Interest rate cut expected to pump economy up
The State Bank of Vietnam (SBV) is cutting down a series of key interest rates by 0.25%-0.5% from June 19, which is expected to make a double impact on the economy thanks to stronger credit activities and higher liquidity.
EFTA and Thailand move forward in 5th round of free trade agreement negotiations
Delegates from EFTA – Iceland, Liechtenstein, Iceland, Norway and Switzerland – and Thailand convened in Oslo from June 13 to 16 2023 for the fifth round of negotiations towards a comprehensive free trade agreement.
Vietnam pangasius exports in the first 4 months of 2023 recorded negative growth in many markets
In the first 4 months of 2023, Vietnam pangasius exports brought in nearly 570 million USD, down 41% compared to the same period last year. The world market is still heavily affected by inflation and economic slowdown, causing a decrease in seafood consumption demand, leading to a decrease in the
Chinese increased demand boosts Vietnam's durian exports
Vietnam’s durian export value reached more than US$500 million in the first five months, an increase of more than 18 times against the same period last year.
Indonesia sharply increases agricultural imports from Vietnam
So far this year Indonesia has imported 15 times the rice it did from Vietnam last year and nearly triple the coffee due to unfavorable weather.
Thanh Hoa, Vietnam: Expanding seedless lychee growing area for export
The first cargo of 1.1 tons of seedless lychee from Thanh Hoa, according to Mr. Cao Van Cuong, Director of Thanh Hoa Department of Agriculture and Rural Development, was recently sent to Japan and the UK.
Singapore warns U.S., EU chip subsidies will ‘drive up costs’
Both Singapore and Malaysia produce a disproportionately large amount of the world’s semiconductors.
Global Rate-Hike Endgame Is Now Haunted by Recession Worries
Investor fears of mounting economic damage are threatening to overshadow the next round of interest-rate hiking all but promised by central bankers from Washington to Frankfurt.
Investments - key to economic growth in Việt Nam: WB expert
Andrea Coppola, World Bank Lead Economist for Viet Nam speaks to Vietnam News Agency about his recommendations for the country to speed up economic recovery and development in the time to come.
Global demand decline denting exports and budgets
A go-slow-down in global demands is predicted to linger, making it difficult for Vietnam to expand exports this year, while also affecting the country’s state budget revenues.
Domestic businesses striving to overcome technical barriers in exports
The EU’s latest adjustments in quality inspection of imported processed food and produce from Vietnam show looser regulations. This means Vietnam’s exported merchandise has improved quality, safety, and hygiene.
‘Free trade agreements cause customs tax revenue loss but exports increase’
The implementation of free trade agreements (FTAs) and regional mega trade pacts have resulted in a loss of custom taxes for Cambodia, but has also boosted investment flows, created jobs, and increased exports, said Kun Nhem, director-general of Customs and Excise, while speaking at a workshop
“Golden time” for Vietnam’s lychee exports coming: experts
July marks the end of the lychee season in China but the main harvest in Vietnam. Therefore, domestic firms are advised to optimize this opportunity to boost exports to the neighbouring country.
Japan becomes the largest market for Vietnamese seafood
Over the years, Japan has always been the second-largest market for Vietnamese seafood, after the US. But in the first half of this year, Japan became the largest export market.
Pass-through of China trade war tariffs to US importers “astonishing”: report
US importers have borne almost the complete burden of tariffs placed on Chinese goods amid the long-running tit-for-tat trade war between the two global powers, according to a report from the economy, politics and society (EPoS) research centre at the universities of Bonn and Mannheim.
Vietnam, RoK intensify trade cooperation
Vietnam and the Republic of Korea (RoK) have become top important partners of each other in various fields, with economic, trade and investment cooperation serving as both pillar and primary driver of their increasingly growing relationship, said Vietnamese Minister of Industry and Trade Nguyen