VinFast, the subsidiary automaker of Vietnamese conglomerate Vingroup, has announced it will hold a groundbreaking ceremony of its electric vehicle (EV) factory in North Carolina, the US, on July 28.

Experts have suggested adjusting foreign investment policies, making them match the evolution of the global economy, amidst the shrinking FDI inflows in the first half of this year.

It is necessary to create a synchronous and breakthrough legal framework to deal with bad debts in order to achieve more positive results as the work is facing many challenges, according to experts.

Deputy Prime Minister Tran Hong Ha on July 18 signed a decision approving the infrastructure planning for national petroleum and gas reserves for the 2021-2030 period, with a vision towards 2050.

The Ministry of Agriculture and Rural Development (MARD) forecast that aquatic product exports will bounce back at the end of the third quarter and reach the yearly revenue target of 10 billion USD.

It’s a big challenge for the economy to reach this year’s GDP growth target of 6.5%, and economic expansion is hoped to be boosted by some important demand factors in the second half of 2023, experts have said.

The State Bank of Vietnam set the daily reference exchange rate at 23,704 VND/USD on July 19, down 10 VND from the previous day.

The Embassy of the Netherlands and the United Nations Development Programme (UNDP) have signed to launch their Accelerate Circular Economy for Business (ACE-Biz) project serving a shared commitment to pushing the acceleration of the circular economy in Vietnam’s private sector.

Deputy Prime Minister Le Minh Khai has requested the State Bank of Vietnam (SBV) and relevant ministries and organisations to consider solutions to solve financial difficulties of enterprises in the fishery sector.

Vietnam Post Corporation (Vietnam Post) and La Poste Group (La Poste) of France signed a memorandum of understanding (MoU) on cooperation for the 2023-2025 period in Hanoi on July 18.

The Vietnamese Goods Week 2023 in Thailand is set to take place from August 16 to 20 at the Central World Trade Centre in Bangkok, focusing on the theme of "Ho Chi Minh City and the Mekong Delta".

Malaysian Minister of Investment, Trade and Industry Tengku Datuk Seri Utama Zafrul suggested Vietnam and Malaysia cooperate to attract more investment in the Association of Southeast Asian Nations (ASEAN).

The ASEAN Online Sale Day 2023, the largest online shopping event in Southeast Asia, is scheduled to take place from August 8 - 22, according to the Vietnam E-commerce and Digital Economy Agency under the Ministry of Industry and Trade.

National Assembly Vice Chairman Nguyen Duc Hai, head of the NA Standing Committee’s Supervisory Delegation on the enforcement of energy development policies and laws during the 2016-2021 period, attended a seminar on Vietnamese electricity pricing policies and market held in Hanoi on July 18.

The northern province of Hoa Binh will roll out the red carpet for Thai investors in the locality, said Secretary of the provincial Party Committee Nguyen Phi Long at an investment, trade and tourism promotion conference held in Bangkok on July 17.

Phu Tho’s concerted measures to promote socio-economic development have paid off, as the northern province recorded a gross regional domestic product (GRDP) of 7.22% in the first half of this year.

Experts recommend that Vietnam establish a specialised logistics and transportation system for its agricultural sector, tailored to accommodate a wide variety of agricultural goods.

Poor business performance is affecting retail stocks on the market, but the industry is showing signals of recovery, said experts.

The Ministry of Construction will focus on removing legal bottlenecks for the real estate market and promoting social housing developments in the second half of this year.

Despite macroeconomic challenges, Vietnam has emerged as an innovation hub, attracting many foreign investors, especially those from Sweden, said Eliseo Barcas, CEO of Tetra Pak Vietnam.