Bilateral trade between Vietnam and Hesse has reached around EUR1 billion (US$1.05 billion) annually, accounting for one-tenth of total trade between Vietnam and Germany.

The event is part of the Hanoi Concentrated Promotion Program 2024, held in May, July, and November, attracting up to 2,000 businesses.

The "Most Popular Vietnamese Products" voting program is part of the city's broader efforts to encourage the consumption of local goods.

Vietnam posted a trade surplus of US$265 million with Russia between January and July, down 39% year-on-year, which was due to growing number of Russian imports to Vietnam, stated General Department of Vietnam Customs (GDVC).

Current legal regulations are hindering state-owned banks to attract foreign investors to their private placement though the measure is considered effectively to help the banks meet its urgent need for capital increase under the State Bank of Vietnam (SBV)’s regulation on Basel II standards.

From August 24 to 30, Thailand and Indonesia exported 2,188 and 716 units to the Vietnam`s market, respectively, accounting for 94% of total cars imported to Vietnam.

Spending on social, health and unemployment benefits hit a total of VND202 trillion (US$8.65 billion) in the January - August period, or 68.61% of the year`s target.

"The consumer confidence level in Vietnam remains on par with that of the second quarter last year, well above the global average and the neutral threshold," observed Nielsen Vietnam`s representative.

The decision is part of the State Bank of Vietnam (SBV)`s recent released circular, providing guidance on foreign currency management in cross-border trade between Vietnam and China.

In the January - August period, the US remained Vietnam`s biggest export market, spending US$30.2 billion on Vietnamese goods, up 10.2% year-on-year.

Grab Vietnam is currently subject to a tax rate of 5% over its revenue, which is applied to companies operating in the science and technology field.

VNPT sets revenue and pre-tax profit targets of VND43 trillion (US$1.86 billion) and VND5.76 trillion (US$246.8 million) in 2018.

"As a market economy, there is no other option for sustainable development than a high competitiveness," stated the head of the Institute for Brand and Competitiveness Strategy (BCSI).

The airline is expected to launch its first flight on October 10, while offering air tickets for flights starting September 2.

TV pay service provider Audio Visual Global (AVG) has paid back VND8.51 trillion (US$365.9 million) to Mobifone after a notorious deal was cancelled earlier this year.

For a population of nearly 100 million, of which the majority is at young age and with a steady growth of income per capita, Vietnam is considered potential market for fashion retailers.

In its latest report, market research firm Kantar Worldpanel expected the fast-moving consumer goods (FMCG) manufacturers will make up the bulk of that spending

In the first seven months of 2018, a total of 7.8 million tons of petroleum products worth US$5.2 billion were imported, up 3.9% in volume and 31.6% in value year-on-year.

Vietnam is currently ranked fifth in the world in terms of instant noodle consumption, behind China, Indonesia, Japan and India.

Of the total number, cars with less than nine seats make up the largest proportion with 15,348 units worth US$324 million.

The growth rate of e-commerce in Vietnam reached over 25% in 2017 and this rate may remain stable in the next three years 2018 - 2020, said Nguyen Thanh Hung, chairman of the Vietnam E-commerce Association (VECOM).

The trade clash between China and the US worries some countries, including Vietnam.

The result of the assessment will be the basis for Vietnam to qualify for non-stop flights to the US.