Vietnam’s strong economic performance in 2022 has been driven by several factors, including export, domestic demand and private investment, according to Andrea Coppola, the World Bank (WB)’s lead economist.

Prime Minister Phạm Minh Chính called for more efforts to intensify international solidarity, uphold multilateralisation, and cooperate more closely and effectively among countries, while attending the 10th ASEAN-EU Business Summit in Brussels on December 13 afternoon (local time).

First Vietnamese electric vehicle (EV) manufacturer VinFast announced on December 13 that it handed over 594 EVs of VF e34 and VF 8 models to its customers in November.

VNDirect expects that the gross profit margin of steel companies will soon recover when most of the high-priced inventory has been recorded in the cost of goods sold in the third quarter.

Vietnam has set a target to double the amount of foreign investment in agriculture to 34 billion USD by the end of 2030. However, there were a number of shortcomings and limitations the country must urgently address to realise the goal, according to policymakers and industry experts.

Prime Minister Pham Minh Chinh called for more efforts to intensify international solidarity, uphold multilateralisation, and cooperate more closely and effectively among countries, while attending the 10th ASEAN-EU Business Summit in Brussels on December 13 afternoon (local time).

Việt Nam has set a target to double the amount of foreign investment in agriculture to US$34 billion by the end of 2030. However, there were a number of shortcomings and limitations the country must urgently address to realise a goal, according to policymakers and industry experts.

With appropriate strategies, open policies, promoted administrative reform, and upgraded transport infrastructure, Long An province is considered a bright spot in attracting investment in industrial development in the Southern Key Economic Zone and the Mekong Delta region.

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,654 VND/USD on December 14, down 1 VND from the previous day.

According to experts, the move is a positive signal reflecting the preparation of banks for unpredictable fluctuations.

The southern province of Bà Rịa – Vũng Tàu is set to achieve positive economic growth in 2022 despite the COVID-19 pandemic and global economic complications, partly thanks to its efforts to improve its business climate.

Shares gained on Tuesday as strong buying forces brought an upswing on blue chips, lifting indices.

Many Asian countries including Việt Nam have benefited from the China+ approach, which has seen companies looking to improve supply chain resilience by diversifying their production bases beyond China, according to the Cushman & Wakefield’s 2022 Manufacturing Risk Index.

Enterprises from the Republic of Korea (RoK) have shared their view that the northern port city of Hai Phong is an ideal destination for production and business.

Prime Minister Pham Minh Chinh has requested the Minister of Finance to submit measures ensuring the healthy, transparent, safe and effective operations of corporate bond market to him before December 20.

Despite many difficulties, import and export activities continued to be a bright spot in economic recovery of Ho Chi Minh City in particular and Vietnam in general, according to experts.

Việt Nam and Laos need to further enhance co-operation to capitalise on each other’s strengths and enable their investment and trade ties to be commensurate with their relations, a bilateral trade forum heard in HCM City on December 13.

Lao Deputy Prime Minister Sonexay Siphandone on December 13 said that the Lao Government will further support Vietnamese investors and expects more investing in Laos to increase the effectiveness of the two country’s economic cooperation.

Vietnamese coffee industry has made steady headway in the international competitiveness rankings with a processing capacity of 2.36 million tonnes per year, according to Deputy Minister of Agriculture and Rural Development Phung Duc Tien.

Diễn pomelo plantations cover about 2,300ha, accounting for 45 per cent of the total area in the province. Yên Thủy District alone is home to more than 800ha.