Tien Giang province has aimed to become an economic locomotive in the Mekong Delta region, which comes as part of a draft plan for the province’s socio-economic development during the period 2021-2030 with a vision to 2050.

The Vietnam Airlines Group, which comprises Vietnam Airlines, Pacific Airlines and the Vietnam Air Services Company (VASCO), will provide nearly 400,000 seats on domestic flights during the peak period from August 31-September 5, in order to meet demand during the National Day (September 2) holiday.

Despite strong efforts and more positive signals recorded, Vietnam’s economic growth stood at only 3.72% in the first half of 2023, putting heavy pressure on the realisation of this year’s GDP growth target of 6.5%, said Deputy Minister of Planning and Investment Tran Quoc Phuong.

A delegation from the US state of California including representatives from the San Francisco Bay Area Council and the Vietnamese-American Business Association (VABA), led by Mayor of Oakland Sheng Thao, visited and held a working session with leaders of the Mekong Delta province of Long An on August 8.

The Ministry of Industry and Trade (MoIT) and the Embassy in India and the host country’s PHD Chamber of Commerce and Industry jointly organised a business forum between the two countries on the evening of August 7 in New Delhi.

Authorities of the southernmost province of Ca Mau have rolled out a series of measures to fulfill socio-economic tasks set for 2023.

The State Securities Commission of Vietnam (SSC) in collaboration with the International Finance Corporation (IFC) held a ceremony in Hanoi on August 8 to launch a manual on greenhouse gas (GHG) emissions inventory and reporting.

Lower tariffs, an easy trading environment, convenient logistic services, and a wide range of materials for manufacturing furniture make Vietnam a promising hub of furniture manufacturing, according to India-based market research company Mordor Intelligence.

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Importing 1.2 billion EUR (1.31 billion USD) worth of fruits every year, Austria is a promising market for Vietnam, authorities held.

The output and export turnover of the Mekong Delta of Kien Giang was affected by a reduction in the global market purchasing power, especially in key markets such as the US, the EU, the Republic of Korea (RoK) and Japan.

Vietnam’s foreign investment attraction will see a positive outlook in the coming time as efforts have been made to improve investors’ trust in the country, said director of the Ministry of Planning and Investment’s Foreign Investment Agency (FIA) Do Nhat Hoang.

The State Bank of Vietnam set the daily reference exchange rate at 23,802 VND/USD on August 8, down 13 VND from the previous day.

The southern province of Binh Duong, known as an attractive destination for foreign direct investment (FDI), has witnessed a surge in domestic investment inflows recently.

Ho Chi Minh City plans to add three more metro lines to connect Tan Son Nhat International Airport and the Can Gio Sea Encroachment Project to the national railway system, and two national railway stations in the city, according to its Department of Transport.

Total non-performing loans (NPLs) at many banks surged in the first half of this year due to the poor business performance of the whole economy, and experts forecast the trend will continue.

Passenger EV sales in Vietnam are expected to at least double this year, according to BMI Research, a Fitch Solutions research unit.

The Vietnam - Israel Free Trade Agreement (VIFTA), which was signed last month, has opened up new opportunities for Vietnamese goods to enter an important market in the Middle East.

The Vietnamese condotel market will not recover at least until 2025 due to excess inventory, according to insiders.

Vietnam now has a great opportunity to expand its rice market share in the UK after India, the biggest supplier of the grain to this market, banned the export, said Trade Counsellor Nguyen Canh Cuong at the Vietnamese Trade Office in the UK.