Economy

In recent months, the price of fresh cocoa has surged, reaching 12,000 VND per kg (0.48 USD) for fresh pods, three to four times higher than in previous years.

Vietnam’s import-export value is likely to touch the 800 billion USD mark by year-end, far exceeding a record of 732 billion USD seen in 2022, economic expert Dinh Trong Thinh has said.

Vietnam's overseas investment, including new and adjusted capital, amounted to 189.6 million USD, down 54.5% year-on-year, according to the Ministry of Planning and Investment’s Foreign Investment Agency.

Investment of the Republic of Korea in Vietnam has gradually expanded from heavy industries to a wide range of high-tech industries, significantly contributing to the development of the manufacturing industry.

Auto sales by members of the Vietnam Automobile Manufacturers’ Association (VAMA) reached 36,585 units in September, a 45% increase over the previous month.

Provinces, ministries and government agencies had allocated 664.9 trillion VND (26.7 billion USD) for public investment as of the end of September, showed data from the Ministry of Finance (MoF).

Bac Ninh province continued topping the nation for foreign direct investment (FDI) influx with a total of over 4.2 billion USD during January-September.

With positive results recorded in the first nine months of 2024 and efforts of businesses, experts are optimistic about the country’s bright export prospects in the rest of the year towards a historical record of 400 billion USD.

According to Deputy Director of Long An Department of Finance - Ho Quoc Cong, in the first 9 months of 2024, the province's state budget revenue reached 19,621 billion VND.

Prime Minister Pham Minh Chinh has just signed an official dispatch requiring continued support for businesses to overcome difficulties and promote production and business activities in the remaining months of 2024.

Vietnam needs breakthrough solutions to upgrade the value chains of the garment and footwear industries with the focus on achieving self-sufficiency in raw materials to increase added value and develop sustainably.

The fertiliser, retail, livestock, banking and logistics sectors are expected to witness significant profit growth in the third quarter (Q3), ranging from 22% to an impressive 1,620%, a recent report has revealed.