Việt Nam News

Developing the country's mechanical industry sector is a top priority for Việt Nam in the coming decades, said industry insiders and experts.

The State Securities Commission (SSC) has fined companies and individuals who violated rules on the stock market a total of nearly VNĐ5 billion (US$212,000) in January.

Việt Nam is always a very good business partner of Hong Kong (China), and the two sides have maintained effective trade and investment ties over the past years, according to Hong Kong’s Secretary for Commerce and Economic Development Algernon Yau.

The retail space market has the opportunity to grow strongly in 2023 with the forecast of the recovery of the retail industry, especially with new investment of foreign brands in Việt Nam.

The central bank has said it will keep monetary policy flexible to ensure inflation does not exceed 4.5 per cent this year and monetary and foreign exchange markets remain steady.

Disbursement of foreign investment this year is expected to hit $22-23 billion, Deputy Director of the FIA Đỗ Văn Sử told baodautu. 

Vietnamese shares ended a positive note on Thursday, the last trading session before the Lunar New Year holiday.

The Ministry of Industry and Trade (MoIT)’s E-commerce and Digital Economy Agency will coordinate with other relevant units under the Ministry of Information and Communications, and the Ministry of Finance to take measures in connecting and sharing data to strengthen the management of business activities on social networks in particular and in cyberspace in general.

International trade saw significant upticks with an average daily exchange of VND5 trillion daily, with some days at over VND10 trillion, and more than 4,000 new accounts created during the year 2022, according to the Mercantile Exchange of Vietnam (MXV).

The factors affecting the world economy in 2023 will bring significant challenges to Việt Nam but also open great opportunities for this country if it has suitable solutions to develop the economy

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.