New regulations on foreign indirect investment in Vietnam drafted
The State Bank of Vietnam (SBV) is drafting a circular to better manage foreign investment protocols and hopefully make them speedier.
Hyosung Group to invest additional US$4 bln in Viet Nam
Chairman of Hyosung Group Cho Hyun-joon has announced that the Korean conglomerate plans to invest an additional US$4 billion, creating about 10,000 new jobs in Viet Nam.
Vietnam’s overseas investment declines in nine months
Vietnam's overseas investment, including new and adjusted capital, amounted to 189.6 million USD, down 54.5% year-on-year, according to the Ministry of Planning and Investment’s Foreign Investment Agency.
Corporate bond issuance drops by 60% in September
The total value of corporate bond issuances in September dropped significantly, by 60% from August, to the lowest figure recorded since May, a recent report showed.
Viet Nam to shut down 2G network from October 15
The Ministry of Information and Communications will completely switch off 2G network on October 15, one month later than its initial deadline.
What is the most valuable Vietnamese brand in 2024?
Viettel is the most valuable brand in Viet Nam in 2024, having held the top spot for nine years in a row.
Vietnam urged to build comprehensive national green transition strategy
Vietnamese businesses are facing three major challenges in green transition, namely capital, skilled workforce, and technical solutions, according to the Private Sector Development Research Board (Board IV), under the Prime Minister’s Advisory Council for Administrative Procedure Reform.
WTO highlights Vietnam’s role in restructuring of global supply chains
The World Trade Organisation (WTO) on October 10 released its Global Trade Outlook and Statistics, in which it affirms Vietnam and Mexico have emerged as “connecting” economies – stepping in as the source for many products - in the restructuring of global supply chains that serve the US market.
Vietnam’s economy bounces back in post-typhoon period
Vietnam’s economy has recovered quickly despite external uncertainties and extensive damage caused by Typhoon Yagi, which has greatly affected all socio-economic activities and people’s lives.
Entrepreneurs hailed as driver of economic transformation
Party General Secretary and State President To Lam lauded Vietnamese entrepreneurs’ vital contributions to socio-economic development during a meeting in Hanoi on October 11, ahead of the 20th anniversary of Vietnam Entrepreneurs' Day (October 13).
Public investment disbursement acceleration promotes socio-economic development
Vietnam is speeding up public investment disbursement to push growth, after going through difficult times due to the severe economic impact of Typhoon Yagi.
Vietnam's auto sales surge by 45% thanks to registration fee support policy
Auto sales by members of the Vietnam Automobile Manufacturers’ Association (VAMA) reached 36,585 units in September, a 45% increase over the previous month, following the implementation of a 50% reduction in registration fees for domestically manufactured and assembled vehicles.
HSBC raises Vietnam’s 2024 growth forecast to 7%
HSBC has lifted its 2024 gross domestic product (GDP) growth forecast for Vietnam to 7.0% from 6.5% after the country recorded stronger-than-expected growth in Q3 despite the devastation left by Typhoon Yagi.
Viet Nam seeks World Bank's preferential loans for mega infrastructure projects
Prime Minister Pham Minh Chinh called on the World Bank to provide preferential loans for Viet Nam's high-speed railway, urban railway, seaport and airport construction projects.
State-owned banks struggle to increase capital
While private joint stock commercial banks have increased capital significantly so far this year, the capital for State-owned commercial banks has remained stagnant.