Vietnam’s real estate sector last year attracted an additional 1.85 billion USD in foreign direct investment (FDI), retaining its second place among industries drawing FDI with combined investment of 4.45 billion USD, accounting for 16.1% of the total FDI poured into the country, according to the Ministry of Construction.

Vietnam must start monitoring and issuing carbon certificates to exporters and retailers in response to the EU's recently passed carbon levy, said industry insiders and policymakers.

Minister of State Greg Hands of the UK Department for International Trade arrived in Hanoi on February 1 for high-level trade talks on how the UK joining of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will boost the economic firepower of the world’s most dynamic trade bloc, according to the British Embassy.

Vietnamese businesses which want to export medicinal herbs to China must submit information about growing areas and packaging establishments to the provincial Departments of Agriculture and Rural Development.

The State Treasury has announced that it plans to raise 400 trillion VND (over 17 billion USD) worth of Government bonds via auctions on the Hanoi Stock Exchange (HNX) this year.

The race of interest rate hikes among commercial banks is showing signs of cooling down as many banks have adjusted down the rate by several percentage points per year after the Lunar New Year (Tet) holiday and have set stricter conditions for customers to enjoy the high rates.

The following is a brief review of the day’s events as reported by the Vietnam News Agency.

A national conference on the socio-economic development of the northcentral and central coastal region will be held on February 5, focusing on seeking measures to boost maritime economic growth for fast and sustainable development of the regions, Deputy Minister of Planning and Investment Tran Huy Dong said at a press briefing in Hanoi on February 1.

Vietnam is predicted to record a rise of 6.6% in industrial production in 2023, according to S&P Global Market Intelligence.

The Trade Promotion Agency under the Ministry of Industry and Trade (MoIT) will collaborate with relevant agencies in carrying out measures to help enterprises expand their shares in foreign markets, said Vu Ba Phu, head of the agency.

Vietnam is paying attention to mobilising resources to invest in developing green agriculture with an aim to raising the market share of its agricultural exports to the European Union.

With stronger tourism growth forecast for this year, the domestic market is expected to give the strongest boost to the recovery of this sector.

The link between enterprises and farmers has helped form large raw material areas of stable and long-term development, according to Deputy Minister of Agriculture and Rural Development Nguyen Quoc Tri.

Low-cost airline Vietjet is offering passengers lucky journeys on the red aircraft with attractive promotions on the occasion of the spring 2023.

Two-way trade between Vietnam and India saw a yearly increase of 13.6% to US$15.05 billion in 2022, statistics from the General Department of Customs showed.

The State Bank of Vietnam set the daily reference exchange rate at 23,610 VND/USD on February 1, up 1 VND from the previous day.

Tax revenue in January was estimated at 165.7 trillion VND (7.06 billion USD), or 12.1% of the ordinance estimate, up 4.4% year-on-year, the General Department of Taxation reported on January 31.

Vietnam lured 1.69 billion USD worth of foreign investment in the first month of 2023, down 19.8% year-on-year, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

There were 10,800 newly-registered enterprises with total registered capital of 99.1 trillion VND (4.22 million USD) in January 2023, representing respective decreases of 16.6% and 48.5% over the same period last year.

The Ho Chi Minh Stock Exchange (HOSE) began its first trading session following the Tet (Lunar New Year) holiday with a gong-beating ceremony on January 31.