Việt Nam News

Climate change is one of the long-term problems that beyond any the ability of any single country, therefore global cooperation is essential.

Nguyễn Thế Chinh, director of the Environmental Economic Policy Institute, talked to Vietnamnews reporter Lê Việt Dũng about the situation of circular economy in Việt Nam and the measures to accelerate the transition toward the notion.

Việt Nam posted an all-time high import of automobiles with 173,467 units valued at US$3.84 billion last year, surpassing the previous record of about 160,000 units in 2021

The market demonstrated volatility with ups and downs since early this week. The benchmark VN-Index rebounded 0.23 per cent to close Wednesday at 1,055.76 points after a brief decrease on Tuesday.

Under UKVFTA, UK pharmaceutical companies enjoy lower tariffs, increased access to the public procurement market for pharmaceutical products, and enhanced protection of intellectual property rights in Việt Nam.

Livestock farming firms would be riding high on the back of higher pork prices and growing meat demand in 2023.

On the serviced apartment market, occupancy of 81 per cent rose by four percentage points quarter on quarter and 12 percentage points year on year. That has nearly reached the pre-COVID (or the quarter of 2019) figure at 82 per cent.

The industrial production value of Kiên Giang Province is more than VNĐ44.6 trillion last year, reaching 105.3 per cent of the plan, up 13.7 per cent compared to 2021.

MoIT also called for the fuel price cycle to be shortened from 10 days to 7 days, on Thursday every week (except for public holidays).

HCM City received US$6.8 billion in remittances last year, a slight decrease compared to 2021 but still accounting for 48% of foreign currency deposits at its credit institutions.

Under a report released recently, Viet Dragon Securities Company (VDSC)’s analysts said the interest income growth of the banking industry in 2023 will slow due to the impact of low credit growth and a decreasing net interest margin (NIM).

Rising selling pressure increased in the latter half of Tuesday’s session pulled the market down, despite recovery of some blue chips.

The city’s industry and trade sector will deploy a number of measures to enable it to always stay ahead of trends, helping the city maintain its role as the economic locomotive and take the lead in innovation in the country, according to the city Department of Industry and Trade.

The IMF will always accompany Việt Nam in post-COVID-19 recovery and development, Deputy Managing Director of the International Monetary Fund (IFM) Antoinette Sayeh pledged, expressing her hope for stronger cooperation with Vietnamese agencies, particularly the Economic Commission.

In the context of rising interest rates and rising US dollar, many port and shipping companies are confronting difficulties, but there are still beneficiaries.

Last year was a challenging one for the cashew industry, with exports falling from the previous year, but 2023 might be even worse, according to the Việt Nam Cashew Association (VINACAS).

Standard Chartered Bank expects Việt Nam’s strong growth of 7.2 per cent in 2023 and 6.7 per cent in 2024, following a solid recovery to 8.0 per cent in 2022.

Falling freight rates are a bane for global carriers, but a boon for Vietnamese agricultural exporters, who had their profits eroded by high freight rates in the early months of 2022.