The northern coastal province of Quang Ninh has strengthened measures to attract quality foreign direct investment (FDI) inflows, especially from big names in the processing-manufacturing industry.

Small- and medium-sized enterprises (SMEs) in supporting industries can benefit from multinational groups’ China plus-one strategies that include Vietnam, wrote Filippo Bortoletti, Country Director of the Dezan Shira & Associates Vietnam.

The successful experience of the "New Village Movement" in the Republic of Korea (RoK) is being applied in some Vietnamese localities through the Haeng Bok (Happy) Programme funded by the Korea International Cooperation Agency (KOICA), Deputy Prime Minister Le Minh Khai has said.

Representatives of ministries and sectors highlighted measures to achieve the GDP growth target for 2023 at the Government’s regular press briefing on April 3.

The State Bank of Vietnam set the daily reference exchange rate at 23,602 VND/USD on April 4, up 2 VND from the previous day.

The tax sector collected an estimated 462.92 trillion (19.71 billion USD) for the State budget in the first quarter of 2023, equivalent to 31.1% of the yearly estimate, the General Department of Taxation reported on April 3.

Ho Chi Minh City’s Index of Industrial Production (IIP) in the first quarter of 2023 declined by 0.9% compared to the same period last year, the municipal Department of Industry and Trade reported at a press conference on April 3.

The Department of Industry and Trade of Ho Chi Minh City on April 3 announced a market stabilisation programme for food and essential products in 2023 and during the lunar New Year (Tet) holidays 2024.

Agusha, a Russian baby milk brand by PepsiCo Group, has arrived in Vietnam, with products on sale in 11 cities and provinces across the country and three major e-commerce platforms of Shopee, Lazada and Tiki.

The Southeast Asia Commercial Joint Stock Bank (SeABank) said on April 3 that the Asian Development Bank (ADB) has doubled the trade finance limit to 60 million USD, and increased the 5-million-USD limit of the revolving loan for the bank to 10 million USD.

After having shown signs of recovery in the previous month, the Vietnamese manufacturing sector took a step back in March, according to S&P Global - the world’s foremost provider of credit ratings, benchmarks and analytics in the global capital and commodity markets.

The Ministry of Industry and Trade and the Ministry of Finance revised up the prices of petrol in the latest adjustment on April 3.

A trade, investment, and economic cooperation promotion conference between Vietnam and China was held in Hanoi on April 3 on the occasion of a working visit to Vietnam by officials of the international trade promotion council of China’s Sichuan province.

Vice chairman of the northern province of Cao Bang Nguyen Trung Thao has suggested companies from the locality and the city of Baise in Guangxi Autonomous Region of China prioritise capital to potential sectors such as logistics, processing-manufacturing, and high technology.

Fisheries export value was estimated at 1.85 billion USD in the first quarter (Q1) of this year, a fall of 27% compared to the same period last year due to lower consumption and import demand under the impacts of inflation and economic recession, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Vietjet will be the first airline to operate the direct service between Hanoi and Phuket (Thailand) starting this summer.

President of the Vietnam Cooperative Alliance (VCA) Nguyen Ngoc Bao had a working session with a delegation of Chongzuo city in China’s Guangxi Zhuang Autonomous Region in Hanoi on April 2.

The private business sector has been an important driving force of the economy and is expected to raise GDP contribution to 55% by 2025, a top economist told the second Private Economic Forum 2023 in Hanoi on April 2.

The State Bank of Vietnam set the daily reference exchange rate at 23,600 VND/USD on April 3, unchanged from the last working day of previous week (March 31).

Vietnam and Israel will accelerate their internal affairs and final legal steps in preparation for the signing of a bilateral free trade agreement (VIFTA) this year, which marks the 30th anniversary of their diplomatic ties.