VIỆT NAM SEES ROBUST GROWTH IN AIR TRANSPORT MARKET OVER PAST DECADE
Việt Nam has seen strong growth in its air transport market over the past decade, jumping from the 11th largest air passenger market in the Asia-Pacific region in 2014 to the eighth largest in 2024, according to the International Air Transport Association (IATA). It also registered the highest growth rate among the top 10 markets in the region at 121 per cent, driven by the country’s strong economic performance and growing appeal as a travel destination.
PM URGES BUILDING INT’L FINANCIAL CENTRE WITH TRANSPARENT, OPEN LEGAL ENVIRONMENT
Policies must ensure property rights, freedom of business, and freedom of movement for all entities participating in the financial centre. Prime Minister Phạm Minh Chính on Thursday requested the establishment of an international financial centre in Việt Nam with a transparent and open legal environment, modern and seamless infrastructure that meets development needs and aligns with global trends and Vietnam's specific conditions.
VIỆT NAM EXPORTED 195,600 TONNES OF CASHEW NUTS IN FOUR MONTHS
In the first four months of this year, Việt Nam exported 195,600 tonnes of cashew nuts, worth US$1.33 billion, according to the General Department of Customs. This represents a 10 per cent decrease in volume, but a 14.4 per cent increase in value compared to the same period in 2024. In April alone, Việt Nam exported 73,410 tonnes of cashew nuts, up 31.5 per cent in volume and 28.6 per cent in value compared to March and up 9.6 per cent in volume and 37.9 per cent in value year-on-year.
BANKING SECTOR STEPS UP ACTION PLAN TO BOOST GREEN CREDIT
At the workshop, on promoting the implementation of the plan organised by the State Bank of Vietnam (SBV), the GIZ Vietnam and the International Finance Corporation (IFC) in Hà Nội, the SBV’s Deputy Governor Đào Minh Tú said: “Green growth is no longer an option, but has become an urgent necessity, especially for developing countries like Việt Nam.
VIETNAM SETS UP COMMITTEE TO BUILD INTERNATIONAL FINANCIAL CENTRE
The Vietnamese government has reiterated its strong commitment to developing an international financial centre by announcing the establishment of the Steering Committee for Regional and International Financial Centre in Vietnam, chaired by Prime Minister Pham Minh Chinh. PM Chinh signed a decision dated May 20 approving the list of members for the committee.
AI-LED STARTUPS GAIN TRACTION IN VIETNAM
AI companies and startups are accelerating their market expansion in Vietnam by leveraging disruptive technology and fostering new growth initiatives. In late April, AnyMind Group announced the acquisition of Vietnamese social and live commerce agency Vibula. As an AI-native company, the acquisition of Vibula enhances AnyMind’s capability to deliver AI-powered live-commerce solutions customised for the Vietnamese market.
IT EXPANSION PLAYS PART IN STATE BUDGET REVENUE RISE
State budget revenues have soared since last year, thanks in part to a focus on digital technology. The Ministry of Finance (MoF) last week reported updated figures in budget state revenue for 2024. Total revenue reached $81.75 billion, up by $13.7 billion or 20 per cent over the initial estimate, and by $6.82 billion or 8.4 per cent as compared to the sum earlier reported to the National Assembly (NA).
VIỆT NAM BOOSTS RICE TRADE THROUGH 2030 WITH NEW MEASURES
To enhance rice exports through 2030, the Ministry of Industry and Trade (MoIT) has rolled out a series of new measures focused on stricter oversight, faster implementation of the national export strategy, and stronger trade promotion efforts. These solutions were introduced by the MoIT’s Export-Import Department during a conference held in the Mekong Delta province of Tiền Giang on Tuesday.
