Gold prices have risen 15-22% this year, making it the best performing asset class. Bullion prices were up 14.8% to a historic high of VND85 million (US$3,373.7) per tael of 37.5 grams last week. Pure gold rings appreciated by 22.3% to VND78 million.   In comparison, bank deposits yielded 1.23% — for a 12-month term […]

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Food exporters are seeing a recovery in orders though admittedly they have yet to climb back to the levels of past years.    Cai Mep Terminal in Ba Ria – Vung Tau Province. Photo by VnExpress/Dang Khoa  “We have gotten orders worth tens of millions of dollars so far this year,” Le Thi Giau, chairwoman […]

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Prime Minister Pham Minh Chinh greeted Apple CEO Tim Cook at the Government Office in Hanoi on Tuesday, suggesting Apple help Vietnam with green growth. Cook arrived in the capital city of Vietnam on Monday morning for his two-day business trip.   Apple CEO Tim Cook gestures during a meeting with Vietnamese Prime Minister Pham Minh […]

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Amidst geopolitical shifts and a focus on renewables, Prime Minister Pham Minh Chinh met with the head of Russia’s Zarubezhneft to bolster their decades-long oil and gas cooperation and discuss potential wind energy ventures.   Prime Minister Pham Minh Chinh pledged his government’s support for mutually beneficial cooperation in the oil, gas, and energy sectors. […]

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PM Pham Minh Chinh lauds military telecom giant’s advancements in high-tech defense production, assigning the critical task of developing a domestic chip industry.   Vietnamese Prime Minister Pham Minh Chinh made a high-profile visit to the Military Industry and Telecommunications Group (Viettel) in Hanoi on April 9th. (Photo source: VOV) Vietnam’s Defense Modernization Drive Gains […]

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EuroCham’s latest Business Confidence Index reveals surging optimism within the European business community, positioning Vietnam as a favored investment destination. Yet, regulatory hurdles need tackling for the country to reach its full potential.   Illustration European businesses are signaling renewed confidence in Vietnam’s economy. This resurgence in optimism is reflected in the European Chamber of […]

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Vietnam’s livestock product exports increased by 4.8% year-on-year to US$113 million in the first quarter, according the Ministry of Agriculture and Rural Development (MARD).    A pig farm in Gia Lai Province. Photo by VnExpress/Thi Ha  Import turnover of livestock products in the first quarter was estimated at about $702 million, down 6.7% compared to the same […]

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Vietnam’s economic growth is predicted at 6.0% for 2024 and 6.2% for 2025 amid ongoing external uncertainties, the Asian Development Bank (ADB) said at a conference in Hanoi Thursday.    Containers seen at Tan Vu Port in Hai Phong City. Photo by VnExpress/Giang Huy  At the event, Nguyen Ba Hung, ADB Chief Economist in Vietnam, […]

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While many banks have reduced deposit interest rates in the last month, some have raised them slightly amid a slowdown in deposit inflows. Six lenders, VPBank, SHB, Eximbank, HDBank, MSB, and Kienlongbank, have hiked the rates. VPBank’s rates are now 0.1-0.5 percentage points higher across the board while the others only raised them by 0.2 […]

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Vietnam ranked 35th in the world’s top 40 countries with the largest gross domestic product (GDP) last year, an encouraging achievement in the Southeast Asian nation’s economic recovery and development, but more should be done to foster stronger growth and higher competitiveness for the national economy, experts have said.   Workers are seen assembling doors for […]

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