Total public investment to be delivered in 2023 is expected to top VNĐ730 trillion ($31 billion), higher than the realised figure of VNĐ540 trillion in 2022.

While Việt Nam’s economy is performing well amid uncertainties in the global economy, risks to the economic outlook have become elevated. ADB raised its forecasts for the country’s economy to grow by 7.5 per cent this year.

Vietnam supports the Federation of the European Sporting Goods Industry (FESI) to develop its production system of footwear and sporting goods in the country, said Minister of Industry and Trade Nguyen Hong Dien on December 14.

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,652 VND/USD on December 15, down 2 VND from the previous day. ​

Vietnam’s total import-export revenue hit 700 billion USD so far this year, exceeding last year’s record of 600 billion USD, reported the General Statistics Office (GSO).

The movement was driven by positive signs in China as Beijing implemented measures to ease the COVID-19 pandemic prevention and control policy, and Việt Nam officially reopens a number of routes with China to serve the travel needs of passengers.

Five hundred and twenty-eight firms have been hard hit by falling orders. The weakening demand has put 637,000 workers on the line, of which 53,000 have lost their jobs.

The ministry proposed to continue applying regulations on identifying professional securities investors in Resolution 65 from January 1, 2024.

Bình Dương may be well-known as an industrial zone hub but its agriculture also gets attention for its strong potential for growth. The province is home to nearly 200 co-operatives, over 600 farms and high-tech agriculture zones.

The CMA CGM has announced that it has prepared procedures to ask Việt Nam Government to allow it operating in air cargo service.

General Director of the General Department of Vietnam Customs (GDVC) Nguyen Van Can and Director-General of the European Anti-Fraud Office (OLAF) Ville Itälä signed a customs administrative cooperation agreement between the Vietnamese Finance Ministry and OLAF in Brussels on December 14.

The Asian Development Bank (ADB) has revised up its economic growth forecast for Vietnam to 7.5% this year, from 6.5% as projected in September, given regional and global gloom.

The amount of remittances flowing to Ho Chi Minh City has continued to increase despite complicated geopolitical changes in the world, reaching about 6.8 billion USD so far, according to Nguyen Duc Lenh, Vice Director of the Ho Chi Minh branch of the State Bank of Vietnam (SBV).

Vietnam Report Joint Stocks Company on December 14 announced the top 10 reputable animal feed companies in Vietnam in 2022.

Two drivers of Vietnam's economic growth – exports and domestic demand – are moderating, according to a report released by the World Bank (WB) on December 14.

Vietnam’s strong economic performance in 2022 has been driven by several factors, including export, domestic demand and private investment, according to Andrea Coppola, the World Bank (WB)’s lead economist.

Prime Minister Phạm Minh Chính called for more efforts to intensify international solidarity, uphold multilateralisation, and cooperate more closely and effectively among countries, while attending the 10th ASEAN-EU Business Summit in Brussels on December 13 afternoon (local time).

First Vietnamese electric vehicle (EV) manufacturer VinFast announced on December 13 that it handed over 594 EVs of VF e34 and VF 8 models to its customers in November.

VNDirect expects that the gross profit margin of steel companies will soon recover when most of the high-priced inventory has been recorded in the cost of goods sold in the third quarter.

Vietnam has set a target to double the amount of foreign investment in agriculture to 34 billion USD by the end of 2030. However, there were a number of shortcomings and limitations the country must urgently address to realise the goal, according to policymakers and industry experts.