The Mekong Delta province of Hậu Giang should capitalise on its strengths for fast and sustainable growth while making contributions to regional and national development, President Võ Văn Thưởng said on January 1.

A brighter outlook is predicted for the property market in 2024 compared to last year thanks to favourable regulations and interest rates.

The market capitalisation of Việt Nam’s stock market approximated VNĐ6 quadrillion (US$246.7 billion) in 2023, rising 9.5 per cent from and equivalent to about 62 per cent of gross domestic product (GDP) in 2022, statistics show.

Prime Minister Pham Minh Chinh urged the agriculture and rural development sector to focus on innovation, speed up digital and green transformation and promoting the development of circular economy, knowledge economy, and sharing economy, towards realising the goal of ecological agriculture, modern rural areas and civilised farmers.

The northern province of Hung Yen expects to attract 600 million USD in foreign direct investment (FDI) to its industrial parks this year.

Over 255 tonnes of durian were exported to China via border gates in the northern province of Lao Cai in the first three days of 2024, earning nearly 1 million USD, according to Lao Cai Border Gate Customs Office.

Nutri Soil JSC held a ceremony in Buon Ma Thuot city in Dak Lak province on January 3 to send the first container of macadamia to the Republic of Korea (RoK) in 2024, which is also the first batch of the product exported to the RoK from the Central Highlands via official channels.

The northern province of Thai Nguyen strives to attract 15 new projects to its industrial zones, 500 million USD of foreign direct investment (FDI) and 4.5 trillion VND (over 184.4 million USD) of domestic direct investment (DDI) in 2024, according to the province’s Industrial Parks Management Board.

The increased flights mainly connect HCM City and Hà Nội with Đà Nẵng, Hải Phòng, Vinh, Thanh Hóa, Huế, Đà Lạt, Cần Thơ, Nha Trang, Phú Yên and Phú Quốc.

The National Power Transmission Corporation (EVNNPT) will commence 34 electricity transmission projects and complete 63 others this year, its Chairman of the Member Council Nguyen Tuan Tung told a conference on Tuesday.

VinFast, Việt Nam’s first electric vehicle maker, on January 2 announced the signing of agreements with its first five dealers in four states of the US, bringing opportunities for customers to experience VinFast electric vehicles.

The State does not encourage the trading of gold bars, protect their prices, nor accept too large differences between domestic and global gold prices, and between SJC and other types of gold bars, said Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu.

Vietnam’s credit growth reached around 13.5% in 2023 although unprecedented developments of the global economy posed formidable challenges to the country’s monetary policy, Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu said on January 3.

Vietnam's exports to the EU and the US in 2023 were estimated to reach around 166 billion USD, a 9.6% decrease while imports were estimated at nearly 41 billion USD, a 9.1% drop in comparison to 2022.

The Southeast Asian economy's trade surplus, however, remained positive at $125 billion this year, $33 billion with the EU and $92 billion with the US.

Along with the EU, many other markets have also set new and strict policies, causing many difficulties for wood export activities.

Vietnam shipped 1.61 million tonnes of coffee abroad in 2023, earning 4.18 billion USD, down 9.6% in volume but up 3.1% in value year-on-year.

It is highly unlikely that electricity prices will go down given the current demand, Nguyen Anh Tuan, General Director of Vietnam Electricity (EVN), said at a conference organised by EVN in Hanoi on January 2.

To increase sales, businesses must find ways to diversify sales methods, product types, and implement promotional programmes.

Việt Nam strives to be among the top three countries in Southeast Asia in terms of labour productivity growth.