Vietnam’s fruit export turnover is expected to top 5 billion USD by 2025 and about 6.5 billion USD by 2030.

Vietnam’s outbound investment, including both newly-registered and adjusted capital, exceeded 450 million USD in the first 10 months of this year, equivalent to nearly 70% of the figure recorded in the same period last year.

Organised by INTECH Group, the two-day event will be a place for suppliers of products and services to display and demonstrate useful products and solutions for customers.

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,695 VND/USD on October 31, up 2 VND from the last working day of previous week (October 28).

Though the State Bank of Việt Nam (SBV) has hiked interest rates twice in a month, experts agreed the SBV has no other choice but to take strong measures to curb upward pressure on the USD/VNĐ exchange rate and inflation.

The recent Government’s report submitted to the National Assembly revealed that the operation efficiency of SOEs was below expectation while the investment efficiency of SOEs was not as high as expected when the projects were approved.

Concerned businesses and associations have repeatedly suggested that the collection of seaport infrastructure fees for goods transported by inland waterways was unreasonable and not to the right subjects.

On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index closed the week at 1027.4 points.

Vietnam attended the International Tourism and Travel Show that took place in Montreal, Canada, from October 28-30 after two years of absence due to impact of the COVID-19 pandemic.

The Ministry of Industry and Trade (MoIT) will continue to design more plans to effectively implement the campaign of encouraging Vietnamese to prioritise Vietnamese products, while speeding up administrative reform to gain public confidence, according to Deputy Minister Do Thang Hai.

Increasing deposit interest rates is in line with the general trend, ensuring liquidity safety and capital mobilisation for the economy, Deputy Governor of the State Bank of Vietnam (SBV) Pham Thanh Ha has said.

Many Danish businesses, especially small- and medium-sized ones, have high hope for investment opportunities in the Vietnamese market, according to Ambassador to Denmark Luong Thanh Nghi.

Macroeconomic stability will be a good foundation for developing the stock market, Deputy Minister of Finance Nguyen Duc Chi said at the Government’s regular press conference on October 29 in Hanoi.

The Vietnamese logistics sector is eyeing the urgent need for renovation, overall solutions and vision as well as new development orientations to catch up with the global trend, creating a breakthrough for the country’s socio-economic recovery and development, according to experts.

In October, the country's total export and import value was estimated at $58.27 billion, up 0.1 per cent month on month and 5.7 per cent year on year, the GSO said on October 29.

A contributor to the CPI hike was higher petrol prices, which went up 36.01 per cent during the period, while gas prices fluctuated in line with changes in the global markets, up 15.35 per cent from a year earlier.

Việt Nam has been making all-out efforts to handle the EC’s recommendations in the best possible manner to develop a sustainable, responsible, and well-controlled seafood industry.

The global economic downturn and inflation, credit restrictions, limited supply of properties, and rising prices are major challenges for developers, Nguyễn Hồng Thắng, deputy director of R&D at DKRA Group, said.

China has remained Vietnam’s biggest trade partner, while Vietnam has continued to be the sixth largest trade partner of the neighbouring country, and the biggest in the Association of Southeast Asian nations (ASEAN) despites impacts of the COVID-19 pandemic and geopolitical upheavals in the world.

The consumer price index (CPI) posted year-on-year growth of 2.89% in the first 10 months of 2022 while core inflation rose 2.14%, the General Statistics Office (GSO) revealed on October 29.