Investments

Prime Minister Pham Minh Chinh's State visit to India has ushered in a new era for the bilateral relationship. By reinvigorating and empowering traditional areas of cooperation and propelling new ones, it affirmed that Vietnam and India are steadfast and trustworthy friends, standing shoulder to shoulder throughout history, the present, and into the future.

The bilateral trade between Vietnam and the United States has reached a staggering $74.4 billion in the first seven months of the year, exhibiting robust growth in both export and import activities.

Vietnam needs to continue its transformation and refine its institutional framework. By enhancing information dissemination and coordination, the country can provide the necessary clarifications for the United States to reconsider its market economy status.

As one of the notable new features of the Social Insurance Law 2024, this regulation will come into force on July 1, 2025.

As of May 2024, Hanoi has attracted a remarkable USD 1.3 billion in registered foreign investment, reflecting a substantial 65% year-on-year increase compared to the same period in 2023.

"There is a potential windfall of $1 billion up for grabs for Ho Chi Minh City if it acts now. By implementing the TOD (Transit-Oriented Development) model at the 3 metro stations of Line 1 (Ben Thanh - Suoi Tien), the city can unlock this significant sum. This proposal was put forward during the 5th meeting of the Advisory Council for the implementation of Resolution 98, held on the morning of August 3rd."

According to experts and businesses alike, in times of economic hardship, it is imperative to carefully consider the implications of toll charges on budget-funded highways. Timing and toll amounts should be thoughtfully evaluated. Moreover, to ensure equitable practices, toll collection procedures must be transparent and open to public scrutiny, preventing funds from being diverted into the coffers of unrelated entities under the guise of budgetary compensation.

After a delay due to land clearance issues, the Rach Cay Kho Bridge project, connecting Binh Chanh and Nha Be districts in Ho Chi Minh City, is set to open to traffic on the upcoming September 2nd holiday.

The Deo Ca Tunnel is the second-largest road tunnel in Vietnam, connecting the provinces of Phu Yen and Khanh Hoa. With its early completion, a remarkable four months ahead of schedule, this engineering marvel has catalyzed a transformative impact on the project's investors, reaping savings of VND 4,000 billion.

The automotive industry and consumers are in a peculiar predicament, caught between a rock and a hard place. With vehicles required to meet Euro 5 emissions standards, one would expect a corresponding mandate for compatible fuel. However, this is not the case, leaving both manufacturers and car owners in a state of flux, unsure of how to navigate this inconsistent regulatory landscape.