Recent geopolitical conflicts in the Middle East region resulted in a current logistics cost increase of about 130 percent compared to the end of 2023. This pushed export businesses to enhance exports to nearer countries.

The State Bank of Vietnam (SBV) has announced the cancellation of its gold auction for 16,800 taels of SJC gold this morning, May 3, as just one bidder registered to join the auction.

Vietnam earned US$18.4 billion from exporting phones and components during the first four months of the year, up 6.6% year on year.

After two failures, the State Bank of Vietnam (SBV), experts say, has to lower bidding prices further to VND75 million per tael or give up the gold market, because it is very difficult to stabilize the gold market now.

The total capital invested in Vietnamese tech startups amounted to $529 million in 2023, marking a 17 per cent decrease from the previous year.

Rated corporate bond issuances in Vietnam still trail behind regional peers, though efforts to enhance credit rating culture aim to expand the market significantly.

The average hotel room occupancy rate was estimated at 60 percent during the five-day holiday for this year's Reunification Day (April 30) and Labor Day (May 1) from April 27- May 1, reaching over 70 percent on peak days.

The Vietnamese economy is expected to carry momentum in the months to come after experiencing improvements in foreign direct investment (FDI) attraction, industrial production, and retail sales, among others, in the first four months of this year.

Vietnam is expected to produce 43 million tonnes of rice this year, of which more than 8 million tonnes will be for export, according to the Ministry of Agriculture and Rural Development.

The State Bank of Vietnam will auction an additional 16,800 taels of SJC-branded gold bars to businesses at 9am on May 3, it said in a statement released on May 2.

Vietnam’s Manufacturing Purchasing Managers’ Index (PMI) rose back above the 50.0 no change mark in April, posting 50.3 from 49.9 in March.

Vietnam Airlines Corporation reported after-tax profit of 4.44 trillion VND (173.19 million USD) in the first quarter of 2024 as it is strengthening its international flights and restructuring.

Alibaba has initiated plans to build a data hub in Vietnam in order to store data locally in compliance with legal requirements, according to details given by Nikkei Asia.

The elevation of the stock market to "emerging" status can help Vietnam attract an additional 10 billion USD in both direct and indirect investment, KB Vietnam Securities JSC (KBSV) reported, citing the World Bank (WB).

The development of Hanoi's logistics sector has failed to meet its full potential despite the city's favourable geographic location as the heart of the northern key economic region.

Luxury brands are looking for high-quality retail space in District 1 - the downtown area of Ho Chi Minh City, according to Savills Vietnam.

One hectare of mangrove forest has a carbon absorption capability five times higher than one hectare of terrestrial forests. This is an important source of blue carbon credits, a high-end, very valuable product from nature.

Last week’s recovery is viewed as a technical rebound following a recent sharp and significant decline. As a result, a potential correction scenario for the VN-Index cannot be ruled out.

Since the national reunification on April 30, 1975, Vietnam has obtained admirable economic achievements and is now on its way to become the 20th largest economy in the world.

The average daily power consumption for the April 15 to 21 week hit over 881 million kWh, up 2.4 million kWh compared to the previous week.