Hanoi lures 1.28 billion USD in FDI in 10 months

The Ministry of Industry and Trade officially launched the 'Vietnam Grand Sale 2024', a national promotional campaign held until December 31, across the country on December 2.

Viet Nam targets a GDP growth rate of approximately 8 percent in 2025 to create momentum for the two-digit growth rate in the 2026-2030 period, Prime Minister Pham Minh Chinh said on Sunday.

Singapore-based United Overseas Bank (UOB) anticipates an expansion pace of 6.6 percent for Viet Nam’s economy in 2025 in its recent report released on December 2.

As the Lunar New Year (Tet) holiday is approaching, the Vietnamese aviation market has experienced intense pressure with airfares soaring and seat availability becoming increasingly scarce.

E-commerce and digital platforms with payment functions will have to declare and pay taxes on behalf of sellers being business households and individuals from April 1, 2025.

Prime Minister Pham Minh Chinh on December 1 asked the Vietnam Oil and Gas Group (Petrovietnam) to accelerate technology transfer for wind turbine and blade production by 2026, ultimately achieving full technology mastery for offshore wind energy development.

Vietnam’s goal is not only to participate in the global value chain but also to build an advanced and attractive semiconductor industry ecosystem in the region and the world, which will help the country achieve self-reliance and sustainable development in this field. Currently, Vietnam has met the necessary conditions to be ready to welcome and cooperate with enterprises and investors from all over the world in the semiconductor industry.

In the first nine months of 2024, the Vietnamese banking industry continued to maintain stability despite pressure from natural disasters and high interbank interest rates.