Vietnam News

> Business News VN-Index Expected to Surpass 1,300 Points in 2024 Amid Positive Market Momentum Experts predict that the VN-Index, after a volatile period, will likely surpass 1,300 points in 2024. Improved market liquidity, foreign investor interest, and the U.S. Federal Reserve’s interest rate cuts have contributed to positive momentum. Large-cap stocks and the banking …

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> Business News Vietnam Boosts U.S. Partnership in Semiconductor and AI at New York Seminar Vietnamese President Tô Lâm attended a seminar in New York focused on advancing cooperation between Vietnam and the U.S. in semiconductor and AI industries. The event highlighted Vietnam’s potential, including strategies for training 50,000 engineers by 2030, and collaboration with …

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> Business News Vietnam and U.S. Forge Stronger Trade Ties Following High-Level Diplomatic Visit Vietnam’s Party General Secretary, Tô Lâm, recently attended the United Nations Summit and held key discussions in the U.S., aiming to strengthen Vietnam-U.S. trade ties. This trip is expected to boost trade cooperation, building on milestones such as Vietnam’s WTO accession …

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> Business News Vietnam’s PM and Banks Unite to Address Economic Challenges Amidst Storm Impact On September 21, 2024, Prime Minister Pham Minh Chinh met with leaders of 13 joint stock commercial banks to discuss solutions to boost socio-economic growth. Topics included liquidity, interest rates, credit growth, and the recent impact of Storm Yagi. The …

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> Business News Vietnam’s Rice Exports Surge to $3.85B in First Eight Months Vietnam’s rice exports reached $3.85 billion in the first eight months of 2024, with 6.16 million tons shipped. This marks a 5.9% increase in volume and a 21.7% rise in value compared to the same period last year. The average export price …

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> Business News Gojek Bids Farewell to Vietnam Amid Strategic Shift Gojek has announced its exit from Vietnam starting September 16, 2024, after six years of operation. The decision is part of parent company GoTo’s strategy to streamline business operations, with Vietnam contributing less than 1% of GoTo’s total transactions. Gojek’s services in Ho Chi …

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> Business News Vietnam’s Durian Exports Surge to Record $1.6 Billion in First Seven Months Vietnam’s durian exports reached a record $280 million in July 2024, driven by high demand from China. The first seven months saw $1.6 billion in exports, a 50% increase year-on-year, with 92% going to China. The rise in prices has …

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> Business News Ministry to Survey 3,400 Enterprises for 2025 Wage Policy Insights The Ministry of Labor will survey 3,400 enterprises to inform 2025 minimum wage adjustments. This study will evaluate wage trends, business costs, and legal compliance in 18 localities, including Hanoi and Ho Chi Minh City. The findings will guide future wage policies …

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> Business News Vietnam Approves Four Firms for Credit Rating Services, Boosting Market Transparency The Ministry of Finance (MoF) in Vietnam has granted licenses to four companies to provide credit rating services from January to August 2024. The licensed companies—Saigon Ratings, FiinRatings, VIS Rating, and S&I Ratings—met all legal requirements under the Investment Law and …

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Business News | Vietnam’s Credit Bounces Back: August Recovery After July’s Dip” Vietnam’s bank credit began to recover in mid-August 2024 after a slight decline in July. The total outstanding credit in the economy increased by 6.25% from the end of 2023, with a notable rise in mid-August. The July dip was due to reduced short-term …

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