The Republic of Korea (RoK)’s KP Aero Industries will start building a 20,000sq.m factory with an investment of VND480 billion (US$20 million) at the central city’s Da Nang Hi-Tech Park, to produce and supply various parts for the aircraft industry.

Standard Chartered Bank expects Vietnam to have a robust GDP growth of 6.7% in 2024 (6.2% and 6.9% in the first half and second half of the year, respectively).

VinFast, Vietnam's leading electric vehicle manufacturer, unveiled its new electric vehicle concept - the VF Wild - at the Consumer Electronics Show in Las Vegas (CES 2024) on January 9.

Vietnam's exports to the EU and the US in 2023 were estimated to reach around US$166 billion, a 9.6% decrease while imports were estimated at nearly US$41 billion, a 9.1% drop in comparison to 2022.

Revenue from e-commerce for domestic organisations and individuals reached VND536.5 billion (over US$22 million) this year, reported the General Department of Taxation (GDT).

Nachi Nguyen, a Vietnamese manga (Japanese comic) lover and comic artist, has won the silver prize at the Japan International Manga Awards with her work “Dieu nhay cua vu tru” (The Dancing Universe).

Savings interest rates have set a new record low of only 1.9% per year for a 1-2-month term.

Though the asset quality of banks in Vietnam will be temporarily under control until the end of 2023, experts said more attention should be paid to the issue in 2024 as bad debts are rising.

The severe cold spell, which has blanketed the northern region as well as the north-central provinces of Thanh Hoa and Nghe An for about 10 days now, is expected to end early this week.

Foreign investors are expected to plough large amounts of money into the Vietnamese property market in 2024-26.