Savings interest rates have set a new record low of only 1.9 per cent per year for a 1-2 month term.

Deputy Prime Minister Le Minh Khai on December 27 asked the Ministry of Finance (MoF) to effectively put in place issued policies and those expected to be adopted in order to untangle knots facing businesses.

Vietnam’s total trade with European and American markets is estimated to decrease by 9.5% year-on-year to around 208 billion USD in 2023, but the country still enjoys a trade surplus of 125 billion USD.

Vietnam remains committed and focused on enhancing the development of hydrogen energy production and hydrogen-source fuels in regions with potential and advantages in renewable energy, close to major consumer markets.

For the first time Vietnam has sold 10.3 million forestry carbon credits (10.3 million tonnes of carbon dioxide CO₂) this year, bringing in US$51.5 million, according to the Ministry of Agriculture and Rural Development (MARD).

Vietnamese businesses injected nearly US$421 million into investment projects overseas in 2023, equivalent to 78% of the figure recorded last year, according to the Ministry of Planning and Investment.

The Prime Minister has signed a telegram, asking for solutions to be introduced to rein in the gold market that has fluctuated sharply in recent times.

Deputy Minister of Agriculture and Rural Development Phung Duc Tien forecasts a potential 11% year-on-year surge in rice export volume in 2023, reaching over eight million tonnes for Vietnam.

Suffering from declined overseas shipments, export businesses in some industries now need more assistance from the Government to navigate difficulties and challenges, insiders have said.

Nearly 160,000 new enterprises have been established in Vietnam in 2023, up 7.2% year-on-year, according to the Ministry of Planning and Investment’s Business Registration Management Agency.

The total revenue to the State budget as of December 25 surpassed 1.69 quadrillion VND (nearly 69.5 billion USD), up 4.5% compared to the yearly estimate, heard a conference hosted by the Ministry of Finance in Hanoi on December 27.

Ho Chi Minh City has attracted more than 1 billion USD, both new and adjusted capital, to its industrial parks so far this year, surpassing its plan by 83.57%, the HCM City Export Processing and Industrial Zones Authority (HEPZA) said on December 27.

The Ministry of Finance (MoF) plans to implement several policies to support the business sector and people, and promote the country's economic growth in 2024, according to Minister Ho Duc Phoc.

The Ministry of Transport has recently issued a circular on seaport services fees, including cargo loading and unloading fees.

The domestic auto market in Vietnam is experiencing a decline in car sales after the promotion programs ended.

FTAs with new markets such as Israel and the UAE will create more opportunities to promote trade and investment, especially exports, of Vietnam in 2024

VietNamNet names the 10 most outstanding socio-economic events in 2023:

SJC bullion gold prices in the domestic market have been climbing to new highs. On December 22, prices surpassed VND76 million, and then the VND77 million per tael threshold.

Around a million farming households are incurring big losses as pig prices have dropped.

2023 is a successful year for tourism sector with a large number of visitors and enhanced reputation in the world arena, according to insiders.