Business

Vietnam raked in more than US$3 billion from exporting 862,400 tonnes of coffee between the beginning of the year and mid-June, with Germany emerging as the largest importer, according to data from the General Department of Vietnam Customs.

Sleeper train tickets from Hanoi and HCM City to tourist spots have been sold well during the peak summertime.

Many foreign electric vehicle manufacturers have introduced their new models in the domestic market at attractive prices, competing with Vietnamese-made options.

Vietnam’s GDP growth in the second quarter of the year is forecast to moderate to still-strong 5.3% from 5.7% in the first quarter, according to the Standard Chartered Bank’s recent macro-economic updates about Vietnam.

There have been notable advancements in the assessment of Vietnam’s stock market, the recent MSCI report for June 2024 showed.

Vietnam always considers the United States a strategically important partner and is ready to work with the US to promote the effective, stable and substantive development of the comprehensive strategic partnership between the two nations.

Daily electricity consumption in Vietnam has reached a new record amid the intense hot weather.

Vietnam's pepper prices have continued increasing amid the higher demand but lower supply.

Pacific Airlines will return to operations on June 26 with an aircraft transferred by its parent company Vietnam Airlines Group.

Vietnam sent more than 78,000 labourers to work abroad so far this year, with Japan receiving the largest number, according to the Department of Overseas Labour under the Ministry of Labour, Invalids and Social Affairs.

Exports by provinces and cities in the southeastern key economic region have grown strongly so far this year.

Domestic retail prices of petroleum products in Vietnam rose at 3 pm today, June 20, following the adjustment jointly decided by the Ministry of Industry and Trade and the Ministry of Finance.

Vietnam’s exports expanded about 13.8% year-on-year in the first half of this year, and imports rose 18.4%, according to the Ministry of Industry and Trade’s Planning and Finance Department.

The Ministry of Finance is to start a process to study the effect of a tax on gold transactions, said deputy minister of finance Nguyễn Đức Chi.

The four state-owned banks Agribank, BIDV, VietinBank and VietCombank have been allowed to sell SJC-branded gold on their website.

Equities rose across most of Asia on Wednesday following yet another record day in New York fuelled by data that boosted US interest rate cut hopes, though expectations were tempered by cautious comments from Federal Reserve officials.

Foreign developers have dominated the modern warehouse market in Vietnam, accounting for over 75 per cent of the country’s market share by the end of 2023.

With signs of recovery ahead in both demand and import prices in major markets, the seafood industry aims to achieve an export turnover of US$10 billion this year, according to the Vietnam Association of Seafood Exporters and Producers.

Commercial banks have been holding back on increasing their foreign ownership ratio, or foreign room, to wait for suitable strategic buyers in the future, according to industry leaders and insiders.