Why has seafood export to China not yet made a breakthrough?
Statistics from China Customs show that the country's seafood import demand is recovering strongly after opening in early 2023. However, Vietnam's seafood exports to this market have not recovered yet. This can be explained by market factors as well as internal reasons
RCEP officially comes into full and comprehensive effect
The Regional Comprehensive Economic Partnership (RCEP) officially entered into full force on June 2, 2023. This event marks the full effect of this Agreement for the 15 signatories.
EU adopts new law, Vietnam’s coffee exports face challenge
Coffee prices are soaring in the domestic market. However, producers and exporters are worried as the EU has adopted the EU Deforestation Regulation (EUDR) which may affects Vietnam’s exports to the market.
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.
Banks redeem bonds before maturity
HCMC – Many local banks have bought back their bonds before maturity while others have launched new bond issues this month, according to the Thanh Nien news site. VietinBank has recently redeemed VND800 billion worth of bonds which were issued on June 13, 2018 at a face value of VND1 billion each.
Gov’t removes condo ownership time limit from draft law
HCMC – The Government has agreed to remove the time limit on apartment ownership from the draft of the revised Law on Housing, according to the construction minister. Speaking at the NA’s sitting today, June 19, Minister of Construction Nguyen Thanh Nghi acknowledged that setting a duration for
Momo and ZaloPay dominate cashless payments in Vietnam
HCMC – MoMo and ZaloPay e-wallets accounted for the highest share of the Vietnamese e-wallet market in the first quarter of this year, with 68% and 53%, respectively, according to a Connected Consumer report. The report also highlighted other popular e-wallets such as ViettelPay, ShopeePay, VNPay,
Vietnam’s first batch of lychees arrives in UK
HCMC – Vietnam’s TT Meridian has sent the first shipment of seedless lychees to the UK, which arrived in the Western European market on June 16, the Vietnam News Agency reported. This is the fourth Vietnamese specialty fruit to be exported to the UK under the official quota this year after Tan Lac