Credit rating agency Fitch Ratings has forecast Vietnam’s growth in the medium term at around 7%, with many favourable signs.

Retail prices of petrol were changed slightly in the latest adjustment on December 28 by the Ministry of Industry and Trade and the Ministry of Finance.

Prime Minister Pham Minh Chinh has signed to issue an official dispatch asking for measures to strengthen the management of the domestic gold market.

Vietnam's corporate bonds worth 230.2 trillion VND (nearly 9.5 billion USD) had been redeemed before maturity by December 25, an increase of 5.8% compared to the figure in 2022, according to the Ministry of Finance.

Savings interest rates have set a new record low of only 1.9% per year for a 1-2-month term.

Vietnam remains committed and focused on enhancing the development of hydrogen energy production and hydrogen-source fuels in regions with potential and advantages in renewable energy, close to major consumer markets.

Vietnam’s total trade with European and American markets is estimated to decrease by 9.5% year-on-year to around 208 billion USD in 2023, but the country still enjoys a trade surplus of 125 billion USD.

Securities companies are not finished testing phase, while the system still need to get approval from the authorities even when everything is ready.

The legislature sets the goals that the national GDP would grow 6-6.5 per cent in the year, and GDP per capita would stand at between US$4,700 and $4,730. The processing and manufacturing industry is also projected to account for 24.1 per cent - 24.2 per cent of the GDP.

Suffering from declined overseas shipments, export businesses in some industries now need more assistance from the Government to navigate difficulties and challenges, insiders have said.

Deposit interest rates have set a new record low.

Exports of surimi (fish paste) and fishmeal could reach US$1 billion a year in the near future, according to the Việt Nam Association of Seafood Exporters and Producers (VASEP).

VN's draft Hydrogen Production Strategy by 2030, with a vision towards 2050, aims is to strive for hydrogen production capacity from renewable energy processes, producing green hydrogen and other processes with carbon capture reaching 100 - 500 thousand tonnes by 2030 and targeting around 10 - 20 million tonnes by 2050.

The Ministry of Transport has recently issued a circular on seaport services fees, including cargo loading and unloading fees.

Deputy Prime Minister Le Minh Khai on December 27 asked the Ministry of Finance (MoF) to effectively put in place issued policies and those expected to be adopted in order to untangle knots facing businesses, control inflation, and spur socio-economic recovery and development, thus achieving the targets set for 2024.

The forestry sector is set to harvest 17.5 billion USD from exports and 23 million m3 of wood from planted forests in 2024, Trieu Van Luc, Deputy Director of the Forestry Department under the Ministry of Agriculture and Rural Development, has unveiled.

The Ministry of Finance (MoF) plans to implement several policies to support the business sector and people, and promote the country's economic growth in 2024, according to Minister Ho Duc Phoc.

The Ministry of Industry and Trade (MoIT) aims to increase total export turnover in 2024 by about 6% compared to 2023 and maintain a trade surplus of about 15 billion USD for the ninth consecutive year.

Ho Chi Minh City has attracted more than 1 billion USD, both new and adjusted capital, to its industrial parks so far this year, surpassing its plan by 83.57%, the HCM City Export Processing and Industrial Zones Authority (HEPZA) said on December 27.

The 2023 export performance is anticipated to serve as a catalyst for the rice sector, enabling it to explore new markets, strengthen the reputation of Vietnamese rice, enhance national food security, and foster sustainable production and exports in the future.