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State-owned enterprises invest over US$6.6 bln overseas

As many as 30 State-owned enterprises invested over US$6.6 billion overseas by the end of 2022, according to a report of the Ministry of Finance.

Vietnam to meet its commitments in automobile import sector

Vietnam, as an open economy with multiple Free Trade Agreements (FTAs) in place, is committed to fulfilling its obligations in the automobile import sector.

State budget overspending estimated to account for 4% of GDP

The State budget overspending in 2023 is expected to be equivalent to 4 percent in 2023, lower than the previous forecast of 4.42 percent, according to the Ministry of Finance (MoF).

Chinese vehicles seeks to make mark in VN’s auto market

The entry of Chinese automakers into the Vietnamese auto market presents both opportunities and challenges for consumers and competitors in Việt Nam, according to local car experts.

High-quality seaport system to be developed synchronously

According to the national Seaport System Development Master Plan in the period 2021-2030 with a vision to 2050, Vietnam will have a modern seaport system with many seaports.

Vietnam among fastest growing emerging Asian markets in next five years

Over the medium-term outlook for the next five years, a number of key drivers are expected to continue to make Vietnam one of the fastest growing emerging markets in the Asian region.

Vietnam's external debt under control

The Government’s debt repayment in 2023 is done as committed and within the approved estimate by competent authorities, as stated in the report on public debt status in 2023.

Still lot of ground to cover for VN's logistics sector

There is still much to be done in order to develop Vietnam's logistic infrastructure and capacity despite improvement across the sector in recent years, heard participants at the Logistics Vietnam 2023 conference held yesterday in Hanoi.

Vietnamese GDP likely to see 6% rise this year, say analysts

Vietnam’s economic growth is predicted to expand by between 9.3% and 10.6% in the fourth quarter, thereby achieving annual GDP growth of 5.8% to 6% providing that growth drivers are fully tapped into and the global market rallies.

Coal suppliers to prioritize purchasing coal from Laos

The Ministry of Industry and Trade required coal suppliers to prioritize importing coal from Laos to meet the demands of thermal power plants in the dry seasons of 2023-2024.

Ca Mau to subsidise flights to local airport

Ca Mau Provincial People's Committee proposed a plan to offer subsidies for airlines to the Provincial People's Council to encourage the operation of flights to the local airport.

Vietnam’s finance and banking sector changes thanks to AI

AI technology applications have helped commercial banks increase the effectiveness of customer support.

Vietnam rice exports surge to new record revenue

Vietnam set a new record in rice export revenue in the first nine months of 2023 thanks to the increasing price of exported rice, according to the Ministry of Agriculture and Rural Development.

Korean group Lotte launches first mega commercial complex in Vietnam

Lotte Shopping is on the way to expanding its presence in Asia by launching Lotte Mall West Lake Hanoi.

Vietnamese exports face US trade defence measures

The US’s increased trade defence measures on imports in general and Vietnamese goods in particular has made it increasingly hard to export to this market, according to Counsellor and head of the Vietnam Trade Office in the US Do Ngoc Hung.

JETP helps transform VN economy towards green, climate-resilient manner

The successful implementation of Vietnam’s Just Energy Transition Partnership (JETP) will help Viet Nam transform its national economy to one that is green, low-carbon and climate-resilient,

Cross border trade through Mong Cai border gate reaches $2.5bil in 9 months

The value of export-import goods going through the Mong Cai border gate in the northeastern province of Quang Ninh reached nearly 2.5 billion USD in the first nine months of the year, according to the Mong Cai city’s People's Committee.

Unable to borrow capital, coal-fired power developers switch to LNG projects

The developers of coal-fired projects have no other choice than to invest in gas-fired power plants. However, there are still no policies for the transition.

Exporters take advantage of global deals to expand reach

Vietnam is making strides to expand export markets, which has brought about a remarkable increase in revenues and a major change in structure.

Vietnam outlook positive for attracting investment

Green energy, semiconductors, healthcare and high-tech are among the sectors in which Vietnam attracts the most interest from foreign investors, according to VinaCapital Group.