There is lots of room available for Vietnam and Cuba to step up commerce and investment cooperation, especially in farming and food processing, heard a forum promoting trade between the two countries held in Ho Chi Minh City on May 12.

Ho Chi Minh City and Cuba have vowed to enhance agricultural cooperation, especially in sharing experience in hi-tech agricultural production and farm produce processing.

Vietnam is one of the countries with the largest total poultry population in the world, with up to 551.4 million heads being raised across the country in the first quarter of this year, a year-on-year rise of 2.4%.

The northern province of Bac Giang will focus on improving the quality of investment promotion work in the near future, said Chairman of the provincial People’s Committee Le Anh Duong.

Amid numerous challenges facing export, the domestic market has proved its attractiveness and important role, helping with Hanoi’s economic growth.

A high interest rate environment is a great risk to the competitiveness of Vietnamese enterprises, according to economists.

The engagement of the private sector in green and sustainable growth is crucial for Vietnam to complete its target of achieving net-zero emission and raising the green economy scale to 300 billion USD in the total national GDP value in 2050, according to experts.

Vietnamese offshore support vessel service provider Hai Duong Petroleum and Marine Corporation (Haduco) and Malaysia’s oil and gas marine service provider RMS Synergy Sdn Bhd (RMS) on May 11 signed a cooperation deal in Kuala Lumpur to form a joint venture between the two companies.

Hanoi recorded a slight year-on-year decrease of 1.3% in exports to 5.3 billion USD in the first four months of 2023, according to its Department of Industry and Trade.

The capital city of Hanoi targets to build nearly 7 million sq.m of housing this year, in order to raise the per capita housing area to 28.2 sq.m.

Thanh Cong Group on May 11 announced its sales results for April with over 4,590 Hyundai automobiles sold last month, down 20.45% over March.

The Ho Chi Minh City Economic Forum (HEF) 2023 will be held from September 13-17 under the theme “Green growth - the journey to zero emissions,” the municipal People’s Committee announced at a press conference on May 11.

A delegation of officials from Cuba had a working session with representatives of the Hai Phong Economic Zone Authority (HEZA) on May 11 on the occasion of their trip to the northern port city of Hai Phong.

Petrol prices continued to be revised down from 3pm on May 11, following the latest adjustment of the Ministry of Industry and Trade, and the Ministry of Finance.

Revenue from information and communications services reached 1.13 quadrillion VND (47.6 billion USD) in the first four months of 2023, representing 27% of the annual target, figures from the Ministry of Information and Communications (MIC) show.

Wind and solar power investors continued to voice their grievances over difficulties in price negotiations and extending project deadlines with the Power Trading Company (EVNEPTC), a subsidiary of Vietnam Electricity (EVN), the sole power distributor in the market.

The trade union of the Vietnam Oil and Gas Group (PetroVietnam) held a ceremony in the southern province of Ba Ria-Vung Tau on May 10 to launch the Workers’ Month, the Action Month for labour safety and hygiene, and an emulation campaign aimed at overfulfilling the 2023 plan.

Hanoi capital city is aiming to lead the nation during the industrialisation and modernisation process.

Foreign investors still put their trust in the Vietnamese economy, but it is important to take measures for sustaining the upward trend in foreign direct investment (FDI), an expert has said.

The State Bank of Vietnam set the daily reference exchange rate at 23,632 VND/USD on May 11, up 2 VND from the previous day.