

Vietnam monthly wood export reaches over USD1.2 billion
Since May, Vietnam's export of wood and wood products has shown positive signs of recovery, with monthly export turnover of USD1.2 billion on average, the Handicraft and Wood Industry Association of Ho Chi Minh City (HAWA) has reported.

Vietnam ranks 2nd in attracting FDI in renewable energy
Vietnam attracted foreign direct investment of 106.8 billion USD into its renewable energy sector during the 2015-2022 period, ranking it 2nd among developing economies around the world.

PM meets US Treasury Secretary, leaders of economic groups
Prime Minister Pham Minh Chinh met with Treasury Secretary Janet Yellen in New York on September 20 (local time) to discuss cooperation between Vietnam and the US in economy and finance, and to share views on other issues of shared concern.

Transferring 10 million VND may require biometric authentication
(TBTCO) - It is expected that biometric authentication such as fingerprint, iris, or facial recognition will be mandatory for money transfers exceeding the minimum level, possibly starting from 10 million VND (410.93 USD), said Deputy Head of the State Bank of Vietnam (SBV)’s Payment Department Le Anh ...

Ministry projects three economic growth scenarios for 2024
The Ministry of Planning and Investment has outlined three potential economic growth scenarios for 2024, with the highest GDP growth rate forecast at 6.5%.

Vietnamese businesses expect USD1 billion in revenue from US market
FPT, Vietnam’s largest IT service provider, expects to create more than 3,000 jobs by 2028 and achieve revenue of USD1 billion from the US market by 2030.

Banks lower deposit interest rates to COVID-19 levels
Two more State-run commercial banks, Vietinbank and BIDV, on September 19 lowered their deposit interest rates matching the lowest level recorded during the COVID-19 pandemic.

Five items post export value of over 10 billion USD
In the first eight months of this year, five export items of Vietnam posted a turnover of more than 10 billion USD, accounting for 58.4% of Vietnam’s total.

Interest rate cut expected to stimulate demand for home loans
Banks are reducing lending interest rates by 1-3% per year compared to 2022 to stimulate demand for home loans in the wake of the loan decline.

Vietnam’s exports of computers and phones rise 10% in August
Vietnam’s two major export commodities – computers, electric devices and component, and phones and components – saw an improvement in August.

Ministry of Finance proposes amending and supplementing regulations to improve the effectiveness of public investment
(TBTCO) - In response to the development of Decree No. 40/2020/ND-CP of the Government detailing the implementation of articles of the Law on Public Investment, the Ministry of Finance (MoF) has requested that several regulations be amended and supplemented to be more realistic.

Measures needed to limit the return of allocated public investment capital
(TBTCO) - The Ministry of Finance (MoF) has just released report No. 9349/BTC-DT on the mid-term assessment of the medium-term public investment plan implementation for the period 2021-2025. According to the report, some ministries, branches, and localities' medium-term and annual public investment planning still has some flaws, ...

Cashew exports hit record high of over US$300 million in August
Vietnam’s cashew exports in August alone reached a new record high of 60,580 tonnes worth US$333.83 million, according to figures released the Ministry of Industry and Trade.

Fruit and vegetable exports to China increase by more than 133%
Vietnamese fruit and vegetable exports to the Chinese market during the first eight months of the year saw an increase of 133.6% to US$2.26 billion on-year, representing triple-digit growth, according the General Department of Vietnam Customs.

German businesses interested in Vietnam
German news website NTV has published an article highlighting the attractiveness of the Southeast Asian country to German businesses.