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PM directs SBV, finance ministry to take urgent action amid tariff pressure

Vietnam Economic News - Thu, 04/24/2025 - 22:55
“The SBV also needs to effectively use management tools to appropriately regulate foreign exchange rates and interest rates with an aim to meet capital needs for the economy and maintain stability in the monetary, foreign exchange and gold markets, besides ensuring the safety of the credit institution system,” the PM noted.

PVI sets strategic 2025 targets after strong 2024 performance

Vietnam Economic News - Thu, 04/24/2025 - 22:48
Solid performance in 2024 enabled PVI to approve a 31.5 per cent cash dividend—its third-highest ever and the tenth year in a row above 20 per cent.

VinFast to suspend expansion in western markets, shift to Asia: Vingroup chair

Vietnam Economic News - Thu, 04/24/2025 - 22:29
A new VinFast factory will be built in India and one will go into operation in Indonesia later this year.

Việt Nam emerges as key growth engine in Boeing’s Southeast Asia strategy

Vietnam Economic News - Thu, 04/24/2025 - 17:43
According to Boeing’s latest Commercial Market Outlook (CMO), Southeast Asia is the fastest-growing aviation region in the world and Việt Nam is leading the way with an annual growth rate of more than eight per cent—higher than any other country in the region.

Market extends recovery as foreign investors return to bottom-fishing

Vietnam Economic News - Thu, 04/24/2025 - 17:08
At the close, the VN-Index rose by 12.35 points, or 1.02 per cent, to 1,223.35 points. Market breadth remained positive, with 200 gainers outpacing 102 decliners.

Viettel breaks ground on high-tech data centre

Vietnam Economic News - Thu, 04/24/2025 - 15:57
The project, located in Tân Phú Trung Industrial Park, Củ Chi District, HCM City, is set to become a mega-scale data centre, ranked among the top 10 in Southeast Asia.

Việt Nam, Japan ink strategic oyster industry partnership

Vietnam Economic News - Thu, 04/24/2025 - 15:39
The two sides will work together to develop a value chain for Vietnamese oysters that meets Japanese standards, targeting both domestic and export markets.

PM urges drastic measures to ensure power supply for peak period

Vietnam Economic News - Thu, 04/24/2025 - 15:36
Prime Minister Phạm Minh Chính sent a dispatch to three ministries and energy groups, urging them to ensure there is enough electricity for the peak months of the year.

E-commerce market continues to grow, but has become more polarised: report

Vietnam Economic News - Thu, 04/24/2025 - 13:22
The total sales of the e-commerce market in the first quarter of the year reached US$3.9 billion, a 42.3 per cent increase compared to the same period in 2024.

Thanh Hóa launches international bidding for mega project worth $2.11 billion

Vietnam Economic News - Thu, 04/24/2025 - 13:13
Bidders must have a minimum equity capital of VNĐ8.26 trillion and the ability to mobilise loans of up to nearly VNĐ55.07 trillion. 

SABECO profit rises 5.6% in 2024, targets 8% growth in 2025

Vietnam Economic News - Thu, 04/24/2025 - 12:19
Saigon Beer-Alcohol-Beverage Corporation (SABECO) posted a 5.6 per cent increase in after-tax profit in 2024, reaching nearly VNĐ4.49 trillion, with revenue growing by 4.6 per cent to VNĐ31.8 trillion.

HCM City set to modernise crumbling traditional markets

Vietnam Economic News - Thu, 04/24/2025 - 11:06
With many of its traditional markets being rundown, consumer preferences evolving and competition from modern retail formats increasing, HCM City is trying to modernise and revitalise them, according to its Department of Industry and Trade.

Ministry ensures smooth transition in Certificates of Origin procedures

Vietnam Economic News - Thu, 04/24/2025 - 10:24
18 regional Export-Import Management Offices under the MoIT are to handle the issuance of non-preferential Certificates of Origin (C/O), non-manipulation certificates (CNM), and REX code registration.

Sugary drink tax adds to burden on struggling businesses, industry insiders say

Vietnam Economic News - Thu, 04/24/2025 - 09:23
Many companies in the sector have reduced production by 20-30 per cent, leading to workforce cuts and lower incomes. Some businesses, despite having annual budgets in the billions of đồng, have been forced to close their doors.

Việt Nam, Czech strengthen investment activities in technology, finance

Vietnam Economic News - Thu, 04/24/2025 - 09:22
Speaking at the forum, Czech Minister of Finance Zbyněk Stanjura highlighted Việt Nam as their most important trade partner in the ASEAN region, with bilateral trade exceeding US$4 billion in 2024.

Banks ramp up infrastructure lending amid growth ambitions and credit risks

Vietnam Economic News - Thu, 04/24/2025 - 08:23
Vietnamese banks are injecting trillions of đồng into strategic infrastructure projects to support the country’s ambitious growth targets, though experts caution that the credit expansion brings underlying risks requiring clearer regulation and stronger fiscal discipline.

Businesses should find solutions to adapt to US imposing high import taxes

Vietnam Economic News - Thu, 04/24/2025 - 08:21
The recent 'earthquake' caused by the US’ imposition of reciprocal tariffs has once again sounded the alarm about a rapidly evolving and unpredictable global trade order.

Dabaco reports record Q1 profit on high prices for pigs

Vietnam Economic News - Thu, 04/24/2025 - 08:20
The firm's good performance is attributed largely to the effective management of livestock and poultry diseases and sustained high prices for pigs.

Investment funds seize opportunities amid market correction

Vietnam Economic News - Thu, 04/24/2025 - 08:20
While short-term fluctuations will undoubtedly impact fund performance, experts advise investors against attempting to trade mutual funds for quick profits. 

PM urges SYRE to invest in green, circular textile industry in Việt Nam

Vietnam Economic News - Thu, 04/24/2025 - 00:35
SYRE is planning a US$1 billion investment in a polyester fabric recycling complex in Binh Dinh province, with the aim of turning Việt Nam into the world’s first high-tech circular textile hub meeting US and EU sustainability standards, aligned with Việt Nam's net-zero emissions goal.

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