Current trends guarantee big growth in Vietnam - US trade, investment: USABC leader (31/05/2023)
The current trends in economic and trade cooperation between Vietnam and the US guarantee big growth in two-way trade and investment in next 10 years and warrant upgrading the partnership to a strategic level, said Ted Osius, President and CEO of the US - ASEAN Business Council (USABC).

Market extends gain on positive sentiment (31/05/2023)
The Vietnamese stock market inched higher on Tuesday, extending its rally for the second day in a row. However, gains were capped by strong net selling activities by foreign investors.

Singapore biggest foreign investor in HCM City (31/05/2023)
Singapore was the biggest foreign investor in HCM City in terms of newly-registered projects and capital contribution for share purchases in the last five months, with 72 new projects worth $121.5 million.

US extends duties investigation into plywood from Vietnam (31/05/2023)
The US Department of Commerce (DoC) has announced that it will extend the deadline for issuing its final conclusion on an anti-dumping tax evasion investigation into plywood imported from Vietnam, according to the Ministry of Industry and Trade’s Trade Remedies Authority.

Rice exports surge 40.8% in volume over five months (31/05/2023)
Vietnam earned US$2.02 billion from shipping 3.9 million tonnes of rice abroad in the first five months of the year, marking year-on-year increases of 49% in value and 40.8% in volume, respectively.

Vietnamese firms participate in biggest food exhibition in RoK (31/05/2023)
More than 30 Vietnamese businesses are showcasing their products at a food exhibition in the Republic of Korea (RoK), which opened on May 30.

Improving FDI quality, quantity crucial for Vietnam: Insiders (30/05/2023)
Amid the slowing down of the global investment flows, experts held that improving both quality and number of foreign investment projects is a heavy task for Vietnam, requiring great efforts from the Vietnamese Government to fulfil the “dual targets”.

Việt Nam jumps 12 spots in business environment rankings (30/05/2023)
Việt Nam jumped 12 places in the Economist Intelligence Unit (EIU)’s latest business environment rankings which measure the attractiveness of doing business in 82 countries with 91 crucial indicators.

Vietnam’s industrial production rebounds but challenges remain (30/05/2023)
The index of industrial production (IIP) returned to growth in May after consecutive declines over the previous two months, but enterprises remained in difficulty due to rising input costs.

Vietnam FDI surges 28% in 5 months (30/05/2023)
Newly registered foreign direct investment (FDI) surged nearly 28% year-on-year to $5.3 billion in the first five months.

Slow recovery puts dent in export figures (30/05/2023)
Feeble global demands for consumption are expected to continue, making it hard for Vietnam to boost exports this year.

Vietnam posts trade surplus of 9.8 billion USD in five months (30/05/2023)
Vietnam’s import-export value in the first five months of this year was estimated at 262.54 billion USD, down 14.7% year-on-year, with a trade surplus of 9.8 billion USD, the General Statistics Office (GSO) announced on May 29.

Agro-forestry-aquatic product exports drop 11% in five months (30/05/2023)
Agro-forestry-aquatic product exports were estimated at 20.26 billion USD in the first five months of 2023, down 11.1% year on year, according to the Ministry of Agriculture and Rural Development (MARD).

Việt Nam is South Korea’s 4th largest rubber supplier (30/05/2023)
Vietnamese rubber exports to South Korea in the first four months of 2023 totalled 12,470 tonnes, valued at US$18.92 million, up 5.6 per cent in volume but down 15 per cent in value year-on-year, according to statistics from the General Department of Customs.

Vietnam’s vegetable, fruit exports likely to hit 4 billion USD this year (29/05/2023)
As one of the few sectors reporting export turnover increase in the first quarter of 2023, Vietnam’s vegetable and fruit sector has a bright outlook to earn 4 billion USD in export revenue this year.

Vietnamese durian gets more farming area codes for export to China (29/05/2023)
China has approved another 47 farming area codes and 18 packaging facility codes for importing durian from Việt Nam, according to Ministry of Agriculture and Rural Development.

Ample room remains for Vietnamese exports to Africa (29/05/2023)
There remains an ample room for Vietnamese exports to Africa, as the country accounts for only 0.6% of the continent’s total import of 600 billion USD per year, according to the Ministry of Industry and Trade, given opportunities brought about by the African Continental Free Trade Area (AfCFTA) agreement.

PM urges VAT refunds for businesses (29/05/2023)
Prime Minister Pham Minh Chinh has ordered the Ministry of Finance (MOF) to streamline value added tax refund procedures to aid enterprises and residents.

Việt Nam’s five-month FDI reached nearly US$10.86 billion (29/05/2023)
Foreign investments were poured into 50 out of the 63 cities and provinces, of which Hà Nội received the most, with about $1.87 billion, accounting for about 17.2 per cent of the sum.

Boeing says will invest in aviation equipment supply chain in Vietnam (29/05/2023)
U.S. plane maker Boeing will boost its investment in the aircraft part supply chain in Vietnam, Steve Biegun, senior vice president of global public policy at The Boeing Company, told Vietnamese Minister of Industry and Trade Nguyen Hong Dien on the sidelines of the 2023 Asia-Pacific Economic Cooperation (APEC) Ministers Responsible for Trade Meeting in the United States, which wrapped up on Friday.