Economy

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,112 VND/USD on July 1, up 2 VND from the previous day.

Appropriate policies and regulations are needed to help fully exploit the untapped potential in developing the maritime economy, which plays an essential role in the socio-economic development of Vietnam, according to insiders.

There were 76,233 newly-registered enterprises in the first six months of this year, an increase of 13.6% compared to the same period last year.

E-commerce is widely considered an effective and sustainable solution to help cooperatives improve their competitiveness, and boost production and exports.

The Mekong Delta will plant one million hectares of high-quality rice in the coming time with the aim to improve farmers’ income, ensure food security and serve export.

Minister of Science and Technology - Huynh Thanh Dat led the delegation to visit Huy Long An - My Binh Co., Ltd (My Binh commune, Duc Hue district, Long An province).

The Mekong Delta region is expected to develop agricultural centres in association with specialised farming zones and urban areas.

A conference will be co-held on June 23 by the Ministry of Industry and Trade (MoIT), the British Embassy in Vietnam and the British Chamber of Commerce Vietnam (BritCham).

Deputy Minister of Agriculture and Rural Development Le Quoc Doanh has stressed the need to develop Vietnamese ginseng into a product with national brand.

There remains untapped potential for Vietnam's exports of agricultural and food products to major markets in Asia, Europe and America.

Prime Minister Pham Minh Chinh has asked Minister of Industry and Trade Nguyen Hong Dien to keep a close watch on the information about oil and gas prices and Malaysia’s ability to supply the fuel to Vietnam.

The Ministry of Agriculture and Rural Development has said it is submitting a proposal to the Prime Minister for a decree on policies to encourage farm economic development.