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ASEAN and EU emerge as largest importers of Vietnamese steel

Vietnamese steel exports to a number of major markets worldwide witnessed positive signs last year, with ASEAN and EU being the largest buyers, according to the 2023 Import-Export Report.

Key energy project development needs to accelerate for enough power supply

Experts believe that accelerating the development progress of projects in the energy sector can ensure electricity supply in both the short and long terms.

Proposal to amend personal income tax law set for October next year

Minister of Finance Ho Duc Phoc said that the ministry is currently conducting a review and assessment of tax laws, including the Personal Income Tax Law.

Vietnam in race to attract new generation investment

Foreign investment in the first four months of this year reached an estimated US$6.28 billion, a five year high.

Real estate market: supply to increase if three laws take effect

Realtors and experts believe that if the Law on Real Estate Business, Law on Housing and Land Law take effect six months earlier than initially planned, the problems in the market will be settled.

VN wants to develop renewable power sources by using 'direct purchases'

Electricity of Vietnam (EVN) president Dang Hoang An believes that it is possible to create a direct power purchase market with no limitations in terms of buyers and sellers.

HCM City to organise festival of ginseng, medicinal herbs

HCM City will organise the first International Ginseng and Fragrance and Medicinal Herbs Festival in HCM City from May 24 to 26.

E-commerce frauds require utmost in attention from regulators

Great efforts have been made to combat counterfeit goods on e-commerce channels amid booming e-commerce activities.

Industrial real estate market stable in year's first months

The industrial real estate market, particularly in the southern region, held steady in the first months of this year, which experts said was mainly thanks to rebounding imports and exports, and increasing influx of foreign investment.

International experts highly evaluate Vietnamese market's potential

Vietnam’s economy received positive assessments from international experts, becoming one of the most attractive investment destinations in the region.

VN’s Steel industry ranks 12th in world crude steel production

This accomplishment not only highlights the industry’s rapid growth in production output but also signifies its increasing independence and diversification of product types.

Gold business licences to be revoked if there is no e-invoice compliance

Many jewellery businesses do not issue invoices and customers pay directly in cash.

Police continue urging victims to come forward in $1b bond fraud

Police are continuing to urge victims to come forward and provide any relevant information and documents in a VNĐ30 trillion (US$1.18 billion) bond fraud case, part of what is considered the largest financial scandal in Vietnam’s history.

Robust opportunities for US exports of agricultural products to VN

The US exported $3.1 billion in agricultural products to Vietnam in 2023, the third largest agricultural exporter to Vietnam after China and Brazil.

Foreign capital outflows continue, Korean & Taiwanese investments boost stocks

Taiwanese and Korean capital flowing through ETFs into Việt Nam experienced a positive surge, according to data from FiinTrade.

US company Marvell sets up semiconductor design center in Da Nang

US company Marvell Technology, Inc., which offers infrastructure semiconductor solutions, has announced the opening of a new design centre in Da Nang City.

Central bank to inspect gold trading activities

The State Bank of Vietnam (SBV) on May 17 issued a decision to inspect the compliance with policies and laws in gold trading activities of credit institutions and gold trading enterprises.

More gold bullion auctions slated for May 21, 23

The State Bank of Vietnam (SBV) on May 17 announced that it will hold two more gold auctions on May 21 and 23, each will offer 16,800 taels of SJC-branded gold bars.

Domestic brewers struggle to recover amidst ongoing challenges

Beverage companies are currently operating at less than 80 per cent of their pre-pandemic capacity.

Exchange rate stabilised but losses significant due to surging dollar

The dollar has surged by 5.9 per cent against the VNĐ since the beginning of the year, severely hurting domestic businesses’ financial performance in the first and second quarters of 2024.