Prime Minister Pham Minh Chinh has just appointed Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan as head of the Government delegation for international economy and trade negotiations.

The State Bank of Vietnam set the daily reference exchange rate at 23,813 VND/USD on July 5, up 9 VND from the previous day.

Deputy Minister of Industry and Trade Phan Thi Thang on July 4 expressed her hope that Vietnam and the World Bank (WB) will step up their cooperation in the time ahead, prioritising the improvement of energy efficiency and sustainable clean energy.

Vietnam’s 2023 growth is below-trend amid global external headwinds, but its position as a manufacturing FDI darling remains intact, DBS, Singapore’s leading consumer bank, said in a report released on July 3.

The Ministry of Planning and Investment (MPI) has built two scenarios for GDP growth in the second half of the year, based on the situation in the first half.

The Industry Agency under the Ministry of Industry and Trade and Toyota Motor Vietnam signed on July 4 a memorandum of understanding on a cooperation project to help domestic businesses in the automobile supporting industry improve their capacity and enhance the connectivity between them and car assemblers.

The 19th International Precision Engineering, Machine Tools and Metalworking Exhibition and Conference opened in Ho Chi Minh City on July 4 to showcase a range of the latest manufacturing machinery, technologies and solutions.

Sumitomo Corporation and the People's Committee of north central Thanh Hoa province have signed a memorandum of understanding (MOU) to explore investment opportunities in constructing industrial zones in the west of Thanh Hoa city, along with the establishment of logistics and urban centres.

The State Securities Commission (SSC) on July 3 warned investors that there are forged documents to deceive investors, specifically the fake certificate of registration of establishment of public funds issued on May 10, 2023.

Retail firms of the Republic of Korea (RoK) are stepping up efforts to tap into the Vietnamese market, which has huge growth potential thanks to its rapid economic growth and a high proportion of the working age population.

Vietnam raked in an estimated 6.42 billion USD from forestry product exports in the first half of 2023, down 28.8% year on year, according to the Department of Forestry under the Ministry of Agriculture and Rural Development.

The goal of keeping inflation under 4.5% this year will be totally feasible, as the rate may range between 2.5-3.5%, experts said at a seminar held in Hanoi on July 4.

The United Overseas Bank (UOB) has lowered its 2023 economic growth forecast for Vietnam from 6% to 5.2%, and forecast that Vietnam will continue to cut regulatory interest rates in the third quarter of this year to stimulate its economy.

In the context of the global economic downturn and the lingering impact of challenges on the recovery process, many international organisations continue to highlight Vietnam’s positive economic outlook in 2023 thanks to the government's concerted efforts in boosting socio-economic recovery.

Prime Minister Pham Minh Chinh has issued an official dispatch on enhancing the implementation of tasks and measures to promote rice production and export.

Coffee is an export highlight of agricultural products in the first half of 2023, as the industry's export revenue earned 2 billion USD in the period, the General Department of Customs has announced.

US firm CT Strategies is considering the possibility of developing a free trade zone in the southern province of Binh Duong, Andrew Farrelly, the firm’s CEO, said at a working session with the provincial administration on July 3.

The fertiliser export market declined in both volume and price in the first six months of this year.

Low-cost carrier Vietjet has officially reopened direct routes connecting Da Nang and “pearl island” Phu Quoc with Hong Kong (China), meeting the needs of people and tourists.

According to the 2022 rating by US News & World Report, Vietnam is the 30th most powerful country with its GDP topping 363 billion USD, a population of 98.2 million, and a per capita GDP in purchasing power equivalent of more than 11,553 USD.