The State Bank of Vietnam (SBV) has halted its gold bullion auctions and will introduce a new strategy to stabilise gold prices as early as June 3.

The recent depreciation of the Vietnamese đồng against the US dollar is due to the greenback strengthening in the international market and increasing demand for dollars in the domestic market in the wake of rising import demand.

The Vietnamese Government will foster a positive environment for Vietnamese and Chinese enterprises to collaborate effectively on mutually beneficial agreements, Deputy PM Trần Hồng Hà said.

From January to May, Vietnamese enterprises made outbound investments in 16 sectors, mostly focusing on mining, accounting for 43.1 per cent of the total capital, followed by manufacturing and processing industry (23.9 per cent); and trading and retail (8.3 per cent).

Experts say that this week the domestic and international pepper prices will not increase as fast as they did last week, but the market is not ready to cool down and it is likely to anchor at over VNĐ120,000 per kilo.

Cà Mau will spend VNĐ20 trillion (US$785.5 million) promoting the shrimp industry with a view to making the province the biggest shrimp raising hub in the Cửu Long (Mekong) River Delta region by 2030.

Bắc Giang is focusing on developing a work force to attract investments into the semiconductor industry and capture the opportunities of a digital era.

Due to being highly vulnerable to interest rates, any information regarding the central bank’s interest rate policies immediately influences the market.

The Ministry of Industry and Trade (MoIT) is set to actively coordinate with other ministries and sectors to step up the negotiations and signing of new free trade agreements (FTAs) with potential partners.

DPPA mechanism aimed to meet the demand for using clean energy of large customers while attracting investments in renewable energy.

Experts say Vietnamese firms should keep an eye on global trade moves by major economies to figure out how best to promote the consumption and export of products made in Việt Nam, in the context of a glut of cheap Chinese goods flooding the world market.

Although the number of stores did not increase much, revenues still grew by double digits, at 11.6 per cent, reaching VNĐ590 trillion (US$24.1 billion).

The AI race is gaining momentum as it is anticipated to bring about significant behavioural changes, not only for individuals but also for businesses. 

This shift from road transport - the most traditional and optimal option for farm produce exports to China - is mainly due to the fact that in recent years, Việt Nam's railway industry has continuously improved with international inter-modal routes being operational.

According to recent statistics, local live hog prices rose about 30 per cent since the start of 2024.

Industry experts have predicted a potential increase in deposit interest rates by 0.5 to 1 percentage point in the second half of the year, placing the rate at over 6 per cent per year. 

The market for food products made from ginseng is growing as the ability of Vietnamese consumers to pay for health-supporting products is increasing.

A delegation from the Petrovietnam Exploration Production Corporation (PVEP), led by Chairman of the PVEP Members Council Tran Quoc Viet, on May 24 held a working session with their colleagues of Russia's Zarubezhneft JSC in Russia to discuss potential cooperation areas.

The commission reports that 5.5 per cent of the complaints were related to e-commerce.

The finale of “The Next Innovator Contest 2024”, organised by DKSH Vietnam, HCM City Television CafeTek and the authorities of District 11, has recognised 20 excellent innovative ideas that address environmental issues and health concerns proposed by young talented students from the age of nine to 14.