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VIETNAM ECONOMY INVESTMENT

LEGAL FRAMEWORK ESSENTIAL TO PROTECT PERSONAL DATA, DRIVE DIGITAL ECONOMY: EXPERTS

Việt Nam must establish a robust legal framework to manage and protect personal data in order to drive its digital economic growth while ensuring the privacy and rights of its citizens, experts said.

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VIETNAM ECONOMY INVESTMENT

VIETNAM’S JAN-OCT RETAIL SALES GROW 9.4% Y-O-Y

Vietnam’s retail sales of consumer goods and services expanded by 9.4% year-on-year in the first 10 months of this year, according to the General Statistics Office (GSO). In October alone, sales revenue of consumer goods and services amounted to an estimated VND536.3 trillion, a 1.5% rise over the previous month and a 7% increase against the same period last year.

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VIETNAM ECONOMY INVESTMENT

DRAFT AMENDED LAND LAW AIMS TO PROTECT AND INCREASE LAND RESERVES FOR ETHNIC MINORITIES

Deputy head of the Land Department under the Ministry of Natural Resources and Environment Lê Văn Bình says the Land Law when adopted will ensure that ethnic minority groups living in remote and mountainous regions can lead stable lives and have the necessary conditions for socio-economic development.

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VIETNAM ECONOMY INVESTMENT

DIGITAL FINANCIAL SERVICES ON UPWARD TREND IN VIETNAM

The report highlights a steep growth in Vietnam's digital financial services on top of a low base. Digital payments are estimated to reach of $126 billion in 2023 in gross transaction value (GTV), up 19 per cent from $105 billion in 2022. By 2030, digital payments in Vietnam is predicted to reach $190 billion in GTV.

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VIETNAM ECONOMY INVESTMENT

EU RELEASES $23 MILLION FUND FOR CLEAN ENERGY IN VIETNAM

The European Union has released $23.6 million of budget support to the Vietnamese government in the framework of the EU - Viet Nam Sustainable Energy Transition Programme (SETP). The move brings the total disbursement by the EU under this programme to $51.5 million.

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VIETNAM ECONOMY INVESTMENT

PLAN APPROVED TO DEVELOP NATIONAL DATA CENTRE

The National Data Centre, to be built, managed, exploited and run by the Government, will integrate, synchronise, store, share, analyse, exploit, and coordinate data of state agencies in line with legal regulations to create a data warehouse on people and another gathering data from national databases.

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VIETNAM ECONOMY INVESTMENT

HCM CITY’S ECONOMY MAINTAINS GROWTH IN 10 MONTHS

The mining industry grew by 6.1 per cent monthly and 8.9 per cent annually. Meanwhile, the processing and manufacturing industry expanded by 2.5 per cent and 11.1 per cent, respectively, electricity production and distribution sector down 1.1 per cent compared to the previous month but up 5 per cent year on year.

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VIETNAM ECONOMY INVESTMENT

NA DISCUSSES SOCIO-ECONOMIC DEVELOPMENT IN 2023, THE ANTICIPATED PLAN FOR 2024

At the meeting, NA deputies highly valued the Government’s efforts in providing support to businesses. However, Deputy Dương Văn Phước from central Quảng Nam Province pointed out that businesses were facing various challenges, such as difficulties in accessing capital, heavy tax burdens, and volatile prices.


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