Head of the Party Central Committee's Economic Commission Tran Tuan Anh emphasised the huge potential for Vietnam to lure abundant, high-quality investment from the US at his reception for US Treasury Secretary Janet Yellen in Hanoi on July 20.

Central Retail on July 19 officially inaugurated a mini go! supermarket in Dien Ban township in the central province of Quang Nam, marking the 6th outlet of its kind in Vietnam.

The Vietnam Banks Association (VNBA) has suggested the Government submit a request to the National Assembly for a resolution to support firms and people to overcome difficulties and promote business development like they did during the COVID-19 pandemic.

Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong and US Secretary of the Treasury Janet L. Yellen had a working session in Hanoi on July 20, pledging to maintain close cooperation between their agencies in the spirit of mutual respect.

The Vietnam Chamber of Commerce and Industry (VCCI) and OLEA Global - a digitised supply chain platform that empowers sustainable trade held a seminar on fintech financing for Vietnam’s exporters on July 20.

The Ministry of Agriculture and Rural Development and the Japan International Cooperation Agency (JICA) on July 20 held a ceremony to hand over equipment and officially open a new laboratory at the Reference Testing and Agrifood Quality Consultancy (RETAQ) Centre.

The Vietnam – US trade relations are enjoying strong growth after the US concluded its investigation related to Section 301 into Vietnam’s alleged import and use of timber illegally harvested or traded, and removed Vietnam from its currency manipulation list, said Trade Counsellor of Vietnam in the US Do Ngoc Hung.

Remittances to Ho Chi Minh in the first half of 2023 topped 4.33 billion USD, an increase of 37% compared to the same period last year, the State Bank of Vietnam’s (SBV) HCM City branch reported.

Exports of cement and clinker products reached 14 million tonnes in the first six months of this year, a year-on-year decline of 15%. Export value is estimated at 700 million USD.

Foreign investment attracted by the northern province of Quang Ninh in the first half of 2023 is nearly equivalent to its target set for the whole year.

Local e-commerce floors in the 63 provinces and cities in Vietnam will connect with one another through a national integrated e-commerce floor, according to the Vietnam E-commerce and Digital Economy Agency under the Ministry of Industry and Trade.

The Asian Development Bank (ADB) has revised its GDP growth forecast for Vietnam down to 5.8% for 2023 and 6.5% for 2024, from 6.5% and 6.8% in April, respectively, according to the Asian Development Outlook (ADO) released on July 19.

Construction started on a road connecting Phap Van–Cau Gie Expressway with Ring Road 3 in Hanoi on July 19.

The lack of a breakthrough in vision and infeasible legal policies, worsened by complicated administrative procedures in pharmacy sector, are among limitations that make Vietnam less attractive to foreign investors, said Duong Thi Mai Hoa, managing partner at Hanoi-based Indusviet Legal LLC.

When the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has the UK as a new member, more cooperation opportunities will open up for Vietnam and the European country, according to insiders.

The State Bank of Vietnam set the daily reference exchange rate at 23,731 VND/USD on July 20, up 27 VND from the previous day.

The northern province of Phu Tho considers digital transformation in agriculture a key to improving production efficiency and farmers’ income, expanding markets and promoting consumption of farm produce.

The export of rice, fruit and vegetables to China and other markets posted a remarkable surge by 34.7% and 64.2%, respectively in the first half, said an official during a meeting of the Ministry of Agriculture and Rural Development (MARD) in Hanoi on July 19 to review the market situation and launch tasks for the coming quarters of this year.

An international exhibition on security technology and fire safety and rescue (Secutech Vietnam 2023) opened in the capital city of Hanoi on July 19.

The 16th International Exhibition and Electrical Technology and Equipment (Vietnam ETE 2023), along with the 13th International Exhibition of Energy Saving and Green Power Products and Technologies (Enertec Expo 2023), was opened in Ho Chi Minh City on July 19.