September 5, 2024

Vietnam’s economic growth is expected to pick up in 2024, driven by a rebound in manufactured exports and tourism, and recovering consumption and business investment, the World Bank (WB) said on August 26 in a new report. The economy is forecast to grow 6.1% in 2024, and 6.5% in both 2025 and 2026, up from […]

July 2, 2024

The property market has seen demand, supply and prices rise this year, according to the Vietnam Association of Realtors. There were 6,200 transactions involving new properties across all segments last quarter for an average absorption rate of nearly 31%, an 8 percentage point increase from the last quarter of 2023 and double the rate from […]

July 2, 2024

The property industry will likely see more mergers and acquisitions during the second half of this year as businesses need funds to restructure debts, brokerage MB Securities has said. Many property developers lack resources and access to capital while their costs are rising, it said. Selling projects to other investors would help them maintain their […]

July 2, 2024

Vietnam’s goods export turnover was estimated at 190.08 billion USD in the first half of 2024, a year on year rise of 14.5% and pushing up the country’s trade surplus to 11.63 billion USD, reported the General Statistics Office (GSO) on June 29. The growth was driven by both domestic and foreign-invested sectors. The domestic […]

July 2, 2024

Regional connectivity is seen as a key to bolster growth as well as create breakthroughs for the socio-economic development in localities and the country as a whole, according to insiders. The economy has recorded robust signs over the past time, with localities posting positive gross regional domestic product (GRDP) growth. The northern province of Bac […]

July 2, 2024

Vietnam attracted nearly 15.2 billion USD in foreign direct investment (FDI) in the first six months of this year, a year-on-year increase of 13.1%, according to the General Statistics Office. Foreign investors registered nearly 9.54 billion USD in 1,538 new projects, up 46.9% in capital and 18.9% in the project number as compared to the […]

July 2, 2024

Vietnam’s economy grew by 6.42% in the first six months of 2024, slightly lower than the figure of 6.58% in the same time of 2022 within the 2020-2024 period, the General Statistics Office (GSO) announced at a press conference in Hanoi on June 29. Of the economy’s total value added growth, the sectors of agro-forestry-fishery, […]

July 2, 2024

Prime Minister Pham Minh Chinh hosted receptions on June 25 for Kim Sang-hyup, Co-Chairperson of the Presidential Commission on Carbon Neutrality and Green Growth of the Republic of Korea, and Lou Qiliang, Chairman and Director General of China Railway Signal Information Corporation (CRSC). At the meeting with Kim Sanghyup, held in Dalian at the sideline […]

May 31, 2024

Foreign investors poured nearly US$1.98 billion into the property sector in the first five months of 2024, up 70% year-on-year. It was the second-highest behind manufacturing, which received $7.43 billion, according to the Ministry of Planning and Investment. The rising investment comes as analysts expect a recovery by the property sector this year and next with inflation […]