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Thailand becomes Vietnam's second largest durian importer

Thailand, the world’s biggest durian exporter with a total export turnover of 7 billion USD, became Vietnam's second largest importer of this fruit in the first four months of 2024.

Challenges remain in stablising gold market

More administrative tools will be introduced next week to stablise the gold market and reduce the gap between domestic and global gold prices.

Viettel, VNPT and MobiFone dominate local mobile-service market

The Ministry of Information and Communications (MIC) is drafting a circular naming a list of telecom service providers with the dominant market position for State-managed telecommunications services.

Vietnam holds fourth largest two-wheeler market globally

Despite motorcycle sales continuing to decline in the first quarter of the year, the nation remains the second largest motorcycle market in all of Southeast Asia and the fourth worldwide.

Over 30% of Vietnamese consumers are interested in EVs: report

More than 30% of Vietnamese consumers are interested in purchasing electric vehicles (EVs), according to a recent Deloitte’s global automotive consumer study.

Gas-fired power projects stalled, three super-projects cannot find investors

Little progress has been reported for most gas-fired power projects. Minister of Industry and Trade Nguyen Hong Dien has asked for measures to speed up project implementation.

Vietnamese fruit exports boom, lychee crop faces declined output

Vietnam's fruit and vegetable exports are flourishing, with an annual 28.1% increase in value to 2.59 billion USD recorded in the first five months of this year.

Companies embrace IPOs for new investment opportunities amid potential risks

Numerous businesses are revisiting the idea of issuing shares to the public for their initial public offering (IPO), which presents fresh investment prospects but also carries considerable risks.

Government urged to create legal framework for LNG imports

Experts believe that use of LNG (liquefied natural gas) will continue, but Vietnam still doesn’t have a legal framework on LNG import and business.

Vietnam faces green financing hurdles

Capital flows into Asia, particularly Vietnam, are driven by substantial infrastructure needs and the demand for green financing.

Real estate to benefit from FDI, revisions to Land Law

The sluggish property market is expected to benefit from a surge in foreign direct investment and amendments to the Land Law, experts told a forum in HCM City on Wednesday.

Hanoi attracts $1.12b in from foreign investment in five months

Hanoi attracted US$1.12 billion in foreign direct investment in the first five months of 2024.

The rapid development of solar and wind power in Vietnam

Since 2017, many solar power and wind power projects have been implemented in Vietnam, marking the country as a bright spot on the world's renewable energy map.

Four State-run banks authorized to sell gold from June 3

The State Bank of Vietnam (SBV) has announced that it will sell gold bars directly to four state-run commercial banks that will then retail the metal to the public, starting from June 3.

Daily electricity consumption exceeds 1 billion kwh for first time

Due to intense heat waves, the electricity consumption across the country reached a new record of 1.001.9 billion kWh on May 28, surpassing the 1 billion kWh mark for the first time in history.

Vietnam Business News May 30/2024

Digital and green transformation determined as strategic choices

Vietnamese coffee exports to Spain more than double in value

Vietnamese coffee exports to the Spanish market reached approximately 55,380 tonnes in the first four months of this year, worth US$193.1 million, an increase of 53.7% in volume and 136.6% in value compared to the same period last year.

Vietnamese authorities to crack down on tax evasion

Vietnamese authorities will crack down on tax evasion by implementing strict measures to ensure individuals and businesses fulfill their tax payment obligations.

China speeds up investment in Vietnam

An upward trend has been recorded in Chinese recent investments in Vietnam, which is hoped to help fuel the industries the country has demand for such as high technology, renewables, supporting industries, electronics, and green finance.

Cashless payment develops rapidly in VN amid security concerns

At the end of last year, there were 182 million personal payment accounts in Vietnam, with just over 87 per cent of adults owning payment accounts.