When he became an engineer for leading semiconductor company Renesas, Tran Dac Khoa did not expect to wait for five years to design his first chip. The job, listed in a daily newspaper, came with a short description about the Japanese-owned company, one of the world’s top 10 chipmakers. In 2004, when Renesas opened an […]

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Vietnam’s economic growth is expected to pick up in 2024, driven by a rebound in manufactured exports and tourism, and recovering consumption and business investment, the World Bank (WB) said on August 26 in a new report.   A woman works in a garment factory in Da Nang City, central Vietnam, in June 2024. Photo […]

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The U.S. dollar fell against the Vietnamese dong Tuesday morning to the lowest since April 2 but gained slightly in other markets.   An employee counts U.S. banknotes at a bank in Hanoi. Photo by VnExpress/Giang Huy  Vietcombank brought its rate down by 0.2% to VND25,000.   The State Bank of Vietnam set its reference […]

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Around 44% of Singapore residents believe they will never achieve financial freedom, partly due to insufficient income and debts, a survey has found. 29% say they will be able to achieve financial freedom eventually, while 27% say they have achieved it, according to a recent survey by insurer Singlife.   Respondents on average say they […]

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The country viewed as a potential new semiconductor production hub of the world in 2024-2030 period.   Foreign investors have shown increasing interest in the semiconductor industry of Vietnam with the expansion of investment in many projects. The country is viewed as a potential new semiconductor production hub of the world in 2024-2030 period. In […]

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Vietnam’s export value to this market totalng $1.36 billion.   Vietnam-Russia trade turnover was estimated at $2.7 billion in the first seven months of the year, surging 45% year-on-year, the Government News quoted figures from the General Department of Vietnam Customs as reporting. Vietnam’s export revenue to Russia reached $1.36 billion, a year-on-year increase of […]

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Over 30,000 food and beverage outlets closed down in the first half of 2024 as consumers cut down on visits to cafes, a company that consults the industry said. There were 304,700 food and beverage outlets as of June-end, down 3.9% from the end of last year, iPOS said in a report. There was a […]

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Vietnam’s exports to Russia surged by 46% year-on-year, reaching US$1.36 billion in the first seven months of this year, with seafood and steel experiencing triple-digit growth. Steel exports topped the list, skyrocketing by 166% to US$698 million, followed by seafood, which saw a 105% increase to US$117 million, according to Vietnam Customs data.   Vietnamese […]

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Vietnam ranking as Singapore’s 12th largest trading partner.   The two-way trade revenue between Vietnam and Singapore reached SGD18.32 billion (over $14.4 billion) in the first seven months of the year, rising 9.02% compared to the same period of 2023, according to the Vietnam Trade Office in Singapore. Of which, Vietnam’s exports to Singapore totaled […]

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Minister of Industry and Trade Nguyen Hong Dien said that the ministry threw its weight behind a US$4.6-billion offshore wind farm project that a German company looks to build in Binh Dinh Province, south-central Vietnam during his working session with the province’s leaders on Friday last week.    Minister of Industry and Trade Nguyen Hong […]

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