Business

Foreign investment inflows into Vietnam will likely reach US$36-38 billion in 2023, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

Vietnam’s export of agro-forestry-aquatic products hit a record revenue of over 53.22 billion USD last year, up 9.3%, including nearly 11 billion USD from aquatic products.

VNDirect Securities Corporation expects Vietnamese foreign exchange reserves to recover to 3.3 months of imports and reach 102 billion USD by the end of this year, said in its updated macro report.

The trade turnover between Vietnam and the European Union reached 76.3 billion USD last year, a year-on-year increase of 5.1%, according to the European-American Market Department under the Ministry of Industry and Trade.

Indian news outlet stattimes.com recently published an article saying Vietnam is likely to become a burgeoning industrial hub, especially for tech and apparel, as well as its beautiful beaches and delicious cuisine.

Shops on the central city of Danang’s “Chinese Street” are preparing to reopen to serve Chinese visitors.

US magazine Travel+Leisure has listed Phu Quoc Island among the 23 best destinations to visit in 2023.

The Central Highlands province of Dak Lak – Vietnam’s largest coffee-producing region - is striving to make its capital of Buon Ma Thuot a coffee city of the world with distinctive identities.

WorldSteel Group has just opened its second office building in Long An Province, marking a strong turning point in the development journey of the company.

Despite the hard work of small and medium-sized domestic packaging companies to stay in tune with market demands and apply the latest production technologies, they continue to face a host of challenges.

The Regional Comprehensive Economic Partnership (RCEP), which came into effect a year ago, has brought about great business chances for enterprises in the region, according to experts.

An international aviation expo (Aero Expo Hanoi) & Vietnam Aviation Forum 2023 is scheduled to take place in Hanoi on March 21, said the Hanoi Department of Industry and Trade at a press conference on January 16.

Hotel room rates in HCM City have increased since the fourth quarter of last year to an average of VND 1.80 million (USD 77) per room per night, a rise of nine percent compared to the third quarter and

Vietnam’s aviation industry is forecast to have a busy year ahead as China reopens its borders which had been shut down since the start of the COVID-19 pandemic.

Bank profits are forecast to be the bright spot in the fourth quarter 2022 financial report season, which takes place after the Lunar New Year. This will help bank stocks flourish.

The relatively low devaluation of the VND against the USD in comparison with that of other currencies in the region shows that the Vietnamese stock market remains an attractive destination for investment flows.

Vietnam exported nearly 7.2 million tonnes of rice worth 3.49 billion USD last year, including many shipments navigating demanding markets such as Japan and the European Union (EU).

Nikkei Asia, a news service in Japan, ran an article on January 6 saying that Vietnam's offshore wind power sparks an influx of foreign investment.

Many shippers are earning big thanks to the surge in deliveries in Hanoi before the Tet Lunar New Year.