National flag Vietnam Airlines will resume five more routes between Vietnam and China in March and April, meaning nine out of its 10 routes to the destination are back to operation after the pandemic.

Vietnam’s total State budget collection in January is estimated at 183.7 trillion VND (7.78 billion USD), equal to 11.3% of the yearly estimate and down 0.5% year-on-year, announced the Ministry of Finance on February 7.

VinFast on February 7 announced U.S. Bank (listed as USB on New York Stock Exchange) has been chosen as its preferred provider of retail financing and leasing of VinFast vehicles in the US.

Vietnam’s e-commerce is projected to continue booming in 2023 and developing firmly in the following years, aided by a series of growth drivers such as the wave of digital transformation, consumers’ trust, technological infrastructure, and favourable mechanisms and policies issued by the Government.

After the Lunar New Year holiday, many cooperatives, especially those in the food and beverage (F&B) sector, have accelerated their production to fulfil domestic and export orders.

Right from the beginning of 2023, many banks have announced their plans for merge and acquisition (M&A) deals and capital increase.

The State Bank of Vietnam set the daily reference exchange rate at 23,621 VND/USD on February 7, up 10 VND from the previous day.

Vietnam has been accelerating the disbursement of public investment since the beginning of this year after missing its target in 2022.

Despite near-term trade headwinds, tourism has emerged as a source of growth for Vietnam to mitigate the challenges ahead in 2023, according to the “Vietnam at a glance” report released by HSBC on February 6.

In the early days of this year, Hoa Phat Group secured many orders to export its steel products to the US, Canada, Mexico, Puerto Rico, Australia, Malaysia, Hong Kong (China), and Cambodia.

Ho Chi Minh City recorded a year-on-year rise of 5.7% in total retail sales of goods and consumer service revenue in January, according to its Department of Industry and Trade.

Jeju Air Co., the biggest low-cost carrier of the Republic of Korea, said on February 6 that it will resume many routes to Vietnam in April after three years of suspension due to the COVID-19 pandemic.

Brokerage revenue fell at most securities companies amid the general market contraction as the total trading size of the whole market shrank.

VinaCapital Ventures, a technology-focused venture capital fund of the Ho Chi Minh City-based VinaCaptial Group, has announced an investment of 1 million USD into Koina, an agritech startup founded in Vietnam.

The northern province of Hai Duong has set a target to attract 400 million USD in foreign direct investment (FDI) in 2023, according to Vice Director of the provincial Department of Planning and Investment Nguyen Duy Hung.

Vietnam’s export of agro-forestry-aquatic products reeled in over 3.7 billion USD in January, down 23% against the same period last year, according to the Ministry of Agricultural and Rural Development.

Ho Chi Minh City, the largest economic hub in southern Vietnam, needs from 280,000-300,000 or 300,000-320,000 more jobs in 2023, depending on economic growths of the globe and several major countries.

Two-way trade revenue between Vietnam and Laos in 2022 grew 24% from the previous year to reach some 1.7 billion USD, beyond expectations of their leaders at the 44th meeting of the Vietnam – Laos Inter-Governmental Committee on Bilateral Cooperation earlier last year.

The modern e-wallet market in Vietnam is surging and is expected to reach 50 million active users by July 2024, experts said.

The State Bank of Vietnam set the daily reference exchange rate at 23,611 VND/USD on February 6, up 5 VND from the last working day of previous week (February 3).