The slight rebound came amid continued declines in both vehicle production and exports.

Prime Minister Pham Minh Chinh has urged the banking sector to make an important contribution to maintaining macroeconomic stability, promoting growth, ensuring major balances; reducing costs to reduce lending rates; and providing credit to prioritised industries and programmes.

The northern province of Hung Yen attracted 68 new foreign direct investment (FDI) projects with total registered capital of nearly 1.4 billion USD in 2024, a local official announced on January 3.

Prime Minister Pham Minh Chinh on December 27 urged the agriculture sector to accelerate and make breakthroughs for a more prosperous and happier life for farmers, more modern rural areas, and more advanced agriculture.

State President Luong Cuong on December 9 presented the title of Hero of the People's Armed Forces to the Viettel Aerospace Institute under the Viettel Military Industry and Telecoms Group (Viettel) in recognition of its excellent achievements in research and production of hi-tech strategic weapon products for the military and the nation.

A forum aimed at strengthening Vietnam-Canada collaboration in the production and energy sectors has been held in Vancouver by Vietnam’s Trade Office in Canada in partnership with the Canada-ASEAN Business Council.

Minister-President of the Central Bank of Cuba Juanna Lilia Delgado Portal on November 20 visited and had a working session with the Vietnam Bank for Social Policies (VBSP) to strengthen cooperation.

The Ministry of Health has proposed a policy to encourage the transfer of new and innovative drugs, aiming to create more opportunities for patients.

The Singapore-based United Overseas Bank (UOB) has downgraded Vietnam’s economic growth rate to 5.9% this year due to the impact of recent Typhoon Yagi, according to the bank’s latest report on the economic situation in the third quarter of the year.

The Vietnam Oil and Gas Group (PetroVietnam) continues topping the PROFIT500 list, which names the 500 most profitable enterprises in Vietnam in 2024.

Vietnam’s industrial production is seeing positive signs for recovery as the consumption index of the entire processing and manufacturing sector increased and the inventory index reduced in the first half of this year.

Malaysia is set to expand its role in global natural gas trading as national oil and gas company Petroliam Nasional Bhd, or Petronas, expands its investments abroad.

The Vietnam Oil and Gas Group (Petrovietnam) has made remarkable achievements, surpassing assignments excellently and ensuring safe and stable production and business, importantly contributing to stabilising the market and ensuring national energy security. 

Measures taken to stabilise foreign exchange market: SBV Governor

Prime Minister Pham Minh Chinh ordered sufficient power supply for production and daily activities, especially during peak season, while chairing a meeting in Hanoi on May 23.

British pharmaceutical company AstraZeneca announced on May 20 its intention to build a 1.5 billion USD facility in Singapore to produce new generation cancer treatment drugs.

In the first four months of this year, the Vietnam Oil and Gas Group (Petrovietnam) exploited 3.38 million tonnes of crude oil and 2.3 billion cubic metre of gas, 20.7% and 36% higher than the respective four-month targets, heard a recent conference of the group.

The Vietnam National Oil and Gas Group (Petrovietnam) saw total estimated revenue of 231 trillion VND (9 billion USD) from production and business activities in the first quarter of 2024, exceeding the set quarterly plan by 33% and up 19% year-on-year, head a conference held by the group recently.

As the year 2024 is expected to witness the start of the fourth wave of foreign direct investment (FDI) to Vietnam, localities nationwide are getting ready to absorb foreign capital flows.

The Vietnamese garment and textile sector is carrying out various measures to bolster production and business activities amidst formidable challenges posed by falling demand, high inventory, and geopolitical instability in several countries, according to insiders.