Business

Vietnam's trade surplus reaches 4.72 billion USD in Jan-Feb

Vietnam's trade surplus reaches 4.72 billion USD in Jan-Feb

Vietnam has recorded a trade surplus of 4.72 billion USD in the first two months of 2024, higher than the figure of 3.5 billion USD reported in the same period last year, according to the General Statistics Office (GSO).

Vietnam - most investor friendly country in ASEAN: US paper

Vietnam is the most investment worthy place in ASEAN, according to an article recently published on the US’s mondaq.com.

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USD2.4-billion power plant proposed in Thanh Hoa

A VND58 trillion (USD2.4 billion) liquefied natural gas thermal power plant project is expected to be built in the northern central province of Thanh Hoa.

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US extends investigations into wooden cabinets from Vietnam

The US Department of Commerce (DOC) has announced the extension of the deadline to issue the final conclusion on the investigation of the product scope of wooden cabinets imported from Vietnam, according to the Trade Remedies Authority of Vietnam (TRAV).

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Vietnamese fruit and vegetable exports expected to reach USD7 billion this year

Vietnam's fruit and vegetable exports are expected to reach around USD 6.5-7 billion this year.

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Vietnamese firms invest over US$25 million abroad

Local businesses invested in 17 new projects abroad over the first two months of the year with a total registered capital of US$25 million, equivalent to 21.7% over the same period from last year, according to the Foreign Investment Agency.

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Domestic retail market forecast to be robust in 2024

The domestic retail market is expected to regain momentum on increasing incomes and rising middle class to drive economic recovery this year.

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Prime Minister Pham Minh Chinh chaired a conference to perform the task of developing the stock market in the year ahead, with the event jointly organized by the Ministry of Finance and the Government Office on February 28 in Hanoi.

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The latest deposit interest rates at the four major banks have simultaneously decreased to the lowest level in one year.

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Four State-owned banks have further cut deposit interest rates by 0.2-0.3 percentage points to reach around 7 per cent for 12-month deposits.

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The State Bank of Vietnam’s recent decision to revise up the 2022 credit growth target of the banking system has eased access to bank loans amid a credit crunch, especially at the peak season to prepare for Lunar New Year.

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Minister of Trade and Industry Dang Hoang An and Italian Undersecretary for Foreign Affairs Manlio di Stefano co-chaired the seventh meeting of the Joint Commission on Economic Cooperation, following a two-year hiatus caused by the COVID-19 pandemic.

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Deputy Prime Minister Le Minh Khai has approved the sovereign credit rating improvement project by 2030, part of an effort to make Vietnam a developing and upper-middle-income country with modern industry.

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The State Bank of Vietnam has urged lenders to not relax credit approval conditions but set tighter control on foreign currency lending and granting loans in high-risk sectors.

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