Việt Nam pales in comparison with Japan and China in regard to the size of luxury market, but it has great potential to become a highly profitable market in the near future.

The country stock market is on track to follow the path of economies that were dubbed "Asian tigers" about 25-30 years ago, fueled by continuing strong rally trend.

Trung Nam Tra Vinh 1 Wind Power JSC, a member of Trungnam Group, has inaugurated the Dong Hai I Wind Power Plant in Dong Hai commune, Duyen Hai district, the Mekong Delta province of Tra Vinh.

Ecological agriculture, modern rural areas and smart farmers are expected to be the three key factors helping agriculture secure its role as a firm pillar of the economy in 2022 and following years.

The northern provinces of Lao Cai and Quang Ninh have decided to temporarily halt receiving vehicles of fresh fruits for export to China via some of their border gates and crossings, as congestion is still lingering there.

The HCM City Department of Industry and Trade is seeking to promote the consumption of agricultural products from Mekong Delta provinces, where they are piling up due to their inability to export.

The Civil Aviation Authority of Vietnam (CAAV) has been allowed to decide on the frequency of domestic flights to meet the travel demand during the upcoming Tet (Lunar New Year) holiday, under a document signed by Deputy Minister of Transport Le Anh Tuan.

The State Bank of Vietnam set the daily reference exchange rate for the US dollars at 23,085 VND/USD on January 17, up 3 VND from the last working day of previous week (January 14).

Việt Nam’s gross domestic product (GDP) in 2021 expanded by 2.58 per cent on the previous year, despite the adverse impact of the COVID-19 pandemic on all fields of the national economy, according to the General Statistics Office (GSO). 

Open-ended funds from VinaCapital Fund Management Joint Stock Company achieved among the highest returns in their respective categories last year.

Although many market insiders have said this move is not too surprising and could be predicted in advance, the action of “dropping the stake” still has caused a big market turmoil.

The HCM City Export Processing and Industrial Zones Authority said the city’s industrial parks and processing zones hope to attract investment worth US$500 million this year.

With stable and high demand for specialty rice from Asia, the European Union (EU) remains a highly potential market for rice exporters of Việt Nam, the Đầu Tư (Vietnam Investment Review) reported.

The Vietnamese market is forecast to enter a recovery phase this week after a strong correction last week but investors should remain cautious with the market’s risk factors and instability.

World Trade Organization (WTO) membership and the signing of 15 free trade agreements (FTAs) has been moving Việt Nam’s economy forward over the past 15 years.

The Vietnamese Embassy in Italy has organised a virtual New Year gathering with representatives from the Association of Vietnamese Entrepreneurs in Italy (ASSOEVI) to collect suggestions in a bid to strengthen the nations’ trade relations.

WinCommerce, a member of Masan Group, on January 15 held a ceremony to announce its change of the brand name of VinMart retail system into WinMart.

In December 2021, the market benchmark VN-Index could have surpassed 1,498 points if it were not affected by the holiday, Dragon Capital said in a recent report.

YSL Group, the South Korean investor of the Nam Bình Xuyên Green Park, will cooperate with Savills Vietnam to develop this industrial park.

WinCommerce, a member of Masan Group, on January 15 held an announcement ceremony to change the brand name of VinMart retail system into WinMart and opened its first WinMart supermarket integrating Phúc Long and Reddi mobile network in Vinh City.