Investment and Industrial Development Corporation (Becamex) targets to earn a profit after tax of 2.26 trillion VND (95.8 million) this year, an increase of 32% compared to 2022, besides increasing charter capital to 20-30 trillion VND.

A seminar on boosting economic cooperation between French enterprises and Vietnam was held in Lorient city of the Bretagne region on June 30 by the Chamber of Commerce of Industry (CCI) of Morbihan province with the participation of representatives from the Vietnamese Embassy and Ministry of Trade and Investment Planning in France as well as local businesses.

The index of industrial production (IIP) in the first half of 2023 grew by only 0.44% compared to the same period last year due to decreasing orders, falling demand and rising input costs, according to the General Statistics Office (GSO).

Vietnam remained the biggest rice provider of the Philippines in the first five months of this year with turnover of 772.4 USD million, surging 31.1% year-on-year.

The State Bank of Vietnam (SBV) has sent a document to credit institutions and branches of foreign banks and SBV in provinces and centrally-run cities regarding the reduction of interest rates.

Many domestic enterprises are renewing their business methods to catch up with the green consumption trend.

Vietnam aims to become a developed country by 2045 and achieve net zero emissions by 2050. It is considered an ambitious goal but also a challenge for a developing country like Vietnam.

The export turnover of agro-forestry-aquatic products in the third quarter of 2023 is expected to be equivalent to the figure in the same period last year, and is likely to see positive growth in the fourth quarter, said Deputy Minister of Agriculture and Rural Development Phung Duc Tien.

A delegation from the Ho Chi Minh City People’s Committee, in collaboration with the Vietnam Trade Office in Canada, organised a Vietnam-Canada business forum in Toronto on June 30 to introduce the city's position and potential and connect businesses of Vietnam and Canada.

Total revenue from retail sales of consumer goods and services increased 10.9% year-on-year in the first six month of this year to more than 3 quadrillion VND (127 million USD), according to the General Statistics Office (GSO).

The Ministry of Transport (MoT) has called for more investments to be prioritised for the logistic system in the north central and central coast regions.

Investment from the Republic of Korea (RoK) in Vietnam is expected to accelerate in the near future, including many large-scale projects worth up to billions of US dollars as a series of memorandums of understanding (MoUs) on cooperation between the two countries' ministries, sectors, and businesses was signed at the Vietnam - RoK Business Forum.

This note is confined to giving an overview (but not a full account) of lawful contract termination grounds provided by Vietnam’s law with some comments from practice as well as drafting notes.

The Government on June 30 issued Decree No. 44/2023/ND-CP on reducing the value added tax (VAT) in line with the National Assembly’s Resolution No. 101/2023/QH15 dated on June 24, 2023.

At the Top 50 Corporate Sustainability Awards announcement event on June 29 in Ho Chi Minh City by “Nhip Cau Dau Tu” magazine, Masan Group was named winner in two categories: Sustainable Resource Management and Outstanding Risk Management Platform.

An international conference to promote trade, investment and tourism cooperation between Kien Giang and India was held in the Mekong Delta province’s Rach Gia city on June 30, drawing representatives from more than 100 Indian firms and 50 local enterprises.

Minister of Industry and Trade Nguyen Hong Dien and President of the National Council of Switzerland Martin Candinas had a meeting in Hanoi on June 30, sharing the view that the two countries should further step up economic, trade, and investment links.

Vietnam’s agro-forestry-aquatic product exports raked in 24.59 billion USD in the first six months of 2023, down 11.1% year on year while the country's imports reached 19.96 billion USD, resulting in a trade surplus of 4.63 billion USD, according to the Ministry of Agriculture and Rural Development (MARD).

The gross regional domestic product (GRDP) of Da Nang city in the first half of 2023 was estimated to increase by 3.74% year on year, according to the municipal Statistics Office.

A total of 7,100 businesses resumed their operations in June, up 19.3% month-on-month, and a 3.2-fold increase compared to the same month last year, according to the General Statistics Office.