Việt Nam News

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.

Several measures have been suggested at an online seminar held by the Government Portal on May 28 to help the corporate bond market maintain its stability and operate in line with law to aid economic growth.

The Ministry of Industry and Trade supporting the reduction of automobile registration fees is considered a positive effect to the auto industry in the context of the automobile market facing many difficulties.

The State Bank of Vietnam last week cut its policy rates for the third time this year to prop up economic growth. Accordingly, the bank cut its refinance rates from 5.5 to 5.0 per cent and its overnight electronic interbank rate from 6.0 to 5.5 per cent.

Airports in Việt Nam served up to 45.5 million passengers in the first five months of this year, an increase of 37.8 per cent compared to the same period last year, according to the Civil Aviation Authority of Việt Nam (CAAV).

Deputy Prime Minister Lê Minh Khái has just signed a decision approving the Strategy on Development of Việt Nam's Rice Export Markets until 2030, which aims to develop and diversify rice export markets with a reasonable, stable, and effective scale, market and product structure.

Việt Nam's total imports and exports stood at US$230.6 billion by mid-May, down 15.4 per cent against the same period in 2022.

China has approved another 47 farming area codes and 18 packaging facility codes for importing durian from Việt Nam, according to the Ministry of Agriculture and Rural Development.

Its main export markets are China, EU, the US, Australia, Japan, Korea, some countries in Southeast Asia and the Middle East.

Vietnamese banks are among the earliest in the world to make the digital transformation, experts have said.

Foreign investments were poured into 50 out of the 63 cities and provinces, of which Hà Nội received the most, with about $1.87 billion, accounting for about 17.2 per cent of the sum.