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Cao Bang, China’s Baise city forge stronger economic ties
An economic and trade cooperation talks between the northern mountainous province of Cao Bang and Baise city of China’s Guangxi took place in Cao Bang city on December 13.
Vietnamese coconut becomes high-value export
A forum on connecting coconut production and consumption took place in the Mekong Delta province of Ben Tre on December 13, offering a venue for relevant parties to discuss ways to fully tap the potential of both domestic and international markets to develop coconut into a billion-USD industry.
Thai Binh enjoys another successful year in FDI attraction
Foreign direct investment (FDI) inflows in the northern province of Thai Binh have exceeded 1 billion USD for the second consecutive year in 2024, according to local authorities.
Aerospace factory opens in Da Nang
The KP Aerospace Vietnam company from the Republic of Korea (RoK) officially opened a factory at the Da Nang Hi-Tech Park after 10 months of construction, marking the second aerospace industry project in the city.
Vietnam Post launches e-commerce platform for agricultural products
Vietnam Post has launched an e-commerce platform to foster the trading of high-quality agricultural products in the country.
Total retail sales of goods, services in 11 months up 8.8%
Vietnam’s total retail sales of consumer goods and services saw a year-on-year increase of 8.8% to more than 5.8 quadrillion VND (228.4 billion USD) in January – November, according to the General Statistics Office (GSO).
B2C e-commerce market in bloom
Vietnam’s B2C e-commerce market in 2024 has experienced growth of 18-20% in the first ten months of 2024.
Vietnamese, Algerian businesses seek to expand partnership in construction, labour export
The Hanoi Construction Corporation JSC on December 12 reached a preliminary cooperation agreement with Algeria’s Copresud, with the goal of establishing a joint venture in the construction sector.
Shrimp exports expected to hit 4 billion USD in 2024
With double-digit growth in key markets, Vietnam's shrimp exports are projected to rake in 4 billion USD in 2024, according to insiders.
Garment industry urged to gain self-sufficiency in raw materials for UK expansion
Vietnam’s garment and textile industry needs to develop a closed-loop supply chain with a focus on obtaining self-sufficiency in raw materials in order to meet the rules of origin under the UK – Vietnam Free Trade Agreement (UKVFTA) for expanding exports to this market.
Deputy PM urges extra efforts to remove Vietnam from money laundering grey list
Deputy Prime Minister Ho Duc Phoc on December 12 urged ministries and sectors to do their utmost to implement the Financial Action Task Force (FATF)’s 17 recommendations to lift Vietnam out of its list of Jurisdictions under Increased Monitoring (grey list) related to money laundering.
Banks face difficulties in balancing capital raising and lending
Banks often use their charter capital to compensate for a capital shortage, as lending exceeds capital raising.
Reference exchange rate going up on December 13
The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,264 VND/USD on December 13, up 5 VND from the previous day.
NVIDIA deal – catalyst for Vietnam’s tech growth: investment site
Vietnam’s partnership with US tech giant NVIDIA has reflected the Southeast Asia country’s proactive technology development strategy as well as its significant economic potential, according to Vietnam-briefing.com, an investment site of legal tax and operational advisory provider Dezan Shira & Associate.
Southeastern region transforms growth models towards sustainability
The southeastern region, the economic heart of the country, is riding a wave of profound growth model transformation, with the development of multiple high-tech and sustainable industrial parks.
Vietnam, China ink protocol on railway transport cooperation
A protocol related to railway transport cooperation between Vietnam and China was signed at the 44th Vietnam-China border railway conference held in Hanoi on December 12.
133 enterprises honoured with National Quality Awards 2021-2023
The Prime Minister has endorsed three years of awards recognising exceptional achievements at a national level, in companies and organisations, who collectively are responsible for close to 170,000 workers.
1,200 apartments in two projects in Hanoi open for purchase by foreign nationals
Hanoi’s authorities have granted approval for more than 1,200 apartments in two prominent residential projects, Lumi Hanoi and Heritage West Lake, to be sold to foreign buyers.
PM orders swift resolution of challenges for renewable energy projects
Prime Minister Pham Minh Chinh has laid stress on the need to complete the resolution of obstacles for renewable projects by February 2025 to prevent wastefulness, contributing to ensuring electricity for development.
FDI remains vital contributor to boost economic growth
Foreign direct investment (FDI) remains one of the most vital drivers of national economic growth, recording remarkable results in 2024.