Vietnam ranks 16th in the list of 21 wealthiest nations and territories across Asia, as compiled by Insider Monkey, a finance website providing free insider trading and hedge fund data to ordinary investors.

The Indian Consulate General in Ho Chi Minh City will hold a range of cultural exchange, and trade, investment and tourism promotion programmes in 2023, aiming to foster the ties between India and Vietnam, said Indian Consul General Madan Mohan Sethi at a press briefing in the city on May 30.

The Vietnam Electricity Group (EVN) is negotiating to purchase more electricity from China and Laos, according to EVN General Director Tran Dinh Nhan.

Prime Minister Pham Minh Chinh and his Indian counterpart Narendra Damodardas Modi affirmed their recognition of the great importance of the traditional and long-standing friendship that exists between the two countries at their meeting held on May 20 in Hiroshima in Japan.

Many car dealers have complained that the market is sluggish and the inventory level is alarming. The long-lasting losses have forced them to cut their workforce or even consider shutting down.

Vietnam attracted approximately US$8.88 billion of foreign direct investment (FDI) during the opening four months of the year, equivalent to 82.1% of the amount recorded during the same period from last year, according to the Ministry of Planning and Investment (MPI).

Export turnover in HCMC reached over US$10 billion in Q1, a 17% decrease year-by-year, and also the sharpest decline in 22 years.

Vietnam attracted nearly 5.45 billion USD worth of foreign investment in the first quarter of the year, down 39% year-on-year, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.