Việt Nam News

The two emerging markets Việt Nam and Thailand, especially Việt Nam, are very much in focus by brands because of growing economies and expanding high-net-worth (HNW) populations as well as the attitude and shopping habits of the young middle class toward luxury goods.  

Consumers and businesses are called on to join authorities to curb counterfeit, fake, and smuggled goods on online shopping platforms, particularly as e-commerce has been thriving strongly in Việt Nam.

Agro-forestry-aquatic product exports were estimated at US$20.26 billion in the first five months of 2023, down 11.1 per cent year on year, according to the Ministry of Agriculture and Rural Development (MARD).

A survey also identified four groups of the biggest difficulties that enterprises have been facing. That are difficulties in orders, accessing loans, carrying out administrative procedures, and meeting the provisions of the law

However, gains were capped by strong net sold activities by foreign investors.

As many as 23 export items joined the more than one-billion-US dollar club, making up 87.4 per cent of the total export turnover.

The State Bank of Việt Nam (SBV) has requested banks, branches of foreign banks, and providers of intermediary payment services to take steps to continue promoting cashless payment and the implementation of the national digital transformation programme.

HCM City will improve its business climate and create favourable conditions to attract remittances and investment, said a city official.

CBSA will stop gathering information on June 15, and the parties will submit their arguments on June 22.

A series of opportunities to connect and share experiences among enterprises that invest in Environmental, Social, and Governance (ESG) will be offered at the Vietnam ESG Investment Conference 2023.

However, the Vietnamese rubber market share is shrinking here, while the market shares of Indonesia, China, the Philippines, Cambodia, and Singapore tend to increase.

Việt Nam invested nearly US$316.4 million abroad in the first five months of this year, equivalent to 93.5% of the figure recorded in the same period last year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

There remains an ample room for Vietnamese exports to Africa, as the country accounts for only 0.6 per cent of the continent's total import of US$600 billion per year, according to the Ministry of Industry and Trade, given opportunities brought about by the African Continental Free Trade Area (AfCFTA) agreement.

Outlet stores have been present in Hà Nội City since 2012 but their business was not so profitable because of low product diversity.

According to EIU, Việt Nam, along with Thailand and India is the Asian countries that have improved their ranking the most over the past year.

Việt Nam's Consumer Price Index (CPI) rose slightly in May 2023 compared to the previous month by 0.01 per cent and 2.43 per cent compared to the same period last year with the largest contributing factors being increases in prices of grains and food, as well as the prices of electricity and household water due to hot weather.

On Monday, the Industry and Trade Newspaper held a seminar on promoting digital transformation to ensure national energy security by 2050.

Both national stock indices ended the first trading day of the week on a positive note, as a wave of gainers permeated nearly all sectors, reflecting the optimism of investors in the market's outlook.