The Vietnam Oil and Gas Group (Petrovietnam) recovered 2.9 billion USD from overseas investments last year, topping State-owned enterprises (SoEs) in this regard, reported the Ministry of Finance (MoF).

The promotion of national standards and technical regulations has significantly contributed to improving the quality and competitiveness of products, goods and services, an official has said.

Vietnam’s maintaining the momentum of public investment will be crucial because it will rejuvenate economic activities, generate employment, and enhance domestic consumption, said ADB Country Director for Vietnam Shantanu Chakraborty.

The Ministry of Planning and Investment (MPI) and US Agency for International Development (USAID) have handed over cooperation pacts to the first 22 Vietnamese pioneering enterprises (PEs), who will receive customised technical assistance worth 150,000 USD in total from the USAID’s Improving Private Sector Competitiveness (IPSC) project.

The office market in Ho Chi Minh has become vibrant recently with the operation of two office buildings in Thu Thiem new urban area which provides an additional 85,000 sq.m of floor space.

Ho Chi Minh City aims to develop sustainable urban agricultural production with high technologies to be applied in cultivation on at least 70% of its agricultural land by 2030, said the director of the city’s Department of Agriculture and Rural Development.

The northern province of Thai Binh introduced its potential and advantages to British enterprises at an investment promotion conference in London on October 12, pledging the best possible environment for all investors.

A programme, titled Vietnamese Days in Russia, is taking place at the Hanoi - Moscow multifunctional complex Incentra in the Russian capital, introducing Vietnam’s cuisine, culture, and products.

The southeastern region, which leads the country in foreign direct investment attraction, has great potential and motivation to attract high-quality investment, particularly those to green and sustainable development areas, heard a conference held in Dong Nai province on October 12.

Indonesia’s selection of Vietnam as a major source for its rice purchases has further solidified the position and quality of Vietnamese rice, said the Vietnamese Trade Office in Indonesia following a statement from an Indonesian official that Indonesia will import 1.5 million tonnes of rice from Vietnam and Thailand.

Vietnam’s economy has passed its trough, staging a modest recovery with stronger-than-expected growth of 5.3% in the third quarter, but upside risks to inflation have resurfaced, prompting the upgrade of 2023 average inflation forecast to 3.4%, said the HSBC.

Foreign investors have increased their net buying since the end of September, indicating that they still see the bright prospects of Vietnam’s economy and find its stock market attractive in the medium and long term.

The collective economy and cooperatives have made important contributions to the country's economic growth, and social security and equality, and created many jobs for domestic labourers, especially the disadvantaged in society, Deputy Prime Minister Le Minh Khai said on October 12.

Businesses, particularly property developers, are under pressure to sell off assets and real estate projects to settle their debts, including bond repayments and bank loans.

The Ministry of Industry and Trade has provided early warnings for 18 export products originating from Vietnam which are facing a high risk of being investigated for trade defence measures, origin fraud and illegal transshipment.

Vietnam and India boast huge potential to further foster cooperation in trade and investment as both sides have many young and proactive businessmen who are able to create wonderful business opportunities between the two countries, Vietnamese General Consul in Mumbai Le Quang Bien has said.

The northern province of Hoa Binh introduced its potential and strengths as well as investment opportunities to British investors at an investment, trade and tourism promotion conference in London on October 11.

Despite a continued decrease in export turnover in the first eight months compared to the same period last year, the textile and garment industry has shown numerous signs of recovery and opportunities for stronger growth in the remaining months of 2023.

Many wood businesses have received orders for the remaining months of this year after the protracted logjam, sending rosy signs to the domestic timber industry.

Prime Minister Pham Minh Chinh affirmed that businesses and entrepreneurs play a crucial role in the cause of national construction and development when he chaired a hybrid meeting between permanent cabinet members and outstanding businesspeople in Hanoi on October 11.