Business

The prices of Vietnamese rice are rising, contrasting with the trends in Thailand and Pakistan, according to the Vietnam Food Association.

Deputy Minister of Agrculture and Rural Development Tran Thanh Nam has called for coordination from Japan to implement capacity-building programmes for cooperatives joining Vietnam's project on developing 1 million hectares of high-quality, low-emission rice.

Vietnam has always proactively applied and responded to trade defence measures in international trade to prevent negative impacts of massive imports, unfair competition and protect domestic manufacturing industries.

Two-way trade turnover between Vietnam and Russia hit US$2.74 billion in the past seven months, marking a remarkable increase of 45.5% year on year.

Although gaining strong growth in export turnover in the first seven months of this year, Vietnam still faces many challenges to maintain the high growth in the export until this year end.

Measures implemented by the State Bank of Vietnam to fight off the dollarisation of the economy, highlighted by the zero per cent interest rate for deposits made in US dollar, have produced positive effects in stabilising the exchange market.

Asian markets mostly rose Monday following last week's strong performance, with traders focused on a closely followed meeting of central bank chiefs where the Federal Reserve's Jerome Powell is due to deliver a key speech.

Foreign direct investment from China has continued to flow into Vietnam, according to the Ministry of Planning and Investment.

There remains ample room for Vietnam and China to cooperate in trade and investment, according to Chinese experts.

The Nigeria Customs Service has announced the implementation of a 0% import tax rate and exemption of value-added tax (VAT) on a number of food items imported into Nigeria, including those from Vietnam, according to the Vietnamese Trade Office

Elite members of the Government agreed to reduce the registration fee for domestically produced and assembled cars by half.

Businesses in HCM City have received support to access favourable loans to bolster production and operation activities, a top official said.

The Ministry of Transport plans to disburse 75.824 trillion VND (3.03 billion USD) or 98.5% of the allocated public investment to the ministry this year, according to the Department of Planning and Investment's report.

Total assets of the Vietnamese credit institution system by the end of June 2024 reached more than 21.07 quadrillion VND, an increase of 4.97% compared to the end of 2023, the State Bank of Vietnam’s latest data show.

Vietnam’s rice industry is experiencing a golden period, with exports projected to surpass 5 billion USD this year, fueled by robust global demand and stable prices, according to experts.

Retail petrol prices have increased since Thursday afternoon following the latest price adjustment by the Ministry of Industry and Trade and the Ministry of Finance.

Japan's economy has rebounded, government data showed Thursday, in welcome news for its next prime minister following Fumio Kishida's decision to quit.

More than 17,100 apartments and land plots of real estate projects across the country remain on the market in the second quarter of this year, with land plots and houses doubling that of apartments, the Ministry of Construction reported.

The Ministry of Industry and Trade is set to increase export turnover by roughly 6%, and maintain a trade surplus of about US$15 billion next year.