Vietnam’s trade surplus hit 8.01 billion USD during January – May, with 156.77 billion USD in export revenue and 148.76 billion USD in imports, up 15.2% and 18.2% year-on-year, respectively, the General Statistics Office announced on May 29.

The State Bank of Vietnam (SBV) will directly sell gold to state-owned commercial banks starting June 3 and the banks will sell gold to the public, Deputy Governor Pham Quang Dung said in a recent meeting with the media.

The General Statistics Office (GSO) announced on May 29 that the May consumer price index (CPI) inched up by 0.05% on-month, with this mostly being due to increases occurring in the prices of pork meat and electricity.

The Ministry of Agriculture and Rural Development said that Vietnam’s coffee output in the 2023–2024 crop year is estimated to decrease by 20% compared to the previous crop year, to 1.47 million tonnes, the lowest in four years.

The Ministry of Industry and Trade has approved the electricity price framework for liquefied natural gas (LNG) power plants for 2024, setting the maximum price at VND2,590.85 per kilowatt-hour (kWh), excluding value-added tax (VAT).

According to SBV’s data, as of May 24, it sold a total of 48,500 taels of SJC gold with the winning bid price of VNĐ81.3-89.4 million per tael. It meant the estimated amount of money the SBV earned from the gold sales was about VNĐ4.2 trillion.

Vietnamese authorities will crack down on tax evasion by implementing strict measures to ensure that individuals and businesses fulfill their tax payment obligations.

The nation is the world's fourth-largest consumer of instant noodles, purchasing roughly 8.1 billion packets throughout 2023, according to the latest report outlined by the World Instant Noodles Association (WINA).

Many commercial banks have been unable to pass the test for a user protection scheme. More than 21 percent of banking apps lack protection schemes, or have schemes that can be easily overcome by hackers.

The subsidiaries belonging to the Vietnam National Cement Corporation (Vicem) have reported a loss of VND300 billion and profit of minus VND144 billion. The Vietnam Cement Association (VCA) has warned that some companies may go bankrupt.

The government will continue to expand the fiscal policy in a bid to assist those struggling and to achieve the desired economic growth target for the year.

These violations have had negative impacts on livestock growth and disease control in local animal husbandry.

Chinese companies face great challenges selling their cars in Vietnam.

Southern localities have made numerous strategies toward stable and sustainable marine economic development making the most of their advantages in aquaculture, tourism, seaport and oil and gas mining.

The State Bank of Vietnam (SBV) has halted its gold bullion auctions and will introduce a new strategy to stabilise gold prices as early as June 3.

The event is seen as an important milestone for trade and tourism to boost the capacity of efficiency of customs clearance.

Vietnamese enterprises pumped more than 136 million USD of total investment into new projects and to supplement capital in ventures abroad in the first five months, equivalent to 43% of the figure seen in the same period last year.

Digital platforms have played a key role in helping Vietnamese firms take their high-quality products to the world, insiders have said.

A total of 98,825 enterprises were established or resumed operations in the first five months of 2024, up 4.1% over the same period of last year and 1.2 times higher than the average in the 2019-2023 period.

The Vietnam Pepper and Spice Association has expected pepper prices to continue rising every week.