Business

Vietnam recorded US$10.98 billion in FDI during the first quarter of the year, representing a year-on-year rise of 34.7%, according to the Foreign Investment Agency under the Ministry of Finance.

HCM City is seeing a robust economic recovery, with its Gross Regional Domestic Product (GRDP) rising over 7.5 per cent year-on-year in the first quarter, marking the highest growth rate since 2020.

Minister of Industry and Trade Nguyen Hong Dien has requested US authorities delay the tariff imposition to allow for constructive dialogue to seek a reasonable solution for both sides.

Vietnam’s long-anticipated KRX trading system is finally set to go live on May 5, marking a breakthrough in market infrastructure and a major step toward modernising the stock exchange operations.

Stavian Group and Shinec Group have entered into a strategic partnership to co-develop industrial real estate projects nationwide.

A recent report from the Office of the US Trade Representative shows that most US goods imported into Vietnam are subject to an import tax rate of 15 per cent or lower.

Fuel prices in Vietnam have risen for the third consecutive adjustment in the April 3 pricing review by the Ministry of Finance and the Ministry of Industry and Trade.

Deputy Prime Minister Ho Duc Phoc is set to visit the United States and Cuba from April 6 to April 14.

Vietnam’s seafood exports staged a remarkable recovery in the first quarter, reaching a total value of 2.45 billion USD, up 26% year-on-year.

The Ministry of Industry and Trade has issued provisional anti-dumping duties on certain coated steel products originating from China and South Korea.

Vietnam currently has only five billionaires on Forbes’ global billionaire list, according to the US magazine.

Northern Europe is emerging as one of the world’s leading regions in organic product consumption, presenting a significant opportunity for Vietnamese enterprises.

Prime Minister Pham Minh Chinh has directed the State Bank of Vietnam (SBV) to consider commercial banks’ proposals on implementing Basel III international banking standards.

Vietnam’s retail sector is on track for strong growth, presenting compelling investment opportunities as domestic consumption continues to rise.

The Ministry of Finance has proposed a 2% reduction in value-added tax, expanding eligibility to include fuel, petroleum, and certain technology products and services.

A slew of policies has been put in place to attract foreign direct investment capital, which is seen as an important driver for Vietnam’s high economic growth targets in 2025 and the subsequent years.

Vietnam, the world’s second largest garment-textile exporter, is betting on green fabric to cement its place in the global supply chain.

Prime Minister Pham Minh Chinh has requested the completion of the North-South expressway from the northern mountainous province of Cao Bang to the southernmost province of Ca Mau by this year’s end.

President Lula da Silva and PM Pham Minh Chinh pledged to create favorable conditions for bilateral trade to reach US$15 billion by 2035 during the Brazil-Vietnam Economic Forum in Hanoi on March 29.