The 21st World Congress of the International Union of Food Science & Technology (IUFoST) is being held in Singapore from October 31 – November 3, attracting over 1,200 delegates from 60 countries, including Vietnam.

Contemporary Amperex Technology Co. Ltd. (CATL) and Vietnamese automaker VinFast on October 31 signed a Memorandum of Understanding on global strategic cooperation to expand collaboration in developing electric vehicles.

Effective policies applied by the Vietnamese Government have contributed to the country's positive good economic results so far this year, according to IMF communications official Pemba Tshering Sherpa.

Credit ratings agency Fitch Ratings has affirmed Vietnam's long-term foreign-currency issuer default rating at 'BB' with a positive outlook.

It is critical for State-owned enterprises (SOEs) to strengthen innovations as Vietnam has set the target of having at least 25 SOEs with a market capitalisation of 1 billion USD and more.

HDBank has launched the HDBank Petrolimex 4-in-1 super card which integrates four utilities - credit card, debit card, prepaid card, and Petrolimex ID (Petrolimex loyalty accounts) - to offer customers more flexibility in spending.

Domestic airlines have planned to increase the number of seats to 6.7 million from 5.1 million to meet the travel demand ahead of and during the upcoming Lunar New Year (Tet), according to the Civil Aviation Authority of Vietnam (CAAV).

Vietnam’s index of industrial production (IIP) went up 9% in the first 10 months of this year, the Ministry of Planning and Investment (MPI) reported.

The Embassy of Italy to Việt Nam last week celebrated the one year anniversary of Italy’s nation-branding communication campaign promoting “Made in Italy” named beIT in 26 countries worldwide, including Việt Nam.

Vietnam’s fruit export turnover is expected to top 5 billion USD by 2025 and about 6.5 billion USD by 2030.

Vietnam’s outbound investment, including both newly-registered and adjusted capital, exceeded 450 million USD in the first 10 months of this year, equivalent to nearly 70% of the figure recorded in the same period last year.

Organised by INTECH Group, the two-day event will be a place for suppliers of products and services to display and demonstrate useful products and solutions for customers.

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,695 VND/USD on October 31, up 2 VND from the last working day of previous week (October 28).

Though the State Bank of Việt Nam (SBV) has hiked interest rates twice in a month, experts agreed the SBV has no other choice but to take strong measures to curb upward pressure on the USD/VNĐ exchange rate and inflation.

The recent Government’s report submitted to the National Assembly revealed that the operation efficiency of SOEs was below expectation while the investment efficiency of SOEs was not as high as expected when the projects were approved.

Concerned businesses and associations have repeatedly suggested that the collection of seaport infrastructure fees for goods transported by inland waterways was unreasonable and not to the right subjects.

On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index closed the week at 1027.4 points.

Vietnam attended the International Tourism and Travel Show that took place in Montreal, Canada, from October 28-30 after two years of absence due to impact of the COVID-19 pandemic.

The Ministry of Industry and Trade (MoIT) will continue to design more plans to effectively implement the campaign of encouraging Vietnamese to prioritise Vietnamese products, while speeding up administrative reform to gain public confidence, according to Deputy Minister Do Thang Hai.

Increasing deposit interest rates is in line with the general trend, ensuring liquidity safety and capital mobilisation for the economy, Deputy Governor of the State Bank of Vietnam (SBV) Pham Thanh Ha has said.