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Airlines ready for busy holiday travel

Air carriers said they are prepared for busy end-of-year holiday travel as the 2024 Lunar New Year (Tết) approaches.

No interest rate hike in 2024: State Bank of Vietnam

The State Bank of Vietnam (SBV) will not consider increasing policy interest rates and might extend debt rescheduling policies to support enterprises this year, said SBV Deputy Governor Dao Minh Tu said at a press conference on January 3.

Feed firms display sourcing initiative

A new strategy to develop the animal feed processing industry towards 2030 is expected to enhance food quality and safety, lower product prices, and reduce the country’s proportion of imported animal feed.

Predictions for 2024

Gathering strength to promote economic growth, rather than stabilizing the macro economy, is the 2024 message sent by the National Assembly and government.

Improving labour productivity remains a key focus in VN’s development

Vietnam strives to be among the top three countries in Southeast Asia in terms of labour productivity growth.

Buyers tighten spending, businesses get headaches during Tet season

To increase sales, businesses must find ways to diversify sales methods, product types, and implement promotional programmes.

2024 remains challenging for Vietnam's wood sector

Along with the EU, many other markets have also set new and strict policies, causing many difficulties for wood export activities.

VN seaport industry faces potential risks despite gradual recovery in 2024

Regarding the shipping industry as a whole, Tien Phong Securities Company believes that the outlook for 2024 will be more positive due to the gradual cooling down of global inflationary pressures and an increase in demand for goods transportation.

State does not encourage gold bar trading: VN central bank

The State does not encourage the trading of gold bars, protect their prices, nor accept too large differences between domestic and global gold prices, and between SJC and other types of gold bars.

Sidewalk rental is not just to collect fees

Hoàn Kiếm District, the city’s central area, proposed rental on ten streets at 36 locations, including 15 locations on five pedestrians streets of Đinh Tiên Hoàng, Hàng Khay, Hàng Bài, Nguyễn Xí and Lê Thái Tổ.

Vietnam's exports to EU, US see sharp downturn in 2023

Vietnam's exports to the EU and the US in 2023 were estimated to reach around 166 billion USD, a 9.6% decrease while imports were estimated at nearly 41 billion USD, a 9.1% drop in comparison to 2022.

Online sales tax collection over 22 million USD in 2023

Revenue from e-commerce for domestic organisations and individuals reached 536.5 billion VND (over 22 million USD) this year, reported the General Department of Taxation (GDT).

Vietnam’s coffee exports reach nearly 4.2 billion USD in 2023

Vietnam shipped 1.61 million tonnes of coffee abroad in 2023, earning 4.18 billion USD, down 9.6% in volume but up 3.1% in value year-on-year.

Restoring confidence in property market is key to economic growth: experts

In its Vietnam Macro Monitoring report released on December 18, the World Bank pointed out that Vietnam’s economy is still facing difficulties with weak purchasing power despite goods price stability and a lower-than-predicted inflation rate.

Foreign investment attraction one of highlights of Vietnamese economy in 2023

Foreign investment attraction is one of the highlights of the Vietnamese economy in the year 2023 when the world witnessed many difficulties. The arrival of technology corporations to Vietnam to explore opportunities promises a new development.

Vietnam’s 2024 GDP growth target easily obtainable: UNDP economist

Vietnam setting 2024 GDP growth target at over 6 percent is easily obtainable, said UNDP Senior International Economist Jonathan Pincus.

Six Vietnamese billionaires have a combined wealth of $13.3 billion: Forbes

Forbes updates the list of the richest billionaires in Vietnam in 2023.

Stock market capitalisation tops 60% of GDP

The market capitalisation of Vietnam’s stock market approximated 6 quadrillion VND (246.7 billion USD) in 2023, rising 9.5% from and equivalent to about 62% of gross domestic product (GDP) in 2022, statistics show.

Hanoi-HCM City becomes world’s 4th busiest domestic air route

The Hanoi-Ho Chi Minh City air route recorded over 10.8 million seats sold between October 2022 and September 2023, making it the fourth busiest domestic air route in the world in 2023, according to statistics from air travel data provider OAG.

Pivotal year for Vietnam’s telecoms

While fulfilling the annual targets for 2023, the future remains thorny for Vietnamese telecoms giants in a new digital space.