Hanoi capital city is taking measures to bring into full play opportunities brought about by craft villages to facilitate its development, as it accounts for 59% of the country’s total number of trade villages.

Vietnam needs to develop a coffee value chain to help the industry develop along an integrated, multi-valued and humane direction, so that coffee growers can receive the most benefits in the value chain, said Minister of Agriculture and Rural Development Le Minh Hoan.

Agriculture has long been the backbone of Vietnam’s economy for a number of comparative advantages, such as cultivated land, forest cover, sea territories, tropical climate, and available and cost effective labour, according to Surajit Rakshit, Head of Global Trade and Receivables Finance, HSBC Vietnam.

In 2022, Vietnam's GDP growth revved up to 8.02%, the highest in 15 years, symbolising a strong recovery from the COVID-19 pandemic, while the Government forecasts that in 2023 the economy will continue to grow at an impressive 6.5%.

Members of the Vietnam Automobile Manufacturers’ Association (VAMA) sold 22,409 automobiles of all kinds in May, a decrease of 8% compared with the previous month.

Flights between Nanki Shirahama airport in Japan’s southeastern prefecture of Wakayama and Hanoi and Da Nang city of Vietnam are expected to be launched next month, Wakayama’s authorities said on June 13.

The State Bank of Vietnam set the daily reference exchange rate at 23,700 VND/USD on June 14, up 1 VND from the previous day.

The Vietnam Oil and Gas Group (Petrovietnam) earned 334 trillion VND in total revenue in the first five months of 2023, 20% higher than the target for the period, statistics show.

More than 162.8 trillion VND (6.9 billion USD) in export and import taxes was collected for the state budget as of June 11, equivalent to 38.3% of this year’s target and down 18.1% from the same period of 2022.

The 19th edition of MTA Vietnam 2023, an international exhibition and conference on precision engineering and manufacturing, will return from July 4-7 in Ho Chi Minh City, with 320 exhibitors from 13 countries and territories taking part.

There are great opportunities for Belgian investors in the development of seaports in Vietnam, a country owning a coastline of over 3,200km, heard a conference held in Anvers city of Belgium on June 12.

Honda Vietnam on June 13 announced that its retail sales of motorcycles and automobiles in May decreased by 31.5% and 9.6% respectively compared to the previous month due to market difficulties.

Toyota Vietnam sold 3,902 passenger cars, including the luxury brand of Lexus, in May, topping the market segment, the joint venture reported on June 13.

Vietnam is participating in the ongoing AsiaBerlin Summit 2023 in the German capital, sharing its innovative ideas on technological solutions and products for energy saving and environment protection.

Reservoirs of hydropower plants in northern localities on June 12 received an additional water amount 28% higher than that of June 11, which helps lift some of them from the “dead level” - the minimum to ensure power generation.

UOB FinLab, an innovation accelerator powered by the Singapore-based United Overseas Bank (UOB), announced its official launch in Vietnam on June 13.

A new report by Prime Minister’s Advisory Council for Administrative Procedure Reform has identified nine groups of challenges that enterprises in Vietnam are facing in the coming time.

July marks the end of the lychee season in China but the main harvest in Vietnam. Therefore, domestic firms are advised to optimise this opportunity to boost exports to the neighbouring country.

An international transit terminal project worth nearly 5.5 billion USD is expected to be built in Can Gio district of Ho Chi Minh City, creating breakthroughs for the marine economy of the city, the southeastern region, and Vietnam as a whole.

Online exports are seen as a “launchpad” that helps businesses maintain sustainable revenue and increase exports in the context of rising inflation and consumers tightening their spending, according to insiders.