The Vietnam International Trade Fair (Vietnam Expo 2023), one of the leading international trade exhibitions in Vietnam, will take place from December 7-9 in Ho Chi Minh City with the participation of 1,200 enterprises from 20 countries and territories. First held in 1991, the annual Vietnam Expo has become a prestigious event for Vietnamese firms to introduce their products...

Vietnam has the potential to achieve a GDP growth rate of 6-6.5% in 2024, driven by public investment, consumer spending, import-export recovery, and monetary policies, said Huynh Hoang Phuong, head of Investment Research and Analysis Division at FIDT JSC. Vietnam has the potential to achieve a GDP growth rate of 6-6.5% in 2024. - Illustrative image (Photo: VNA)...

From November 9-12, 2023, the 19th Vietnam Craft Village Fair took place in Hanoi (within the framework of the Festival of Preserving and Developing Vietnam Craft Villages in 2023). The booth displays products of Lang Son province The fair had a scale of 300 booths displayed and introduced many handicraft products, agricultural products, specialties, and products from the One...

Vietnam's economy is resilient in the face of the "vortex" of geopolitical instability in the world, but it still needs to maintain growth momentum to keep up with the global economy, according to experts. Illustrative image (Photo: VNA) Geopolitical conflicts have impacted commodity prices and markets, increased inflationary pressures as well as the risk of a new inflation-interest rate...

Promoting green economic initiatives is a matter that Vietnam and many international organisations are focusing on with the aim of reducing greenhouse gas (GHG) emissions by at least 55% by 2025 and become carbon neutral by 2050. Green economy is key to sustainable growth. Illustrative image (Source: baotainguyenmoitruong.vn) At the Green Economy Forum (GEF) 2023 held in Hanoi...

The processing of traditional Vietnamese food products meeting international quality standards is a new direction chosen by many companies in a bid to boost exports. Song Huong Foods, a company with strengths in food production and preservation technology, opts for the export of pre-processed traditional dishes, with their successful products including various types of fish sauces and traditional...

The General Administration of Customs of China (GACC) has officially allowed a Vietnamese enterprise to export bird’s nests to the country, the Ministry of Agriculture and Rural Development (MARD) has announced. Bird’s nests following harvest in Khanh Hoa province. (Photo: VNA) According to the MARD’s Department of Animal Health, as of November 8, there were 45 enterprises registering...

The PetroVietnam Exploration Production Corporation (PVEP) – a subsidiary of the Vietnam Oil and Gas Group (Petrovietnam) - has exploited 3 million tonnes of oil equivalent in the first 10 months of 2023, exceeding 14% of the planned target set by the group in 2023. PVEP's Dai Hung oil field (Photo: PVEP) Its oil and condensate output in the...

Increasing costs for credit risk provisions made many commercial banks’ profits decline in the third quarter of 2023. Customers make transactions at Vietcombank’s head office in Hanoi. (Photo: VNA) The ratio of bad debt to total outstanding loans of ABBank as of the end of September 2023 was at 3.51%, a sharp increase compared to 2.88% at the beginning...

Credit ratings agency Fitch Ratings on November 9 forecast Vietnam’s GDP growth to accelerate to 6.3% in 2024 and 7.0% in 2025. Vietnam’s GDP growth is expected to accelerate to 6.3% in 2024 and 7.0% in 2025, according to Fitch Ratings. (Photo: VNA) Domestic fiscal and monetary policies have pivoted to provide growing support to the economy, the...