Vietnam News Economy

Việt Nam will ramp up efforts to meet the European Union’s (EU) stringent food safety regulations, ensuring that its agricultural products continue to thrive in one of global large markets.

Local fertiliser manufacturers are focusing on fulfilling export contracts that were signed prior to the Tết holidays.

By the end of 2024, the airline achieved a profit before tax of VNĐ7.7 trillion, marking the highest profit in the airline's history and more than double the pre-pandemic profits of 2018 and 2019.

Power Plan VIII must be adjusted said Deputy Prime Minister Bùi Thanh Sơn during an online conference on the project, adding that it has many shortcomings such as a lack of balance, especially in the northern region, along with a lack of inter-regional and inter-national transmission planning solutions.

By 2050, Phú Quốc International Airport is projected to handle 18 million passengers and 50,000 tonnes of cargo annually. The number of aircraft parking positions will increase to 45, while the runway layout established in the earlier phase will remain unchanged.

Ninh Thuận Province is urgently carrying its tasks to ensure the overall progress of a nuclear power project.

Market breadth remained positive, with 169 gainers outnumbering 145 decliners.

Financial institutions were directed to cut operational costs, streamline procedures, adopt technology, and restructure operations to enhance efficiency.

The Netherlands is currently Việt Nam's largest European investor and second-largest export market, according to Vietnamese Trade Counsellor to the Netherlands Võ Thị Ngọc Diệp.

Authorities of Bình Dương pledges to create favourable conditions for Japanese investors, affirmed Bùi Minh Thanh, Vice Chairman of the provincial People’s Committee on February 24.

After five years of implementation, the EU-Vietnam Free Trade Agreement (EVFTA) has delivered many positive outcomes, including a robust growth of Vietnamese exports to the EU, particularly in key sectors such as textiles, footwear, and agro-fishery products.

The International conference on Artificial Intelligence and Semiconductors 2025 (AISC 2025) will bring together global leaders to discuss breakthroughs in these fields, reinforcing Việt Nam's position in the global semiconductor and AI value chain.

The Central Coordination Office for New-style Rural Development reports that 48 of 79 five-star OCOP products (60.7 per cent) have entered high-standard markets like the US, Europe, and Japan.

The Việt Nam Chamber of Commerce and Industry (VCCI) says the Ministry of Finance's proposal to extend registration fee waiver for electric cars will benefit the economy, the environment and the public.

A report by market research firm Statista highlights that Việt Nam's e-commerce market is currently dominated by major platforms such as Shopee, TikTok Shop, Lazada, and Tiki.

This amendment aims to allow public employees who are scientists to establish and manage businesses that trade in researched scientific products.

Việt Nam is projected to import an additional 6 million tonnes of corn and 1.7 million tonnes of soybean meal by 2034, representing 7 per cent of global corn imports and 9 per cent of global soybean meal imports.

China's steel under investigation will be subject to the new duties, which will take effect 15 days after issuance and remain in force for 120 days.

Despite having rich mineral resources crucial for battery manufacturing, Việt Nam still relies on foreign raw material supplies and has limited production capacity, which puts it at a disadvantage when it comes to meeting global demand.

During a recent meeting with Party General Secretary Tô Lâm, SK Group Chairman Chey Tae-won outlined the company’s ambitions to partner with Việt Nam on energy projects, with a particular focus on LNG infrastructure, hydrogen energy and small modular nuclear reactors.