The European Chamber of Commerce in Vietnam (EuroCham) will keep close coordination with Vietnam to seize new opportunities and expand cooperation in important fields, its leaders said at a seminar held in Brussels on October 9.

Digital transformation is the most effective way to help businesses improve their capacity and competitiveness, and adapt to new trends and situations, according to Nguyen Duc Trung, Deputy Director of the Enterprise Development Department (EDD) at the Ministry of Planning and Investment (MPI).

The Can Tho branch of the Vietnam Chamber of Commerce and Industry (VCCI) on October 10 organised a meeting between Japanese businesses and Vietnamese firms operating in the Mekong Delta, aiming to provide them with opportunities to connect and seek cooperation.

Vietnam Customs has proactively strived to make changes in line with World Customs Organisation (WCO)’s recommendations and standards in harmonising and simplifying customs procedures, according to WCO Secretary-General Kunio Mikuriya.

The Ministry of Transport has approved a project worth over 3.9 trillion VND (159.8 million USD) on building the two sections of Ho Chi Minh Road in the Mekong Delta provinces of Kien Giang and Bac Lieu.

The northern province of Nam Dinh hopes to receive further investments from Singapore for local socioeconomic development, Secretary of the provincial Party Committee Pham Gia Tuc has said.

The industrial real estate market in the south was vibrant and thriving in the third quarter, with many ready-built factories and warehouses entering the market, according to real estate research companies.

The Vietnam Petroleum Institute (VPI) forecast that the retail petrol prices could fall 9% to less than 23,000 VND (0.94 USD) per litre on October 11 if the Ministries of Finance-Industry and Trade keep the gasoline price stabilisation fund unchanged.

Construction of a road connecting Thang Long boulevard and Hanoi - Hoa Binh expressway with a total cost of more than 5.2 trillion VND (213 million USD) started on October 10.

The authorities of the Mekong Delta province of Long An withdrew 41 domestic investment projects and 26 foreign direct investment (FDI) ones with a total capital of 250 million USD in the last three quarters.

Vietnam has enjoyed an increase in exports via e-commerce in recent years, with many micro-, small- and medium-sized enterprises (MSMEs) are in a prime position to reap significant benefits from the rapid growth of the e-commerce sector.

The State Bank of Vietnam (SBV) on October 9 continued to offer 28-day treasury bills (T-bills) through the interest rate auction mechanism.

Despite difficulties and challenges, the capital city of Hanoi has still lead the nation in foreign direct investment (FDI) attraction over the past years, drawing 2.53 billion USD in the first nine months of this year.

Representatives from around 130 State and private enterprises operating in various fields in Cuba have attended a trade forum held by Vietnam’s Thai Binh Corporation in Havana.

The recent decline in Vietnam’s automobile consumption and its drop to the fifth place in Southeast Asia can be attributed to both external and internal factors, car experts said.

With the growth of e-commerce, Vietnam has become a destination for many manufacturing and logistics firms, which is coupled with a high demand for high-quality logistics real estate, said CEO of Cushman & Wakefield Trang Bui.

Vietnam Registration reported that there were 4,407 Mercedes-Benz vehicles of more than 10 different models produced and assembled domestically and imported that must be recalled due to fuel pump errors.

Despite global uncertainties, Vietnam remains attractive to foreign investors, drawing 20.21 billion USD by the end of September, up 7.7% year on year.

Under a planning approved by the Prime Minister for the 2021-2030 period with a vision to 2050, the northern province of Quang Ninh has 23 industrial parks (IP), the largest number among localities across the country.

The European Chamber of Commerce Vietnam (EuroCham) announced on October 9 its Business Confidence Index (BCI) for the third quarter of 2023, showing that the BCI has regained its upward trajectory in the period, which offers a glimmer of hope for the Vietnamese business environment after a turbulent year.