Business

Durian prices have sharply fallen as the Central Highlands region durian hub has entered its main harvesting season.

The southern province of Tay Ninh introduced its tourism potential and investment opportunities to diplomats and businesses of 15 countries at a meeting in Tay Ninh city on August 22.

Domestic retail petroleum prices fell at 3 pm today, August 22, after a decision by the Ministry of Industry and Trade and the Ministry of Finance.

A new night food street, to make its debut in Ho Chi Minh City’s District 7 on August 30, is expected to be a new driver for the development of the city’s night economy.

The total import-export turnover between Vietnam and Singapore surged 20.91% year-on-year to more than 3.1 billion SGD (about 2.3 billion USD) in July, according to the Vietnam Trade Office in Singapore.

Stocks fluctuated in Asia on Thursday after Wall Street returned to winning ways on the back of softer-than-expected jobs data and minutes showing some Federal Reserve officials were open to an interest rate cut at their meeting last month.

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.