Việt Nam News

HCM City needs to develop a cold storage system and raw material storage areas for the food processing industry, the Food and Foodstuff Association of HCM City said.

The recent boom in fertiliser prices was triggered by the balloon in prices of natural gas, which accounts for about over 70 per cent of fertiliser production costs.

Shares gained ground on Wednesday thanks to the sharp rises of large-caps and in the securities and real estate group, supporting the overall market.

Việt Nam's foreign exchange reserves will recover to the level of three months of imports and reach $102 billion by the end of this year from the current level of $89 billion.

Business of Việt Nam and China turned busy again after a nearly three-year disruption due to the COVID-19 pandemic.

Given the short timeline before the global minimum corporate income tax was in force, experts urged Việt Nam to take action to come up with appropriate tax policies in adaptation to the global minimum corporate tax in order to remain an attractive destination for FDI.

Trần Thanh Bình from the Import and Export Department, Ministry of Industry and Trade, said the wood industry, like all trade sectors, could not avoid difficulties.

Việt Nam has become Australia's 10th largest trade partner for the first time, while Australia is now Việt Nam's seventh largest trade partner.

Earlier this month, the Government issued key tasks and solutions to implement the Socio-Economic Development Plan and State budget estimate and improve the business environment and national competitiveness in 2023 under Resolution 01/2023/NQ-CP.

Vietnamese equities closed sharply higher on Tuesday, bolstered by a dramatic injection of cash flow into banking and securities.

Vietnamese Deputy Prime Minister Trần Hồng Hà attended and spoke at a session with corporations and investment funds on digital transformation, innovative start-ups, green finance and sustainable development held within the framework of the 53rd World Economic Forum (WEF) in Davos.

The Petrovietnam Drilling and Well Service Corporation (PV Drilling) will supply a jack-up rig for drilling operations by the Republic of Korea’s SK Innovation Co Ltd (SKI) at Lot 16-2 in Việt Nam’s offshore area.

The AeroExpo Hanoi & Vietnam Aviation Forum 2023 will take place from March 21-23, according to the Hanoi Department of Industry and Trade.

The Vietnam Northern Food Corporation (Vinafood 1) said it has basically met or exceeded many key targets in 2022, of which its revenue reached nearly VNĐ16.17 trillion, equaling 106.03 per cent of the yearly plan.

The national census shows that 528 firms have been hard-hit by falling orders so far, of which 65.3 per cent are FDI-financed firms. About 637,491 workers have begun to feel the pinch of the ensuing economic downturn.

Deputy Minister of Industry and Trade Đỗ Thắng Hải said at present, the MoIT is promoting the implementation of solutions to ensure the balance of supply and demand and stabilise the market of essential goods for the Lunar New Year of 2023.

According to Ngô Đức Nhật, co-founder of HCM City-based Hoàng Phát Packaging Co, which specialises in carton packaging production, this market segment had slowed down during the social distancing period due to restrictions in good transportation and import and export activities.

In continuation of moving their production hubs, this year many of the giants in the world of technology and electronics have announced business expansion plans in Việt Nam.