Economy

Among Southeast Asian financial hubs, HCM City ranks below Singapore, Kuala Lumpur (Malaysia), Bangkok (Thailand), and Jakarta (Indonesia), but stands above Manila (The Philippines).

The survey findings released in Ho Chi Minh City on March 21 show that the growth momentum is expected to accelerate in 2025, with 92% of small businesses expecting to grow, the highest projection among 11 markets surveyed.

The two-month trade reached over 6.57 billion SGD (approximately 4.91 billion USD), solidifying Vietnam’s position as Singapore’s ninth largest trading partner.

With nearly one million businesses and around five million business households, the private sector contributes approximately 51% of the country's Gross Domestic Product (GDP) and over 30% to the State budget.

Long An province proactively implements many tasks and solutions to improve the effectiveness of state management in the environmental field, aiming for a sustainable environment in the current period as well as in the future.

Chairman of the Vietnam Sugarcane and Sugar Association Nguyen Van Loc said that in February, sugar prices in Vietnam dropped sharply due to weak post-Tet (Lunar New Year) market demand, while supply remained abundant.

Vietnam’s trade volume is forecast to grow at a compound annual rate of 6.5% from 2024 to 2029, up from 6.2% in the 2019-2024 period.

According to the Department of Finance of Long An province, up to now, the province has attracted 1,399 foreign direct investment (FDI) projects with registered investment capital of more than 12.7 billion USD.

According to the department, 130 foreign suppliers, including Google and Facebook, have registered, declared, and paid taxes through the electronic tax portal for foreign providers, contributing a total of 2.91 trillion VND.

Takashi Takanashi, head of the Spice House Co.said his company is receiving increasing requests for Vietnamese rice, he said.

Vietnam exported 65.2 billion USD worth of products in January-February, a 9.9% increase compared to the same period last year. Meanwhile, imports totaled 62.9 billion USD, rising 16%.

At this time, many localities in Long An province are entering the 2024-2025 Winter-Spring rice harvest period - the most important rice crop of the year.