Business

Vietnam will seize the opportunity in the international marketplace to elevate rice exports at a premium price, while still preserving food security.

The US Agency for International Development (USAID), Vietnam’s Office of the Government (OOG), and the Ministry of Planning and Investment (MPI) on Friday celebrated their joint achievements in improving the business environment and enhancing the competitiveness of Vietnamese small

Besides reducing business conditions, a number of ministries and sectors have continued to issue and enforce new business conditions with stricter requirements that cause difficulties for enterprises, an official has said.

State budget collection in the first seven months of this year stood at 211.23 trillion VND, equivalent to 49.7% of the estimate, down 19.6% year-on-year, the General Department of Vietnam Customs reported on August 3.

Despite signs of transaction stagnation, apartment prices in several areas of some big cities like Hanoi and Ho Chi Minh City still increased during the second quarter of 2023, said the Ministry of Construction.

Prime Minister Pham Minh Chinh highlighted joint efforts by ministries, agencies, businesses and people in handling pending issues related to the real estate market while chairing an online conference on August 3.

International organisations and media have continued to make positive assessment of Vietnam’s economic recovery and outlook in the second half of 2023.

Enterprises should look for niche markets to better cope with declines in exports in major markets, said the Ministry of Industry and Trade.

Rice export curbs by some countries like India, Russia and the United Arab Emirates will offer opportunities to both Vietnamese exporters and farmers.

Vietnam's manufacturing industry remained in contraction territory in July but showed some signs of stabilisation as softer declines were seen in output, new orders and employment while business confidence picked up, according to S&P Global.

The ministries of Industry and Trade, and Finance have sharply raised retail petrol prices from Tuesday afternoon.

Vietnam recorded a trade surplus of about US$15.23 billion in the first seven months of this year, an increase of 1.34 per cent over the same period last year, according to data released by the General Statistics Office of Vietnam.

The capital city of Hanoi attracted nearly 2.3 billion USD of foreign direct investment in the first seven months of this year, with 233 new projects worth 97.5 million USD.

Total retail sales of consumer goods and services have increased 10.4% year on year to almost 3.53 quadrillion VND in the first seven months of 2023, reported the General Statistics Office.

Royal International Corporation, the owner of Vietnam’s biggest casino in the northern province of Quang Ninh, has again reported losses of VND24.20 billion (USD1.02 million) for the second quarter this year.

Vietnam’s luxury coastal real estate market is facing significant challenges due to excess inventory and liquidity issues, industry insiders said.

The Federation of Thai Industry (FTI) has reduced its car production target for 2023 to 1.9 million units from 1.95 million units set at the beginning of the year, due to a drop in domestic vehicle sales and an

Air tickets for flights scheduled to depart for the September 2 National Day Holiday have sharply increased.

Vietnam attracted nearly US$16.24 billion in foreign direct investment during the past seven months of the year, as reported by the Foreign Investment Agency under the Ministry of Planning and Investment.