(VOV) - Business failures in Vietnam fell by 0.5% to 3,884 in the first five months of the year compared with the corresponding period last year, according to the General Statistics Office (GSO) of Vietnam. 

Businesses and analysts all believe that the State Bank (SBV) will not devalue the dong again this year because there will be less pressure on the exchange rate.

As the greenback has been soaring against the dong in recent weeks, financial commentators have suggested this may be a result of dollar speculation in the forex market.

(VOV) - Agro-forestry and seafood product exports are estimated at US$2.37 billion in May, bringing the sector’s total export revenue in five months to US$11.4 billion, a fall of 7.3% over the corresponding period.

(VOV) - Steel imports into Vietnam are rising dramatically and in the four months leading up to May surged 30% year-on-year to a record high, according to the Vietnam Industry and Trade Information Centre (VITIC).

(VOV) - A number of businesses have won contracts to export fresh litchi to demanding markets after all necessary preparations have completed, according to the Plantation Protection Department (PPD) under the Ministry of Agriculture and Rural Development (MARD).

Pan Food Joint Stock Company has raised its stake in confectionery maker Bibica (coded BB on the HCM Stock Exchange) to 42.25%, becoming the second biggest shareholder of Bibica after Korea's Lotte Confectionery. 

The consumer price index (CPI) for May showed an increase of 0.16% over April and a year-on-year surge of 0.95%, the General Statistics Offices (GSO) said on May 24.

The Vietnam Association of Property Brokers will make its debut on May 28 in Hanoi, according to the Vietnam Real Estate Association (VREA). 

Expanding cassava cultivation will increase jobs and generate higher incomes for farmers, thus contributing to socio-economic development, the Minister of Agriculture and Rural Development, Cao Duc Phat, said.