Business

General Secretary and President To Lam hosted a reception on October 11 for outstanding entrepreneurs from the Vietnam Chamber of Commerce and Industry (VCCI) and the Vietnam Private Business Association (VPBA) on the anniversary of Vietnam Entrepreneurs’ Day.

Party General Secretary and State President To Lam lauded Vietnamese entrepreneurs’ vital contributions to socio-economic development during a meeting in Hanoi on October 11, ahead of the 20th anniversary of Vietnam Entrepreneurs' Day (October 13).

Winners of the Hanoi Handicraft Product Design Contest were awarded at a ceremony held in Hanoi on October 10 by the municipal Department of Industry and Trade.

Green export is an irreversible trend and businesses are forced to grasp this trend to maintain growth rate and market share to participate in the “game” globally.

World gold price on October 11 reversed to increase, trading at 2,634 USD after the US announced higher unemployment claims than expected, increasing the possibility of the US Federal Reserve (FED) cutting interest rates. In contrast to the developments in the world gold market, both domestic gold bar and gold ring prices were adjusted down sharply.

The selling price of SJC gold rings has unexpectedly been adjusted down sharply, approaching nearly 83 million VND per tael on October 10.

Vietnam's benchmark VN-Index rose 0.35% to 1,286.36 points on October 10.

To take the country into a new era, Vietnamese businesses, including private ones, need to bring their pioneering spirit into play and actively join hands with the government to successfully realise socio-economic development targets.

Vietnam's benchmark VN-Index rose 0.78% to 1,281.85 points on October 9.

The selling price of SJC gold bars remained unchanged at 85 million VND per tael on October 9, while the selling price of SJC gold rings dropped to 83.1 million VND per tael.

Ho Chi Minh City Party Secretary Nguyen Van Nen has said that Vietnam’s southern economic hub will prioritise taking measures to boost its growth in the remaining months of the year.

Nearly 121,900 new enterprises were established with total registered capital of 1.158 quadrillion (46.7 billion USD) in the first nine months of this year, figures released by the General Statistics Office (GSO) showed.

Prime Minister Pham Minh Chinh on October 8 signed an official dispatch, urging relevant authorities to accelerate the disbursement of public investment in the remaining months of this year.

Singapore-based United Overseas Bank (UOB) has revised up its GDP growth forecast for Vietnam by 0.5 percentage point to 6.4% this year from the previous projection of 5.9%.

The European Chamber of Commerce (EuroCham) in Vietnam on October 8 released its 2024 Business Confidence Index (BCI) report for the third quarter of 2024, reflecting a positive trend in business sentiment despite the economic challenges posed by Typhoon Yagi and operation hurdles.

Vietnam's benchmark VN-Index rose 0.16% to 1,271.98 points on October 8.

Green standards in footwear exports are mandatory requirements if Vietnamese exports wish to maintain their orders in key markets.

The US Department of Commerce (DOC) has issued preliminary anti-subsidy findings in an investigation concerning solar panel imports from Vietnam, announced the Trade Remedies Authority of Vietnam under the Ministry of Industry and Trade.

Thanks to strong exports , industrial production, and increasing foreign investment, Vietnam's economic growth rate reached its highest level in two years, surpassing the damage caused by super typhoon Yagi - the strongest storm in Asia this year to the Vietnamese economy.

Vietnam's benchmark VN-Index dropped 0.05% to 1,269.93 points on October 7.

The total import and export revenue of Nghe An Province reached about 2.33 billion USD in the first nine months of 2024, up 32% over the same period last year, equivalent to 84.58% of the yearly target.

Prime Minister Pham Minh Chinh requested ministries, sectors, and localities to strive their best to achieve the set growth rate of over 7% for 2024, while presiding over a regular Cabinet meeting connected online with the 63 provinces and centrally-run cities on October 7.

Vietnam’s consumer price index (CPI) rose by 3.48% in the third quarter of 2024 compared to the same period last year, mainly fueled by the increasing prices of food in localities directly affected by Typhoon Yagi, and housing and education services, according to the General Statistics Office (GSO).

Vietnam's gross domestic product (GDP) expanded by about 7.4% in the third quarter and 6.82% during the first nine months of 2024 compared to the respective periods of last year, the General Statistics Office (GSO) reported on October 6.

The Mekong Delta province of Hau Giang has recently focused on developing transport infrastructure from many sources of capital. Many inter-provincial and intra-provincial routes have been built and expanded, forming a fully connected transport network, meeting the needs of goods trading and creating a driving force for the socio-economic development of the locality and region.

Determining waterway tourism and MICE tourism as strengths, Can Tho needs to focus on developing these tourism products to attract more visitors, making tourism a key economic sector in 2025.

The World Intellectual Property Organisation (WIPO) has recently released the 2024 Global Innovation Index (GII) report. The fact Vietnam ranks 44th is a testament to the country’s positive development, enhancing its international prestige, attracting investment and expanding cooperation in innovation.

Party General Secretary and President To Lam on October 5 attended a ceremony to hand over the Francophone Economic Forum (FFA) award to outstanding businesses where FPT Corporation of Vietnam was honoured.

Ho Chi Minh City has many favourable conditions to establish goods transit centres and link logistics activities as an international trade gateway closely connected to the Southeast, Central Highlands, and Mekong Delta region.

According to the Vietnam Trade Office in India, at the end of September, India officially lifted the ban on exporting regular white rice (non-basmati), with a condition of a floor export price of 490 USD/tonne. This decision will impact the world rice market in general and Vietnam's rice export market in particular in the coming time.