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Vietnamese economy to grow by 6% in 2024: HSBC

The Vietnamese economy will grow by 6% this year with the strength of the national economy coming from a combination of consumer and investment spending, according to the 2024 Investment Outlook report for the first half of the year released by HBSC.

With a bountiful crop in 2023, farmers pocket big money

The prices of farm produce climbed to new high in 2023. Tens of thousands of durian farmers have become dong billionaires, while the incomes of rice and coffee farmers increased by twofold.

Farmers seek help from PM in fight against smuggled pig imports

About 6,000-7,000 pigs are being transported across the border daily, threatening domestic farmers' livelihoods.

Over 160 merchants eligible to export rice

As many as 161 merchants had been granted certificates of eligibility for exporting rice as of January 22, decreasing from mid-2023, reported the Agency of Foreign Trade under the Ministry of Industry and Trade (MoIT).

Asia House Annual Outlook 2024: Vietnam likely to outperform regional neighbours

According to the Asia House Annual Outlook 2024, Vietnam's economy is likely to continue to outperform its regional neighbours through 2024.

Experts explain investors’ net selling in 2023

The scenario in which the US Federal Reserve lowers interest rates will also stimulate cash flow from the currency market back into international capital markets.

Most cars imported to Vietnam are from ASEAN

Thailand surpassed Indonesia last year to become Vietnam’s largest car exporter with imports from the country accounting for 45 percent in quantity and 40.5 percent in value.

Businesses urged to adapt with reskilling opportunities

The future of the labour market is still difficult to predict, and experts do not agree on its ability to recover in the short term.

Minister of Transport urges capital disbursement for huge projects

The Ministry of Transport (MOT) has been allocated huge capital of VND57 trillion for this year. MOT Minister Nguyen Van Thang has urged units to speed up disbursement to fulfill the tasks.

HCM City moves to lure foreign investment to industrial parks

Ho Chi Minh City is trying to bring a breath of fresh air to local industrial parks (IPs) and export processing zones (EPZs) with a view to attracting more foreign investment.

Vietnamese company opens 50th store in Indonesia

Vietnam’s Mobile World Investment Corporation (MWG) opened the 50th store of EraBlue – its joint venture with Indonesia’s leading technology retail provider Erafone – in Tangerang, Indonesia on January 23.

First ever white book on women-owned SMEs in Vietnam launched

The Ministry of Planning and Investment (MPI) and the Asian Development Bank (ADB) on January 23 launched the first-ever study on women-owned small- and medium-sized enterprises (SMEs) in Vietnam.

Global banks high on GDP prospects

With a recovering economy in 2023, Vietnam has earned upbeat growth projections from international organisations for this year.

Local pharma giants reaping rewards with new strategies

While the shift to the hospital channel brought fruitful results for major pharma players in Vietnam in 2023, competition is forecast to heat up in the future.

Urban railways open up multi-billion dollar market to engineering companies

Reasonable policies on railway mechanical engineering localization could offer great opportunities to Vietnamese companies.

Foreign capital expected to return to Vietnam’s stock market

If the stock market is upgraded to emerging status, the potential influx of foreign capital could range between $5 and $8 billion.

Vietnam to build international financial center in HCM City

HCM City authorities are planning to submit to the Politburo a plan on developing Vietnam’s first international financial center in the city, according to HCM City Mayor Phan Van Mai.

Corporate bond market gradually recovers

Thanks to the government’s attempt to influence the economy plus decreasing bank interest rates, the corporate bond market has gradually recovered.

Expert predictions on forex in 2024

A moderate exchange rate movement is forecast for this year.

Southern region faces scarcity of new supply of industrial land

New supply in the industrial real estate market in HCM City and neighboring provinces has been slow amid an increase in demand from manufacturing industries during the peak year-end buying season before Tết (Lunar New Year).