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Gloomy picture for cement industry as supply far exceeds demand

Vietnam Economic News - Mon, 01/27/2025 - 09:20
While cement supply is projected to reach approximately 124.75 million tonnes this year, domestic demand is only expected to be around 63.5 million tonnes.

Việt Nam establishes investment support fund to attract more major tech investors

Vietnam Economic News - Mon, 01/27/2025 - 08:56
It creates the framework for the fund, providing cash grants and subsidies to enterprises with qualified investment projects in Việt Nam.

Việt Nam sets import tariff quotas for salt and poultry eggs in 2025

Vietnam Economic News - Sun, 01/26/2025 - 21:53
The Ministry of Industry and Trade has announced import tariff quotas for salt and poultry eggs for 2025, aiming to meet domestic production and consumption needs.

Electronics industry booms in 2024 with record export turnover

Vietnam Economic News - Sun, 01/26/2025 - 09:38
Economist Nguyễn Trí Hiếu outlined political stability and security as important factors helping Việt Nam attract international investors in the electronics support industry.

Việt Nam embraces circular economy with national action plan till 2035

Vietnam Economic News - Sun, 01/26/2025 - 08:58
Between now and 2030, Việt Nam is committed to reducing the extraction and use of non-renewable and water resources, while simultaneously enhancing the efficiency of resource, material and energy usage.

VN to speed up development of its semiconductor industry

Vietnam Economic News - Sun, 01/26/2025 - 08:38
The Ministry of Industry and Trade (MoIT) has started implementing Decision No. 152/QĐ-BCT, approved by the Politburo, to speed up the development of Việt Nam’s semiconductor industry.

PM approves Việt Nam carbon market development project

Vietnam Economic News - Sat, 01/25/2025 - 22:14
On January 24, the Prime Minister issued Decision No. 232/QĐ-TTg to approve the establishment and development of Việt Nam’s carbon market.

Masan posts profit of $79.9 million in 2024, aims for 52% profit growth in 2025

Vietnam Economic News - Sat, 01/25/2025 - 20:37
Subject to customary corporate approvals, macroeconomic conditions and consumer market recovery, Masan forecasts that net revenue for 2025 will range between VNĐ80 trillion (over $3.1 billion) and VNĐ85.5 trillion ($34 billion), representing a seven to 14 per cent growth year-on-year.

Việt Nam-Singapore trade hits record high in 2024

Vietnam Economic News - Sat, 01/25/2025 - 20:18
Việt Nam’s trade value with Singapore hit an all-time high in 2024, surpassing SG$31.67 billion (approximately US$23.5 billion).

Vietnamese footwear companies urged to boost green exports

Vietnam Economic News - Sat, 01/25/2025 - 17:32
Applying green export standards would improve Vietnamese footwear enterprises' brand value and their competitiveness in the global market.

Shareholders vote against selling KIDO Foods shares 

Vietnam Economic News - Sat, 01/25/2025 - 10:26
KIDO Corporation held an extraordinary shareholders' meeting to gather opinions on issues related to the sale of ownership shares in KIDO Foods Joint Stock Company.

Shareholders voted against selling KIDO Foods shares 

Vietnam Economic News - Sat, 01/25/2025 - 10:26
KIDO Corporation held an extraordinary shareholders' meeting to gather opinions on issues related to the sale of ownership shares in KIDO Foods Joint Stock Company. 

VN’s auto market sees return of Chinese cars

Vietnam Economic News - Sat, 01/25/2025 - 08:04
The return of Chinese car brands to Việt Nam, particularly with a focus on affordable electric vehicles (EVs) and modern features, represents a significant evolution in their market strategy.

Việt Nam tech giant FPT rides high profit

Vietnam Economic News - Fri, 01/24/2025 - 23:35
Việt Nam tech giant, FPT has achieved impressive financial results in 2024, reporting a revenue of nearly VNĐ63 trillion, marking a 19.4% increase year-on-year.

Bà Rịa-Vũng Tàu to develop international port worth nearly $230 million

Vietnam Economic News - Fri, 01/24/2025 - 20:05
The project aims to construct the Mỹ Xuân International General Port, capable of accommodating ships with a capacity of up to 60,000 DWT.

Việt Nam’s export to Philippines tops $6 billion for first time

Vietnam Economic News - Fri, 01/24/2025 - 18:50
Việt Nam’s trade with the Philippines has reached an impressive milestone, with turnover exceeding US$8.6 billion in 2024, up 11 per cent year-on-year, according to the Ministry of Industry and Trade’s Agency of Foreign Trade.

Market ends Year of the Dragon on a high note

Vietnam Economic News - Fri, 01/24/2025 - 18:41
Market breadth was positive, with 178 gainers outweighing 141 decliners. Liquidity remained subdued, falling 7.5 per cent from the previous session to approximately VNĐ12.2 trillion (US$486.5 million), with a trading volume of 536 million shares.

Online “fake news” articles defaming businesses and individuals and scamming readers

Vietnam Economic News - Fri, 01/24/2025 - 14:39
In recent weeks, Facebook and other social media channels have been awash with posts claiming that top executives from businesses in Việt Nam, including Vingroup, FPT, and VinaCapital, have been “caught on tape” supposedly saying scandalous things.

Vietnamese spend big on áo dài for Tết celebration

Vietnam Economic News - Fri, 01/24/2025 - 12:52
756,600 áo dài were sold on Shopee and TikTok Shop between December 20, 2024, and January 19, 2025, worth a total of VNĐ189.6 billion (US$7,420).

AI could help Việt Nam improve productivity, speed up development

Vietnam Economic News - Fri, 01/24/2025 - 09:27
Asus surveys have shown the majority of users, once familiar with AI, can improve their productivity significantly.

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