Vietnam’s fisheries exports in the first half of 2024 were worth US$4.4 billion, up 6% year-on-year on higher demand in major markets like the U.S., China and the EU.   Fishermen in central city of Da Nang transport tuna fish. Photo by VnExpress/Nguyen Dong  Key items such as shrimp, pangasius and tuna did well, the […]

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The Vietnamese government has set a goal to bring GDP per capita to $7,500 by 2030, up 75% from 2023.   A man works in a tunnel shell factory in northern Vietnam. Photo by VnExpress/Pham Chieu  GDP per capita rose 1.6% to $4,284.5 last year, according to the General Statistics Office. S&P Global Ratings expects […]

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Ho Chi Minh City received US$5.178 billion in remittances from abroad during the first half of 2024, up 19.5 percent year on year and equal to 54.7 percent of the figure for the entirety of 2023.   Remittances to Ho Chi Minh City in the January-June period of 2024 rose over 19 percent year on […]

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The Business Confidence Index (BCI) of European businesses in Vietnam declined slightly in the second quarter of 2024, but 70 percent of them expressed optimism about the Southeast Asian country’s economic growth in the next five years, according to a report from the European Chamber of Commerce in Vietnam (EuroCham).    This illustration shows representatives […]

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Digital economy accounting for 18.3% of GDP. in the period.   Vietnam’s information and communications sector earned revenue of more than VND2 quadrillion ($78.5 billion) in the first six months of the year, soaring 24.5% compared to the same period of 2023, figures from the Ministry of Information and Communications (MIC) show. The sector contributed […]

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Economic diplomacy yeilding positive outcomes with the signing of many cooperative agreements with internnational partners.   Prime Minister Pham Minh Chinh chairing the teleconference with heads of Vietnamese representative agencies abroad in Hanoi on July 18. Photo: VGP Prime Minister Pham Minh Chinh has requested Vietnamese representative agencies abroad to continue taking measures to promote […]

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The Asian Development Bank (ADB) has revised its economic growth forecast for developing Asia slightly up thanks to stronger domestic demand and export growth.   Customers shop at a supermarket in Ho Chi Minh City. Photo by VnExpress/Thanh Tung  In the latest edition of Asian Development Outlook, which was released on July 17, the financial […]

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The Southeast Asia Clean Energy Facility II (SEACEF II) has invested US$10 million in Nami Distributed Energy, which is headquartered in Ho Chi Minh City and Hanoi, to promote innovative distributed energy solutions.   A solar power project that Nami Distributed Energy developed at Viet Thang Corporation in Ho Chi Minh City.  Singapore’s fund manager […]

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Container leasing companies worldwide are buying international-standard containers produced in Vietnam, against the backdrop of the global container shortage driving up sea freight rates.   A container forklift truck is seen operating at a container yard in Vietnam. Photo: A.N. / Tuoi Tre  Recently, container freight rates on many routes to the U.S. have soared […]

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Power consumption hitting a new record of 1.02 billion kWh per day on June 14.   Total electricity generation and import in the first six months of this year reached 151.74 billion kWh, a year-on-year increase of 12.4%, according to Vietnam Electricity  (EVN). During the period, the electricity consumption across the country reached a new […]

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