Vietnam and the US discussed in detail clean energy technologies such as hydrogen and nuclear energy as well as plans to accelerate the energy transition to achieve net zero emissions targets by 2050, during their fourth energy security dialogue in Washington DC on July 27-28.

Weak demand for domestic sugar and the penetration of smuggled sugar have been dragging down sugar prices in Việt Nam, driving many producers into unprofitability.

Asia and the Pacific’s next tech startup “unicorn” may spring from Việt Nam, as the groundwork to build a strong ecosystem capable of supporting these businesses is well under way, according to a new report by the Asian Development Bank (ADB).

Disbursement of foreign direct investment (FDI) to Việt Nam hit US$11.57 billion in the first seven months, up 10.2 per cent year-on-year, the Foreign Investment Agency (FIA)'s latest report showed. 

Chairing a Government meeting after the US Federal Reserve (Fed) raised interest rates, Prime Minister Phạm Minh Chính stressed the need for macroeconomic stability, controlling inflation, and boosting economic recovery.

As cashew exports in the first half of 2022 fell by 9.2% against the same period last year, the Vietnam Cashew Association (VCA) has to adjust down its annual export target to 3.2 billion USD.

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,176 VND/USD on July 29, down 25 VND from the previous day.

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.

The Law on Public-Private Partnership (PPP) has been up and running for over one year and a half, but it makes no difference to domestic investment so far, according to experts.

As cashew exports in the first half of 2022 fell by 9.2 per cent against the same period last year, the Vietnam Cashew Association (VCA) has to adjust down its annual export target by US$600 million.

MoF said that investors need to be aware of and accept the risks when buying bonds in case the enterprise cannot guarantee its obligation to pay the bond principal and interest.

Shares extended gains on Thursday thanks to a handful of banking stocks, helping VN-Index surpass 1200-point landmark.

Deputy Prime Minister Le Minh Khai has ordered the acceleration of the disbursement of financial packages serving the socio-economic recovery programme, particularly rent subsidy for workers as well as support in terms of interest rate for firms and cooperatives.

The digital transformation day of the banking sector will be held on August 3, the State Bank of Vietnam (SBV) announced at a press conference in Hanoi on July 28.

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.