Economy

Việt Nam's GDP hits 10-year high of 7.72% in Q2

The Vietnamese economy expanded at 7.72 per cent in the second quarter of this year, higher than the growth rates in the same quarters during the 2011-2021 period, the General Statistics Office (GSO) reported at a press conference on Wednesday.

Economy

Supply stays ample, fuel prices likely rise in 2nd half of 2022

Supply of goods and services for the domestic market during the first half of the year has been ample with a slight uptick observed for a number of commodities, said the Ministry of Industry and Trade (MoIT) during a conference in Hà Nội yesterday.

Economy

Local enterprises lack materials due to China's 'Zero COVID' policy

While many exporters and producers had orders for 2022, they are worried about a possible shortage of production materials because of supply disruptions from China.

Economy

Policy changes needed for refineries to keep high capacity

There has been increasing pressure on refineries to increase production as petrol prices continued to spike in recent months, according to Bùi Ngọc Dương director-general of Binh Son Refining and Petrochemical JSC (BSR)

Economy

Central bank sold roughly $7 billion to stabilise forex market

The State Bank of Việt Nam (SBV) sold about US$7 billion in the first five months of this year to balance the supply and demand sources of the greenback in the domestic forex market, according to the Viet Dragon Securities Corporation (VDSC).

Economy

Việt Nam becomes major supplier of farm produce to UK

Việt Nam has emerged as a major Southeast Asian supplier of farm produce and aquaculture products to the UK following the UK-Vietnam Free Trade Agreement (UKVFTA) they signed, speakers said at a conference on Thursday.

Economy

VN medicinal herbs have potential to expand in Japan

There was large potential to increase export of medicinal herbs to Japan while several Japanese pharmaceutical companies were eyeing to buy herbs from Việt Nam, according to the Việt Nam Trade Office in Japan.

Economy

Consultation workshops aim to boost exports to Laos, Thailand, Cambodia

The Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade will host a consultation workshop in the southern province of Tây Ninh on June 21 for exporters interested in the markets of Laos and Thailand.

Economy

Việt Nam, Malaysia partner in promoting timber trade

The timber industries of Việt Nam and Malaysia have signed a Memorandum of Cooperation (MoC) to further develop timber trade in both countries.

Economy

Tech important to promoting dairy industry

Việt Nam had large room to promote the dairy industry with the application of technology in farming and processing to establish value chain, given the rising demand for dairy products in the domestic and global markets, according to the Việt Nam Ruminant Husbandry Association.

Economy

VN to increase national fuel reserves

The Ministry of Industry and Trade has put forward a proposal to increase the country's fuel reserve by as much as four times, said Lê Việt Nga deputy head of the ministry's domestic market department during a conference on Thursday in Hà Nội.

Economy

FDI lifts Việt Nam up global value chain

The opportunities are plentiful for countries to move up the global value chain, said Riccardo Crescenzi, Professor of Economic Geography at London School of Economics, at a press conference announcing the report “Climbing up global value chains: Leveraging FDI for economic development” this week.