Vietnam and India hold great potential for cooperation in establishing supply chains following COVID-19, which has seriously affected both economies over the past two years due to disruptions in regional and global supply chains, according to Indian analysts.

Vietnam’s economy is expected to grow by 7.2% in 2022, on the back of a strong rebound in domestic demand and continued solid performance by export-oriented manufacturing, according to the World Bank East Asia and Pacific Economic Update, October 2022.

Vietnam was praised as a hub for Indian investors to expand their business into other parts of Asia during the 2022 Horasis India Meeting, the foremost annual meeting of India business leaders and their global counterparts that convened on September 26 in the southern province of Binh Duong.

The Vietnam Oil and Gas Group (Petrovietnam) has full capacity and advantages in offshore wind power development and in renewable energy projects in the future, held participants at a recent symposium on offshore wind power and hydrogen production from this energy source.

The Petrovietnam Gas Joint Stock Corporation (PV GAS) posted a pre-tax profit of 14 trillion VND (nearly 590 million USD) in the first three quarters of 2022, up 61.8% year-on-year.

The Civil Aviation Authority of Vietnam (CAAV) has registered 248 aircraft under Vietnamese nationality so far this year, up six from the same period last year.

Samsung will supply 5G RAN solutions for Comcast’s efforts to deliver 5G access to consumer and business customers in the US using Citizens Broadband Radio Service (CBRS) and 600MHz spectrum.

Seven enterprises were assigned tariff quotas with a total volume of 109,000 tonnes at a recent sugar import auction organised by the Ministry of Industry and Trade (MoIT).

Hung Yen is willing to give maximum support to foreign businesses, including those from Taiwan (China), stated Chairman of the provincial People’s Committee Tran Quoc Van while working with a delegation of Taiwanese electronics firms in the locality on September 26.

Economists have forecast Vietnam’s inflation will be kept at around 3.3-3.8% this year, similar to the National Assembly-set target of below 4%, adding that the pressure for 2023, however, remains huge and requiré appropriate response solutions.

Algeria is committed to developing economic cooperation and trade with Vietnam by establishing a strategic partnership mechanism capable of fully exploiting the economic potential of the two countries on the ground of mutual benefit, acting director general of the National Agency for the Promotion of Foreign Trade (ALGEX) Abdelatif El Houari has said.

European firms have shown their optimism about the Vietnamese economy, which is recovering strongly after the COVID-19 pandemic, Vice Chairman of the European Chamber of Commerce in Vietnam (EuroCham) Nguyen Hai Minh has said.

Total public disbursement topped VNĐ253 trillion by late September, up 16 per cent year-on-year. Of which, central government's disbursement hit roughly VNĐ90 trillion, about 37.8 per cent of the target set by the PM.

The market benchmark VN-Index fell more than 2 per cent to the lowest since July 13.

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,346 VND/USD on September 27, up 12 VND from the previous day.

The Ministry of Industry and Trade (MoIT) is drafting a Prime Minister's Decision on the mechanism for adjusting the average retail electricity price.

Hà Nội has started a programme to raise awareness of the benefits of digitalisation among the capital city's small-to-medium-sized (SMEs) businesses.

The Ministry of Industry and Trade held a session to allocate import tariff quotas for sugar products by auction method last Friday.

VinFast, Vietnam’s first global EV maker, and Renesas Electronics Corporation, Japan’s premier supplier of advanced semiconductor solutions, announced on September 26 that they are expanding their collaboration agreement to include automotive technology development of electric vehicles (EVs) and delivery of system components.

Enterprises in the textile, garment and footwear industries are facing a decrease in orders through the rest of this year and possibly into the next year.