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VEPR expects Vietnam’s GDP growth this year to reach target

The Vietnam Institute for Economic and Policy Research (VEPR) expects the country's GDP growth in the fourth quarter of 2024 to reach 7.4%, thus meeting the 7% target for the whole year set by the Government.

US initiates administrative review on Vietnam’s oil country tubular goods

The US Department of Commerce (DOC) has initiated an administrative review of anti-dumping duties on oil country tubular goods (OCTG) from Vietnam, according to the Trade Remedies Authority of Vietnam under the Ministry of Industry and Trade (MoIT).

Vietnam’s coffee exports exceed 5 billion USD in 2023-2024 crop year

Vietnam’s coffee exports exceeded the 5 billion USD mark for the first time in the 2023-2024 crop year that lasted from October 1, 2023 to September 30, 2024.

Avoiding the middle-income trap: How Vietnam can reach new heights

Like an airplane needing speed to take off, Vietnam's economy must gain momentum in the coming years to overcome challenges and reach new heights. Without acceleration, the risk of stagnation looms.

Vietnam needs stronger contingent of entrepreneurs: expert

Nguyen Dinh Cung, former head of the Central Institute of Economic Management (CIEM), one of the main authors of the Enterprise Law, described as a "revolution in thinking", talked to VietNamNet about the development of the private economic sector.

MOF drafts regulation for carbon credit market, MARD aims to sell credits abroad

Under a plan of the Ministry of Finance (MOF), Vietnam would not sell carbon credits abroad in the first phase of the carbon credit market.

Investors buy abandoned land plots to build pickleball courts in Hanoi, HCM City

Experts have noted a search in the suburbs of Hanoi and HCM City to build pickleball courts on abandoned plots.

Areca nut prices soar, farmers get windfall, but price drop anticipated

The price of farm produce skyrocketing at first and then plummeting has been a phenomenon that has occurred in the past and is now happening with areca nuts.

VN mulls restrictions for individual investors of private corporate bonds

Placing restrictions for individual investors in buying and selling private corporate bonds is a step in the right direction. Still, it’s important to ensure that capital flows from investment funds and other financial institutions stay undisrupted.

Over 42% of firms foresee better business performance in Q4

Over 42% of 30,587 enterprises in the processing-manufacturing sector that joined a recent quarterly survey by the General Statistics Office (GSO) expect their business performance in the fourth quarter of 2024 to be better than Q3.

The untapped wealth of Vietnam: 20 billionaires in the shadows

Vietnam’s private enterprises have grown significantly, but they still lag behind global competitors. With around 20 hidden billionaires, experts say the country's private sector has room for much more expansion.

Taxation dept reconsiders tax-debt limit to prevent people from exiting country

The General Department of Taxation (GDT) said it would reconsider the level of tax debt that is required to prevent businesspeople from exiting the country.

Green rice revolution reaps nationwide benefits

Prime Minister Phạm Minh Chính has said we must "breathe life into the rice plants," instilling new vitality in the rice industry through digital technology, green development, circular economy, and innovation.

Prices of fresh areca nuts in Vietnam hit record highs due to Chinese demand

Prices of fresh areca nuts in Vietnam have surged to record highs, primarily driven by strong demand from China.

Vietnam’s FDI expected to hit 39 - 40 bln USD this year

Vietnam expects to attract 39-40 billion USD in foreign direct investment (FDI), according to forecasts to the end of the year.

Nineteen State-owned enterprises estimate pre-tax profit of over 2 bln USD

Pre-tax profit of parent companies of 19 corporations and parent companies under the Commission for Management of State Capital at Enterprises (CMSC) is estimated to reach 50.36 trillion VND (2.08 billion USD) in the first nine months of the year.

Old apartments with peeling, moldy walls in Hanoi offered for VND4 billion

New apartments in Hanoi have been marketed at sky high prices, while old, degraded apartments are still selling for VND70 million per sq m.

Electricity retail prices increase, affecting tens of million of clients

The average electricity retail price has been raised to VND2,100 per kwh. It is estimated that tens of million of electricity consumers will be affected by the decision, while producers will have to pay the highest additional amount.

Vietnam achieves historic record in fruit export revenues to China

The issuance of official export permits has driven record-breaking export revenues from key fruits to China, highlighting Vietnam's growing influence in the market.

VN aims to have 3-5 urban areas with regional and international stature

Building a smart urban area network at the national and regional levels for international connections and developing 3-5 cities with international stature are two of the goals set by the 2021-2030 urban and rural area development planning.