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Viet Nam becomes leader in global production shift trend

Viet Nam becomes leader in global production shift trend

20/11/2024 21:41

VGP - Viet Nam has surpassed Mexico to become the leader in the “nearshoring” trend (companies moving production, services and logistics activities from a distant country to neighboring countries).

Viet Nam’s exports to UK up 22% in 10 months

VGP - Viet Nam gained US$6.4 billion from exporting goods to the United Kingdom (UK) in the first 10 months of this year, a year-on-year increase of 22 percent, reported the General Department of Customs.

Viet Nam’s exports to UK up 22% in 10 months
Kim Long Motor to export complete cars

Kim Long Motor to export complete cars

Economy 15/11/2024 12:16

VGP – Kim Long Motor of Viet Nam and two Chinese car manufacturers, Futa Group and Dongfeng Dana, have signed a strategic cooperation deal in Hubei province on November 11.

Two expressways in Cao Bang and Lang Son border provinces must be completed in 2025

Two expressways in Cao Bang and Lang Son border provinces must be completed in 2025

Economy 15/11/2024 06:00

VGP - Prime Minister Pham Minh Chinh tasked relevant agencies and localities to accelerate and complete the construction of two expressways in northern Cao Bang and Lang Son provinces in 2025.

E-commerce revenue projected to reach nearly US$50 billion by 2028

E-commerce revenue projected to reach nearly US$50 billion by 2028

Economy 14/11/2024 18:28

VGP – Viet Nam's e-commerce revenue is likely to reach US$49.9 billion by 2028, according to a report jointly released by YouNet ECI and YouNet Media on Thursday.

Viet Nam’s digital economy to reach US$36 bln this year

Viet Nam’s digital economy to reach US$36 bln this year

Economy 14/11/2024 14:16

VGP - Viet Nam’s digital economy is projected to post a compound annual growth rate (CAGR) of 16 percent, reaching US$36 billion in 2024, with e-commerce and online travel as the primary growth drivers.

Gov’t submits North-South high-speed railway project to National Assembly

Gov’t submits North-South high-speed railway project to National Assembly

Economy 13/11/2024 13:43

VGP - The Government has submitted the investment policy of the North-South high-speed railway project to the National Assembly for consideration.

Resolution on State budget estimate for 2025 passed

Resolution on State budget estimate for 2025 passed

Economy 13/11/2024 12:19

VGP - The National Assembly on Thursday passed a resolution on State budget estimate for 2025 at its ongoing 8th session.

Infographics: 15 socio-economic development targets for 2025

Infographics: 15 socio-economic development targets for 2025

Economy 13/11/2024 06:36

VGP - The National Assembly (NA) on November 12 passed a resolution on the socio-economic development plan for 2025, targeting GDP growth at 6.5 - 7%.

Foreign investors expand chip packaging footprint in Viet Nam

Foreign investors expand chip packaging footprint in Viet Nam

Economy 13/11/2024 06:07

VGP - Foreign tech giants are expanding capacity in Viet Nam for testing and packaging, according to Reuters.

Viet Nam mulls over restarting nuclear power project: Prime Minister

Viet Nam mulls over restarting nuclear power project: Prime Minister

Economy 12/11/2024 17:30

VGP – The Government has put forward a proposal to the Politburo for considering the restart of nuclear power project, Prime Minister Pham Minh Chinh told reporters on Tuesday.

Only credit organizations allowed to trade forex: Central bank governor

Only credit organizations allowed to trade forex: Central bank governor

Economy 11/11/2024 13:06

VGP – Under current regulations, only credit organizations shall be licensed to trade forex, said Governor of the State Bank of Viet Nam Nguyen Thi Hong.

Transport ministry urged to start construction of railway connecting with China next year

Transport ministry urged to start construction of railway connecting with China next year

Economy 09/11/2024 18:42

VGP - Prime Minister Pham Minh Chinh has requested the Ministry of Transport to commence the construction of the Lao Cai–Ha Noi–Hai Phong railway linking with China's Yunnan province.

Gov't strives to accelerate GDP growth to 7.5% in fourth quarter

Gov't strives to accelerate GDP growth to 7.5% in fourth quarter

Economy 09/11/2024 09:22

VGP – Prime Minister Pham Minh Chinh called for doubling efforts to accelerate GDP growth to 7.5% in the fourth quarter this year.

PM calls for stronger business partnership between Viet Nam and China

PM calls for stronger business partnership between Viet Nam and China

Economy 08/11/2024 16:48

VGP - Vietnamese Prime Minister Pham Minh Chinh called for stronger partnerships between Vietnamese and Chinese businesses in order to promote the two countries' ecnomic connectivity.

Viet Nam’s overseas investment up 11.5% in 10 months

Viet Nam’s overseas investment up 11.5% in 10 months

Economy 07/11/2024 20:33

VGP - Viet Nam’s outbound investment hit US$473.1 million in the first ten months of 2024, a year-on-year increase of 11.5 percent.

Foreign investment inflows reach over US$27 bln in ten months

Foreign investment inflows reach over US$27 bln in ten months

Economy 06/11/2024 18:19

VGP – Foreign direct investment (FDI) inflows to Viet Nam reached US$27.26 billion in the first ten months of 2024, a year-on-year increase of 1.9 percent, the General Statistics Office (GSO) reported Wednesday.

INFOGRAPHIC: SOCIAL-ECONOMIC PERFORMANCE IN FIRST TEN MONTHS OF 2024

INFOGRAPHIC: SOCIAL-ECONOMIC PERFORMANCE IN FIRST TEN MONTHS OF 2024

Economy 06/11/2024 17:18

VGP - Below are key indicators of the report on socio-economic performance in October 2024 and the first ten months released by the General Statistics Office (GSO).

Chinese railway giant expresses interests in Viet Nam's railway projects

Chinese railway giant expresses interests in Viet Nam's railway projects

Economy 06/11/2024 17:14

VGP - China Railway Construction Corporation (CRCC) has expressed its interests in railway, metro, highway and infrastructure projects in Viet Nam.

Viet Nam seeks ADB's funding for large-scale projects

Viet Nam seeks ADB's funding for large-scale projects

Economy 06/11/2024 16:35

VGP - Prime Minister Pham Minh Chinh suggested the Asian Development Bank (ADB) render financial support for large-scale projects and private sector development in Viet Nam.