Business

Petrol prices were adjusted down from 3 p.m. on August 1 by the Ministry of Industry and Trade, and the Ministry of Finance, the fourth time in a row.

Cambodia has become one of the ten most significant markets for Vietnamese durian. In the first half of this year, Cambodia spent USD 1.6 million buying the fruit, up 23-fold from last year.

Most equity markets rose Thursday after the Federal Reserve flagged a possible interest rate cut next month, but Tokyo's Nikkei tumbled on a stronger yen following a hike by the Bank of Japan.

The General Administration of Customs of China has approved Vietnam’s sample quarantine certificate of live monkeys, paving the way for the export of the animal from Vietnam to China for scientific research.

Prime Minister Pham Minh Chinh has called on businesses of Vietnam and India to expand cooperation, striving to soon raise two-way trade turnover between the two countries to US$20 billion in the coming time from nearly US$15 billion recorded

Since Vietnam and India established a comprehensive strategic partnership in 2016, two-way trade has increased 2.5fold to nearly 15 billion USD in 2023, while there remain great potential for investment and trade cooperation between the two countries.

The yen extended its rally against the dollar Wednesday ahead of a much-anticipated Bank of Japan announcement, with debate centred on whether it will hike interest rates, while equities mostly rose on growing hopes for a cut in US

Farmers in the Central Highlands province of Kon Tum have worried over the falling prices of durians over the past few weeks.

Vietnam’s total retail sales of consumer goods and services saw a year-on-year increase of 8.7% to 3.6 trillion VND (143.3 million USD) during January – July, the General Statistics Office said.

The Vietnamese stock market has evolved significantly from its earlier rudimentary state.

With significant strides in mechanical engineering, particularly in agriculture, Vietnam is now working to increase the localisation rate in industrial production.

Vietnam’s consumer price index soared 4.12% in the first seven months of the year, which is bringing to bear pressure on national inflation.

Total registered foreign capital in Vietnam during January – July amounted to more than 18 billion USD in Vietnam, a year-on-year increase of 10.9%, according to the Ministry of Planning and Investment’s Foreign Trade Agency.

Vietnam has seen a robust increase in the inflow of the foreign investment despite global geopolitical uncertainty, affirming foreign firms’ sentiments in the Southeast Asian market, according to insiders.

Rice exports could bring in a record turnover of 5 billion USD this year if the pace of shipment is maintained like at present, according to Vu Tuan Anh, CEO of GLE company, a rice exporter.

The US Commerce Department has delayed a decision on whether to upgrade Vietnam to market economy status by about a week, due to the IT disruptions from the CrowdStrike software problems.

Vietnam attracted more than US$18 billion in foreign direct investment during the past seven months of the year, according to details given by the Foreign Investment Agency.

Southeast Asia's biggest ride-hailing and food delivery firm Grab has called off plans to acquire a Singapore taxi company, the city-state's competition watchdog said Thursday.

Vietnamese consumers spent 143.9 trillion VND buying 1.53 million items on five e-commerce platforms in the first half of this year, according market analysis firm Metric.