Business

The ST25 fragrant rice variety of Vietnam named Gao Ong Cua (Ong Cua Rice) has won the World’s Best Rice 2023 award, recently held in the Philippines, announced by the Ministry of Agriculture and Rural Development, on November 30.

The People’s Committee of Bac Ninh province and the administration of the Republic of Korea (RoK)’s Gyeongsangbuk province signed a memorandum of understanding (MoU) on friendly cooperation at a ceremony in Bac Ninh city on November 29.

The ASEAN Ceramics Expo 2023, Southeast Asia’s leading international exhibition of machinery, technology, and materials for manufacturing white-ware, heavy clay and advanced ceramics, is underway in Hanoi.

The Vietnam Grand Sale 2023 programme aims to boost domestic consumption and strengthen manufacturing and business activities to contribute to the country’s economic recovery and development.

Vietnam enjoyed a trade surplus of 24.44 billion USD as of November 15 this year, according to data released by the General Statistics Office (GSO).

Vietnam’s benchmark VN-Index jumped 0.67% on November 29 to close the trading session at 1,102.8 points.

Vietnam will impose a minimum corporate income tax rate of 15% on multinational companies with consolidated revenues of more than 750 million EUR in at least two of the last four years from January 1, 2024.

The consumer price index (CPI) for November has gone up by 0.25% compared to the previous month and 3.45% to the same period last year, announced the General Statistics Office (GSO) on November 29.

As many as 14,267 new businesses with a total registered capital of almost 153.6 trillion VND (6.3 billion USD) were established in November, respectively rising 19.5% and 47% year on year, said the Business Registration Management Agency under the Ministry of Planning and Investment.

As the destination chosen by large corporations in the electronics and semiconductor industries, Bac Ninh Province is participating in the domestic and regional semiconductor ecosystem.

Vietnamese furniture makers are introducing their products at the World Furniture Expo (WOFX) which opened in Mumbai, India on November 28.

Vietnam's benchmark VN-Index rose 0.68% to 1,095.43 points on November 28.

The 12th meeting of the Vietnam-China Economic and Trade Cooperation Committee took place in Hanoi on November 27 under the co-chair by Vietnamese Minister of Industry and Trade Nguyen Hong Dien and Chinese Commerce Minister Wang Wentao who is on an official visit to Vietnam from November 25 – 28.

Vietnam is exporting shrimp to about 100 countries and territories across the world, according to the General Department of Fisheries under the Ministry of Agriculture and Rural Development.

Nearly 28.85 billion USD in foreign direct investment (FDI) was registered as of November 20, rising 14.8% year on year, reported the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment .

About 150 enterprises of Vietnam and China joined in a conference held in Beijing on November 27 to promote bilateral economic, trade, and investment connections.

Vietnam's benchmark VN-Index fell  7.55 points (0.69%) to 1,088.06 points on November 27,  lowest since November 7.

Based on the Planning of Quang Ninh Province for the 2021-2030 period, approved by the Prime Minister in Decision No.80/QD-TTG, dated February 11, 2023, the province is interested in combining and promoting its advantages in terms of natural conditions and promulgating many policies to attract investment, promoting rural economic restructuring associated with agricultural, industrial and service development.

Besides the One Commune One Product (OCOP) programme, over the past few years, Quang Ninh has introduced various measures to promote agricultural production and encourage farmers to employ science and technology to enhance the quality of their products and expand market access.

Anphabe, the consulting firm that provides Employer Brand and Happy Workforce solutions, has announced the annual list of Top 100 Vietnam Best Places to Work for 2023.

The Vietnam Cooperative Alliance organised a forum on "Developing the cooperative economic model, promoting sustainable agricultural development" in Hanoi, on November 24.

The Consulate General of the Republic of Korea (RoK) in the central city of Da Nang on November 24 held a conference on the expansion of investment cooperation between the RoK and central localities of Vietnam.

The Vietnam Maritime Corporation (VIMC) recently signed a contract with the global research and strategic consulting firm Roland Berger to develop itself until 2030 with a vision to 2035.

The Vietnam-Eurasia Trade Forum themed “Adapt to the Market Context, Unleash Potential” was held in Hanoi on November 24.

Vietnam’s benchmark VN-Index rose 0.65% (7.12 points) to 1,095.61 points on November 24. 

Green transformation and green export are creating ‘new rules’ in trade and investment, urging Vietnamese producers and exporters to quickly adapt to and meet new requirements to survive and develop in the context of carbon neutrality and sustainable development.

A conference on connecting investment, trade, and tourism between Hanoi and the Northwest provinces, entitled “Link to Grow”, was held in Lao Cai City on November 23.

An online workshop discussing measures to further promote the export of potential products to Africa and the Middle East was held by the Ministry of Industry and Trade (MoIT)’s Vietnam Trade Promotion Agency on November 23.

Vietnam Textile and Apparel Association (VITAS) on November 23 announced that Vietnam’s textile and apparel exports are estimated to top 40 billion USD, about 9% less than that of last year.

Prime Minister Pham Minh Chinh has urged greater efforts to promote credit access, thus boosting corporate bond and real estate markets in a safe, healthy and sustainable fashion.