Vietnam Electricity (EVN), the country's largest power company, said the rumour about Vietnamese authorities urging certain businesses in northern Việt Nam to voluntarily reduce electricity usage by 30 per cent is inaccurate.

The export value of timber and wood products in Việt Nam is estimated to reach over US$6 billion in the first five months of this year, an increase of 18 per cent over the same period last year, according to General Department of Vietnam Customs.

Việt Nam has been overly reliant on FDI businesses and the country needs to pivot towards a comprehensive industrial ecosystem to support the development of domestic industries, said industry leaders and policymakers.

The distributors are in Hải Phong City, HCM City, Hà Nội and Quảng Nam Province.

Deputy Prime Minister Lê Minh Khái on May 22 met Speaker of the Japanese House of Representatives Nukaga Fukushiro as part of his trip to Japan to attend the 29th International Conference on the Future of Asia (FOA).

The Cross-border E-commerce Summit 2024 embraces digital trade as an opportune pathway to elevate Vietnamese enterprises and brands onto the global stage.

Financed by Điện Biên Rubber JSC, the plant will produce 5,000 tonnes of products annually once operational in 2025.

Eight of the companies slated for divestment are well known and listed on the stock exchanges.

Agricultural services and food conglomerate Lộc Trời Group Joint Stock Company announced on May 21 that it had completed payments for the 2023-2024 winter-spring rice crop to farmers in the Mekong Delta after a delay of more than one months.

As many as 12,075 products under the One Commune - One Product (OCOP) programme across Việt Nam have been rated three stars or higher, according to the Central Co-ordination Office for New-style Rural Area Development.

The 33rd Meeting of the ASEAN Customs Directors-General will take place from June 4-6 on the island city of Phú Quốc in the southern province of Kiên Giang.

Lào Cai has proposed trialling a cross-border e-commerce zone or a free trade zone in the northern mountainous province to create a bridge between Việt Nam and other ASEAN countries with the Chinese market.

The US Department of Commerce (DOC) recently announced preliminary conclusions of the anti-dumping investigation into aluminum extrusions and aluminium products originated from Việt Nam, according to the Ministry of Industry and Trade's Trade Remedies Authority of Việt Nam.

Deputy Minister of Finance Nguyễn Đức Chi said that despite global uncertainties, Việt Nam’s macroeconomy remains stable with robust recovery of production, exports and foreign direct investment.

The central bank has suggested that incentives could be used to promote non-cash payments. 

Đồng Nai, a southern province, aims to become one of Việt Nam's three largest economic centres by 2030, after Hà Nội and HCM City.

The first quarter saw the Southeast Asian country import $3.079 billion worth of mobile phones and components, a 22.4 per cent increase compared to last year and the 5th largest import of the country.

The Vietnam National Credit Information Center (CIC) introduced the first credit scoring model according to international standards in 2015

The aim is to ensure fairness for businesses, consistency with regulations safeguarding investors' rights, and compliance with Việt Nam's international commitments.

Large-cap stocks in banking and manufacturing sectors led the market's downturn.