Business

Vietnam is assessed to have plenty of room to compete for foreign direct investment (FDI) against major competitors in the current global production shift, said Nguyen Bich Lam, former Director General of the General Statistics Office.

Vietjet and SR Technics have inked a Memorandum of Understanding worth 150 million USD involving the provision of MRO services on Vietjet’s CFM56-5B engine fleet, installed on their Airbus A320 and A321 aircraft.

The total foreign direct investment into Vietnam between January and November this year has reached USD26.46 billion, up 0.1 percent on-year.

Vietnam held its place as the seventh largest tea supplier to the United States during the past nine months of the year with 4,100 tonnes worth US$5.7 million, according to the Ministry of Industry and Trade.

Many people rushed to HCM City’s shopping malls to hunt for Black Friday sales on November 26.

The Vietnamese government has just officially approved the Ministry of Finance's proposal to cut registration fees for all locally-assembled automobiles by 50 percent with an aim to increase sales and encourage recovery in the automobile industry.

The World Bank and the Global Knowledge Partnership on Migration and Development (KNOMAD) forecast that remittance to Vietnam is estimated at US$18.1 billion in 2021.

Emerging East Asia’s bond market grew 3.4% in the third quarter to $21.7 trillion, although rising global inflation and a shift in the United States monetary stance weakened regional financial conditions, according to the latest issue of the Asia

The retail prices of oil and petrol were adjusted down starting from 3 pm on November 25 following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance.

Vietnam-Russia oil and gas joint venture Vietsovpetro on November 24 held an online ceremony to welcome the first flow of oil extracted from BK-18A and BK-19 oil rigs.

The demand for industrial land, logistics services, and ready-built warehouses is poised to continue recording strong growth moving into next year, according to real estate experts of Savills Vietnam.

The United States Agency for International Development and the Vietnam Chamber of Commerce and Industry have signed a MoU to establish a Green Index to help businesses identify provinces that are facilitating green operations.

Vietnam–US trade could hit 100 billion USD in this year, up 221 times against the figure in 1995 when the two countries normalised relations.

The Ministry of Industry and Trade (MoIT) has forecast that total import-export revenue this year may reach a new record, at between 640 - 645 billion USD, with a slight trade deficit.

After 25 years of development, the Vietnamese stock market is playing a more important role in attracting capital, supporting the commercial banking system. Therefore the target is to turn the market into the main channel of medium and long-term

The Vietnamese Embassy in collaboration with the Vietnamese Trade Office in Australia is launching a programme to popularize Vietnam’s Tra (pangasius) fish in various Australian cities.

The Vietnamese internet economy could reach 220 billion USD in Gross Merchandise Volume by 2030, according to the e-Conomy SEA 2021 Report recently published by Temasek, Google and management consulting firm Bain & Company.

Vietnam is expected to be the fastest-growing e-commerce market in Southeast Asia by 2026, with e-commerce Gross Merchandise Value (GMV) reaching US$56 billion by 2026, 4.5 times the estimated value of 2021, according to a report by Facebook and

The domestic hospitality market is expected to recover strongly with the gradual resumption of domestic and international tourism, though the Ministry of Construction (MoC) warns that it might not all be plain sailing.