Economy

The prices of Vietnamese paddy and rice continued to increase last week, according to the the Vietnam Food Association (VFA).

The State Bank of Vietnam announced on April 22 that it has cancelled the auction of SJC-branded gold bars.

Vietnam has for the first time surpassed India and Thailand to become the largest rice exporter to Singapore by shipping 36.15 million SGD (26.55 million USD) worth of rice in the first three months of this year.

Vietnam has strong infrastructure and research and development incentives as well as a skilled workforce, making it an attractive for “eagles” worldwide in the electronics and semiconductor industry.

Vietnam in the first quarter of 2024 exported 2.18 million tonnes of rice, earning 1.43 billion USD, an increase of 17.6% in volume and 45.5% in value year on year.

Long An has organized many activities on the National Brand Week to celebrate "Vietnam Brand Day April 20".

Long An Provincial People's Committee has just issued a decision approving the investment implementation plan for LNG Long An I and II LNG Thermal Power Plant projects in Can Giuoc district.

Domestic retailers are increasing the distribution of export-quality products to cash in on the consumption trend towards green, environmentally friendly and safe products.

More than 15 trillion VND (597 million USD) has been disbursed under a credit scheme to support Vietnamese agroforestry and aquatic sectors since July last year,.

The Vietnamese garment and textile sector is carrying out various measures to bolster production and business activities amidst formidable challenges posed by falling demand, high inventory, and geopolitical instability.

The State Bank of Vietnam will resume gold bar bidding after 11 years, aiming to increase the supply of gold to the market, promptly and immediately settle the high difference in domestic and international gold prices.

Vietnam's agricultural products were sold well in foreign markets in Q1, with a surge in both volume and prices documented.