At the 10th ACMECS Summit on November 7, PM Pham Minh Chinh emphasized the central role of ACMECS in the Mekong sub-regional cooperation.   Prime Minister Pham Minh Chinh (left) attends the 10th ACMECS Summit. (Photo: VNA) Addressing the 10th ACMECS Summit held in Kunming city in Yunnan province of China on November 7, Prime […]

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Recently, Tan Cang – Hai Phong International Container Terminal (TC – HICT) received approval for the berthing of vessels with a maximum draft of 145,000 DWT.   A view of Hai Phong Port. To optimize port operations, numerous seaport enterprises in Hai Phong city have proactively invested tens of billions of Vietnamese dong in dredging […]

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Vietnam’s economy is likely to have similar impacts whether it is Donald Trump or Kamala Harris winning the U.S. presidency, though the former could make markets volatile, analysts said. The outcome of the presidential elections, set to take place on Tuesday, is too close to call, recent polls show. But according to Michael Kokalari, director […]

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Vietnam’s e-commerce market is estimated at US$22 billion, the third largest in Southeast Asia behind only Indonesia ($65 billion) and Thailand ($26 billion). The market has grown by 18% from last year, the third fastest rate behind the Philippines (23%) and Thailand (19%), according to the annual “e-Conomy SEA 2024″ report by Google, Temasek and […]

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Vietnam and the United Arab Emirates have signed a Comprehensive Economic Partnership Agreement with the aim of increasing bilateral trade to US$10 billion.   Vietnam Prime Minister Pham Minh Chinh (L) and United Arab Emirates Vice President and Prime Minister Sheikh Mohammed bin Rashid Al Maktoum meet in Dubai, UAE on Oct. 28, 2024. Photo […]

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Vietnamese shopped for VND25.3 trillion (US$1 billion) a month on average on five major e-commerce platforms in the first nine months of this year. Shopee, TikTok Shop, Lazada, Tiki, and Sendo reported a 38% year-on-year jump in gross merchandise volume during the period to VND227.70 trillion, according to a report by e-commerce data provider Metric. […]

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Vietnam exported US$51.74 billion worth of agro-forestry-fishery products between January and October this year, marking an increase of more than 20 percent against the same period last year.     Vietnam shipped close to 7.8 metric tons of rice overseas and earned US$4.86 billion in January-October 2024. Photo: P.Quyen / Tuoi Tre  This growth was […]

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Additional FDI saw a surprising surge in September, driving total foreign investment in the first nine months to nearly $25 billion.   The Foreign Investment Agency (FIA) at the Ministry of Planning and Investment has reported that, as of September 30, total newly-registered capital, additional capital, and capital contributions and share purchases by foreign investors […]

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The U.S. dollar rose marginally against the Vietnamese dong and posted minimal changes against major peers Friday afternoon.   A packet of U.S. five-dollar bills is inspected at the Bureau of Engraving and Printing in Washington March 26, 2015. Photo by Reuters  Vietcombank sold the dollar at VND25,454, up 0.02% from Thursday.   The State […]

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Vietnam’s economy is expected to be worth US$500 billion next year to rank fourth largest in Southeast Asia, Prime Minister Pham Minh Chinh has said. It grew from $346 billion in 2020 to $433 billion last year, and the GDP is set to expand by 7% this year, exceeding lawmakers’ target of 6.5%, he said […]

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