Economy

The upcoming state visit to China by Party General Secretary and State President To Lam and his spouse is expected to become a new milestone in the Vietnam-China relationship.

China has emerged as the sixth largest investor in Vietnam, with new projects surging sevenfold, reported the Ministry of Planning and Investment’s Foreign Investment Agency.

On August 15, the Standing Committee of the Long An Provincial Farmers' Association launched the "Festival to introduce OCOP products and typical agricultural products of Long An province in 2024".

On August 15, Long An Department of Industry and Trade coordinated with the Southern E-commerce Center - OSB Group to organize a seminar on Digital transformation in e-commerce - supporting businesses to list on Alibaba.

Vietnam’s rice industry is experiencing a golden period, with exports projected to surpass 5 billion USD this year, fueled by robust global demand and stable prices, according to experts.

Shipping fees for major routes from Vietnam to the EU and the US have surged significantly, cutting into exporters' profits as they have had to spend thousands of dollars in additional cost, said industry insiders and experts.

Currently, enterprises in Long An province are proactive and flexible in operations, changing production and business strategies to create revenue and jobs for workers.

From August 10 to August 18, 2024, the "Pride in Vietnamese Goods" Trade Fair was jointly organized by Long An Standing Committee of the Vietnam Fatherland Front Committee and the Department of Industry and Trade.

Vietnam’s export turnover of processed and manufactured industrial goods hit nearly 192 billion USD in the first seven months of 2024, accounting for 84.6% of the total export value, up 15.4% year-on-year.

At the beginning of the week, coffee prices continued their downward trend, averaging at 118,400 VND (4.75 USD) per kilo in the Central Highlands - the largest coffee growing area in the country, according to giacaphe.com.

According to the Department of Industry and Trade of Long An, the import-export turnover in the first 7 months of 2024 in the province is estimated at more than 7.1 billion USD.

Since the beginning of 2024, Long An province's functional agencies have inspected and reviewed the progress of 49 investment projects.