Vietnam is creating favourable conditions for the birth of Asia’s next tech start-up unicorns, according to the Asian Development Bank (ADB) July 2022 report entitled “Vietnam’s Ecosystem for Technology Startups”.

VTB Bank, a Russian majority state-owned bank servicing the country’s foreign trade operations, launched money transfers to Vietnam in Vietnamese dong from July 27.

Vietnam is forecast to be among the fastest-growing economies towards 2030, according to researchers at the Growth Lab at Harvard University who presented new growth projections in The Atlas of Economic Complexity.

Twelve Vietnamese businesses are participating in Biofach/Vivaness 2022 – the leading trade fair for organic food, which is taking place from July 26 to 29 in the southern German state of Bavaria.

Prime Minister Pham Minh Chinh chaired a meeting attended by ministries and sectors on July 28 to discuss short- and long-term measures for keeping inflation under control, stabilising the macro-economy, and promoting socio-economic recovery and development.

Vietnam must move forward unless it wants to be saddled with the status of the “world’s factory”, heard a conference in Ho Chi Minh City on July 28.

The Ministry of Finance reported that estimated payment is VNĐ186.8 trillion from the beginning of the year to July 31, reaching 34.47 per cent of the plan assigned by the Prime Minister.

The National Oil and Gas Group (PetroVietnam) has announced the decisions to appoint Nguyen Van Mau, its Deputy General Director, and Tran Binh Minh, head of the PetroVietnam Office, as two new members of its Board of Members.

Many investors from the Republic of Korea (RoK) hold that Vietnam is an attractive destination, but it still needs clearer policies to attract a new investment wave from the Northeast Asian country, reported Dau tu (Vietnam Investment Review).

Remittances to Ho Chi Minh City totalled 3.16 billion USD in the first half of 2022, down 13% from the same period last year, according to the State Bank of Vietnam (SBV) branch in the southern city.

More than 270 exhibitors from 17 countries and territories are taking part in an international exhibition of textile and garments and fabric and garment accessories (SaigonTex & SaigonFabric) that opened on Wednesday at the Saigon Exhibition and Convention Centre in HCM City.

FDI disbursement in Vietnam reached 11.57 billion USD in the first seven months of this year, up 10.2% compared to the same period last year and over 1.3 percentage point against the first half of this year.

Booths introducing Vietnamese products at the International Food and Beverage Exhibition in Kansai region (Foodex Japan in Kansai 2022), Japan, have attracted the attention of a large number of Japanese consumers and enterprises.

Nguyễn Văn Hội, Director of the Institute of Industrial Strategy and Policy Research, Ministry of Industry and Trade, spoke to Vietnam News Agency about the border trade activities after the pandemic was controlled.

The People’s Committee of Ninh Thuan Province plans to improve its Provincial Competitiveness Index (PCI) in 2022.

Despite improvement seen in the first quarter of the year, the pace of international travel recovery remains slow since mid-March when Vietnam reopened its borders to international tourism, according to the Vietnam Tourism Association.

A group of large Thai firms are to make a visit to Việt Nam to seek investment opportunities, General Director of Thailand’s Asia Plus Group Holdings PCL Kongkiat Opaswongkarn said on July 26.

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,201 VND/USD on July 28, up 9 VND from the previous day.

The People’s Committee of Ninh Thuận Province plans to improve its Provincial Competitiveness Index (PCI) in 2022.

An appropriate master plan on the use of the country's land would lay the foundations for Việt Nam to achieve high economic growth and become a modern industrialised country by 2030 and a developed country by 2050.