There had been 1,643 Vietnamese-invested valid projects in foreign countries with a total capital of 21.93 billion USD as of late April, according to the Ministry of Planning and Investment’s Foreign Investment Agency.

Minister of Information and Communications Nguyen Manh Hung and his Indonesian counterpart Johnny G. Plate on May 10 agreed to promote cooperation between agencies and businesses of Vietnam and Indonesia in information and communications.

Despite oil price declines, the Vietnam Oil and Gas Group (Petrovietnam) posted 18.2 trillion VND (775.5 million USD) in consolidated pre-tax profit in the first four months of 2023, surging 77% from its target for the period and equivalent to 52% of this year’s plan.

Amid the fluctuation of the global financial market, the exchange rate in Vietnam has remained stable in the first four months of this year, and the Vietnam dong has been considered one of the most stable currencies in Asia, according to experts.

Moody’s Investor Service has forecast that Vietnam’s forex reserves excluding gold will rebound to 95 billion USD by the end of the year as the State Bank of Vietnam rebuilds its stockpile.

Jubilantly welcoming the summer vibes, Vietjet has launched the year’s biggest promotion party with 1 million tickets from only 0 VND, gifting free 100,000 VND e-Vouchers and points on the loyalty program SkyJoy, pampering passengers with quality services, many choices of ticket classes which including hot meals and luggages, together with many attractive performances in flights and the return of

Demand for gold in Vietnam fell by 12% year-on-year in the first quarter to 17.2 tonnes, according to the latest Gold Demand Trends report from the World Gold Council.

Vietnam’s durian exports are expected to see a boom in the time ahead when the durian harvest season reaches its peak, according to the Ministry of Agriculture and Rural Development.

About 150,000 new jobs will be created in the second quarter of this year, including 28,200 in electronics and optical device manufacturing, 18,600 in food processing, and 4,700 in beverage production, the Ministry of Labour, Invalids and Social Affairs (MoLISA) predicted.

The Hanoi Supporting Industries Business Association (HANSIBA) and Association for Trade Promotion of Small and Medium-sized Enterprises (SMEs) of China’s Suzhou city on May 9 signed a Memorandum of Understanding (MoU) for cooperation in industrial development.

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) Group, the sole power distributor in the market.

The index of industrial production (IIP) in April was estimated to increase by 3.6% month on month and by 0.5% over the same period last year, according to the General Statistics Office (GSO).

The northern port city of Hai Phong on May 9 granted investment registration licenses to a project to build Berths No.7 and 8 at Lach Huyen deep-water port area, and three others in the city’s industrial parks.

Mercedes-Benz Vietnam (MBV), a subsidiary of the Germany-based Mercedes-Benz Group AG, will introduce three all-electric car models in Vietnam in 2023, said MBV General Director Brad Kelly at a press conference in Ho Chi Minh City on May 9.

Sweden is an important Northern European market of Vietnam, and there remains much potential for the two countries to continue expanding bilateral trade, Minister of Industry and Trade Nguyen Hong Dien told Swedish Ambassador to Vietnam Ann Måwe on May 9.

Vietnam should make changes to its legal system, speed up administrative reforms, and cut off sub-licences to better facilitate Korean investors, said Hong Sun, Chairman of the Korea Chamber of Business in Vietnam.

Bamboo Airways is planning to raise its charter capital to 30 trillion VND (nearly 1.3 billion USD) to restructure its debts and increase capital for its core and support business activities.

Intellectual property (IP) protection of online exports has become increasingly important for Vietnamese businesses as the country has entered a new stage of cross-border e-commerce, experts said.

The northern province of Bac Giang is taking action to accelerate the disbursement of public investment and the implementation of the socio-economic recovery and development as well as the national target programmes for the 2021-2025 period.

The Mekong Delta province of Tien Giang is seeking ways to boost its handicraft exports by improving design, quality and competitiveness.