Economy and commerce

Thirty-five years of renovation have transformed Vietnam from a country confronted with food shortages in the 1980s into a middle-income economy and one of the world’s 20 leading international trade powerhouses.Renovation and overtaking are an inevitable part of competition and development. Almost 100 million Vietnamese ...

Lawmakers expressed concerns about the very high price tag for 12 new sections of the North-South Expressway, saying the government needs to provide more specific figures.The government’s proposal to build another 729 kilometers of the North South Expressway at VND200 billion ($8.69 million) per kilometer ...

The Regional Comprehensive Economic Partnership (RCEP), which came into force as of January 1, is expected to provide a fresh impetus to enhancing trade activities and boosting economic recovery in the post-pandemic period.The deal was signed between 10 members of the bloc and five partners ...

More than 40 ministries, branches and localities have developed digital transformation projects. However, in the business sector, especially among small and medium enterprises (SMEs) and manufacturing enterprises, this process is not happening as strongly as expected.This is the motivation for the Việt Nam Software and ...

Việt Nam is working to shift from a linear economy to a circular economy based on the three pillars of designing and prolonging material lifespan, reducing waste and emissions, and restoring the ecological system, Minister of Natural Resources and Environment Trần Hồng Hà has said.The MoNRE is ...

The Regional Comprehensive Economic Partnership (RCEP) was signed Sunday by leaders of 15 Asia Pacific countries that make up 29 percent of global GDP. The pact was signed online by leaders of 10 ASEAN member states as well as Australia, China, Japan, New Zealand and ...

Despite having great potential, Vietnamese rice-based products remain rudimentary and unpolished, severely hampering their ability to compete on the global market, according to industry experts.According to the Department of Agro-Processing and Market Development under the Ministry of Agriculture and Rural Development (MARD), Vietnam’s exports of ...

The State Bank of Viet Nam (SBV) is completing a legal framework to boost the development of digital banking and Fintech. According to Pham Xuan Hoe, deputy director of the Banking Strategy Institute, Viet Nam’s Fintech market will be worth US$9 billion in 2020, making it ASEAN’s fourth-largest ...

For years, German’s Federal Ministry of Economic Co-operation and Development, Savings Banks Foundation for International Co-operation have helped the Việt Nam Women’s Association and TYM with microfinance activities.Under a regional project strengthening regional microfinance networks in former Indochina and Myanmar, German helped Tình thương One ...

Việt Nam may take a global lead in rice exports for the year 2020, said Minister of Industry and Trade Trần Tuấn Anh in a report to the National Assembly on Monday (15/6).Speaking to the NA, the minister said as countries were trying to raise ...