Reference exchange rate up by 10 VND on May 7

This year, the footwear industry continues to target exports to Africa, Asia, Japan, Europe and the US, while also taking initial steps to engage with major e-commerce platforms like Alibaba and Amazon to open new sales channels.

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,978 VND/USD on May 30, up 16 VND from the previous day.

Vietnam’s position as the world's second-largest textile exporter, trailing only China, underscores its significance in the global market.

The casino project is designed as a high-end resort and entertainment complex with gaming, aiming to host international events and become a leading regional and global destination. Its core objective is to operate a casino and provide related services in compliance with Vietnamese legal regulations.

Occupying over 10,000 square metres, VIET INDUSTRY 2025 is expected to feature more than 500 booths representing 300 international brands from over 10 countries and territories.

FPT Corporation (FPT) recently joined the inaugural Vietnam-France Leaders Forum, marking a key milestone in the strengthening of economic and strategic cooperation between the two countries.

The events include the Vietnam International Hardware Expo 2025 and the Home Show Vietnam 2025, co-organised by Singapore-based Uninet Exhibition Pte. Ltd. and Han Viet MICE EIMS Co., Ltd., in collaboration with local and international trade promotion agencies.

This marks the fifth project in the park with investment exceeding 100 million USD, reaffirming Thai Binh’s attraction to high-tech foreign direct investment (FDI).

A delegation from the Vietnam National Chemical Group (Vinachem) visited Laos from May 26-29 to accelerate a potassium salt mining and processing plant in the central province of Khammouane, a flagship project symbolising the deepening partnership between the two nations.

Chinese firms praised Vietnam’s improving business climate, citing stronger legal frameworks, competitive production costs, advanced infrastructure, and vibrant industries as catalysts for expanded collaboration in trade, investment, and innovation.

Since their FTA came into effect, trade between Vietnam and the EAEU doubled to reach 5.6 billion USD in 2024.

The PM called for completing legal and policy frameworks to build a robust digital banking ecosystem, with a focus on electronic payments, end-to-end online public services, and digital access for all, particularly those in remote and disadvantaged areas.

Legislators said adjustments to the gold bullion market policy should be implemented years ago, rather than delayed until now, in order to narrow the gap between domestic and global gold prices and to better control gold bullion smuggling across borders, which remains challenging.

IEAE 2025 offers a dynamic platform for trade connection, catering to the diverse demands of international buyers and visitors.

Accordingly, the maximum retail price of E5 RON92 petrol has been set at 19,196 VND (0.76 USD) per litre, up 74 VND; and that of RON95-III petrol at no more than 19,565 VND per litre, a modest increase of 33 VND.

Prime Minister Pham Minh Chinh agreed with Excelerate Energy's proposal to position Vietnam as a regional LNG distribution hub, while encouraging the firm to further explore opportunities to expand and deepen cooperation with Vietnamese partners in providing technological solutions and long-term LNG supply.

Emphasising that these investments have not only created economic values but also contributed to improving public services, social infrastructure development, and enhancing people’s quality of life, the PM proposed Oman expand and raise the scale of the fund to 1 billion USD to better support Vietnam’s investment and development needs, in line with its economy’s scale and with interest rates suitable to Vietnam’s conditions.

Khanh Hoa leaders reaffirmed their strong commitment to further improving the local investment climate by streamlining administrative procedures, reducing licensing times, increasing transparency, and providing the best possible conditions for businesses and investors.

A survey conducted by VCCI showed that nearly 65% ​​of Vietnamese enterprises had not prepared anything when participating in the global supply chain, while more than 50% of enterprises did not define their goals when participating in the global value chain.

The Deputy PM stressed that the coordination mechanism must follow the principle of decentralisation, only issues that truly require central-level coordination should be retained at the national level, with the rest delegated to localities.