Retail prices of petrol were revised up in the latest adjustment on January 11 by the Ministry of Industry and Trade and the Ministry of Finance.

Seven Vietnamese businesses have been allowed to export bird's nest products to China so far, said Tran Thi Thu Phuong, Head of the Office of International Cooperation and Communications of the Department of Animal Health under the Ministry of Agriculture and Rural Development (MARD).

SK Innovation has restored 226 hectares of mangrove forests in Southeast Asia,starting with the planting of mangroves in the southern province of Trà Vinh in 2018. 

Investors from 20 countries and territories across the globe have registered more than 11.57 billion USD in 170 foreign direct investment (FDI) in the northern coastal province of Quang Ninh so far.

The disbursement of public investment in 2023 was projected to reach 95% of the plan, equivalent to nearly 676 trillion VND (over 27 billion USD), marking the record high so far, according to Deputy Minister of Planning and Investment Tran Quoc Phuong.

The sales index of the processing and manufacturing sector in December 2023 rose 3.1% month-on-month and 5.1% year-on-year, according to the Ministry of Industry and Trade (MoIT).

Vietnam’s fruit and vegetable exports are expected to reach a new record of 6.5-7 billion USD this year, up 15-20% from 2023, propelled by robust market signs, according to the Ministry of Agriculture and Rural Development.

Trade between Vietnam and Sweden has been growing steadily for many years, with the North European country’s imports rising 9% annually during 2018 - 2022, a relatively impressive figure, an official has said.

With bright signs seen in the last months of 2023, many experts predicted that the domestic steel sector can recover in 2024.

The Thanh Cong (TC) Group, a distributor of Hyundai autos in Vietnam, sold 10,884 vehicles in December 2023, up 36.4% from the previous month, the group said on January 10.

SBV's deputy governor Phạm Tiến Dũng said as the number of customers and transactions increases, the rising complexity poses many challenges for managing and ensuring security in the payment industry.

Listed companies’ earnings growth is expected to recover from zero last year to 10-15 per cent this year, but with a wide variation between sectors, according to Michael Kokalari, a chartered financial analyst  and chief economist at VinaCapital.

Speaking at a meeting to review the performance of SPS Vietnam in 2023 and launch its plan for 2024, Deputy Director of the office Ngô Xuân Nam said Vietnamese firms are now paying more attention to registering to export to the Chinese market. 

Meanwhile, foreign investors net sold on the market for the seven straight days of the New Year.

2023 was a challenging year for the Vietnamese automobile market as sales fell 25% year-on-year despite a 50% cut in the registration fee from July 1, according to the Vietnam Automobile Manufacturers Association (VAMA).

The Ministry of Industry and Trade (MoIT) will roll out major measures to boost exports to the European and American markets this year, an official has said.

After a successful year in 2023, the production and export of products from industrial crops are forecast to face new challenges in 2024, requiring flexible response of each industry from the stage of production to processing and market development.

According to Standard Chartered’s economist, retail sales and industrial production have stayed robust despite the recent moderation.

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