The additional investment in the Nestlé Tri An factory would help increase capacity to meet the rising demand for coffee, helping the Vietnamese market maintain its centrality in high quality coffee production and supply for both domestic and world markets.

Prime Minister Pham Minh Chinh required that the railway industry optimise existing assets, finance and human resources to modernise its operation, contributing to developing transport and realising the strategic breakthrough of transport infrastructure set in the Resolution of the 13th National Party Congress.

Nestlé Vietnam has decided to invest an additional 100 million USD in its Tri An factory in southern Dong Nai province, lifting total investment capital in the establishment to more than 500 million USD, according to its General Director Binu Jacob.

Vietnamese exporters are recommended to gear up and act flexible with response measures in the face of transport disruption in the Red Sea.

Đồng Nai has so far attracted nearly 1,600 FDI projects worth more than $34 billion from 44 countries and territories around the world.

Ninh Thuận Province, the country’s largest supplier of many varieties of grapes, is focusing on technology transfer and high-tech application to produce and process a wide range of high value grape products.

The general planning of Hanoi capital city for the 2021-2030 period with a vision to 2050 is expected to serve as a development locomotive for not only in the capital area but also the Red River Delta, Minister of Planning and Investment Nguyen Chi Dung said at a conference held in Hanoi on January 9.

Nearly 3,000 Vietnamese firms have received codes granted by China, enabling them to export farm produce and food products to the Chinese market.

The HCM City Real Estate Association (HoREA) recently sent a written petition to the Prime Minister proposing an extension of a resolution on piloting bad debt settlement until the end of 2024.

Vietnam has exported bird’s nests to China by air for the first time, which once again reflects opportunities for the bird’s nest industry to develop sustainably, especially after a protocol on bird’s nest export to China was signed.

Domestic air carriers said they will operate about 33,800 flights during the Lunar New Year (Tet) holiday, or between January 24 and February 2, up 14% year-on-year and 21% as compared with normal days.

Vietnam Thương Tín Commercial Joint Stock Bank (Vietbank - VBB) plans to make a public issue of 100,000 bonds worth VNĐ1trillion (US$41.17 million).

According to HoREA, the pilot resolution has created conditions for credit institutions to effectively manage bad debts since 2017, especially collateral assets of real estate projects, but it expired on December 31, 2023.

The HCM Stock Exchange (HoSE) has announced that as of December 29, 2023, there had been 42 enterprises with capitalisation of over US$1 billion listed on the HoSE.

The Ministry of Industry and Trade urged Vietnamese exporters and industries to closely watch the situation in the Red Sea, prepare contingency plans for import-export activities, keep close contact with foreign partners and diversify sources to protect the supply chain.

While this uptick signals gradual stabilisation, it's vital to highlight that the BCI has remained below the midpoint since Q4 2022. Notably, over one-third of businesses anticipate underperformance, underlining a cautious outlook amid persistent market weaknesses.

Businesses need to be cautious about new information and contact import-export management authorities to avoid international trade fraud.

The People’s Committee of the southern province of Dong Nai presented investment certificates to eight foreign-invested projects worth nearly 500 million USD on January 8.

A variety of solutions were proposed to remove difficulties facing businesses operating in the Mekong Delta province of Vinh Long at a dialogue held by the provincial People’s Committee on January 8.

Prime Minister Pham Minh Chinh has assigned relevant ministries and agencies to remove any existing obstacles as soon as possible, thus providing unwavering support for the Vietnam Oil and Gas Group (Petrovietnam) to further develop and ensure national energy security.