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Regulations on virtual assets go hand-in-hand with anti-financial crimes

Vietnam, added to the Enhanced Monitoring List (Gray List) in June 2023, faces potential reductions in GDP, foreign direct investment (FDI), and other capital flows, according to the IMF.

Animal husbandry association calls for curb on illegal imports

Several associations in Vietnam have sent a joint letter to the government and National Assembly calling for support to tighten meat import regulations as they are facing threats from the large imports of low-quality meat products.

Vietnam maintains spot as world's sixth largest fibre exporter

Vietnam has continued to retain its position as the sixth largest fibre exporter in the world, just behind China and Bangladesh, and above the Republic of Korea, since 2022.

Japan seeks to boost seafood processing collaboration with Vietnam

With a thriving seafood processing industry and many high-quality processing plants, Vietnam has been chosen by Japanese enterprises for partnership in processing products for export to various markets such as the US and ASEAN countries.

Foreign capital set to dominate Vietnam’s M&A landscape

The positive trend of foreign capital in the M&A market this year follows the momentum of 2023, where the top five largest deals involved foreign investors.

Vietnam's stock market expected to be upgraded to new status by 2025

The upgrading of the Vietnamese stock market to an emerging market has been long awaited by investors.

Finance Ministry to scrutinise insurance sales

The Ministry of Finance has announced its plans to inspect the sales of insurance products through credit institutions and foreign bank branches in Vietnam.

PM urges enhancing credit access, absorption to fuel growth

Prime Minister Pham Minh Chinh on March 14 chaired a conference launching this year’s monetary policy-related tasks to tackle production and business obstacles, facilitate growth, and maintain macro-economic stability.

Foreign exchange rate cools after central bank’s intervention

US dollar price in both official and unofficial markets has cooled down after the State Bank of Vietnam (SBV) intervened to reduce the speculation of the greenback on the domestic market.

Local distributors should be encouraged to sell made-in-VN green products

It is necessary to develop policies to encourage domestic distribution systems to give priority to selling products made by local producers who are making effort to promote green and circular production and business ethics, experts have said.

Amended laws expected to spark real-estate boom

The 2024 Land Law is expected to encourage investment in Vietnam and attract overseas remittances (kieu hoi) to Vietnam.

VN banks remain reluctant in disclosing interest rates

It's neither beneficial nor possible at times for commercial banks to make their interest rates public, as instructed in Government Directive No. 18 dated March 5, said industry experts and insiders.

Binh Dinh Province to build 840-hectare industrial park

The People’s Committee of Bình Định province has officially approved a project to build Phù Mỹ Industrial Park in Phù Mỹ District.

Van Thinh Phat chairwoman offers to sell assets to compensate for damages

During an ongoing trial in HCM City, the 68-year-old real estate tycoon said she would use her personal assets, excluding those seized and frozen by the police, to resolve the consequences of the fraud case if found guilty.

Vietnam prefers cars imported from Indonesia

The number of imported completely-built units (CBU) during the opening two months of the year was estimated to be at 16,452 with a value of over US$345 million, with the majority of cars being imported from the Indonesian market.

Vietnamese economy making dynamic shift with robust growth: Hong Kong news site

The economy of Vietnam is going through a dynamic shift, marked by robust growth and the development of several key trends supporting a stronger looking future, according to an article recently published by asianinsiders.com.

Task is tough to realise business environment goals

Despite great efforts to improve the business environment and simplify administrative procedures, there are still many complexities undermining businesses.

Vietnamese dong likely to strengthen toward year end: UOB

The Vietnamese dong or VND is expected to strengthen slightly against the US$ in the latter half of this year, along with the country's economic recovery and the anticipated weakening of the greenback, according to Singapore-based bank UOB.

Real estate news for March 4-11

The real estate market showed signs of warming up with social housing projects on sale last week.

SBV issues treasury bills to cool down USD/VND exchange rate

While liquidity in the banking system is abundant and the pressure on the USD/VND exchange rate is high, the State Bank (SBV) issued a large amount of treasury bills to regulate Vietnamese dong liquidity, helping to cool down the exchange rate.