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As of the end of 2023, Vietnam boasts 19,400 USD millionaires, marking the fastest growth rate globally for the period from 2013 to 2023. It is projected that the number of millionaires in Vietnam will double in the next decade.
With positive results seen in the first half of this year, foreign direct investment (FDI) inflow in 2024 is hoped to hit 40 billion USD in the whole year, contributing to boosting the country’s growth, according to experts.
The retail market in Ho Chi Minh City shows a shift towards the green consumption trend.
Vietnam earned 4.4 billion USD from exporting aquatic products in the first half of this year, up nearly 7% year-on-year, the Vietnam Association of Seafood Exporters and Producers (VASEP) has reported.
Agriculture ministers of Vietnam and the Philippines have agreed to establish a rice industry alliance between the two countries and upgrade the trade relationship to an investment partnership in the rice industry.
Vietnam's economic growth rate surpasses several countries in the region, with a per capita GDP exceeding $4,300. Has Vietnam entered the high middle-income group?
Recently, Vietnam has seen the proliferation of "junk" bank accounts. These accounts are officially registered but sold to fraudsters for prices ranging from a few hundred thousand to several million VND.
Vietnam grossed US$108 million from exporting 61,000 tonnes of tea during the first half of the year, up 26.7% in volume and 32.1% in value on-year, according to details given by the General Department of Vietnam Customs.
After nearly 40 years of "Doi moi" (Renewal), the State-run economic sector has developed strongly, contributing significantly to building and safeguarding the Fatherland, maintaining macro-economic stability and boosting socio-economic development.
154 solar power projects, previously flagged for violations, will be integrated into the updated National Power Development Plan after resolving their issues.
Not all individuals who owe taxes will have their departure delayed, the process only applies to a small number, according to the General Department of Taxation.
The draft Law on Digital Technology Industry being developed by the Ministry of Information and Communications (MIC) for comments includes six chapters and 90 articles.
Recent forecasts are optimistic about the Vietnamese economy in 2024, with the gross domestic product (GDP) growth rate poised to reach around 7 per cent for the full year, higher than the National Assembly’s target set at 6.5 per cent.
Foreign investors have been heavily net selling on the domestic stock market, focusing on many blue-chip stocks, putting pressure on the domestic market.
The industrial real estate market in Vietnam remains robust as numerous large-scale manufacturers initiate their projects, driving demand and pushing prices higher.
Agribank has announced another auction for the debt of Vietnam's first wind power project developer, the Vietnam Renewable Energy One Member Limited Liability Company (REVN), after four unsuccessful attempts to sell it.
The Republic of Korea (RoK)’s food industry targets Vietnam as a premier market for K-Food as companies entering the Southeast Asian country early continue to consider it as a key market for their overseas business operations, said insiders.
Southeast Asia Clean Energy Facility II (SEACEF II) has invested $10 million in Nami Distributed Energy to advance innovative distributed energy solutions.
Artificial Intelligence is transforming many industries, including cosmetics, according to the leading market expansion services provider DKSH.
Vietnam’s economy will expand by 6.55-6.95% this year, according to a July 9 report by the Central Institute for Economic Management (CIEM) and the German Agency for International Cooperation (GIZ).