Business

Foreign direct investment inflows into Vietnam have gradually recovered with many large-scale investment projects following the COVID-19 pandemic as well as political and economic uncertainties in the world.

Vietnam’s economic growth is likely to rebound in 2024 and 2025, according to Dorsati Madani, Senior Economist at the World Bank.

Asian markets posted sharp losses in early Monday trade, after falls in US tech stocks and as concerns over China's property sector weigh on sentiment.

Ho Chi Minh City’s waterway tourism is expected to earn 300 billion VND (12.6 million USD) per year this year and next year, and increase 10% in the following years.

The northeastern coastal province of Quang Ninh aims to make its tourism a spearhead and sustainable economic sector by 2030, attracting at least 25.5-26 million visitors, including about 9 million foreigners.

Big data on e-commerce would help the tax watchdog to efficiently collect tax from foreign cross-border IT services providers, according to Nguyễn Bằng Thắng, director of Tax Management Department of Large Enterprises.

The ministries of Industry and Trade, and Finance have raised retail petrol prices again in their latest adjustment on Friday afternoon.

There are few skilled Vietnamese guest workers in Europe in recent years, according to deputy head of the Department of Overseas Labour under the Ministry of Labour, Invalids and Social Affairs Nguyen Gia Liem.

Vietnamese electric vehicle maker VinFast is scheduled to list its share on the Nasdaq Global Select Market on August 15 after its partner Black Spade Acquisition Co. adopted the business combination plan.

Lending interest rates will drop sharply in the second half of 2023 as capital costs of commercial banks are falling, analysts forecast.

The World Bank forecasts that Vietnam’s economy will grow 4.7% in 2023, and accelerate to 5.5% in 2024 and 6.0% in 2025.

The Ministry of Transport has just proposed support policies to encourage the sale electric cars.

The Ministry of Industry and Trade held a conference in Hanoi to announce the national plannings in the fields of energy and mining for the 2021-2030 period with a vision to 2050.

The International Exhibition for Construction, Building Materials, Housing and Interior Decor (Vietbuild 2023) kicked off on August 9 at the VIECC Convention Exhibition Center – EXPO in Ho Chi Minh City.

HCM City has set a goal to launch waterway tourism products on all local rivers by 2025.

Despite strong efforts and more positive signals recorded, Vietnam’s economic growth stood at only 3.72% in the first half of 2023, putting heavy pressure on the realisation of this year’s GDP growth target of 6.5%, an official has said.

China represents the largest importer of Vietnamese pepper in the first half of the year, duly accounting for 32.9% of the overall market share, according to figures released by the Vietnam Pepper Association.

Though the reduction of the ownership ratio for individual and institutional investors at credit institutions can help prevent market manipulation and cross-ownership, it might not be suitable at this time if ratified.

Phan Thiet Airport in Binh Thuan Province will be put into operation next January initially serving military flights.