Total revenue from retail sales of consumer goods and services in May was estimated at 519 trillion VND (22.09 billion USD), an increase of 1.5% over the previous month and 11.5% year on year thanks to the long holidays in the beginning of the month, according to the General Statistics Office (GSO). Illustrative image (Source: VNA) The results...

Deputy Prime Minister Tran Hong Ha has approved an investment increase for the Tuyen Quang- Phu Tho Expressway connecting with the Noi Bai – Lao Cai Expressway project. Investment increase for Tuyen Quang – Phu Tho Expressway approved. (Photo: VNA) Accordingly, investment capital will be increased from 3.2 trillion VND (136 million USD) to 3.753 trillion VND to...

On May 29, Lang Son Traffic Infrastructure Construction and Maintenance Management Board held a ground-breaking ceremony for the construction of the section from km 0 to km 5 of road works connecting National Highway 4B with National Highway No.18 of Dinh Lap district. Leader of the Department of Transport spoke at the groundbreaking ceremony for the construction of the...

Agro-forestry-aquatic product exports were estimated at 20.26 billion USD in the first five months of 2023, down 11.1% year on year, according to the Ministry of Agriculture and Rural Development (MARD). Illustrative image (Photo: VNA) Meanwhile, the country's imports also dropped 8.7% to 13.15 billion USD, resulting in a five-month trade surplus of 3.55 billion USD, falling 21.1% from...

Workers at Ca Mau 1 power plant (Photo: VNA) Hanoi (VNA) – Fitch Ratings has affirmed PetroVietnam Power Corporation (PV Power)’s long-term foreign-currency issuer default rating (IDR) at “BB” with a positive outlook. This is the third consecutive year that PV Power has received “BB” rating with a positive outlook, the highest rating that a Vietnamese company can reach....

Vietnam’s import-export value in the first five months of this year was estimated at 262.54 billion USD, down 14.7% year-on-year, with a trade surplus of 9.8 billion USD, the General Statistics Office (GSO) announced on May 29. Illustrative photo (Photo: VNA) In the period, Vietnam exported about 136.17 billion USD worth of goods, a year-on-year drop of 11.6%,...

The Ministry of Industry and Trade supporting the reduction of automobile registration fees is considered to have a positive effect on the auto industry in the context of the automobile market facing many difficulties. Illustrative image (Photo:haxaco.com.vn) A report by the Ministry of Industry and Trade showed that, in the first four months of 2023, automobile production decreased by...

Samdech Kittisangha Bondit Men Sam An, Deputy Prime Minister and Minister of the National Assembly - Senate Relations and Inspection of Cambodia, and a delegation of the Government Inspectorate of Vietnam visited the headquarters of the Bank for Investment and Development of Vietnam (BIDV) in Hanoi on May 27. Samdech Kittisangha Bondit Men Sam An, Deputy Prime Minister and...

There remains an ample room for Vietnamese exports to Africa, as the country accounts for only 0.6% of the continent's total import of 600 billion USD per year, according to the Ministry of Industry and Trade, given opportunities brought about by the African Continental Free Trade Area (AfCFTA) agreement. Illustrative image (Photo: VNA) The Asian-African Market Department said...

Electricity imports from Laos and China accounted for just a modest part of the total electricity demand of Vietnam, Deputy Minister of Industry and Trade Dang Hoang An. Workers of Vietnam Electricity check the transmission system. (Photo: VNA) An made the statement in response to National Assembly deputies’ question about why Vietnam had not connected domestic renewable energy projects...