Business

Vietnam was the fastest growing digital economy in ASEAN in 2022 and 2023 and it is expected to maintain this position until 2025, with the number of smartphones users anticipated to reach 67.3 million by 2026, accounting for 96.9%

Vietnam ranks second in the world of cryptocurrency ownership, with 21.2 per cent of the population adopting crypto, according to data from the Crypto payment gateway Triple-A.

Domestic travel firms are still hungry for visitors despite the significant increase in foreign travellers to Vietnam.

Viejet opened a direct air route linking Hanoi and Hiroshima on May 12, marking the first of its kind connecting Vietnam and the Japanese prefecture and the eighth of Vietjet between the two countries.

Deputy Prime Minister Tran Luu Quang on May 11 attended a ground-breaking ceremony for a high-tech biodegradable materials factory, a trillion-VND project by Ecovance Co. Ltd under the Republic of Korea’s SK Group, at the Dinh Vu industrial park.

Vietnam’s industry sector has seen continuous recovery with the index of industrial production expanding 6.0% year on year in the first four months of this year, according to the Ministry of Industry and Trade.

Vietnam has the potential to meet the global semiconductor workforce need in short, medium and long terms, Minister of Information and Communications Nguyen Manh Hung told a recent seminar, highlighting Vietnam's strategic advantages in the rapidly growing industry.

Retail petrol prices have sharply dropped by over VND1,000 per litre following the latest adjustment by the ministries of Industry and Trade, and Finance.

The northern coastal province of Quang Ninh topped Vietnam's Provincial Competitiveness Index 2023 for the seventh consecutive year with 71.25 points, according to the PCI 2023 report released on May 9.

Vietnam continued its bumpy path of recovery in April, in part reflecting the highly uncertain global environment, according to the April report “Vietnam at a glance” released recently by HSBC.

Vietnam's banking sector is in a prime position to take the lead in the country's digital transformation process, said Prime Minister Phạm Minh Chính at an event organised by the State Bank of Vietnam.

Coffee prices have continued falling while local traders have reduced transactions.

The potential reduction in interest rates by the Fed is expected to open up favourable investment opportunities in Vietnamese stocks, particularly in key sectors such as banking, import-export, retail, materials, industrial parks, technology and businesses with high dividend yields.

Expediting the enforcement of the 2024 Land Law would stimulate the supply of social housing and encourage enterprises to be more assertive in participating in the development of this segment, experts predict.

Vietnam’s industrial real estate industry is expected to continue its strong growth trajectory due to foreign direct investment (FDI) inflows benefiting from tax incentives.

Pepper export continued to enjoy high export prices in April, enabling Vietnam to earn US$353 million from this 'black gold' export in the first four months.

The Civil Aviation Authority of Vietnam has claimed that increased fuel prices, exchange rates, and plane rental prices have caused airfares to rise since the beginning of the year.

The Vietnam Oil and Gas Group (Petrovietnam) on May 6 announced the discovery of two new oil and gas fields, Rong and Bunga Aster.

The textile and garment industry has long faced an imbalance between production stages.