Vietnam News Economy

Backed by a five million Swiss Francs grant from the State Secretariat for Economic Affairs (SECO), the initiative will run until 2029, helping over 500,000 SMEs access up to $35 billion in financing.

HCM City, Việt Nam’s largest economic hub, plans to extend its proposed International Financial Centre (IFC) to include District 1, expanding it from the Thủ Thiêm urban area in Thủ Đức City.

The key shortcomings lie in the approach to quality and safety management, which still leans heavily on pre-inspection, imposing excessive administrative procedures and business conditions.

Small- and medium-sized enterprises are supported by facilitating connections with financial institutions, investors and domestic and international experts.

The total investment for the terminal is nearly VNĐ11 trillion (US$431.2 million), with construction beginning in December 2022

The suspension, which lasted from 5pm on March 12 until 8am on March 17, was necessary to enhance tax management and implement structural changes.

A diversified model could see Việt Nam begin locally, like Lisbon or Atlanta, then grow to rival Bangkok or even London and New York.

Thirteen foreign investors and fifteen domestic enterprises in the solar power sector submitted official petitions regarding the issue of commercial operation dates (COD) being granted without formal acceptance documents. Their primary concern was the risk of losing the initial electricity tariff they had been promised.

Some NA deputies believe petrol and air conditioners should be considered essential products and not subject to special consumption tax.

Many micro, small and medium-sized enterprises (MSMEs) in HCM City struggle to access credit, despite banks offering numerous loan packages with preferential interest rates.

Pepper prices are currently fluctuating between VNĐ159,000 and VNĐ161,000 per kilo, marking the highest levels in nearly a decade. 

Recent developments ahead of the shareholders' meetings for many insurance companies are expected to provide momentum for the stocks in this sector.

The credit growth quota system, which puts a cap on the credit expansion of each bank, has been maintained by the SBV since 2011, when Việt Nam’s economy was experiencing hyperinflation stemming from excessive money supply.

Get ready for a deep dive as Việt Nam boldly leaps into the future! The inaugural AI-Semiconductor Conference (AISC 2025) brought together global tech leaders, industry experts and policymakers in Hà Nội, along with Prime Minister Phạm Minh Chính, to discuss country's role in AI and semiconductor innovation, showcasing the nation's ambition to lead the way in digital transformation.

Currently, Vietnamese exporters such as Formosa and other HRC suppliers face a provisional duty of 12.1 per cent when exporting to the EU.

The Việt Nam-Singapore Industrial Park (VSIP) is going to start building a second park in the central province of Quảng Ngãi later this month, a positive move for investment following the introduction of the first park in 2013.

The event was attended by Vietnamese Ambassador to the United States Nguyễn Quốc Dũng, the Ministry of Industry and Trade delegation, representatives from major Vietnamese corporations such as PVN, EVN, Petrolimex, TKV, and Masan, along with US partners and officials.

Independent French pharmaceutical group Mayoly on Wednesday announced the official inauguration of its new representative office in HCM City after a long presence in Việt Nam through its IPSEN CHC entity.

Real-estate developer Novaland Group has pledged to support HCM City in developing Việt Nam International Financial Centre (IFC).

A key aspect of the agreement is VietinBank’s commitment to supporting capital mobilisation and corporate credit activities in alignment with KCN Vietnam’s business model.