Business

Although Vietnamese rice has been exported to 150 countries and territories, markets for the product are mainly Asian countries and thus need to be diversified, according to experts.

HCM City’s first metro line project has implemented 95.39 percent of the work so far and will be completed by the end of this year before being put into operation next year.

Approximately 91% of German businesses have expressed their keen interest in pouring further investment and expanding their operations in Vietnam, according to a survey recently conducted by the German Chamber of Commerce and Industry.

A total of 12 memoranda of understanding (MoUs) on sustainability, digitization, financial services, and human resources development were signed at the seventh Singapore Regional Business Forum (SRBF) held for the first time in Hanoi on July 7.

Government reductions in registration fees and an extension on the payment of excise tax could be the main drivers for the recovery of the auto industry in the second half of this year.

Despite Vietnam’s GDP in the second quarter rising by a higher-than-expected pace of 4.1% on-year, HSBC reduced the growth forecast for 2023 to 5.0% from the previous figure of 5.2%.

A second airport in the capital region is expected to take shape by 2050 to ease the burden on the Noi Bai International Airport, according to the Ministry of Transport.

Despite a 4.3% reduction in the volume of foreign investment inflows into Vietnam in the first half of the year, experts said there are positive signs when looking into the structure of the investment.

The information technology labour market in Vietnam still lacks a large number of qualified personnel, especially in fields of artificial intelligence, data and information security, an expert has said.

The goal of keeping inflation under 4.5% this year will be totally feasible, as the rate may range between 2.5-3.5%, experts said at a seminar held in Hanoi on July 4.

The southern economic hub of Ho Chi Minh City will build seven new logistic centres from now to 2025, the municipal People’s Committee said on July 3.

Vietnam can return to high growth rates over the medium term, as structural reforms are implemented, Division Chief of the International Monetary Fund’s Fiscal Affairs Department Paulo Medas has said.

Petroleum prices fell from 3 pm on Monday, the first drop in nearly two months.

Several measures have been recommended to help Vietnamese exporters cope with dwindling demand in many markets around the world.

The State Bank of Vietnam has sent a document to credit institutions and branches of foreign banks and SBV in provinces and centrally-run cities regarding the reduction of interest rates.

The export turnover of agro-forestry-aquatic products in the third quarter of 2023 is expected to be equivalent to the figure in the same period last year, and is likely to see positive growth in the fourth quarter.

The world's largest contract manufacturer Foxconn has poured nearly USD250 million into two factories in the northern province of Quang Ninh, helping generate jobs for 2,000 people.

The Government on June 30 issued Decree No. 44/2023/ND-CP on reducing the value added tax in line with the National Assembly’s Resolution No. 101/2023/QH15 dated on June 24, 2023.

Vietnam recorded a trade surplus of about 12.25 billion USD in the first half of this year, according to data released by the General Statistics Office of Vietnam (GSO) on June 29.