Stay updated with the latest news and articles about Vietnamese firms.
The Prime Minister underscored that the financial centres are designed to mobilize resources for the growth of Ho Chi Minh City and Da Nang, as well as for the country as a whole. To achieve this, he urged relevant ministries and local governments to focus on essential factors such as infrastructure, human resources, and the overall financial ecosystem.
The complex, strategically located, aims to produce a wide range of petrochemical products, including polyethylene, polypropylene, and other essential chemicals used in various industries. By leveraging advanced technology and efficient production processes, the facility is set to meet both domestic demand and export requirements, significantly bolstering Vietnam's position in the global petrochemical market.
Vietnam's innovation landscape has expanded impressively, with around 4,000 start-ups, 208 investment funds, and numerous incubators and creative centers. The country ranks 56th globally in the start-up ecosystem and 44th in the Global Innovation Index for 2024. These achievements reflect a growing recognition of innovation’s impact on national development.
The manufacturing sector is rebounding strongly, showing resilience after last year’s difficulties. Purchasing Managers' Index (PMI) data reveals five consecutive months of expansion, with industrial production notably improving in textiles and footwear. This resurgence has led to double-digit export growth, driven by broader market access for Vietnamese agricultural products.
The SBV has also organized auctions of gold bars and directly sold gold to four state-owned commercial banks and SJC to meet rising demand from consumers. By coordinating with various ministries and local governments, the SBV aims to maintain public order and ensure the effectiveness of its intervention measures.
This price increase is expected to enhance revenues for companies in the rubber sector, notably the Vietnam Rubber Group. According to MB Securities, the average price for the group’s rubber is projected to reach VNĐ36.8 million per tonne in 2024, a 14% increase compared to this year. Total consumption is estimated at around 500,000 tonnes, contributing to a revenue projection of VNĐ18.35 trillion ($716.8 million), up 9% from 2023.