Business

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.

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

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 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.

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

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.

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.

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

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).

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.

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.

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.

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.

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”.

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.

The VN-Index surged towards its previous peak with gains in four out of five sessions. Various sectors took turns rallying in the first three sessions of the week, pushing the index beyond the 1,280-point level. In fact, the movements

In recent years, the crop industry has demonstrated its crucial role in ensuring national food security, job creation, and increasing farmer incomes.

Malaysia began exporting fresh durians to China on August 24, two months after the two countries signed a protocol on phytosanitary requirements for the export of the fruit to China, according to Deputy Agriculture and Food Security Minister Datuk

In the overall long-term plans for Vietnam’s transport network, the Ministry of Transport has said priority will be given to developing and funding the national railway.