Business

The information and communications technology (ICT) industry’s total revenue is estimated at 4.24 quadrillion VND (166.7 billion USD) in 2024, marking a 13.2% increase from 2023.

For the first time, Vietnam’s State budget revenue has exceeded VND2 quadrillion in 2024, reflecting the robust development of the national economy, according to the Ministry of Finance.

The Ministry of Transport unveiled its plan to break ground on 19 projects and complete 50 others in 2025 during its year-end review and planning conference held in Hanoi on December 30.

The supply of new apartments in 2025 is predicted to reach 40,000 units in Hanoi and HCM City, however it will remain difficult to cool down prices, even with a significant increase in supply.

A total of 120 foreign suppliers have registered, declared, and paid taxes worth more than 8.68 trillion VND (341 million USD), up by 26% year-on-year and 74% compared to the annual target.

The fruit and vegetable industry has been told to set national standards for key export products to ensure robust growth over the coming years, according to insiders.

Vietnam’s GDP is forecast to hit US$450 billion in 2024, placing it 34th globally, according to the UK-based Centre for Economics and Business Research (CEBR).

PM Pham Minh Chinh directed the Vietnam Oil and Gas Group (Petrovietnam) to restructure itself into a national industrial-energy group at a conference in Hanoi on December 28.

China's commerce ministry on Friday launched an investigation into imported beef at the request of representatives from its struggling domestic industry, it said.

Commercial banks' pre-tax profits in 2025 are forecast to grow by 14.9% year-on-year, while bad debt has peaked and is expected to decrease next year.

Tan Son Nhat Airport in Vietnam's southern economic hub of HCM City has predicted a projected 16.2 million international passengers this year, a 14 percent increase from last year.

The Ministry of Industry and Trade (MoIT) has decided to impose anti-dumping duties on a number of wind tower products originating from China following a 15-month investigation.

Vietnam’s garment and textiles export is projected to hit 44 billion USD this year, becoming the world’s second biggest exporter, according to the Vietnam National Textile and Garment Group.

Six Vietnamese firms have been officially selected to send labourers to work in Australia in the agricultural sector under the Vietnam Labour Mobility Arrangement (VLMA).

The Central Committee of the Ho Chi Minh Communist Youth Union, the Vietnam Youth Federation and the Vietnam Young Entrepreneurs Association announced winners of the Vietnam Gold Star Award 2024.

The EU move was made after Vietnamese fruits failed to comply with the maximum residue limit (MRL) of pesticides.

Domestic factors, including the Government’s increasing spending on infrastructure, real estate market recovery, and consumption, will help Vietnam maintain its economic expansion at 6.5% in 2025.

Vietnam's aquatic exports reached 10 billion USD in 2024, driven by shrimp and pangasius, despite challenges related to markets, logistics, and raw materials.

PM Pham Minh Chinh has issued a dispatch asking for concerted efforts to promote economic development in 2025 with an aim for a gross domestic product (GDP) growth rate of at least 8% in the year.