Economy

There have been significant improvements in implementing supportive policies for business, reducing unofficial costs, and streamlining administrative procedures.

The Vietnam Outstanding Export Products Fair 2024 will help Vietnamese exporters to network with foreign buyers and expand their markets.

There are about 3,000 hectares of lotus cultivation in the Mekong Delta, mostly for seed production.

State budget revenues from import-export activities in the four months reached VND124.7 trillion ($4.9 billion), equivalent to 33.3% of the assigned target.

Remittance volumes will be a new source of demand driving the property market, according to VARS.

The Hanoi Vocational Education Day 2024 will be held at the Dong Anh District Cultural Information and Sports Center in Hanoi.

The Hanoi Tax Department has a plan for inspections and audits on e-commerce in 2024, with more than 2,300 organizations and individuals as targets.

Government agencies are working on a pilot management policy for electronic cigarettes, which will be submitted to the Prime Minister for consideration.

Local companies are urged to strengthen their management and financial capabilities for sustainable operations, improved growth and enhanced competitiveness.

The Vietnamese government is working with institutions and companies to promote semiconductor innovation and production.

Industrial parks are crucial for attracting domestic and foreign investment projects, particularly leading global corporations.

This is the first collaboration between Samsung Vietnam and NIC to support Vietnam's goal of 50,000 semiconductor engineers by 2030.

High-tech companies from around the world are competing for investment opportunities in Vietnam, a Samsung executive has said.

Local lenders are encouraged to provide incentives and attract individuals to take out consumer loans.

The project would contribute to the sustainable development of Hanoi and Vietnam.

Vietnam's ability to train a skilled workforce will be a crucial anchor for keeping foreign companies investing in Vietnam.

If the VAT reduction policy is continued for the last six months of the year, the total revenue loss for 2024 is projected to be approximately VND47.5 trillion (US$1.87 billion).