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Việt Nam struggles with millions of tonnes of excess cement, says MoC

Vietnam Economic News - Fri, 03/21/2025 - 09:25
The Ministry of Construction said it had proposed adding cement sector planning to the list of specialised technical planning under the Planning Law, but the proposal was not approved by the National Assembly.

Foreign ownership at acquirers of weak banks to rise to 49%

Vietnam Economic News - Fri, 03/21/2025 - 09:01
The new decree also regulates that the total share ownership of foreign investors at a Vietnamese non-bank credit institution will also not be allowed to exceed 50 per cent of the institution’s charter capital.

Việt Nam remains among Asia’s most attractive real estate markets: JLL

Vietnam Economic News - Fri, 03/21/2025 - 08:25
JLL, a renowned market research company, anticipates a revitalised Vietnamese real estate sector in 2025, fueled by positive investor sentiment, lower borrowing costs, and increased transaction activity across key asset categories, as highlighted in its latest report, "Vietnam Property Market Outlook 2025: A New Chapter in Economic Growth."

Steel sector faces challenges

Vietnam Economic News - Fri, 03/21/2025 - 08:05
China’s steel exports are a primary concern, as its producers offload surplus supply amid weak domestic demand, potentially undermining local industry and employment.

Businesses struggle to absorb credit

Vietnam Economic News - Fri, 03/21/2025 - 07:23
In HCM City, banks are working directly with industry departments and enterprises to identify challenges and enhance access to financing, particularly in key sectors such as agriculture, social housing, high-quality rice production and coffee exports.

RoK to establish integrated logistics centre in Đồng Nai

Vietnam Economic News - Thu, 03/20/2025 - 22:24
The facility will cover over 55,000 sq.m of land, with a total floor area of 26,168 sq.m. The project is being developed through a joint venture with Lotte Global Logistics in Việt Nam, supported by the global logistics supply chain fund.

Hải Phòng, Yunnan boost ties in free trade zone development

Vietnam Economic News - Thu, 03/20/2025 - 22:23
A cooperative framework will be established between Hải Phòng's economic zones and the Yunnan Free Trade Zone in the time ahead.

VNA expands flight frequency between Hà Nội and two cities in India

Vietnam Economic News - Thu, 03/20/2025 - 21:26
Vietnam Airlines (VNA) has announced that it will expand its international network with new flights connecting Hà Nội to two major cities in India, Bengaluru and Hyderabad, starting in May 2025.

Thailand Week 2025 returns to Hải Phòng after three-year hiatus

Vietnam Economic News - Thu, 03/20/2025 - 21:25
This year’s programme will feature more than 50 businesses and over 70 booths, showcasing high-quality products across seven key sectors.

Vingroup proposes metro line linking downtown HCM City, outlying district

Vietnam Economic News - Thu, 03/20/2025 - 21:18
Việt Nam’s largest private corporation Vingroup has summited a proposal to the HCM City People's Committee for a metro line connecting the city downtown and the outlying Cần Giờ district.

Retail fuel prices rise slightly

Vietnam Economic News - Thu, 03/20/2025 - 21:08
According to the latest adjustment, RON 95-III, the most commonly used gasoline in Việt Nam, has increased by VNĐ440 to VNĐ20,080 ($0.79) per litre, while E5 RON 92 has risen by VNĐ410 to 19,690 per litre.

US companies vow to expand investment in Việt Nam

Vietnam Economic News - Thu, 03/20/2025 - 17:16
Việt Nam wants to maintain stable cooperation with the US and is proactively adapting to policy changes to safeguard its economy and sustain sustainable growth, the legislator said.

Đà Nẵng, HCM City receive recommendations for development of financial centres

Vietnam Economic News - Thu, 03/20/2025 - 17:13
Vice Chairman of the Đà Nẵng’s People’s Committee Hồ Kỳ Minh said that the city received comprehensive recommendations on core principles for building a successful financial centre.

BJC BIGC Thailand continues expansion into Việt Nam’s retail market

Vietnam Economic News - Thu, 03/20/2025 - 17:00
Việt Nam is a promising market for Thai businesses, said Thailand Trade Representative Umesh Pandey during his working visit to Việt Nam.

Việt Nam aims for private economy to contribute 70 per cent of GDP

Vietnam Economic News - Thu, 03/20/2025 - 16:43
Việt Nam is placing significant emphasis on the private sector as a key driver of its long-term growth strategy, targeting a contribution of 70 per cent to its GDP by 2030.

Việt Nam named among the 20 fastest-growing economies

Vietnam Economic News - Thu, 03/20/2025 - 16:23
The International Monetary Fund (IMF) has forecast that Việt Nam is among the 20 fastest-growing economies in the world this year.

Market falls slightly amid increased profit-taking pressure

Vietnam Economic News - Thu, 03/20/2025 - 16:16
Market breadth remained negative, with 190 declining stocks, 125 gainers and 51 unchanged.

Ethiopian Airlines to launch new passenger service to Hà Nội from July

Vietnam Economic News - Thu, 03/20/2025 - 16:06
In its announcement, the airline said the new route will further enhance Ethiopian Airlines' global connectivity and provide convenient travel options for passengers travelling between Africa and Southeast Asia.

World Bank pledges continued support for Việt Nam’s high-quality, low-emission rice project

Vietnam Economic News - Thu, 03/20/2025 - 14:06
Việt Nam is a pioneer in low-emission rice farming, a senior WB official has said, adding that many people around the world are eager to visit the country to learn from this model.

Canadian company to build test kit factory in Bình Định

Vietnam Economic News - Thu, 03/20/2025 - 14:01
Gene Bio Media is planning to establish a diagnostic test kit manufacturing facility in Bình Định Province, with a total estimated investment of US$10-20 million.

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