Deputy Prime Minister Tran Luu Quang on March 27 stressed the Vietnamese Government’s determination to speed up the disbursement of official development assistance (ODA) and concessional loans.

Deposit interest rates are expected to remain low until the middle of 2024, with a slight increase anticipated thereafter due to higher credit demand, analysts said.

Deputy Prime Minister Trần Lưu Quang received a delegation from Dongfang business association led by Pang Gangzhi, Chairman of Anzhi Group

Deputy Prime Minister Tran Luu Quang received a delegation from Dongfang business association led by Pang Gangzhi, Chairman of Anzhi Group, in Hanoi on March 27.

The Vietnam – Canada Economic Joint Committee opened its second meeting in Hanoi on March 27, looking to enhance trade and investment collaboration.

Investment in the fields of high technology, services, industrial production and industries with modern technical content is increasing significantly.

This marks an important milestone of VinFast’s distribution network expansion, enhancing the company’s presence and affirming its position in the region’s leading automotive market.

Foreign investors continued to be net sellers, net selling a total of nearly VNĐ2 trillion on both exchanges

Many investors have expressed interest in renewable energy projects but have yet to solve technology-related challenges concerning ensuring the balance and stability of the national power grid, producing and using green hydrogen and ammonia, energy storage solutions and electricity export.  

Revenues from enterprises making key industrial products in Hanoi amounts to some 200 trillion VND (8.33 billion USD) on an annual basis, or close to 35% of the local sector’s total production value.

Việt Nam is facing challenges from climate change, so transitioning to a sustainable production model towards green growth is an urgent requirement, experts said.

ASEAN member states and the Republic of Korea (RoK) have reached a consensus on the transposition of ASEAN-RoK Free Trade Agreement (AKFTA) Product Specific Rules from the Harmonised System Codes HS 2017 to HS 2022.

Vietnam had attracted 6.17 billion USD in foreign direct investment (FDI) as of March 20, a year-on-year rise of 13.4%, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

The disbursed FDI rose by 7.1 per cent in the first quarter to reach $4.63 billion, a signal that the disbursement will continue the positive trend, the agency said.

Hà Nội encounters challenges in scaling organic agriculture models up to large-scale commercial production.

A delegation from Thái Bình Province undertook a visit to Germany with the goal of strengthening trade connections and attracting direct investment from the country.

The Vietnam Chamber of Commerce and Industry (VCCI) has proposed increasing the support for research and development (R&D) costs to over 50% for foreign direct investment (FDI) businesses, it said in policy feedback requested by the Ministry of Planning and Investment.

Bình Dương Province is seeking mutual trade and investment opportunities with Australia.