Ho Chi Minh City maintains its role as Vietnam’s economic engine, driven by strong industry, expanding services, robust trade and a growing digital economy. Ho Chi Minh City, with rapidly upgraded infrastructure, serves as the country’s leading economic growth engine. Photo: Phuc Ha. Looking back on more than 51 years since the liberation of Ho …
Around 51,600 new enterprises were established with total registered capital of nearly VND508 trillion (US$20 billion) in the first four months of 2024, according to the General Statistics Office (GSO). This marked year-on-year increases of 3.4% in the number of businesses and 9.3% in the capital, it said. These new businesses registered a total of …
The central hub will welcome all investors planning for investment expansion or fund flow moves in the region. The central city’s People’s Committee has officially issued an investment promotion programme for 2024 aiming to diversify partners and investment flows for new development. The city said the programme will focus on calling potential domestic investors in …
The consumer goods group has successfully finalized the acquisition of a $250 million investment from Bain Capital, a prominent global private investment firm. The State Securities Commission has confirmed receipt of comprehensive documentation pertaining to the issuance of preferred dividend convertible shares by Masan, marking the culmination of the transaction process. This strategic investment, originating …
According to experts, the Fed’s interest rate cut will support Việt Nam’s monetary policy management as the State Bank of Vietnam (SBV) may not be under pressure of dollar appreciation after the greenback weakens in the wake of the Fed’s rate cut. Goods are exported at a port. The recovery of consumption in the US …
Ho Chi Minh City’s economy has grown by 6.54% this year, its strongest first-quarter growth since 2020. Downtown District 1, Ho Chi Minh City, February 2023. Photo by VnExpress/Quynh Tran It beat the 5.5% growth forecast by experts, according to the Statistics Office of Ho Chi Minh City. The previous highest Q1 rate was 4.58% …