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FDI attraction – Bright spot of Vietnamese economy in 2024
Foreign direct investment (FDI) attraction has been a bright spot in the Vietnamese economic panorama in 2024, as the country has recorded 41,720 valid FDI projects worth 496.7 billion USD funded by investors from 147 countries and territories.
Vietnamese economy soars beyond expectations: Australian expert
Layton Pike, a member of the Australia-Vietnam Policy Institute (AVPI)'s advisory board, said Vietnam's economic growth in 2024 has far exceeded expectations on the back of export recovery and stable foreign direct investment.
Green export a vital part of future Vietnamese economy: forum
A forum on green export promotion was held in Hanoi on December 4 to help Vietnamese enterprises switch to sustainable and low-carbon growth models and improve their competitiveness amidst globalisation.
Vietnam resolved to boost digital economy with national action plan
Vietnam has adopted a national action plan on digital economy development, which outlines key tasks and solutions for the 2024-2025 period.
Circular economy helps businesses shape their future
While the European Union's Circular Economy Action Plan (CEAP) is posing new challenge for Vietnamese exports, it also offers opportunities and reflects a global trend, heard a seminar held in Hanoi on November 27.
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Metro line 1 officially begins operation
Metro line 1 (Ben Thanh - Suoi Tien) is more than just an urban transit project; it represents Ho Chi Minh City's vision for growth, integration, and sustainable development. As a key milestone in the city's public transportation plan, it addresses the need for fast, efficient travel while helping to ease traffic congestion and reduce environmental pollution.
Five Vietnamese cities attracting int'l tourists during New Year holiday
Vietnam continues to strengthen its position as an attractive destination on the global tourism map, with a 30% rise in accommodation searches by international travelers on the Agoda booking platform compared to the same period last year. According to Agoda data, the majority of international visitors to Vietnam come from the Republic of Korea, Japan, Thailand, Taiwan (China), and the US.
Glorious tradition of the Vietnam People's Army
The Vietnam People’s Army (VPA) celebrate its 80th founding anniversary on December 22, 2024, a milestone in the army’s glorious history of serving and defending the nation. After 80 years of construction and development, the VPA has truly proven its revolutionary nature as an army “born from the people, fighting for the people, and serving the people”.
President Ho Chi Minh - Founder and mentor of Vietnam People's Army
President Ho Chi Minh and the Army have become central themes in the ideological and political work of our military. This subject receives particular attention to build an army that is politically clean, strong in ideology and organisation, and wholeheartedly serving the people. It is the core force, alongside the entire nation, to firmly protect Vietnam and contribute to the construction and development of the country.
Overview of Comprehensive and Progressive Agreement for Trans-Pacific Partnership
On December 15, 2024, the United Kingdom became the first European nation to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), officially becoming the trade bloc's 12th member.
Hanoi allocates over 567 billion VND for gifts to policy beneficiaries for Tet
The Hanoi People’s Committee has issued Plan No. 347/KH-UBND outlining gift-giving plans for policy beneficiaries. These include people with meritorious services, retirees, those receiving monthly incapacity allowances, poor and near-poor households, social protection beneficiaries, the elderly, and public employees and workers facing especially difficult circumstances. The initiative is set to take place on the occasion of the upcoming Lunar New Year.
30 years of Ha Long Bay’s recognition as World Natural Heritage
Ha Long Bay, a breathtaking gem of Vietnam, was recognised as a World Natural Heritage site three decades ago, on December 17, 1994. This 30-year milestone not only marks a moment of pride for Vietnam but also underscores the immense responsibility that comes with safeguarding such a natural treasure.
Total FDI registered in Vietnam hits 31.4 billion USD in January-November
As of November 30, 2024, the total newly registered capital, adjusted capital, and capital contributions or share purchases by foreign investors in Vietnam reached nearly 31.4 billion USD, up 1% increase compared to the same period last year.
First 11 months of 2024: Import-export turnover increases 15.4%
In the first 11 months of this year, Vietnam’s total import-export turnover reached 715.55 billion USD, up 15.4% against the same period last year, of which exports rose by 14.4% and imports up 16.4%. In the reviewed period, Vietnam enjoyed a trade surplus of 24.31 billion USD.
11-month agro-forestry-fishery exports exceed yearly target
Vietnam’s total export turnover of agro-forestry-fishery products in the first 11 months of 2024 reached 56.74 billion USD, an increase of 19% over the same period in 2023. The sector has exceeded the set target of 54-55 billion USD for the whole year, and is confidently aiming for a new record of 60 billion USD.
Coconut exports: New expectations for Vietnam's economy
According to the Vietnam Coconut Association, fresh coconut exports from Vietnam have only been established and developed in the past eight years but have grown rapidly, with export turnover increasing tenfold.
Seven commodities with export value of over 10 billion USD
Seven commodities of Vietnam posted an export value of over 10 billion USD in the first 11 months of this year, accounting for over 66.5% of the country's total export turnover.
Hanoi achieves or exceeds 23/24 socio-economic targets for 2024
Hanoi achieves rather comprehensive results in its socio-economic development in 2024, with 23/24 targets completed or exceeded.
Quang Trach – Pho Noi 500kV circuit-3 power transmission line: Miracle in infrastructure development
Quang Trach – Pho Noi 500kV circuit-3 power transmission line is a key project with a total investment of nearly 880 million USD. Spanning 9 provinces, the 519-km power transmission line plays an important role in enhancing the operational stability for the electricity supply system in the north in 2024 and following years, contributing to ensuring the national energy security.
Foreign tourists to Vietnam up 41% in January-November
In the first 11 months of 2024, Vietnam welcomed more than 15.8 million international visitors, up 41% over the same period last year. Visitors by continent included: Asia (12.61 million), Europe (1.78 million), and America (0.91 million), among others.
Vietnam hosts int’l conference on rural tourism for the first time
An international conference on rural tourism is taking place in Hoi An ancient town in the central province of Quang Nam on December 9-11.
Elevating Vietnamese tea to global standards
Vietnam currently ranks fifth globally in tea cultivation area and sixth in tea production output.
Vietnamese cacao - The treasure waiting to be awakened
2024 can be call “the Year of Vietnamese Cacao”. The surge in cacao production and recognition has reignited Vietnam's two-decade-old dream of becoming Asia's cacao capital.
Vietnam honoured as “World's Leading Heritage Destination” for 5th time
With its stunning natural beauty and rich cultural diversity, Vietnam was named the “World’s Leading Heritage Destination” for the fifth time at the 2024 World Travel Awards. The awards ceremony took place on the evening of November 24, in Portugal.
VAT cut by 2% to continue from January to June 2025
The 15th National Assembly approved an extension of the 2% value-added tax (VAT) reduction. The reduction applies to specific goods and services listed in Point a, Section 1.1, Clause 1, Article 3 of Resolution No. 43 on fiscal and monetary policies to support the Socio-Economic Recovery and Development Programme. The extended policy will be effective from January 1, 2025 to June 30, 2025.
