Economy

Retail petrol prices reduced by more than 600 VND per litre from 3pm on March 21 following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance.

Vietnamese rice exports have been increasing significantly in the first months of 2022, signalling a favourable year for the country’s produce.

The Middle East market still has a large room for Vietnamese businesses to boost exports.

The Ministry of Industry and Trade (MoIT) has stepped in to help Vietnamese cashew nut exporters handle the suspected scam in Italy.

The industrial real estate market is expected to boom thanks to good signs in foreign direct investment (FDI) and the resumption of international flights, predicted experts from Savills Vietnam.

Vietnam’s exports of wood and wooden products are expected to rake in 18.5 billion USD in 2025 and 20.4 billion USD in 2030, per a project freshly approved by Deputy Prime Minister Le Van Thanh on March 10.

In order to develop agriculture, improve incomes and living standards for farmers, in recent years, Long An province has converted a lot of inefficient rice land to other crops for high economic efficiency and more sustainability.

In order to increase the OCOP product grade, the manufacturing unit must invest and improve technology in production, distribution, etc. to improve the quality and level of the product.

The Provincial People's Committee has just held a seminar on cooperation with Korean businesses and launched the Korea Chamber of Commerce and Industry in Long An.

Diversifying markets will help Vietnam mitigate the potential negative impacts of the conflict between Russia and Ukraine on agri-forestry-fishery trade, according to the Ministry of Agriculture and Rural Development.

An investment promotion forum to introduce potential and chances of Vietnam’s economic fields was held in Frankfurt, Germany, on March 8, seeing the participation of nearly 300 delegates.

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,171 VND/USD on March 8, up 12 VND from the previous day.