Việt Nam News

The steel industry in Việt Nam is expected to have a positive outlook for 2024, with major companies like Hoà Phát and Hoa Sen projected to experience significant recoveries, while small businesses may face challenges in finding output due to the recovery of steel prices and demand from large contractors.

Foreign direct investment into Việt Nam during the first five months of the year reached US$11.07 billion, a 2 per cent increase compared to the same period in 2023.

Deputy Prime Minister Trần Hồng Hà requested that the ministry take on a supervisory role in social housing, while compiling the draft of a decree on management and development of social housing held in Hà Nội on May 27.

The number of businesses entering and re-entering the market was still higher than those withdrawing in the first five months of the year.

The Tịnh Biên – An Giang international trade fair opened in the Mekong Delta province of An Giang on May 27.

The State Bank of Vietnam (SBV) has halted its gold bullion auctions and will introduce a new strategy to stabilise gold prices as early as June 3.

The recent depreciation of the Vietnamese đồng against the US dollar is due to the greenback strengthening in the international market and increasing demand for dollars in the domestic market in the wake of rising import demand.

The Vietnamese Government will foster a positive environment for Vietnamese and Chinese enterprises to collaborate effectively on mutually beneficial agreements, Deputy PM Trần Hồng Hà said.

From January to May, Vietnamese enterprises made outbound investments in 16 sectors, mostly focusing on mining, accounting for 43.1 per cent of the total capital, followed by manufacturing and processing industry (23.9 per cent); and trading and retail (8.3 per cent).

Experts say that this week the domestic and international pepper prices will not increase as fast as they did last week, but the market is not ready to cool down and it is likely to anchor at over VNĐ120,000 per kilo.

Cà Mau will spend VNĐ20 trillion (US$785.5 million) promoting the shrimp industry with a view to making the province the biggest shrimp raising hub in the Cửu Long (Mekong) River Delta region by 2030.

Bắc Giang is focusing on developing a work force to attract investments into the semiconductor industry and capture the opportunities of a digital era.

Due to being highly vulnerable to interest rates, any information regarding the central bank’s interest rate policies immediately influences the market.

The Ministry of Industry and Trade (MoIT) is set to actively coordinate with other ministries and sectors to step up the negotiations and signing of new free trade agreements (FTAs) with potential partners.

DPPA mechanism aimed to meet the demand for using clean energy of large customers while attracting investments in renewable energy.

Experts say Vietnamese firms should keep an eye on global trade moves by major economies to figure out how best to promote the consumption and export of products made in Việt Nam, in the context of a glut of cheap Chinese goods flooding the world market.

Although the number of stores did not increase much, revenues still grew by double digits, at 11.6 per cent, reaching VNĐ590 trillion (US$24.1 billion).

The AI race is gaining momentum as it is anticipated to bring about significant behavioural changes, not only for individuals but also for businesses.