Business

A VND756 billion (USD29.88 million) hotel and resort project in the central city of Danang has been left idle for many years.

Over 42% of 30,587 enterprises in the processing-manufacturing sector that joined a recent quarterly survey by the General Statistics Office expect their business performance in the fourth quarter of 2024 to be better than Q3.

Vietnam expects to attract 39-40 billion USD in foreign direct investment, according to forecasts to the end of the year.

Artificial intelligence (AI) is the fundamental technology driving digital transformation activities in Vietnam.

Standard Chartered has revised up its forecast for Vietnam’s 2024 GDP growth to 6.8% from the previous 6.0%, reflecting the stronger-than-expected expansion in the third quarter of this year.

As of mid-October, Vietnam’s totalimport-export turnover surpassed the US$600 billion mark, reaching US$610.56 billion, with a trade surplus of US$21.24 billion.

Amending tax policies related to the real estate market will be among solutions to prevent speculative trading in an effort to stabilise land and housing prices, the Ministry of Construction has said.

Vietnam's automotive market has seen significant growth in recent years, thanks to Government initiatives aimed at encouraging domestic production, according to the Vietnam Automobile Manufacturers Association.

Vietjet launched its first flights using sustainable aviation fuel (SAF) from Tan Son Nhat Airport on October 17, flying to Melbourne and Seoul, marking a step towards sustainability in Vietnam's aviation sector.

The Ministry of Planning and Investment (MPI) has unveiled a draft proposal to develop HCM City, Vietnam's largest economic hub, into an international financial centre.

The Vietnam Railway Authority is seeking Ministry of Transport approval for the planning of a VND179 trillion (USD7.2 billion) railway project in Vietnam's northern region.

Remittances sent by overseas Vietnamese to Ho Chi Minh City are expected to surge about 10% in 2024 from a record high of 9.46 billion USD in 2023, according to Nguyen Duc Lenh, Deputy Director of the State Bank

Many programmes on promoting consumption until year end have been launched to boost domestic consumption growth, one of the three important pillars of the economy.

Pang Te Cheng, the consul general of Singapore in Ho Chi Minh City, expressed his hope that the southern province of Ba Ria - Vung Tau will create the optimal conditions for Singaporean firms to invest in the fields

The Investment, Trade and Industry Ministry (MITI) of Malaysia has initiated an anti-dumping investigation into steel wire rods originating from China, Indonesia, and Vietnam, according to the Trade Remedies Authority of Vietnam (TRAV).

Michelin reaffirms its brand's innovative DNA by launching the new advertising campaign "On the Road and Beyond".

Many lobster farmers in the southern province of Phu Yen face losses after China, their key export market, began buying only small-sized lobsters.

The State Bank of Vietnam is drafting a circular to better manage foreign investment protocols and hopefully make them speedier.

The diversification of global supply chains is creating significant opportunities for Vietnam to engage more deeply in international production networks.