Although gaining strong growth in export turnover in the first seven months of this year, Vietnam still faces many challenges to maintain the high growth in the export until this year end.

After seven years of operation, Starbucks Reserve, the most prime-location café of the American coffee giant in Ho Chi Minh City, has unexpectedly announced its closure. The high rental costs are believed to be the main reason.

Measures implemented by the State Bank of Vietnam (SBV) to fight off the dollarisation of the economy have produced positive effects in stabilising the exchange market, increasing foreign reserves, remittance flows and foreign investments.

VN raked in more than US$164 million from importing fruit and vegetables to the Republic of Korea (RoK) in the first half of the year, representing a year-on-year rise of 55% and making the RoK the second largest consumer of the products after China.

More flexible policies will help create incentives to attract investors and unlock the potential for expanding the social housing sector in Vietnam.

In the context of rising US investment in Vietnam, Apple supplier 3M has established a new science and technology center in Hanoi, aiming to support the country’s burgeoning electronics industry.

Vietnam is grappling with challenges in accelerating public spending as a result of the ongoing anti-corruption campaign, which has led to indecision and delays, experts warned.

A few weeks ago, a representative from a Chinese investment fund approached several economists in Hanoi, requesting presentations for Chinese investors on Vietnam's macroeconomic situation and its policies for attracting FDI.

Prime Minister Pham Minh Chinh has signed to issue an official dispatch asking for drastic efforts, the highest sense of responsibility and the engagement of the entire political system to speed up site clearance for national key transport projects.

Numerous textile and garment enterprises are intensifying efforts to green their production processes, aligning with environmental standards and regulations concerning product origin.

Starting August 1, 2024, three key laws - the 2024 Land Law, the amended Housing Law, and the amended Real Estate Business Law came into effect.

EQT Private Capital Asia has announced the acquisition of PropertyGuru, the parent company of Batdongsan.com.vn, for $1.1 billion, marking a significant move in the proptech industry.

Two-way trade turnover between Vietnam and China fetched US$112.2 billion in the past seven months, up 25% year on year.

Green logistics can help reduce transportation costs and increase efficiency in the supply chain by optimising delivery routes and reducing the number of empty or half-loaded trucks on the road.

Vietnam is on the cusp of an online export revolution, buoyed by supportive government policies and abundant production capacity, according to industry experts.

Vietnam is ramping up efforts to increase its livestock product exports, targeting a value of 1-1.5 billion USD by 2025.

The Vietnamese government has finalized a decision to halve registration fees for locally produced cars for the remainder of 2024.

Since the start of the year, a significant number of senior bank executives have tendered their resignations, citing personal reasons.

Taiwan (China) initiated an anti-dumping investigation into cement and clinker originating or imported from Việt Nam, with the alleged dumping margin against Việt Nam being 16.99 per cent.

China is increasing its investment into Vietnam to get the lion’s share of the dynamically developing economy.