Vietnam exported around 12,000 tonnes of tea worth over US$21 million in the first month of 2024, with Pakistan remaining the largest buyer, according to official figures. This image shows a worker processing tea for export at a tea business in Vietnam. Photo: M.V. / Tuoi Tre With these results, the Vietnamese tea sector witnessed […]

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Việt Nam has recorded a trade surplus of US$4.72 billion in the first two months of 2024, higher than the figure of $3.5 billion reported in the same period last year, according to the General Statistics Office (GSO). Cát Lái Port in HCM City. The country’s total import-export turnover is estimated at $113.96 billion, up […]

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Domestic enterprises are suggested taking advantage of global supply chain shifts as Việt Nam is emerging as an attractive investment destination for global investors. The trend of placing supply sources closer to consumer markets to minimise risks is the safest pathway to avoid interruptions. — VNA/VNS Photo HÀ NỘI — Domestic enterprises are suggested taking […]

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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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Vietnam’s national brand value skyrocketed 102 percent in 2019-23, the fastest in the world, the Vietnamese Ministry of Industry and Trade said, citing a report by the UK’s brand valuation consultancy Brand Finance. The Vietnamese national brand was valued at US$247 billion in 2019 but the figure soared to $498.13 billion last year. The country […]

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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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Vietnam ranks behind only India as the most sought-after emerging property market in the Asia Pacific, according to a recent survey by property consultancy CBRE. Buildings in Ho Chi Minh City. Photo by VnExpress/Quynh Tran The survey, which polled investors in the region in the last two months of 2023 about their investment plans for […]

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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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