Click to enlarge (Source: VNA)
Due mostly to financial difficulties, some expressways still face limitations in terms of lane capacity and speed restrictions.
The economic sector contributes approximately 51% of Vietnam’s GDP, over 30% of state budget revenue, more than 30% of total import-export turnover, nearly 60% of total social investment capital, and 82% of the workforce.
The "Empower Youth for Future Success in Ha Nam Province" program is designed to equip these young people with a comprehensive set of skills, including social, financial, employability, and entrepreneurship skills.
With Ho Chi Minh City ranking 98th out of 121 global financial centres and classified as a "local specialist" in the Global Financial Centres Index (GFCI) released on March 20, Vietnam has a plethora of strategic options to develop its financial hub.
The partnership brings together industry leaders: EBOOST (EVMobility) specialising in personal charging solutions, EV Power in charging station development, EV Pay in digital payment services, Rabbit EVC in integrated charging solutions, and Nova Energy in large-scale renewable energy projects.
This message from Party General Secretary To Lam in his recent article "Developing private economic sector – A lever for a prosperous Vietnam" marks a turning point in the awareness about the private economic sector’s important role while touching on the aspiration for groundbreaking development of the country's most dynamic economic industry today.
This strategic move aims to reinforce financial capacity, while complying with international safety standards, said economists and industry experts.
The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,831 VND/USD on March 24, up 18 VND from the last work day of the previous week.
The Ministry of Finance has proposed a pilot programme for issuing and trading cryptocurrencies and digital assets, with oversight from three key agencies: the Ministry of Finance, the Ministry of Public Security, and the State Bank of Vietnam.
With an investment of 11.5 trillion VND (460 million USD), it says it is creating the first ‘smart’ and low carbon urban luxury trading-residential and entertainment centre in central Vietnam.
Pham Thi Huong Ly, Master of Accounting and Audit, Financial Reporting Manager at Aztec Luxembourg which specialises in investment fund financial services, shared that drawing from her experience in Luxembourg, Vietnam, and Singapore to establish a successful international financial centre, it is necessary to build a transparent institutional framework that protects investor rights.
The project will require an investment of over 2.38 trillion VND and will be implemented on a land area of approximately 41.65 hectares.
According to trade experts, Vietnam is ranked as the world's 20th largest exporter in the world and among the world's top exporters of various products such as rice, coffee, cashews, and garment-textiles.
The land reclamation component covers a total area of over 1,357ha and has been designated as a Group A project with a 50-year operational timeline.
Among Southeast Asian financial hubs, HCM City ranks below Singapore, Kuala Lumpur (Malaysia), Bangkok (Thailand), and Jakarta (Indonesia), but stands above Manila (The Philippines).
Luxembourg expressed support for Vietnam to develop international financial centres during Permanent Deputy PM Nguyen Hoa Binh's visit to the European country.
Geely clearly demonstrated its green and sustainable direction with the all-electric Geely EX5, which stands out with its powerful 218-horsepower electric motor, 320 Nm of torque, and a 60.2 kWh battery capacity allowing the vehicle to travel up to 430 kilometres on a full charge.
The survey findings released in Ho Chi Minh City on March 21 show that the growth momentum is expected to accelerate in 2025, with 92% of small businesses expecting to grow, the highest projection among 11 markets surveyed.
Large retailers have been investing in expanding their distribution systems, aiming to contribute to the overall growth of the domestic market in 2025.
A Vietnam Airlines representative stated that the incident may cause disruptions to other flights in the airline’s schedule. Passengers affected by these unavoidable changes at the Heathrow Airport will receive support in accordance with the airline's policies.
