VinFast, Vietnam’s first electric vehicle maker, on January 2 announced the signing of agreements with its first five dealers in four states of the US, bringing opportunities for customers to experience VinFast electric vehicles.

The National Power Transmission Corporation (EVNNPT) will commence 34 electricity transmission projects and complete 63 others this year, its Chairman of the Member Council Nguyen Tuan Tung told a conference held in Hanoi on January 2.

Foreign firms contributed 259.95 billion USD or 73.1% of Vietnam’s total export revenue in 2023, statistics show.

By the end of November 2023, Hải Dương had attracted over US$1.13 billion worth of foreign investment, over three times higher than the same period last year, statistics from the provincial Department of Planning and Investment revealed. 

The market capitalisation of Vietnam’s stock market approximated 6 quadrillion VND (246.7 billion USD) in 2023, rising 9.5% from and equivalent to about 62% of gross domestic product (GDP) in 2022, statistics show.

Air carriers said they are prepared for busy end-of-year holiday travel as the 2024 Lunar New Year (Tet) is approaching.

The Hanoi-Ho Chi Minh City air route recorded over 10.8 million seats sold between October 2022 and September 2023, making it the fourth busiest domestic air route in the world in 2023, according to statistics from air travel data provider OAG.

Da Nang International Airport in the central city of Da Nang has become the first and the only terminal in Vietnam to be certified as a 5-star airport by international airport rating agency Skytrax, according to Do Trong Hau, Deputy General Director of the Da Nang International Terminal Investment and Operation Joint Stock Company (AHT).

The year 2024 is forecast to remain a challenging year for wood industry, given several issues affecting the sustainability of production and export, according to experts.

On the early morning of the first day of 2024, Ho Chi Minh City has enthusiastically welcomed first international passengers to the city who arriving on a Vietjet’s flight from Melbourne, Australia to the southern metropolis.

Vietnam aims to produce 1.7 million tonnes of commercial tra fish and earn 2 billion USD from exporting the products in 2024, according to Deputy Minister of Agriculture and Rural Development Phung Duc Tien.

A brighter outlook is predicted for the property market in 2024 compared to last year thanks to favourable regulations and interest rates.

Deputy Prime Minister Tran Luu Quang has signed a decision approving a strategy to develop plant cultivation until 2030 with a vision to 2050, aiming to turn plant cultivation into a complete and professional technical-economic sector with highly competitive products, meeting requirements in food safety, national food security and other needs of the economy, securing high export values.

Vietnam’s fruit and vegetable exports surged to a record high in 2023, yet insiders said it is just a start as ample room remains for the sector.

The trend of business partnerships was becoming more and more popular in the modern economy because of the benefits it brought to the participating parties.

It becomes vital for Việt Nam to reform investment incentives in the context of rapidly changing and complicated world, the ministry said. The international business environment and cross-border investment face challenges. The global FDI flow is decreasing by 4 per cent while strategic competition among nations in attracting FDI is increasingly fierce.

Prime Minister Pham Minh Chinh on January 1 attended a ground-breaking ceremony of the first phase of a project to build an expressway connecting the two northwestern border provinces of Lang Son and Cao Bang.

The State Bank of Vietnam (SBV) will improve credit quality and prioritise capital for spearhead sectors that drive the economic growth in 2024.

Despite falling slightly short of the year's set target of 6.5 per cent, Việt Nam's 5 per cent GDP growth has been assessed by international financial institutions as outperforming many economies given the ongoing global economic downturn.