Reference exchange rate reaches record high on May 8

Vietnam’s equity market witnessed a robust earnings rebound in the first quarter of 2025, as nearly a thousand listed companies disclosed financial results showing widespread improvement across sectors.

According to the Vietnam Maritime and Waterway Administration (VIMAWA), under the Ministry of Construction, total cargo via ports reached 370.5 million tonnes, up 11% compared to the same period last year.

Lao Deputy PM Saleumxay Kommasith affirmed the Lao Government’s strong support for the Vinachem potash project and instructed the Laos–Vietnam Cooperation Committee to coordinate with relevant ministries in addressing outstanding matters.

The Deputy PM affirmed that Vietnam always attaches great importance to, and is committed to further strengthening, the Vietnam–France Comprehensive Strategic Partnership in general, and cooperation between Vietnam and the CMA-CGM Group in particular.

Deputy Minister of Construction Nguyen Danh Huy proposed that the EU and France support the Ministry of Construction in implementing energy transition initiatives in transport, greenhouse gas mitigation, and climate change response, contributing to Vietnam’s commitment to achieving net-zero emissions by 2050, as pledged at COP26. He also highlighted the need for training and capacity-building support.

The North–South high-speed rail line is expected to span approximately 1,541 kilometres, connecting Ngoc Hoi Station in Hanoi with Thu Thiem Station in Ho Chi Minh City, and traversing 20 provinces and centrally governed cities.

Phoc expressed his pleasure at the recent positive development of Vietnam–France relations across various fields, noting that France became the first EU country to establish a comprehensive strategic partnership framework with Vietnam during Party General Secretary and State President To Lam’s official visit to France in October 2024.

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,935 VND/USD on May 27, down 5 VND from the previous day.

TTC AgriS (Thanh Thanh Cong – Bien Hoa Joint Stock Company, AgriS, HOSE: SBT) has recently signed consecutive memoranda of understanding (MOUs) with Vietnam National University Ho Chi Minh City (VNU-HCM) and Nong Lam University Ho Chi Minh City (NLU) to initiate cooperation in training, research, and technology transfer.

The regulation on the tax exemption threshold of 1 million VND means that most imported e-commerce goods will not be subject to import tax.

Improving digital business capacity is fundamental to give each speciality product a digital brand, enabling e-commerce to become a viable tool for livelihoods, value creation, and the promotion of regional cultural identity.

The long-term order will help the airline expand its international route network across the Asia–Pacific, enabling it to increase flights on in-demand routes while preparing for future long-haul services to Europe.

As an ASEAN member, Vietnam is advancing its strategic vision to become the region's renewable energy hub, with strong commitments to clean energy development, emissions reduction, and meeting Southeast Asia's growing energy demands.

The Vietnam National Brand Week from May 26 to June 1 is expected to be a standout highlight in the series of activities at Vietnam's exhibition pavilion, embodying the nation's spirit of innovation, creativity, and deep integration.

During the visit, the delegation had a working session with the Federal Association of Small and Medium-Sized Businesses (BVMW), the largest economic association in Germany.

Businesses in both countries can leverage Vietnam’s strong manufacturing base and Singapore’s position as a commercial hub, as well as advantages of new-generation Free Trade Agreements (FTAs)—in which Vietnam and Singapore participate—to facilitate deeper access to global Halal markets.

Agricultural experts forecast that domestic prices may continue to drop to around 120,000 VND /kg due to the downward trend in global markets. Key drivers behind recent price hikes, such as weather concerns and trade tensions, are showing signs of easing.

These figures underlined Vietnam’s rising status as a top global investment destination, especially amid shifting global supply chains and increasing trends in capital relocation.

Vietnam’s Trade Office in Singapore recently encouraged Vietnamese businesses to participate in Retail’s Big Show APAC 2025, which will take place in Singapore early next month.

With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,187 VND/USD and the floor rate 23,693 VND/USD.