Việt Nam News

The prices of Vietnamese paddy and rice continued to increase last week, according to the the Vietnam Food Association (VFA).

Ambassador to Italy Duong Hai Hung has congratulated Vietnamese enterprises - the Ho Chi Minh City Investment and Trade Promotion Centre (ITPC) and the Handicraft and Wood Industry Association of HCM City (HAWA) - for their initial success in showcasing Vietnamese products in Milan Design Week in Italy - a design & brand arena of furniture businesses around the world.

Kantar Worldpanel has a positive outlook for Việt Nam’s economy, saying that despite obstacles and short-term headwinds, the long-term economic trajectory remains robust.

Central Retail Vietnam’s sourcing team has met with 42 businesses in Ninh Thuận Province at a local supply-demand connection programme.

Most stores and supermarkets offer incentives for installation and material costs, giving consumers more choices.

Quảng Ninh Province wants to lure at least $3 billion in FDI capital into local IPs and VNĐ55 trillion ($2.16 billion) in domestic capital.

By applying various solutions to increase logistics capacity to facilitate export of farm produce, Chu Lai Port is gradually asserting its role as a specialised reefer container port for agricultural export, solving the problem of logistics costs for businesses.

Việt Nam’s economic growth is predicted to expand by about 6 per cent this year based on numerous potentials, significant foreign direct investment, and ongoing efforts to improve the business environment and infrastructure.

For key shrimp products alone, 34-48 per cent of Vietnamese shrimp output imported into South Korea is subject to an out-of-quota tax of 20 per cent in the 2016-2023 period.

The potential for developing the electric motorbike market in Vietnam is significant. As the government encourages the adoption of electric vehicles and consumers become more conscious of environmental issues, there is a growing demand for electric motorbikes.

The amended Law on Real Estate Business, the Law on Land and the Law on Housing will help resolve problems, maximise resources and promote the development of the property market and the affordable segment.

They will showcase a wide range of products including pharmaceuticals, medical machinery, and equipment; hospital services, medical tourism, dental, laboratory, analytical equipment, cosmetics, and beauty care equipment in 550 booths.

The global political and economic situations have caused the currencies of many countries to depreciate significantly, including those of strong economies, by around 3-9 per cent. Việt Nam is no exception with the Vietnamese đồng losing 4.9 per cent against the US dollar compared to the beginning of the year. 

The strategy should also aim to increase the market share of domestically produced automobile products gradually, with the intent to replace imported products.

Việt Nam always attaches importance to and wishes to bolster multifaceted cooperation with Côte d'Ivoire – its traditional friendship partner in Africa.

The downward trend in share prices persisted for four days, reflecting the prevailing pessimistic sentiment surrounding stocks within the securities, construction and real estate sectors.

VietinBank is preparing to present a business plan and propose dividend payout plan at the 2024 Annual General Meeting of Shareholders.

With a strong start in the first quarter, numerous enterprises expect to experience a more prosperous year ahead.