Business

US becomes largest consumer of Vietnam’s agro-forestry-fishery products

The United States surpassed China to become the largest export market for Vietnam’s agricultural, forestry, and fishery products in the first eight months of this year, according to the Ministry of Agriculture, Rural and Development.

Green finance brings both new opportunities, challenges to Vietnam: Experts

The promotion of green and sustainable financial development has created both new opportunities and challenges for the financial system in Vietnam, according to experts.

Vietnam's largest ore and mineral import markets

The country’s largest import markets for ores and minerals are Australia, Brazil, Laos, Thailand, Cambodia, India, Turkey, and China.

Vietnamese firms urged to quickly adapt to EU Deforestation Regulation

As the EU Deforestation Regulation (EUDR) is about to officially take effect on December 31, 2024, Vietnamese enterprises have been advised to act quickly to comply with this rule to sustain exports to this major market.

Vietnam becomes second largest supplier of white fish to US

Vietnam was the second largest supplier of white fish (mainly tra fish or pangasius) to the United States in the first half of 2024.

Vietnam pepper exports to top 1 billion USD in 2024

Vietnam could ship more than 1 billion USD worth of pepper abroad for the whole 2024 on the back of high global demand and limited supply, according to the Vietnam Pepper and Spice Association.

Government reduces registration fees to boost car sales

The Vietnamese government has announced a temporary 50% reduction in registration fees for domestically produced and assembled cars on August 30.

Agro-forestry-fisheries trade surplus booms over 68% in eight months

Vietnam has recorded 11.8 billion USD in agro-forestry-fisheries trade surplus over the first eight months of 2024, surging 68.4% year on year, reported the Ministry of Agriculture and Rural Development.

Google considers building large data centre in Vietnam

Google is considering building a large data centre in Vietnam, in what would be the first such investment made by a major United States technology company in Vietnam, according to Reuters.

Central bank takes looser monetary measures

The State Bank of Vietnam has relaxed monetary measures in the context of sharp declines in the foreign exchange rate in recent days.

Petrol prices slightly fall in Friday adjustment

Retail petroleum prices fell at 3 pm today, August 29, following a decision by the Ministry of Industry and Trade and the Ministry of Finance.

Credit recovers after July decrease

Bank credit is showing signs of recovery after a decline at the end of July, the latest statistics from the State Bank of Vietnam show.

PM issues directive to stimulate domestic consumption, production, market development

Prime Minister Pham Minh Chinh has signed a directive on the development of the domestic consumption, production-business, and market.

Long-term deposit interest rates reach 7.4 per cent

Interest rates for Vietnamese đồng-denominated for long term deposits at commercial banks have reached 7.4 per cent per year, according to the State Bank of Vietnam (SBV).

First bank officially sells gold via app

Vietcombank has become the first bank in Vietnam to stop offering SJC-branded gold bars on its website and sell them through its banking app from August 27.

Australia, Vietnam strive for US$20 billion trade turnover target

Vietnam and Australia have agreed to ramp up investment and trade promotion, striving to swiftly reach the trade turnover target of US$20 billion and double two-way investment over the next two to three years.

Philippines to import 150,000 doses of African swine fever vaccine from Vietnam

Vietnam's vaccine maker AVAC Vietnam Joint Stock Company (AVAC) will export 150,000 doses of African swine fever vaccine to the Philippines on August 29, said AVAC General Director Nguyen Van Diep.

Vietnam's economy poised to gain from regional growth in 2025

The credit rating organisation Moody's has forecast a positive economic outlook for the Asia-Pacific region in 2025, with accelerating growth in Southeast Asia, and Vietnam is expected to benefit notably from this trend.

Vietnamese economy forecast to grow 6.1% this year: WB

The Vietnamese economy is forecast to grow 6.1% in 2024, and 6.5% in both 2025 and 2026, up from 5% last year, according to the World Bank’s latest report titled “Taking Stock: Reaching New Heights in Capital Markets”.

Asian markets boosted by Fed chief's rate cut talk

Most Asian equity markets rose with the yen on Monday after US Federal Reserve boss Jerome Powell said "the time has come" to start cutting interest rates, lining up the central bank for a move as soon as next month.

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