Since policies to attract foreign direct investment (FDI) were applied from January 1, 1988, Ho Chi Minh City has led the way in luring investment.

Vietnamese garment and textile enterprises are losing their competiveness due to high costs of logistics services for exports, experts have said.

Ahead of the World Economic Forum (WEF) on ASEAN to be opened in Hanoi on September 11, Deputy Minister of Agriculture Le Quoc Doanh has noted the outcomes of agricultural ties between Vietnam and the WEF and future cooperation prospects.

Power drawn from renewable energy is expected to soar in the future, although the country’s capacity to integrate this source of energy into the national power grid is still limited, possibly causing throttling on the network, heard attendants at a seminar held in Hanoi last week.

The northern province of Quang Ninh will be the destination for a two-day field-trip of delegates to the World Economic Forum on ASEAN (WEF ASEAN) 2018, which it considers a good chance to attract more investment from the Northeast Asian region.

The State Bank of Vietnam set the reference exchange rate at 22,694 VND/USD on September 10, up 6 VND from the last day of previous week (September 7).

Although derivatives market has proved its role as an effective investment channel, it is still not much attractive to institutional investors.

The Ministry of Finance (MoF) is proposing a sweeping ban on the export of raw minerals, a move that would indicate an escalation of the Government’s generally negative stance on a practice that generates little value while causing environmental devastation.

Vietnam’s dairy group TH True Milk recently began construction on a milk processing plant at Kaluga Special Economic Zone in Borovsk district, Kaluga province of Russia.

Five commodities had export values exceeded 1 billion USD in August, according to the Ministry of Industry and Trade.

Equitisation of State-owned enterprises, public-private partnership (PPP) in infrastructure and start-ups in the fourth industrial revolution are expected to open up new opportunities for Japanese firms in the Vietnamese market.

Vietnam has the potential to boost its exports of star anise and cinnamon, but needs supportive policies from the Government, the Lang Son Star Anise Association has said.

The national flag carrier Vietnam Airlines held a ceremony in Moscow on September 7 to mark the 25th anniversary of its route to Russia.

Hoa Phat Group has announced that it churned out 179,400 tonnes of construction steel in August, 9,500 tonnes of which were for export.

Deputy Prime Minister Vuong Dinh Hue received the Chairman and CEO of the Republic of Korea’s Kookmin (KB) Financial Group, Yoon Jong-kyoo, in Hanoi on September 7.

Fifteen Vietnamese companies operating in furniture, fine art, agricultural processing, coffee, rubber, and building materials visited Mexico from September 4-6 to seek opportunities in penetrating the market.

Total budget collection in the January-August period was estimated at 871.8 trillion VND (37.3 billion USD), or 66.1 percent of the yearly estimates, an increase of 13.8 percent year on year, according to the Finance Ministry.

There is still large room for the economic and trade ties between Vietnam and Hungary to grow, as bilateral trade stood at only 354.3 million USD in 2017.

From the mere 335ha of land used for industrial parks in 1986, the total area has since expanded to some 80,000ha, reflecting the strong development of industrial real estate in Vietnam.

A customs bond model for speeding up clearance of goods is required to deal with Vietnam’s complicated administrative procedures and boost its competitiveness, experts told a conference on trade facilitation in HCM City on September 6.