Việt Nam is a potential market for Australian table grapes because of its growing middle class, rapid economic growth and the increasing purchasing power of Vietnamese consumers.

On the sidelines of the DPRK-USA Hanoi Summit on Wednesday, three Vietnamese airlines signed deals with US firms worth more than US$21 billion. They purchased 110 Boeing aircrafts and inked long-term service maintenance and aviation technology agreements. Việt Nam News reporters spoke with economic experts and investors about the future of bilateral trade relations between Việt Nam and the US.

Preferential policies should be granted more selectively, targeting FDI businesses with effective operation rather than the scale of investment, Deputy Prime Minister Vương Đình Huệ said at a working session with the Ministry of Finance in Hà Nội on February 28.

Future trends of the Vietnamese retail market, including the use of digital and AI, were discussed by more than 400 retail experts at a seminar organised in HCM City yesterday (Thursday) by Vincom Retail Joint-Stock Company.

The central city’s People’s Committee said it had granted licences to seven foreign direct investment projects worth US$419.39 million, and agreed investment research for 15 other projects worth an estimated $2.6 billion.

Vietnamese shares were hit hard on Thursday as a no-deal summit between the US and the Democratic People’s Republic of Korea (DPRK) struck investors hard and spread a massive sell-off across the trading board.

The Ministry of Finance on Thursday appointed Nguyễn Như Quỳnh, member of the board of directors at the Hà Nội Stock Exchange, as the new deputy chairperson of the northern market bourse.

Elsa Speak, an English learning application, has successfully raised US$7 million in funding from Google and Silicon Valley in the US.

An estimated 1.59 million foreigners visited Việt Nam in February, a month-on-month increase of 5.8 per cent, according to the General Statistics Office.