Vietnam is the largest cotton importer of Australia with 38.8% of the market share, according to the Australian Trade and Investment Commission (Austrade) which predicted that Vietnam will hold this position in following years.

Foreign direct investment (FDI) inflows into Vietnam have gradually recovered with many large-scale investment projects following the COVID-19 pandemic as well as political and economic uncertainties in the world.

VOV.VN - A challenging external environment and weaker domestic demand is leading to a slowdown in economic growth in Vietnam, but the economy will pick up pace in the second half of 2023 and the following years, the World Bank said in an economic update released on August 10.

VOV.VN - Vietnam is considered to be a promising and reliable investment destination for German businesses in their investment diversification strategy, according to industry insiders.

Despite strong efforts and more positive signals recorded, Vietnam’s economic growth stood at only 3.72% in the first half of 2023, putting heavy pressure on the realisation of this year’s GDP growth target of 6.5%, said Deputy Minister of Planning and Investment Tran Quoc Phuong.

Vietnam’s foreign investment attraction will see a positive outlook in the coming time as efforts have been made to improve investors’ trust in the country, said director of the Ministry of Planning and Investment’s Foreign Investment Agency (FIA) Do Nhat Hoang.

VOV.VN - The Asia-Japan Economic-Cultural Cooperation Center officially made its debut on August 6 in Osaka, Japan, with the ultimate aim of introducing Vietnamese specialties and cultural characteristics, as well as spreading the cultural values of Asian countries.

The total disbursement of public investment reached VND267.6 trillion (US$11.2 billion) as of the end of July, fulfilling only 35.49% of the plan set for 2023, but higher than the 34.47% recorded in the same period last year, according to the Ministry of Finance.

VOV.VN - The government held a regular monthly meeting for July in Hanoi on August 5 to review national socio-economic performance in July and outline orientations for August and beyond, with Prime Minister Pham Minh Chinh in the chair.

VOV.VN - The US Mission to Vietnam, through the U.S. Agency for International Development (USAID), Vietnam’s Office of the Government, and the Ministry of Planning and Investment celebrated their joint achievements in improving the business environment and enhancing the competitiveness of Vietnamese small and medium enterprises (SMEs) through the USAID Linkages for SME (LinkSME) project.