Business News

Confidence in the manufacturing outlook for the year ahead hit an 18-month high, with manufacturers taking on extra staff at a faster rate. According to an industry report released by S&P Global on April 1, manufacturers in Vietnam are increasingly confident that production will increase over the year ahead.

The dissemination of planning information, district-level land use plans, and provincial-level land price lists on the electronic portals of provincial and district governments saw significant improvement in 2023, compared to 2021 and 2022.

Viet Nam's trade with the rest of the world was estimated at US$65.09 billion in March, an increase of 35.6 percent against the previous month and up 12 percent against the same period last year, the GSO said Friday.

Viet Nam’s GDP was estimated to expand 5.66 percent in January-March period, the highest rate over the same period since 2020, according to the General Statistics Office (GSO). The expansion is higher than previous forecasts of both Standard Chartered and UOB (Singapore) at 5.5-6.1 percent.

In a document sent to the Civil Aviation Authority of Việt Nam, the ministry said that the restructuring of some airlines’ fleet and flight networks, coupled with the recall of PW1100 engines by Pratt & Whitney for repair, have affected the load on both international and domestic flight routes, causing difficulties to passengers in terms of prices and schedules.

Ministries, sectors and localities need to drastically improve the business environment, including improving the efficiency in implementing reform. That was the message from Nguyễn Thị Minh Thảo, head of the Business Environment and Competitiveness Research Department at the Central Institute for Economic Management (CIEM).

Phan Duc Tu, chairman of BIDV’s Board of Directors, said, “Over the first 80 days of 2024, BIDV has disbursed loans totalling $18.95 billion to the economy. However, the figure is lower than its debt repayment of $19.55 billion. As of March 11, the bank’s outstanding balance contracted approximately 1 per cent compared with the end of 2023.”

In the six months since the historic upgrade of the US-Vietnam relationship to a Comprehensive Strategic Partnership, the United States and Vietnam have built on the momentum of our elevated relationship to advance bilateral cooperation across a range of areas.