Economy

Ambassador Ly Duc Trung has expressed his hope that Israeli businesses will not only see Vietnam as a market for selling technological products to but also recognise its potential for cooperation for mutual development.

Vietnam now has 17 inland container depots (IDCs) across 12 provinces and centrally-governed cities. IDCs form a crucial part of the country’s transportation infrastructure network.

Recently, the Department of Agriculture and Environment has focused on testing and experimenting and has initially identified a number of suitable rice varieties that can be widely replicated in the coming time.

The Ministry of Finance has proposed a pilot programme for issuing and trading cryptocurrencies and digital assets, with oversight from the Ministry of Finance, the Ministry of Public Security, and the State Bank of Vietnam.

Among Southeast Asian financial hubs, HCM City ranks below Singapore, Kuala Lumpur (Malaysia), Bangkok (Thailand), and Jakarta (Indonesia), but stands above Manila (The Philippines).

The survey findings released in Ho Chi Minh City on March 21 show that the growth momentum is expected to accelerate in 2025, with 92% of small businesses expecting to grow, the highest projection among 11 markets surveyed.

The two-month trade reached over 6.57 billion SGD (approximately 4.91 billion USD), solidifying Vietnam’s position as Singapore’s ninth largest trading partner.

With nearly one million businesses and around five million business households, the private sector contributes approximately 51% of the country's Gross Domestic Product (GDP) and over 30% to the State budget.

Long An province proactively implements many tasks and solutions to improve the effectiveness of state management in the environmental field, aiming for a sustainable environment in the current period as well as in the future.

Chairman of the Vietnam Sugarcane and Sugar Association Nguyen Van Loc said that in February, sugar prices in Vietnam dropped sharply due to weak post-Tet (Lunar New Year) market demand, while supply remained abundant.

Vietnam’s trade volume is forecast to grow at a compound annual rate of 6.5% from 2024 to 2029, up from 6.2% in the 2019-2024 period.

According to the Department of Finance of Long An province, up to now, the province has attracted 1,399 foreign direct investment (FDI) projects with registered investment capital of more than 12.7 billion USD.