Experts from the International Monetary Fund (IMF) maintained their forecast for Vietnam’s GDP growth at 4.7% in 2023 but expressed their optimism about the medium-term prospects, with GDP growth predicted to reach 5.8% in 2024 and 6.9% in 2025. Experts from the International Monetary Fund (IMF) have maintained their forecast for Vietnam’s GDP growth at 4.7% in 2023....

Deputy Prime Minister Le Minh Khai has urged drastic measures to lift Vietnam out of the Financial Action Task Force (FATF)’s list of Jurisdictions under Increased Monitoring (grey list) within two years. The Financial Action Task Force adds Vietnam to the list in June 2023. (Photo: VNA) Chairing a meeting of the steering committee for money laundering prevention...

The 21st Vietnam International Plastics and Rubber Industry Exhibition (VietnamPlas 2023) opened in Ho Chi Minh City on October 18, attracting 625 exhibitors from 22 countries and territories, including China, India, France, Italy, Australia, Brazil, Russia, US and Vietnam. A total of 625 exhibitors from 22 countries and territories, take part in 21st Vietnam International Plastics and Rubber...

The General Department of Taxation has announced the list of top 1,000 corporate income taxpayers (V.1000) in Vietnam in 2022. Vietnam Prosperity Joint Stock Commercial Bank is among the largest corporate income taxpayers in 2022. (Photo: VNA) According to the department’s statistics, taxes paid by those enterprises accounted for 58.2% of the total State budget revenue from this source,...

Vietnam's workforce demand in the semiconductor–microchip field is forecast to be around 20,000 engineers for the next five years, and 50,000 engineers in the next 10 years, according to economists from the Fullbright University. Illustrative image (Photo: tuoitre.vn) Regarding Vietnam’s preparations for training high-quality human resources serving the semiconductor industry, Nguyen Thu Thuy, Director of the Higher Education...

Vietnam and Algeria have potential for cooperation in trade, industry and energy, according to Minister of Industry and Trade Nguyen Hong Dien. Minister of Industry and Trade Nguyen Hong Dien (Photo: Ministry of Industry and Trade) At a working session with Algerian Minister of Pharmaceutical Industry Ali A-un in Hanoi on October 17, Minister Dien highlighted that Algeria is...

In the third quarter of 2023, a notable variance is anticipated in the profits of commercial banks, with some continuing to experience double-digit growth, while others see a sharp downturn. Illustrative image (Photo: VNA) Estimations from the Research Division of Saigon Securities Incorporation (SSI) suggest that during the third quarter of 2023, banks such as Sacombank, VietinBank, Vietcombank, MB...

Two cold-chain freight trains carrying fruits and vegetables left southwest China's Yunnan province for Laos and Vietnam respectively on October 16, marking the launch of international cold-chain train services on China-Laos, China-Vietnam routes. Two cold-chain freight trains carrying fruits and vegetables leave southwest China's Yunnan province for Laos and Vietnam respectively on October 16. (Photo: VNA) The two...

Petrovietnam Power Corporation (PV Power) said it has completed 69% of this year's profit before tax goal, with thermal power output expected to increase sharply in the coming months. Ca Mau Thermal Power Plant is run by Petrovietnam Ca Mau Power Company, a subsidiary of PV Power. (Photo: pvpower.vn) In the first nine months of this year, the company's...

The Vietnam Industry - Coal and Mineral Industries Group (Vinacomin) will promote production in the last quarter of this year to complete production and business targets for 2023. Mining coal at Vinacomin's Ha Tu Coal JSC. (Photo: VNA) According to the yearly plan, Vinacomin will produce 8.5 million tonnes of coal in the fourth quarter 2023 to complete...