Economy

Vietnam has recorded 11.8 billion USD in agro-forestry-fisheries trade surplus over the first eight months of 2024, surging 68.4% year on year, reported the Ministry of Agriculture and Rural Development (MARD).

The Vietnamese government has announced a temporary 50% reduction in registration fees for domestically produced and assembled cars on August 30.

On August 30, Vice Chairman Long An Provincial People's Committee - Huynh Van Son chaired a dialogue conference with enterprises operating in 4 localities: Ben Luc, Thu Thua, Tan Tru and Tan An City.

On August 29, Deputy Director of Department of Planning and Investment of Long An province - Tran Van Tuoi organized a delegation to visit, encourage and survey enterprises in Ben Luc district.

The Vietnam Coconut Association has forecast that coconut exports will hit 1 billion USD this year, driven by the signing of a protocol for official export of fresh coconuts to China.

Prime Minister Pham Minh Chinh on August 27 signed a directive on the development of the domestic consumption, production-business, and market.

Indonesia has increased its rice import demand by 30,000 tonnes in August compared to the previous month, bringing the total to 350,000 tonnes.

The credit rating organisation Moody's has forecasted a positive economic outlook for the Asia-Pacific region in 2025, with accelerating growth in Southeast Asia, and Vietnam is expected to benefit notably from this trend.

The State Bank of Vietnam (SBV) is pushing all credit institutions to go green in terms of banking and credit.

The Republic of Korea (RoK)’s Ministry of Agriculture, Food and Rural Affairs (MAFRA) announced on August 26 that it will send a delegation of 15 Korean companies, specialising in exporting agricultural equipment, to Vietnam.

With this result, Long An is one of the top localities in the country in attracting FDI in both capital and number of projects.

In recent years, the crop industry has demonstrated its crucial role in ensuring national food security, job creation, and increasing farmer incomes.