VCCI calls for greater support for R&D costs of FDI firms
The Vietnam Chamber of Commerce and Industry (VCCI) has proposed increasing the support for research and development (R&D) costs to over 50% for foreign direct investment (FDI) businesses, it said in policy feedback requested by the Ministry of Planning and Investment.
Three-month FDI inflow into Vietnam up 13.4%
Vietnam had attracted 6.17 billion USD in foreign direct investment (FDI) as of March 20, a year-on-year rise of 13.4%, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
Revised Land Law helps boost Vietnam’s investment appeal
(TBTCO) - The revised Land Law, which was passed by the Vietnamese National Assembly in January 2024, is expected to lure capital from overseas Vietnamese (OV), said Chairman of the Vietnamese Business Association in Australia (VBAA) Tran Ba Phuc.
SSC issues security warning following VNDirect system breach
The State Securities Commission (SSC) on late March 25 issued a security warning regarding the online securities trading system of VNDirect Securities Company (VNDirect).
Standard Chartered sustains Viet Nam’s 2024 GDP growth at 6.7%
Standard Chartered maintains its GDP growth forecast for Viet Nam at 6.7 percent in 2024 of which GDP is projected to accelerate from 6.2 percent in the first half to 6.9 percent in the second half.
Viet Nam saves 428,000 kwh of electricity during Earth Hour
The country saved over VND800 million (US$34,480) by turning off the light for one hour on March 23 in response to the Earth Hour 2024, the National Load Dispatch Center (EVNNLDC) reported.
Viet Nam becomes second largest fruit and veggie exporter to China
Viet Nam surpassed Chile to become the second largest fruit and veggie exporter to China in 2023, according to the Chinese General Administration of Customs.
More Vietnamese people go cashless: Visa study
Visa, a global leader in digital payments, has provided its insights into Vietnam’s payment landscape with its latest Consumer Payment Attitudes study that highlights the surge in cashless transactions among Vietnamese consumers.
PM urges Tien Giang to become industrial and service-oriented province
Prime Minister Pham Minh Chinh has asked Tien Giang to transform itself into an industrial and service-oriented province, acting as an economic growth pole of the Mekong Delta.
SK ecoplant, BCG Energy to develop renewable energy projects in Vietnam
BCG Energy, a member of Bamboo Capital Vietnam, has freshly signed a cooperation agreement with SK ecoplant, one of the Republic of Korea's leading investors in renewable energy, to build a solar and wind power plant with a capacity of 700 MW in Vietnam.
Vietnam tackles obstacles to stock market upgrade
Vietnam's ambition to elevate its stock market from "frontier" to "emerging" status by 2025 faces two key hurdles, including pre-trade margin requirements for foreign investors and foreign ownership ratios in certain sectors, said Deputy Director of the Securities Market Development Department under the State Securities ...
Vietnam remains attractive destination for foreign investors
Vietnam's economic strength is reflected in controlled macroeconomic indicators and the country has increasingly affirmed and strengthened its important role in the supply chain diversification strategy of multinational corporations. 2024 will be the year for foreign investors to seize opportunities and implement high-tech foreign direct ...
Vinh Long needs to fully tap potential to become modern, ecological province: PM
Prime Minister Pham Minh Chinh has asked the Mekong Delta province of Vinh Long to fully tap its potential and advantages to become a modern and ecological province, with a development level higher than the national average.
Nearly 20 commercial banks lower deposit rates
Nearly 20 commercial banks in Vietnam have adjusted deposit rates since the beginning of this month, with most lowering rates.
Workshop spotlights external challenges' impacts on Vietnam's development
An international workshop was held by the Institute of World Economics and Politics (IWEP) under the Vietnam Academy of Social Sciences in Hanoi on March 22 to look into impacts of external challenges on Vietnam’s integration into the world.