still-strong 6.1 per cent year-on-year (from 6.7 per cent in Q4).

Vietnam's ambition to elevate its stock market from "frontier" to "emerging" status by 2025 faces two key hurdles, including pre-trade margin requirements for foreign investors and foreign ownership ratios in certain sectors.

Nearly 20 commercial banks have adjusted deposit rates since the beginning of this month, with most lowering rates.

SK ecoplant company has signed a memorandum of understanding on co-operation and development for renewable energy business in the nation with BCG Energy- a member of Bamboo Capital.

The real estate market in HCM City is expected to recover in the second half of the year driven by factors such as foreign direct investment inflows, consumer demand and infrastructure development, experts said.