Business News

Vietnam aims to fully decarbonize its economy by 2050. Following the Prime Minister of Vietnam's commitment to net-zero emissions at the United Nations Climate Change Conference in Glasgow in November 2021 (COP26), the country has developed and begun implementing plans to reduce carbon emissions in the transportation sector.

Vietnam wants to have at least one million more businesses by 2030, especially small and medium-sized enterprises (SMEs). Prime Minister Pham Minh Chinh has signed a new directive aimed at promoting the growth of SMEs. Directive 10 highlights the vital role of the private sector, particularly SMEs that account for 98% of all businesses nationwide, contribute over 50% of GDP, 30% of state revenue, and provide over 40 million jobs.

HCMC attracted more than 1.6 million international visitors and 8.5 million domestic travelers in the first quarter of this year, according to the city’s Department of Tourism. The city generated an estimated VND56.66 trillion in tourism revenue during the period, up by 26.7% year-on-year and reaching 21.8% of the full-year target.

Việt Nam and China have discussed measures to bolster transport collaboration, particularly in railway development, at a recent meeting between Minister of Construction Trần Hồng Minh and Chinese Minister of Transport Liu Wei as part of the former’s working trip to China. At the event, Minh underscored the Vietnamese Party and Government’s political determination to bring into full play the common perceptions on cross-border railway connectivity and cooperation between the two countries.

Girl power takes centerstage as Ladies' Night officially kicks off every Wednesday, offering a refined midweek escape for all ladies! It is a complete ladies' takeover with exceptional savings on all your favorite drinks at The Straits Bar! Groups of 4 ladies will enjoy a complimentary first round of cocktails and 50% off on all alcoholic drinks for succeeding rounds.

In the 37th edition of the GFCI released by UK-based Z/Yen Partners and the China Development Institute, HCMC ranked 98th out of 119 cities worldwide, up from 105th in 2024, reported the Government news website (baochinhphu.vn). The city gained 25 points to reach a GFCI score of 654, placing it ahead of Manila (Philippines) but behind Bangkok (Thailand) and Jakarta (Indonesia) among Southeast Asian financial centers.

Việt Nam’s stock market edged up on Tuesday, buoyed by renewed interest in banking stocks and improved liquidity on both the Hồ Chí Minh Stock Exchange (HoSE) and Hà Nội Stock Exchange (HNX). Meanwhile, foreign investors continued their net-selling streak, though at a significantly reduced pace compared to recent sessions.

With nearly one million enterprises and approximately five million individual business households, the private economic sector plays a crucial role in Vietnam's economy. It currently contributes 51% of GDP, generates over 30% of state budget revenue, and provides employment for more than 40 million people, accounting for 82% of the total workforce.