Business

As Vietnam aims for higher export value and new records in export turnover of key agricultural products in 2024, experts have called for greater commitment to deep processing.

A strong rise in goods consumption without any shortage or price hikes during the Lunar New Year (Tet) festival is considered a push for the growth of the domestic market in the whole year.

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

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.

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).

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

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.

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

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.

Vietnam has attracted more than 4.29 billion USD in foreign direct investment (FDI) in the first two months of 2024, a year-on-year increase of 38.6%, according to the Ministry of Industry and Trade (MoIT)’s Foreign Trade Agency.

Vietnam’s seaports handled nearly 112 million tonnes of cargo in the first two months of 2024, a year-on-year increase of 8%, statistics from the Ministry of Transport's Vietnam Maritime Administration revealed.

Vietnam’s exports to the United States surpasses the US$10 billion mark in January, representing an increase of 64% compared to the same period from last year, according to data given by the General Department of Vietnam Customs.

The Ministry of Agriculture and Rural Development set a target of growing about 1 million ha of large-sized timber forests nationwide by 2030.

There is still room for the State Bank of Vietnam to make another policy interest rate cut in 2024 to boost economic growth, analysts believed.

Logistics costs have been a headache to the Vietnamese agricultural sector as they account for a lion share in the price of agricultural products.

The Vietnam Automobile Manufacturers’ Association has just announced their sales report for the first month of 2024 which showed a sharp 50 percent drop on month.

Vietjet inaugurated a new route connecting HCM City with Laos, expanding opportunities for economic development, tourism, and cultural exchange between the two neighbouring countries, Vietnam and Laos.

Overnight interest rate in the interbank market has surged to more than 4 per cent, the highest level in the past nine months, data from the State Bank of Vietnam showed.