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Digital economy expected to reach 18.6 per cent of Vietnam’s GDP

The Ministry of Information and Communications estimates that the digital economy accounted for 16.5 per cent of Vietnam’s GDP in 2023, with projections for 2024 rising to 18.6 per cent.

Apartment prices too high, housing buyers shrink back

Apartment prices are increasing and housing demand is high, but it is difficult to sell apartments at this time.

Traditional taxi firms digitize services to be more competitive

Facing pressure from their foreign rivals, traditional Vietnamese taxi firms have become tech-based and more competitive.

Rattan, bamboo, sedge, and carpet exports gross US$594.8 million

Vietnamese rattan, bamboo, sedge, and carpet exports during the first nine months of the year reached US$594.8 million, marking a rise of 10.3% against the same period from last year.

EV maker Vinfast secures 3.5 billion USD funding

Vingroup, Vietnam’s largest private conglomerate and its Chairman Pham Nhat Vuong, has announced a significant financial commitment to VinFast, the Nasdaq-listed Vietnamese electric vehicle maker.

Pilot programme allowing Vietnamese to gamble in casinos extended

The Vietnamese government is extending the pilot programme to allow Vietnamese to gamble in casinos.

VN wins big in global coffee market, expects greater achievements from EUDR

Vietnamese coffee has had an unprecedented export season, with many records set.

Largest steel mill commits to provide steel for high-speed railway

Hoa Phat Group president Tran Dinh Long has committed to provide 6 million tons of steel of different types to serve the North-South high-speed railway project if the steel manufacturer is chosen as a supplier.

Apartments plentiful, but land and housing prices keep rising

The inventory of apartments, houses and land increased by 52 percent in the third quarter over the previous quarter, according to the Ministry of Construction (MOC). Prices in some localities have led to price increases in the entire market

Vietnam's digital economy continues to record double-digit growth: Report

Vietnam's digital economy is maintaining double-digit growth, driven mainly by e-commerce and online travel, according to a report released recently by Google, Temasek, and Bain & Company.

Vietnam lifts anti-dumping duties on imported cold-rolled stainless steel

The Ministry of Industry and Trade on November 12 announced the termination of anti-dumping duties on cold-rolled stainless steel products imported from China’s Taiwan, Indonesia, Malaysia, and China.

Businesses full of orders, creating driver for stronger export growth

After a period of downturn, many of Vietnam's main export products, such as textiles and footwear, have shown strong recovery, achieving double-digit growth rates.

Construction material industry's revenue to reach 47 billion USD

Despite significant domestic demand due to low housing rates and incomplete infrastructure, Vietnam's construction materials industry faces challenges, according to insiders.

Algeria seeks cooperation opportunities with Vietnam in hi-tech agriculture

Representatives of local firms had a meeting with Vietnamese Ambassador to Algeria Tran Quoc Khanh, as part of his recent visit to the province.

UK stands ready to help Vietnam build international financial hub

The UK’s support for Vietnam in establishing an international financial hub is a significant development that reflects the growing economic ties between the two nations.

Textile, garment exports projected to hit 44 billion USD this year

Textile and garment exports are likely to hit 44 billion USD this year, said Chairman of the Vietnam Textile and Apparel Association (VITAS) Vu Duc Giang.

Vietnam needs transformation to green production to facilitate exports to EU

A conference on green transformation in agricultural and food production for EU market expansion convened on November 13 to explore Vietnam’s potential in environmentally friendly production.

Several localities achieve record-breaking import-export growth

During the first ten months of 2024, Ho Chi Minh City maintained its leading economic position, contributing the largest share of Vietnam’s total import-export turnover, reaching nearly 88 billion USD, up by 7.3 billion USD year-on-year.

Vietnam, Sweden connect port in Vung Tau with Port of Gothenburg

The world’s leading container shipping company MSC announced the expansion of its SWAN service starting in 2025, which will establish the first direct route between the Sweden’s Port of Gothenburg and Vietnam’s Ba Ria - Vung Tau.

Vietnam’s auto sales hit new peak in October with strong demand

Vietnam’s auto market saw record-breaking sales in October, with government discounts and year-end demand driving growth across both domestic and import brands.