Business

Vietnam has been ranked 44th out of 133 countries and economies in the Global Innovation Index 2024 report, up two notches compared to the 2023 ranking.

Petroleum prices rose at 3 pm today, September 26, following a decision by the Ministry of Industry and Trade and the Ministry of Finance.

Tech firms led an Asian market rally Thursday on renewed optimism about demand for AI equipment following a strong earnings outlook from US chip giant Micron.

The Asian Development Bank projects a positive economic outlook for Vietnam, forecasting its gross domestic product growth at 6.0% in 2024 and 6.2% in 2025.

In the draft strategy for the development of Vietnam's automobile industry until 2030, the Ministry of Industry and Trade has outlined a target of 1-1.1 million cars sold, with an average annual growth rate of 14-16 per cent.

The mid-range segment accounts for 98% of the total supply of apartments in Hanoi, while the high-end segment constitutes a mere 2%, CEO of Indochina Capital Michael Paul Piro told a press briefing in Hanoi.

Hong Kong and Shanghai stocks rallied Tuesday after China unveiled fresh stimulus measures as the country's leaders struggle to kickstart growth in the world's number two economy.

Thirty-two out of 40 commercial banks have registered to provide a total of VNĐ405 trillion in preferential loans with rates up to 2 per centage points lower to support customers who were affected by the Typhoon Yagi.

Most Asian markets rose Monday, building on last week's rally following the Federal Reserve's bumper interest rate cut, while sentiment was also boosted by hopes for fresh measures to kickstart China's economy.

Prime Minister Pham Minh Chinh has signed a decision issuing the strategy for developing Vietnam’s semiconductor industry by 2030, with a vision to 2050.

As many as 17 banks in Vietnam have announced programmes to support their customers who were affected by Typhoon Yagi.

The trip by Party General Secretary and State President To Lam to attend the UN Summit of the Future and the UNGA 79 in the US is expected to bring new opportunities for the Vietnam-US trade ties.

PM Phạm Minh Chính asked Deputy PMs, ministers, and heads of sectors to thoroughly deal with difficulties facing businesses, explaining that settling their difficulties means coping with those of the economy.

A survey conducted by the real estate agency Savills Vietnam reveals that the country now has more than 400 eco-industrial zones, with the demand for this segment expected to grow in the future.

Vietnam could earn 300 million USD from shipping frozen durian to China on the back of the signed protocol on plant quarantine requirements for the product between the two sides.

Former Vietnamese real estate tycoon and convicted fraudster Trương Mỹ Lan, already on death row, faces a new trial starting on Thursday on various financial fraud charges, underscoring the Government’s commitment to intensifying its anti-corruption campaign.

Tokyo's Nikkei led Asian markets higher Thursday as the yen hit a two-week high after the Federal Reserve announced a bumper interest rate cut and pledged a series of further reductions that boosted sentiment.

Foreign institutional investors are allowed to buy Vietnamese stocks without having enough money at the time of purchase from November 2 under Circular No.68/2024/TT-BTC recently issued by the Ministry of Finance.

The 2024 Hanoi Supporting Industry Fair opened on September 18 in Hanoi, with the event attracting the participation of numerous foreign enterprises from large corporations in Japan, China, Thailand, and Malaysia.