LG Electronics Inc. said on March 9 that it is scaling up its research and development operations in Vietnam to respond to a rapidly growing electric vehicle (EV) parts business.

The index of industrial production (IIP) of the northern port city of Hai Phong is expected to grow by 13.5 – 14.5% per year, towards increasing the proportion of the manufacturing industry in GRDP to 46%.

Ho Chi Minh City has cut short the procedures for issuing work permits for foreigners and digitalised the application process to make it easy for enterprises to get work permits for their foreign staff.

Vietnam's petrol and oil imports increased sharply in the first two months of 2023, reaching 1.7 billion USD, a surge of 56.3% year on year, the Ministry of Industry and Trade (MoIT) has reported.

The State Bank of Vietnam set the daily reference exchange rate at 23,640 VND/USD on March 9, up 8 VND from the previous day.

The People’s Committee of Vinh Phuc held a conference on March 8 with a view to attracting more strategic investors from Japan to the northern province.

A forum on promoting trade in agricultural and aquatic products between Vietnam and China’s Guangxi province was held on March 8 by the 970 Agricultural Connection Forum’s operation team.

Since China’s reopening on January 8, the export of Vietnamese lobster to this market has increased, but the purchase price of the seafood delicacy has been variable at best, putting farmers at risk of loosing money.

Export processing zones and industrial parks (IP) in Ho Chi Minh City are on the process of transforming themselves towards green and ecology direction to meet the changing demands of businesses.

China’s customs authorities have approved Vietnam's 246 farming area codes and 97 packaging facility codes that fully meet the requirements for export to the Chinese market.

A conference linking hundreds of Hanoi and Singaporean enterprises was held in the capital city of Hanoi on March 7.

Vietnam's aquaculture output was estimated at 1.18 million tonnes in the first two months of 2023, rising by 1.3% year-on-year, according to the Ministry of Agriculture and Rural Development (MARD).

Vice Chairman of the Ho Chi Minh City People's Committee Vo Van Hoan has called on Western Australia's businesses to invest in strong fields such as food processing industry, agricultural biotechnology, and education- training in the southern hub.

Foreign investors, including those from the UK, are becoming more and more concerned about the environment and climate, said Ambassador of the UK to Vietnam Iain Frew.

As one of the effective dialogue channels, the Vietnam - Japan Joint Initiative (VJJI) has contributed to improving the domestic business and investment environment, and raising investor confidence, including those from Japan, said Minister of Planning and Investment Nguyen Chi Dung.

As many as 36 Vietnamese businesses are showcasing their products at the 48th international food and beverage exhibition (Foodex Japan 2023) which kicked off in Tokyo, Japan, on March 7.

The northeastern province of Quang Ninh is striving to complete investment procedures for 18 foreign direct investment (FDI) projects within the second quarter of this year.

The southern industrial hub of Binh Duong has seen a recovery in exporting activities with many major exports seeing increases in revenue in February after a slump in orders in the first month of the year, according to the provincial Department of Industry and Trade.

The Dolce by Wyndham Hanoi Golden Lake is for sale with a starting price of 250 million USD. The auction is set for March.

Businesses from the Republic of Korea (RoK) have been reportedly promoting probiotics marketing to tap into growing demand in Vietnam.