Despite the hard work of small and medium-sized domestic packaging companies to stay in tune with market demands and apply the latest production technologies, they continue to face a host of challenges.

Falling orders caused by weak demand have left firms with no choice but to shed jobs and scale down production in the last months of the lunar year.

As soon as China reopened its border on January 8, business of Vietnam and China turned busy again after a nearly three-year disruption due to the COVID-19 pandemic.

The Regional Comprehensive Economic Partnership (RCEP), which came into effect a year ago, has brought about great business chances for enterprises in the region, according to experts.

Ho Chi Minh City has been allocated nearly 71 trillion VND (more than 3 billion USD) of public investment for 2023, including 15.293 billion from the central budget and 55.225 billion from the local budget.

Two-way trade between Vietnam and Australia enjoyed a record year-on-year growth of 26.91% to 15.7 billion USD in 2022, according to the Vietnam Trade Office in Australia.

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,603 VND/USD on January 17, up 2 VND from the previous day.

The AeroExpo Hanoi & Vietnam Aviation Forum 2023 will take place from March 21-23, according to the Hanoi Department of Industry and Trade.

National flag carrier Vietnam Airlines has announced that it will increase the number of flights for the fourth time to 108 with 20,000 seats in the January 16-30 period to meet skyrocketing demand during the Lunar New Year (Tet) Festival.

Vietnam’s aviation industry is forecast to have a busy year ahead as China reopens its borders which had been shut down since the start of the COVID-19 pandemic.

The export turnover of wood and wood products is expected to set a record high of 18 billion USD in 2023, with wood pellets and woodchips forecast to enter the one-billion USD club.

Travel firms are offering tours lasting for two or three days to satisfy the increasing demand during the upcoming Tet (Lunar New Year), the biggest holiday in Vietnam.

Insurance companies will have the chance to earn higher profits in 2023 thanks to a continual interest rate hike trend.

Thanks to the campaign to encourage Vietnamese people to prioritise Vietnamese products, which has been carried out for years, and the stable quality of the products, made-in-Vietnam commodities have drawn increasing attention of consumers.

The relatively low devaluation of the VND against the USD in comparison with that of other currencies in the region shows that the Vietnamese stock market remains an attractive destination for investment flows, as uncertainties persist in most of the global financial market, according to a weekly investment strategy report of the Vietcombank Securities Co., Ltd (VCBS).

Mikazuki Hotel Group of Japan held a groundbreaking ceremony on January 15 for an overpass connecting the Da Nang Mikazuki entertainment complex and the beach across Nguyen Tat Thanh street in the central city of Da Nang.

The Vietnamese retail sector has recovered to the pre-COVID-19 level, with 53.8% of total retailers reporting similar or better business outcomes, according to Vietnam Report JSC.

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,601 VND/USD on January 16, down 1 VND from the last working day of previous week (January 13).

Miss Linh, an e-commerce platform of Viet Nam Food Europe BV operating in the Dutch market, has presented Vietnamese eco-friendly products at Horecava 2023 in Amsterdam, the Netherlands.

The Vietnamese railway sector should identify major pillars to grow further in 2023, Deputy Minister of Transport Nguyen Danh Huy said at a recent conference held by Vietnam Railways (VNR).