Ho Chi Minh City needs to develop a cold storage system and raw material storage areas for the food processing industry, the Food and Foodstuff Association of HCM City has said.

Cash flow shortage is a common challenge faced by small- and medium-sized enterprises (SMEs) in Southeast Asia, with 58% of those from Singapore, Malaysia, Thailand and Indonesia reporting their existing cash flow sufficient to sustain their operations for six months, according to a YouBiz report.

Customs clearance will be suspended at border gates in the northern province of Lang Son and Mong Cai International Border Gate in Quang Ninh province for seven days, from January 21 to 27, during the Lunar New Year (Tet) festival, according to authorities. The work will be resumed from January 28.

Vietnamese fertiliser exports were riding high in 2022 with an aggregate volume of 1.7 million tonnes, bringing in over 1 billion USD.

VNDirect Securities Corporation expects Vietnamese foreign exchange reserves to recover to 3.3 months of imports and reach 102 billion USD by the end of this year from the current level of 89 billion USD last year, said in its updated macro report.

The trade turnover between Vietnam and the European Union (EU) reached 76.3 billion USD last year, a year-on-year increase of 5.1%, according to the European-American Market Department under the Ministry of Industry and Trade (MoIT).

The sea tourism capital of Vietnam’s southern region, Ba Ria- Vung Tau province has set a target of a per capita Gross Domestic Product (GRDP) of about 8,231 USD (excluding crude oil and gas) this year, and increase of 620 USD compared to that 2022.

On the afternoon of January 14, 2023, the inauguration ceremony of the second office building in Long An of WorldSteel Group took place very solemnly, marking a strong turning point in the development journey of World Steel.

A draft plan on the restructuring of the industry and trade sector targets average annual growth of over 8.5% in added industrial value.

A total of 420 private placements of corporate bonds worth approximately 244.6 trillion VND (10.43 billion USD) were made in 2022, accounting for 96% of the total issuance value and marking a year-on-year decrease of 66 %.

Business leaders are calling for increased efforts from government agencies to implement crucial business environment reforms in the coming year.

The Central Highlands province of Dak Lak – Vietnam’s largest coffee-producing region - is striving to make its capital of Buon Ma Thuot a coffee city of the world with distinctive identities.

Vietnam expects to earn 25 billion USD from the export of wood and wooden products by 2030.

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,606 VND/USD on January 18, up 3 VND from the previous day.

Despite the hard work of small and medium-sized domestic packaging companies to stay in tune with market demands and apply the latest production technologies, they continue to face a host of challenges.

Falling orders caused by weak demand have left firms with no choice but to shed jobs and scale down production in the last months of the lunar year.

As soon as China reopened its border on January 8, business of Vietnam and China turned busy again after a nearly three-year disruption due to the COVID-19 pandemic.

The Regional Comprehensive Economic Partnership (RCEP), which came into effect a year ago, has brought about great business chances for enterprises in the region, according to experts.

Ho Chi Minh City has been allocated nearly 71 trillion VND (more than 3 billion USD) of public investment for 2023, including 15.293 billion from the central budget and 55.225 billion from the local budget.

Two-way trade between Vietnam and Australia enjoyed a record year-on-year growth of 26.91% to 15.7 billion USD in 2022, according to the Vietnam Trade Office in Australia.