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The need for a strong entrepreneurial force in Vietnam’s economic future

Establishing a strong and competitive private sector is essential for Vietnam's economic independence and sustainable development.

Banks stop bancassurance cooperation

While banks are shifting to selling health insurance policies through non-life insurance channel, life insurance companies are no longer interested in bancassurance because business conditions have changed.

Ministry of Construction calls for action against abandoned real estate projects

The issue of abandoned real estate projects persists even as many low-income residents struggle with housing shortages. The Ministry of Construction outlines steps to reclaim dormant projects and expedite progress on delayed developments.

Taxpayers complain about tax refund procedures, call for simplification

Taxpayers have called on taxation bodies to listen to their legitimate needs and deploy an automatic tax refund policy.

Domestic supply struggles drive Vietnam’s pepper imports to $108 million

Facing limited domestic output and high global prices, Vietnamese companies imported significant quantities of pepper, totaling VND 2.7 trillion ($108 million) in the first 10 months of 2024.

Livestock farms don’t want to create inventories of greenhouse gas emissions

Though pig and cow husbandry generates 18.5 million tons of CO2e each year, the deputy chair of the Vietnam Farm and Agribusiness Association Nguyen Duc Trong has continued to ask for delays in greenhouse gas emission inventory.

State Bank confirms domestic gold prices 5-7% above global levels

The State Bank of Vietnam has reported to the National Assembly that domestic gold prices are currently 5-7% higher than global rates, following comprehensive measures to stabilize the market.

Vietnam’s durian market sees unprecedented 1,057% rise in imports

The latest data reveals a remarkable 1,057% increase in durian imports to Vietnam during the first eight months of this year, highlighting a booming trade in this popular fruit.

Health experts push for 40% excise tax on sugary drinks to combat obesity

Faced with alarming rates of obesity and related diseases, health experts in Vietnam urge the implementation of an excise tax on sugary drinks, aligning with global health recommendations.

Vietnam’s leading breweries see profit gains as beer demand grows

The beer industry in Vietnam experienced notable growth in Q3 2024, with Sabeco and Habeco both reporting higher revenues and profits.

Realtors slowly recover, though difficulties still exist

The Vietnamese real estate market is recovering, though the process has been going slowly. Property firms are applying flexible solutions and seeking support from local authorities to overcome challenges.

Long Son Petrochemical Complex temporarily halts commercial operation

Thailand’s Siam Cement Public Company Limited (SCG) has announced a temporary halt to the commercial operation of its Long Son Petrochemical Complex (LSP) in Vietnam’s Ba Ria-Vung Tau province for additional investment.

Vietnamese exports to US grow as supply chains shift

Vietnam recorded a 24% year-on-year increase in exports to the US in the second quarter, ranking second in the ASEAN region after the Philippines, which saw a 35% rise, according to Nikkei Asia trade data published on its site on October 31.

Vietnam still dominates Philippine rice import

Vietnam continues to assert its dominance as the top rice exporter to the Philippines, with 2.91 million tonnes shipped as of the late October, or over 79% of the Philippines' total rice imports.

VN cements ties with partners to engage in global semiconductor, AI industries

By boosting cooperation with reputable partners across the globe, Vietnam is taking steps to gain a foothold in the world’s semiconductor and artificial intelligence (AI) industries.

TMT Motors struggles with electric car business, reports major losses

TMT Motors, known for importing and selling Chinese electric cars, reported significant financial losses as sales fell short of expectations and high inventory costs mounted.

VN's agricultural sector breaks records with $6.34 billion in fruit exports

Vietnam’s agricultural sector is receiving a series of exciting milestones, with record-breaking exports in rice and coffee. Additionally, fruit exports have reached $6.34 billion in just the first 10 months of this year.

Vietnam aims for 30% electric car adoption by 2030 in climate push

In a bid to curb greenhouse gas emissions, the Ministry of Transport has introduced a plan to have 30% of all cars and 22% of motorbikes in Vietnam be electric by 2030.

Cross-border e-commerce giant Temu completes tax registration in Vietnam

Vietnam’s Tax Authority has confirmed that Temu’s operator has completed tax registration, initiating quarterly revenue declarations to ensure full compliance.

SK Group finalizes 76 million share transfer in Masan group

South Korea’s SK Group completes a major share transfer in Vietnam’s Masan Group, showcasing global investor interest in the Vietnamese market.