Vietnam’s rice sector is expected to hit big from exports this year, heard a conference held by the Ministry of Industry and Trade (MoIT) in Ho Chi Minh City on February 21.

The Piaggio Vietnam Co. Ltd has raised its investment in the northern province of Vinh Phuc by 75 million USD to 165 million USD to expand operations.

Automechanika 2023, a regional trade fair for the automotive service industry, will take place at Saigon Exhibition & Convention Centre (SECC) in Ho Chi Minh City from June 23 to 25.

The southern province of Dong Nai will complete the handover of cleared ground for the first-stage construction of Long Thanh international airport within the first quarter of this year, the provincial People’s Committee said on February 21.

The retail prices of petrol have been revised down from 3pm on February 21 by the Ministry of Industry and Trade, and the Ministry of Finance, although previous forecasts predicted that they are likely to increase.

Many banks have just launched credit packages with preferential lending interest rates that decreased by between 0.5-3% per year for customers in the fields of business and production, including real estate.

The circular economy has begun to gain traction in Việt Nam for its potential to optimise resource use, stabilise supply, and offer competitive advantage opportunities for businesses.

The Vietnam International Trade Fair for Construction, Mining & Transport - Machinery, Equipment, Technology, Vehicle & Material (Contech Vietnam 2023) will take place in Hanoi from April 21-24, the organisers announced on February 21.

The race to lure demand deposits, or current account savings account (CASA), among banks seems to be decelerating as it is more difficult for them to attract the cheap capital source in the context of high interest rates on term savings.

Prime Minister Pham Minh Chinh on February 21 chaired a national teleconference on the acceleration of public investment allocation and disbursement in 2023 as well as the socio-economic recovery and development programme.

The south central province of Binh Thuan aims to build brands for local products associated with the protection of geographical indications in order to increase value and affirm the brands of speciality products.

The Mekong Delta province of Ben Tre plans to invest 13 trillion VND (547.25 million) in building a 53-km coastal road this year.

The export of dragon fruit, banana and durian is expected to contribute 2 billion USD to the country’s export turnover in 2023.

The southern coastal province of Ba Ria-Vung Tau is aiming to become a gateway to the sea of the Southeastern region and the country, a national marine economic centre, a maritime service centre of Southeast Asia, and an international-class high-quality tourism centre by 2030.

As several foreign investors are eyeing Vietnam for opportunities, the country must make greater efforts to improve the investment climate.

Vietnamese longan is much welcomed in Japan although its retail prices are high, which brings a big opportunity for local farmers.

With more Vietnamese commuters choosing to cycle, the prospects for the bicycle market look promising with great opportunities for retailers.

The State Bank of Vietnam set the daily reference exchange rate at 23,643 VND/USD on February 21, down 3 VND from the previous day.

There is great potential for cooperation between Vietnam and the Czech Republic, Minister of Trade and Industry Nguyen Hong Dien said on February 20 when receiving his Czech counterpart Jozef Sileka.

Vietsovpetro should pay more attention to renewable energy, especially wind power which is Russia’s strength, First Deputy Speaker of the Federation Council of Federal Assembly of Russia (upper house) Andrey Yatskin said on February 20.