The northern region is facing a high risk of serious electricity shortage this summer due to rising demands and low output of hydropower plants as a result of unfavourable weather conditions, according to the Vietnam Electricity (EVN).

Vietnam's increased demand for infrastructure development in the coming years requires governmental policies that encourage the private sector's participation, said economists and policymakers.

The State Bank of Vietnam set the daily reference exchange rate at 23,618 VND/USD on May 8, down 4 VND from the last working day of previous week (May 5).

The State Bank of Vietnam (SBV) has recently issued two circulars to support businesses and the real estate market in particular.

Authorities of the north-central province of Thanh Hoa held a connectivity conference with Japan on May 6 to look toward sustainable development and green growth.

More than 110.6 trillion VND (4.7 billion USD) of public investment was disbursed in the first four months of this year, equivalent to 14.6% of the yearly target and lower than the 18.48% in the same period last year, according to the Ministry of Finance.

The total State budget revenue in the first four months of this year reached 645.4 trillion VND (over 27.52 billion USD), accounting for 39.8% of the estimate and 95% of the same period last year, the Ministry of Finance announced on May 5.

As of May 5, 2023, the Vietnam Sanitary and Phytosanitary Notification Authority and Enquiry Point (SPS Vietnam) had not received any notice from the General Administration of Customs of China (GACC) regarding the “Certificate of GACC registration” form with a QR code and a link to www.aqsiq.net.

According to the Vietnam Association of Realtors (VARS), the segment of social and affordable housing will grow because urban development is still attracting the attention of investors.

The National Standardisation Strategy for 2030 has set a target of raising Vietnam’s harmonisation ratio with international, regional and foreign standards to at least 65% by 2025 and 75% by 2030.

The capital city of Hanoi attracted over 1.7 billion USD of foreign direct investment (FDI) in the first four months of this year with 103 new projects worth 35.2 million USD and 50 projects permitted to increase investment capital by 91.8 million USD.

Vietravel Airlines, a member of Vietravel Corporation, on May 5 inked an aircraft lease agreement with Cambodia Airways, a step forward in expanding its fleet as planned for the third quarter of this year.

Ri6 durian, a specialty from the Mekong Delta of Vietnam, is now available in the UK market for the first time, announced the Vietnam Trade Office in the UK.

Vietnam’s aquatic product exports in April plummeted 28% year-on-year to 810 million USD, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

The Vietnamese Embassy in Italy is showcasing Vietnam’s fruits, vegetables and spices at the 40th Macfrut international trade fair in Rimini city in the Emilia Romagna region from May 3-5, within the framework of the Vietnam-Italy Year 2023 to celebrate the 50th anniversary of bilateral diplomatic ties and the 10th anniversary of strategic partnership.

The less-optimistic movements of the stock market have negatively impacted the business results of securities firms in the first quarter of the year.

The 27th VietFood, Beverage and Professional Packing Machines (VietFood & Beverage – ProPack) International Exhibition will take place in Ho Chi Minh City from August 10-12 at the Saigon Exhibition and Convention Centre (SECC).

Vietnam and Luxembourg boast high potential to collaborate in many areas, especially finance, logistics and sustainable development in adaptation to climate change, heard the Vietnam-Luxembourg Business Forum held in Ho Chi Minh City on May 5.

The Ministry of Information and Communications (MIC) will conduct a comprehensive inspection over TikTok's activities in Vietnam from May 5, given its continuous and regular violations, the ministry announced on May 5.

Fishery products shipped overseas earned 2.63 billion USD for Vietnam between January and April, down 27.7% year-on-year, according to the Ministry of Agriculture and Rural Development.