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Chairwoman scams 1,600 investors, embezzles $16mil in fake real estate projects

Le Thi Hien, chairwoman of the Vietnam Cooperative Alliance and Global Market Group, lured 1,600 investors into fraudulent real estate projects, stealing nearly $16 million before being arrested.

Vietnam’s Ministry of Finance takes over 18 major state-owned enterprises

In an unprecedented move, Vietnam has transferred 18 state-owned enterprises, including PetroVietnam and EVN, to the Ministry of Finance, reshaping state asset management.

Vietnam imposes travel bans on individuals with overdue tax debts of $2,000+

Vietnam’s new Decree 49 enforces exit bans on individuals and business owners with overdue tax debts of at least 50 million VND ($2,000) for over 120 days. Legal representatives of companies owing over 500 million VND ($20,000) are also affected.

Vietnam mulls revising its Power Development Plan

Experts have outlined three key areas for PDP VIII’s revision, including updating legal frameworks, assessing the power system’s operations and forecasting socio-economic growth and electricity demand.

Vietnam adapts agricultural exports to market fluctuations

Amid global trade uncertainties, Vietnam is prioritising compliance with international market requirements to maintain and expand its agricultural exports.

VINASME proposes reduction of corporate income tax

Vietnam’s corporate income tax rate of 20 per cent is higher than in Singapore (17 per cent) and Brunei (18.5 per cent).

Vietnamese products rise from villages to global markets

The application of new technologies in production and close collaboration between farmers and businesses have significantly contributed to taking Vietnamese products from rural areas to the global stage, which is a challenging but inspiring journey.

What is happening with Rang Dong Plastic and Dien Quang?

All five board members of Rang Dong Plastics have resigned. Rang Dong, together with Dien Quang, are businesses linked to former Deputy Minister of Industry and Trade Ho Thi Kim Thoa.

Vietnam emerges as key hub for int’l textile manufacturers

Vietnam’s textile sector, comprising around 7,000 companies and over 3 million workers, dedicates 80% of its production capacity to exports and 20% to domestic consumption.

Metro Line 1 prompts investments in HCM City's eastern apartment market

Ho Chi Minh City’s apartment supply is expected to exceed 40,000 units by 2027, with Thu Duc city accounting for half, according to Savills Vietnam.

Trade through Mong Cai border gate surges over 58%

More than 300,000 tonnes of goods were traded through the crossing points of the Mong Cai International Border Gate as of late February, a 56.4% increase year-on-year.

Banks begin reducing deposit interest rates in response to PM’s direction

Several commercial banks have started reducing deposit interest rates by 0.1 to 0.4 percentage points in response to the Prime Minister’s direction to lower rates to help achieve the Government’s 8% growth target in 2025.

Vietnam's retail real estate has great potential for development in 2025

Vietnam's retail market with positive growth prospects will support the development of the commercial real estate market this year, according to experts at the “Vietnam Retail 2025: Opportunities in Real Estate” event held on February 27.

HCM City real-estate market predicted to recover this year

2025 will serve as a crucial foundation year for the real estate sector in Ho Chi Minh City, marking the path towards a full recovery by 2026 after facing challenges caused by COVID-19 and economic recession, experts predicted.

PM urges VNese, Chinese firms to realise high-level agreements through actions

Prime Minister Pham Minh Chinh suggested connecting the two economies and business communities to further nurture the Vietnam – China comprehensive strategic cooperative partnership.

Vietnam – a land of opportunities for Nordic firms

Ole Linnet Juul, Senior Chief Advisor of the Confederation of Danish Industry, commended Vietnam’s recent strides, particularly in institutional reforms, technological advancements, innovation, and digital transformation.

Banking sector urged to expand credits to support economic growth

SBV Deputy Governor Dao Minh Tu stated that an average credit growth of over 2% would contribute to a 1% increase in the country's GDP.

State capital ownership rights transferred to Ministry of Finance

The Commission for Management of State Capital at Enterprises (CMSC) on February 28 transfered the rights and responsibilities of the agency representing state capital ownership to the Ministry of Finance.

Vietnam pushes to elevate stock market

Vietnam will create favourable conditions for the stock market to develop more breakthrough and innovative products, enhancing the quality of market offerings and attracting more investors.

Petrovietnam takes actions to carry out Ninh Thuan 2 nuclear power project

With an urgent timeline to put the plant into operation by 2030 or 2031, the project faces significant challenges and requires a shift to a more flexible, accelerated management approach.