Economy

Due to the complicated situation of Covid-19 epidemic, unfavorable weather, drought and saltwater intrusion, the coming Summer-Autumn crop has to ensure food for consumption and export.

Long An Department of Planning and Investment informed that newly established businesses in the province increased in the first quarter of 2020 while the registered capital decreased over the same period.

The Ministry of Finance (MoF) has suggested suspending exports of low-grade rice until June 15 to ensure purchase for the national reserves.

Long An Department of Industry and Trade informed that export turnover reached about 1,400 million USD in the first quarter of 2020, up 6 percent over the same period in 2019.

Chairman of Long An People's Committee - Tran Van Can has just issued a decision promulgating criteria and a list of typical products in the province.

Over the past time, promoting high-tech application in agricultural production helped many households in Long An province develop production and improve their incomes.

Four Vietnamese entrepreneurs have been named in the list of the world’s richest people in 2020 by Forbes magazine.

Vietnam’s tra fish exports to some major markets like the US and China are gradually increasing though the fisheries industry is still struggling to cope with the fallout of the COVID-19 pandemic.

Chairman of Long An Provincial People's Committee- Tran Van Can has just sent a petition to the Prime Minister and the Ministry of Industry and Trade for the mechanism of re-exporting sticky rice without quantity limit.

The price of pepper and cashew in southern Vietnam is falling as demand has dropped due to the COVID-19 crisis, affecting farmers and businesses.

The Vietnam Oil and Gas Group (PetroVietnam) has reported that its exploitation of crude oil in the first quarter of 2020 exceeded the target by 10 percent.

The domestic real estate market in the first quarter had the lowest transaction volume in the past four years due to the impact of the COVID-19 pandemic, the Vietnam Association of Real Estate Brokers (VARS) said.