Economy

Bangladesh will import 100,000 tonnes of white rice from Vietnam to meet the demand and stabilise the domestic food market.

With his unique agricultural mindset, Mr. Nguyen Van Lu (born in 1955, residing in Binh Hoa hamlet, Binh Tinh commune, Tan Tru district, Long An province) succeeded in develop his family's economy.

Western Vietnam is known as a fertile land with simple, generous, and loyal people. We had the opportunity to meet such farmers, who produce organically to contribute to protecting health of consumers.

The RoK’s registered investment in Vietnam hit 1.25 billion USD in January alone, much higher than the figure of 93.46 million recorded in January last year.

In 2024, fresh coconut and coconut product exports surpassed 1 billion USD, marking the highest figure in the past 14 years.

It is estimated that if low-value goods worth less than 1 million VND are subject to a 10% VAT rate, State budget revenue could increase by around 2.7 trillion VND (105.6 million USD).

MARD’s supply and demand report sent to the Ministry of Industry and Trade (MoIT) projects the Mekong Delta will cultivate 3.78 million hectares of rice, yielding more than 23.96 million tonnes.

Looking ahead to 2025, key agricultural products are expected to maintain their high export increase, after reaching impressive export growth in 2024.

By the end of January 2025, Long An province disbursed 95.68% of the assigned capital plan.

The US is now Vietnam's fifth-largest import market, with five import categories exceed 1 billion USD, namely chemicals, animal feed, plastics, materials, and machinery.

The price hike is largely driven by tightening Arabica supply from Brazil—the world’s largest producer—as the country’s harvest season concludes. Meanwhile, farmers are holding back stock, anticipating further price increases.

The MoIT's draft proposal to develop the Law on E-commerce will be included in the National Assembly's law and ordinance development programme in 2025.