Vietnam has signed and ended FTA negotiations with over 60 partners.   Export revenue to Vietnam’s Free Trade Agreements (FTAs) partners accounted for some 65% of the country’s total, according to the Ministry of Industry and Trade (MoIT). In 2023, the export revenue of the goods benefiting from preferential tariffs under FTAs reached over $86 […]

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Ho Chi Minh City ranks third in Southeast Asia in terms of startup ecosystem value, with an economic impact of over US$5 billion, according to a recent report by the U.S.-based Startup Genome, a world leading innovation ecosystem development organization.   An entrepreneur looks at a board showing information about a startup project at the […]

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The U.S. dollar fell slightly against the Vietnamese dong on the black market Saturday morning.   An employee counts U.S. banknotes at a bank in Hanoi. Photo by VnExpress/Giang Huy  Unofficial exchange points sold the greenback 0.04% lower at VND25,855. Vietcombank kept its rate unchanged at VND25,474.   The State Bank of Vietnam’s reference rate […]

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Vietnamese rice prices, which used to be the highest in the global market, have now subsided to sixth place.   Farmers plant rice in southern Dong Thap Province. Photo by VnExpress/Ngoc Tai  The country’s 5% broken rice fetched US$574 per ton May 30, lower than that of the U.S., Thailand, Pakistan, Myanmar, and India, according […]

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The HCMC economy is likely to grow at 6% in the second quarter, down from 6.54% in the first, the municipal Statistics Office has said.   A view of HCMC’s Thu Duc City in February, 2024. Photo by VnExpress/Quynh Tran The economy has not shown signs of a breakthrough this year, and the growth of […]

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Vietnam’s retail revenue has increased tenfold over the past decade, but its share of the total market lags behind its neighbors, according to an industry expert.   A Saigon Co.op supermarket in Ho Chi Minh City. Photo: Quang Dinh / Tuoi Tre  The comment was made by Nguyen Anh Duc, chairman of the Vietnam Retailers […]

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As Vietnam tackles the challenges of developing a carbon market, it remains cognizant of the finite nature of carbon credits, emphasizing the need for sustainable strategies in emission reduction and green transformation. Paddy fields in Ninh Quoi A Commune, Hong Dan District, Bac Lieu Province, southern Vietnam. Photo: Quang Dinh / Tuoi Tre The country’s […]

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Vietnam’s import of mobile phones and components reached over $3 billion during the first quarter of 2024, according to data from the General Department of Vietnam Customs.   An iPhone 14 Pro Max. Photo by Tran Hiep  The country imported more than 3.07 billion worth of mobile phones and components in the period, a 22.4% […]

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U.S. company Apple had Southeast Asia’s highest number of suppliers in Vietnam last year and fourth highest globally. There were 35 suppliers as of the 2023 financial year (which ended on Sep. 30), according to the Supplier List announced by Apple recently. In Southeast Asia, Thailand (24 suppliers), Malaysia (19) and the Philippines (17) followed […]

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Vietnam suffered nearly 26 million password attacks aimed at users and businesses last year, the highest in Southeast Asia, according to cybersecurity firm Kaspersky. It accounted for over 40% of all brute force attacks recorded and neutralized in the region, the company said in a report.   A brute force attack is a hacking method […]

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