The National Payment Corporation of Vietnam (NAPAS) recorded a surge of over 50% in digital money transfer transactions in January compared to the same period last year, signaling a significant shift in consumer behavior towards non-cash payment methods.

Construction of two sections of Beltway No. 2 is scheduled to begin in December this year when Thu Duc City completes compensation, resettlement support, and the handover of over 70% of cleared land.

Foreign investors pledged more than US$2.36 billion in their projects in Vietnam in the first month of 2024, a 40.2% increase compared to the same period last year.

The government of HCMC has set an ambitious target to achieve a gross regional domestic product (GRDP) growth rate of at least 6.5% in the first quarter of 2024, the highest level since 2020.

Vietnam has the high possibility of securing a major rice export contract after an Indonesian auction.

As the Lunar New Year, or Tet, approaches, major supermarket chains across the country have announced to extend their operating hours to meet the rising shopping demand in the lead up to the national holiday.

The consumer price index (CPI) in January has risen by 3.37% over the same period last year, with core inflation increasing by 2.72%, according to the General Statistics Office.

The Ministry of Transport has announced that the renovation of three national highways in the Mekong Delta will commence within this year.

Vietnam Railway Authority is working with its Chinese counterpart to create a standard gauge rail link between the two nations in Lao Cai Province. The project is scheduled for implementation in 2025.

HCMC received an impressive US$9.5 billion in remittances from abroad last year, beating the estimate by around US$500 million, according to Nguyen Duc Lenh, deputy director of the State Bank of Vietnam (SBV)’s HCMC branch.