Category Archives: News

The index of industrial production (IIP) in the first half of 2023 grew by only 0.44% compared to the same period last year due to decreasing orders, falling demand and rising input costs, according to the General Statistics Office (GSO). The office pointed out that, in the period, the IIP of some key industries increased […]

The prices of Vietnamese rice increased strongly in many foreign markets in the first half of this year, according to statistics from the General Department of Vietnam Customs. The prices of Vietnamese rice increased strongly in many foreign markets in the first half of this year, according to statistics from the General Department of Vietnam […]

Da Nang city has entered the top 1,000 cities with the highest startup ecosystem index globally for the first time. According to the “Global Startup Ecosystem Index 2024” report published by StartupBlink, Vietnam’s startup ecosystem index has regained positive growth momentum in 2024. Specifically, Vietnam’s ranking in the global startup ecosystem index for 2024 has […]

The figure representing a year-on-year increase of 8.6%. Vietnam’s total retail sales of consumer goods and services in the first half of 2024 were estimated at over VND3 quadrillion ($121.7 billion), up 8.6% compared to the same period last year, figures from the General Statistics Office of Vietnam (GSO) show. Of which, the total retail […]

Total registered capital estimated at $29.2 billion. Around 15,720 new enterprises were established in June with total registered capital of VND143.01 trillion ($5.61 billion), figures from the Business Registration Management Agency at the Ministry of Planning and Investment show. The figures represent a year-on-year increase of 13.1% in number of businesses and 3.1% in registered […]

The GSO largely attributed the growth of core inflation to rising costs of food, electricity, education, and healthcare services, which are excluded from its calculation. Việt Nam’s consumer price index (CPI) rose by 4.08 per cent in the first half compared to the same period last year, while core inflation increased by 2.75 per cent, […]

As of May 20, 2024, the total newly registered capital, adjusted capital and capital contributions and share purchases of foreign investors stood at over 11.07 billion USD, a year-on-year rise of 2%. 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 […]

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 […]

The Government on June 30 issued a decree regulating a reduction in value-added tax (VAT) on goods and services from July 1 to December 31, in accordance with Resolution 142/2024/QH15 adopted by the National Assembly on June 29. The Government on June 30 issued a decree regulating a reduction in value-added tax (VAT) on goods […]

The number of millionaires in Vietnam virtually doubled between 2013 and 2023, the fastest rate globally, to 19,400, a new report says. The country also has 58 centi-millionaires (those with US$100 million or more in assets) and six billionaires, according to British investment migration consultancy Henley & Partners. In terms of growth rate, Vietnam was […]