(Source: VNA)
The daily reference exchange rate continued the upward trend seen on previous days to stand at 24,847 VND/USD on March 25.
Ambassador Ly Duc Trung has expressed his hope that Israeli businesses will not only see Vietnam as a market for selling technological products and services to but also recognise its potential for cooperation for mutual development.
Nguyen Thanh Nghi, then Minister of Construction, said over the past four decades, more than 120 large-scale projects of national significance have been completed. Many of them feature innovative structural designs, new construction techniques, and cutting-edge technologies, some introduced in Vietnam for the first time or holding regional importance.
Cross-border collaboration will be key to unlocking the next growth opportunities as Vietnam is an emerging player in the industry, with a market size exceeding 18 billion USD in 2024 and projected to rise to over 31 billion USD by 2029, said a representative from the Singapore Semiconductor Industry Association.
Vietnam now has 17 inland container depots (IDCs) across 12 provinces and centrally-governed cities. IDCs form a crucial part of the country’s transportation infrastructure network. They serve as key logistics hubs, supporting the operations of seaports, airports, inland waterway ports, railway stations, and border checkpoints, while also functioning as customs clearance sites for imports and exports.
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).
