The reduction of the rice import tax by the Philippines will create more advantages and increase opportunities for Vietnamese rice to enter the market later this year, insiders said.

The Vietnam Stock Exchange (VNX) reported a decrease of 11% year-on-year in net revenue to more than VND3 trillion, according to the audited consolidated financial statements for 2023.

In recent years, earthquakes have occurred more frequently in Vietnam and appear to be on the rise. Therefore, communities in high-risk earthquake areas need to understand this type of natural disaster and develop proactive response plans, an expert has said.

A recent survey conducted by NIQ, a leading authority in consumer and shopper insights, has uncovered notable changes in shopping behaviour among Vietnamese consumers in 2024.

Vietnamese businesses should continue to invest in deep processing to effectively penetrate Asian and African markets amid the rising trend to use deeply processed products in these outlets, the Asia-Africa Market Department under the Ministry of Industry and Trade (MoIT) has said.

Vietnam did not manipulate the rate of exchange between the Vietnamese dong and the US dollar for purposes of preventing effective balance of payment adjustments, or gaining unfair competitive advantage in international trade in the four quarters to December 2023, according to a recent report of the US Department of the Treasury (USDT).

Despite low interest rates, bank deposits have reached a new historic peak of VND16 quadrillion (US$628.5 billion) as of the end of March, according to the latest data from the central bank.

Vietnam is expected to see robust growth in the next 5 -10 years, opening more investment opportunities for foreign investors, including ones from Singapore, in all sectors, said insiders.

Vietnam's aviation safety index was reported at 77% by the International Civil Aviation Organisation (ICAO), well above the global average of 68%, according to the Civil Aviation Authority of Vietnam.

Vietnam’s 2024 economic growth target of 6.5% is challenging, with weak consumption demand and exchange rate risks, so signals a pressing need for hastening energy transition towards a green economy, a conference to launch the Vietnam Annual Economic Report 2024 heard.