55 billion remittance flows to ho chi minh city in first nine months

$5.5 billion remittance flows to Ho Chi Minh City in first nine months

The flows of remittances to Ho Chi Minh City reached $5.5 billion in the first nine months of 2024, a 10 per cent increase against the same period last year, according to Nguyen Duc Lenh, deputy director of the State Bank of Vietnam’s Ho Chi Minh City branch, at a conference on October 11.
team europe approach can boost vietnams progress

Team Europe approach can boost Vietnam’s progress

Green and digital transitions offer numerous opportunities for European companies and investors. Myriam Ferran, deputy director-general for International Partnerships at the European Commission, spoke with VIR’s Thanh Van about the trend of European funding in Vietnam’s sustainable development.
mas pick up pace in sectors from food to energy

M&As pick up pace in sectors from food to energy

A raft of transactions are still taking place in the Vietnamese market across different industries, from food to renewable energy, signalling improved sentiment from investors.
japans rorze corporation increases investment in vietnam

Japan's Rorze Corporation increases investment in Vietnam

In light of the increased demand from the semiconductor market and the changes in technological innovation, Rorze Corporation has decided to make a further investment in it Vietnamese subsidiary, Rorze Robotech Co., Ltd.
pearl polyurethane systems opens new factory in vietnam

Pearl Polyurethane Systems opens new factory in Vietnam

Dubai-headquartered Pearl Polyurethane Systems, a chemical and located plastic group, held an opening ceremony for a new factory in An Phuoc Industrial Park in Dong Nai province on October 10.
hm launches first store in hue

H&M launches first store in Hue

Global fashion retailer H&M announced the opening of its first store in Hue, marking its 14th store in Vietnam.
vietnam has improved its business environment the most over the past 20 years

Vietnam has improved its business environment the most over the past 20 years

Vietnam is the most improved place to do business out of 82 countries, according to the EIU’s Business Environment Rankings.
vpbank and jbic sign 150 million credit line to finance green projects

VPBank and JBIC sign $150-million credit line to finance green projects

VPBank and the Japan Bank for International Cooperation (JBIC) signed a general agreement for a credit line totalling $150 million on October 9.
asean reinforces position as a top fdi recipient in developing regions

ASEAN reinforces position as a top FDI recipient in developing regions

Foreign direct investment (FDI) inflows to ASEAN reached another historical level of $230 billion in 2023, reinforcing ASEAN's position at the top of FDI recipients among developing regions.
vietnam and france bolster economic ties under comprehensive strategic partnership

Vietnam and France bolster economic ties under comprehensive strategic partnership

Vietnam and France have upgraded their relationship to a comprehensive strategic partnership, and the two countries plan to strengthen economic ties to promote trade exchange and innovation.
dutch fund awards 575000 non refundable grant to phuc sinh group

Dutch fund awards €575,000 non-refundable grant to Phuc Sinh Group

The Dutch Fund for Climate and Development (DFCD) has provided a non-refundable grant of €575,000 (about $630,000) for Phuc Sinh Group.
vietnams gdp climbs to 74 per cent in third quarter

Vietnam's GDP climbs to 7.4 per cent in third quarter

Vietnam's GDP growth accelerated to 7.4 per cent in the third quarter of 2024, despite the impacts of Typhoon Yagi.
european businesses maintain positive sentiment for vietnam

European businesses maintain positive sentiment for Vietnam

European businesses maintain a positive sentiment about Vietnam despite the economic challenges posed by Typhoon Yagi, according to EuroCham Vietnam's latest findings.
vietjet and cfm strengthen partnership with bulk engine purchase

Vietjet and CFM strengthen partnership with bulk engine purchase

Vietjet has reaffirmed its commitment for an order of more than 400 LEAP-1B engines to power Boeing 737 MAX aircraft and serve as additional spare engines.
digital gains are in reach for vietnam

Digital gains are in reach for Vietnam

Foreign tech companies are stepping up collaborations to promote the likes of 5G and AI, laying the groundwork for Vietnam’s journey towards becoming a digital economy.