Monthly Archives: February 2024

Thailand remains the largest importer in the bloc of commodities from Vietnam.   The Government News quoted the General Department of Vietnam Customs as reporting on February 22 that Vietnam’s trade turnover with other ASEAN member countries recorded a year-on-year increase of 35 per cent in January, reaching $6.81 billion, including $3.19 billion from exports, […]

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Increased world demand but limited supply has continued to push up prices of rice and durian, while coffee prices have set a record.   Staff check the quality of durians at a warehouse in Vietnam. Photo by VnExpress/Linh Dan Since the beginning of the year, domestic and world coffee prices have continuously created new peaks. […]

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U.S. tech giant Apple’s contract manufacturers in Vietnam plan to hire over 103,000 workers this year, mostly for their factories in northern Bac Giang Province. Foxconn, Apple’s biggest supplier, needs 15,000 workers for its plants in the Dinh Tram and Quang Chau industrial parks (IPs) in the first half of the year, and 12,000 in […]

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Only a few banks now offer more than 5% per year for deposits of 12 months or less, with the highest rate at 5.7%. Sixteen of the country’s banks lowered deposit interest rates this month, with most cutting rates for deposits of up to 12 months by 0.15-0.4 percentage points during the runup to Tet. […]

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The stock market might recover this year while the real estate, gold and cryptocurrency markets face uncertainties, experts forecast.   An employee counts Vietnamese banknotes at a bank in Hanoi. Photo by VnExpress/Giang Huy Bank deposit interest rates to stay low At the end of 2023 bank deposits increased by 14% to an all-time high […]

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