More than 11.07 billion USD in foreign direct investment (FDI) was funneled into Vietnam during January-May, up 2% against the same time last year, according to the Ministry of Industry and Trade (MoIT)’s Foreign Investment Agency.

The Ministry of Industry and Trade has submitted the long-waited draft decree on direct purchase agreement (DPPA) to the Government for approval.

The State Bank of Vietnam, the central bank, is struggling to find partners for a bank restructuring plan that forces three problem banks to be transferred.

“Last year, we dreamed of having $1 billion worth of revenue from the game industry. This year, we need to join hands to turn the dream into reality,” said director of the Authority of Broadcasting and Electronic Information Le Quang Tu Do.

Vietnamese tra fish export has roared back to growth after a significant drop recorded earlier this year as countries have scaled up their imports, according to insiders.

According to recent statistics, local live hog prices rose about 30 per cent since the start of 2024.

Many exporters are boosting farm exports to China by rail, thanks to it being quick, cheaper and a more reliable form of transport.

Industry experts have predicted a potential increase in deposit interest rates by 0.5 to 1 percentage point in the second half of the year, placing the rate at over 6 per cent per year.

Although the number of stores did not increase much, revenues still grew by double digits, at 11.6 per cent, reaching VNĐ590 trillion (US$24.1 billion).

Vietnam has made efforts to build a strong domestic automobile industry with a view to becoming an exporter. However, the young industry faces many challenges, especially in implementing FTAs.

With around 20 million four- and five-star room nights available in Vietnamese hotels each year, developers should halt new projects in many coastal areas until such time that tourists fill them, according to property consultancy firm Knight Frank.

Foreign investors are buying into the Vietnamese resort and hotel realty market, lured by the prospect of a full market recovery, according to experts.

As of mid-May, Vietnam had spent US$725.6 million on importing vegetables and fruits, mainly from China and the United States, according to the General Department of Customs.

Vietnamese Deputy Prime Minister Le Minh Khai met representatives of several Japanese businesses on May 25 as part of his ongoing working trip to Japan to seek investment cooperation opportunities.

A senior official of the State Bank of Vietnam has silenced rumours that the central bank has adjusted the currency band, saying the recent exchange rate fluctuations in the market still fall within the already fixed 5% range.

There are many opportunities as well as challenges for the automobile industry when Vietnam is implementing international commitments under free trade agreements (FTAs), heard a seminar organised by Hai Quan (Customs) magazine in Hanoi on May 24.

Vietnam's industrial production has shown signs of recovery and positive growth despite ongoing challenges, the Ministry of Industry and Trade has assessed.

Many banks are planning to sell shares to foreign investors with the aim of attracting more diverse capital and enhancing competitiveness.

If Chinese cars sell at low prices, Vietnamese consumers dislike the products, but if the manufacturers sell at high prices, Vietnamese consumers prefer Japanese, European and South Korean brands.

Vietnam’s port system will be upgraded to handle between 1.25 and 1.5 billion tons of cargo annually by 2030, as part of a comprehensive plan to enhance key international gateway ports.