Economy

The Vietnamese Ministry of Finance (MoF) on December 18 said Moody's Investors Service’s decision to confirm Vietnam’s rating but change the outlook to negative was not appropriate.

In 2019, the export turnover of goods in Long An province is estimated at 5.9 billion USD, up 12.8 percent over the same period (up 17.9 percent).

By the end of 2019, the socio - economic development plan of Long An province has achieved positive results, especially in the field of economic.

Vietnam is committed to opening door for foreign investors, especially in the field of services, according to the roadmap in signed bilateral and multilateral free trade agreements.

Japanese insurer Sumitomo Life has registered to buy more than 41.4 million shares of local insurer insurance-finance-banking group Bao Viet Holdings (BVH).

The fuel price stabilization fund helps the central government manage domestic fuel prices for the foreseeable future.

Currently, in markets of Long An province, pork price ranges from 90,000 to 120,000 VND per kilo, this price has reached the highest record ever since.

Venture capital funding pouring into Vietnamese fintech companies accounted for 36 percent of the total fintech investment in Southeast Asia.

Vice Chairman of Long An Provincial People's Committee - Pham Van Canh had a meeting in Duc Hoa district on the progress of supporting the building of a pilot cooperative model applying high technology.

Reduced revenue from cutting taxes on imported goods in accordance with various free trade agreements Vietnam had signed was unlikely to affect State revenue, said the finance ministry in a conference held on December 12 in Hanoi.

On December 13, the Department of Agriculture and Rural Development of Long An handed over 1,000 liters of disinfectants and 10,000 doses of foot and mouth vaccine of 2 types (O, A) to Svay Rieng Province, Kingdom of Cambodia.

Vietnam was the fifth-largest buyer of US apples last year with an import value of 51 million USD, up 48 percent year-on-year.