(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. 

(VOV) - Though the overall realty market in Vietnam may be showing some cracks, the market for oceanfront mansions and palatial condos shows no signs of thawing, dampening concerns of wildly escalating prices in the near future.  

(VOV) - A critical shortage of workers in the textile and clothing industry is hampering HCM City’s ability to transform itself into the fashion centre of the southern region, leading industry analysts report.

It is said that we should never tell the same lie twice, but this seems to be the case of the argument that a“higher environmental tax does not mean higher fuel prices,” which was put forward during both of Vietnam’s fuel price increases over the last two weeks.

(VOV) - Vietnam’s rice exports have struggled to compete with cheaper shipments from Thailand in the first four months of 2015 as the Thai government has sought to offload inventories at highly discounted prices.

(VOV) -Tea is the world’s most popular beverage, often touted for its healthful properties, however the Ministry of Agriculture and Rural Development (MARD) suspects some Vietnamese black tea may be contaminated.

(VOV) - The Vietnamese government has proposed plans to borrow from its foreign exchange reserves after struggling to issue debt in the bond markets – seven bond auctions failed in May alone.

(VOV) - The Vietnam Food Company (VNF) has announced a start-up joint venture with the CJ Cheil Jedang Group to produce shrimp meal as a by-product of Vietnam’s shrimp industry.

(VOV) - Vietnam signed a free trade agreement (FTA) with the Republic of Korea (RoK) earlier this month which is expected to boost its exports to the RoK market and more than double bilateral trade over the next five years.

(VOV) - A representative from the Vietnam Trade Office in Buenos Aires on May 21 introduced Vietnam’s international economic integration policy and the government’s incentives for foreign investors to a talks held by the Centre for Economy and International Commerce (CEECI).

Export turnover in the southern province of Dong Nai has performed well due to market stability and export market expansion, according to the provincial department of Industry and Trade.

The ministries of Finance and Industry and Trade on May 20 enabled enterprises to increase gasoline prices by VND1,200 (six cents) per litre in the wake of increasing global fuel prices.

The EU-Vietnam Free Trade Agreement (EVFTA) will create ample opportunities for enterprises from both sides, heard a talk on the deal held in Flamand, Belgium on May 19. 

(VOV) - Since early this year, shrimp exports have dipped sharply and just reached nearly US$800 million in the first quarter, a fall of 28% against last year’s same period.

Analysts don’t think Tata Nano, the cheapest car model from India, would sell well in Vietnam, saying that though Vietnam is a poor country, its people only accept luxury products.

Vietnam needed to improve the competitiveness of its sugar industry's competitiveness so it did not lose out in the regional market, especially when the tax rate is cut to zero by 2018 as part of commitments to the ASEAN Economic Community.

The State Bank of Vietnam (SBV) will buy gold bars lying idle with domestic individuals and organisations to increase Vietnam's foreign exchange reserves as and when conditions permit.

The Vietnamese government will continue to apply price ceilings on formula for babies under 6 years old until December 31 next year, as local prices remain higher than those of many countries in Southeast Asia. 

A recent downturn in the number of international tourists has prompted Hanoi’s hoteliers to come up with new strategies to regain stable occupancy rates.

(VOV) -A surge in exports with higher added value spurred Vietnamese exports to India to their biggest quarterly increase in years the Ministry of Industry and Trade (MoIT) reported in recently released statistics.

(VOV) -The banking system restructuring has resulted in positive changes, the most notable involving bad debts and interest rates.