The General Department of State Reserves (State Reserves) has actively reviewed and balanced the national reserve food resources to proactively respond quickly and effectively in all situations.

There are concrete signs that Vietnam’s exports are set to recover in the fourth quarter driven by a bottoming out of the US inventory cycle and by an acceleration in multinational firms’ movement of manufacturing to Vietnam.

World Bank experts believe that the banking sector continues to face challenges in the first half of 2023 and needs improvement to enhance the resilience of the banking system.

Although it is not completely recovered compared to the same period last year, the business results in the second quarter of 2023 of many enterprises have shown positive signals in export activities, lighting up hope for the remaining months of year.

Vietnam’s fruit and vegetable export turnover reached 3.23 billion USD in the first seven months of 2023, up 68.1% over the same period in 2022, according to the Ministry of Agriculture and Rural Development. The fruit and vegetable industry is expected to gain an export turnover of over 5 billion USD in 2023.

According to the General Department of Customs, Vietnam's import and export of goods in the first 7 months of 2023 to the Asian market region reached USD241.84 billion, accounting for the largest proportion of 65% of Vietnam’s total import and export value of goods to the world, a decrease of 13.5% from the same period last year.

The Vietnam Textile and Apparel Association (VITAS) and the Korea Federation of Textile Industries (KOFOTI) have signed a memorandum of understanding (MoU) to strengthen bilateral cooperation, KOFOTI announced on August 24.

Vietnam’s wood and wooden product exports have seen signs of gradual recovery, according to the Hanoi-based DSC Securities Joint Stock Company (DSC).

Vietnamese coffee shops would receive a warm welcome in Thailand, Puripan Bunnag, senior vice president of the Thailand Convention and Exhibition Bureau (TCEB), tells The Investor.

Vietnam has made important gains in socio-economic development thanks to its opening policies to integrate into the world economy and participate in a range of Free Trade Agreements (FTAs).