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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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The German Business Association (GBA) has launched its 2024 action plan with enthusiasm and groundbreaking commitments to strengthen the bilateral economic relations between Vietnam and Germany.    The GBA board of directors at its annual general meeting 2024, held concurrently in Hanoi and Ho Chi Minh City  Under the leadership of the newly elected board […]

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Vietnam was represented by six billionaires among the 2,781 wealthiest individuals worldwide, as revealed in the 2024 Forbes list of the world’s richest people on Tuesday.   Pham Nhat Vuong, chairman of Vietnamese conglomerate Vingroup, who leads the six Vietnamese billionaires named in the 2024 Forbes list of the planet’s richest people  Leading these Vietnamese […]

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State budget revenue from exports and imports in the first quarter of this year reached VND88.35 trillion ($3.53 billion), down 4.2% year-on-year, the General Department of Vietnam Customs reported Wednesday.    Containers seen at Tan Vu Port in Hai Phong City. Photo by VnExpress/Giang Huy  Three-month exports fetched $93.06 billion, a rise of 17% compared […]

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The US website finance.yahoo.com placed Vietnam 6th among the fastest growing economies in Asia in 2024 in its article published on April 4. Customers shop in a supermarket in Ho Chi Minh City. Photo by VnExpress/Thanh Tung The article cited projections for Vietnam’s real GDP growth to reach 5.8% and per capita GDP growth at […]

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Ho Chi Minh City saw 16,161 firms newly established or resuming operations between January and March, while some 16,180 enterprises left the market during the period, according to the city’s Statistics Office.   An employee is at work at a factory in Ho Chi Minh City. Photo: Ngoc Hien / Tuoi Tre  It meant that in […]

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