Economy

A draft proposal to increase special consumption tax on alcoholic beverages may hurt the Vietnamese beverage industry's ability to compete on their home turf, putting the entire supply chain at risk, said industry insiders.

With 652,000 tonnes of coffee exported to the EU worth 1.66 billion USD in 2023, Vietnam was the second biggest coffee supplier of the EU in terms of volume and third largest supplier in terms of value.

Vietnam's fruit and vegetable export turnover reached an estimated 1.25 billion USD in the first quarter of 2024, up 27% over the same period in 2023, the General Department of Customs has reported.

The US website finance.yahoo.com placed Vietnam 6th among the fastest growing economies in Asia in 2024 in its article published on April 4.

A pilot model of high-quality, low-emission rice production was launched in Thanh An commune, Vinh Thanh district, the Mekong Delta city of Can Tho on April 5.

On April 5, People's Committee of Long An province organized the conference "Preliminary summary of the Winter-Spring crop of 2023 - 2024" in person and online.

Vietnam’s durian exports accounted for 31.8% of China’s total import turnover of this item, according to the Plant Protection Department under the Ministry of Agriculture and Rural Development (MARD).

With trade promotion activities intensified, the agro-forestry-fishery sector is able to earn 54-55 billion USD in export revenue this year as assigned by the Prime Minister.

The Land Law (revised), which expands land use rights for overseas Vietnamese (OV) and Vietnamese citizens residing abroad, meets the aspirations of OVs.

The project "Sustainable development of 1 million hectares of high-quality and low emissions rice associated with green growth in the Mekong Delta until 2030" is being deployed by Long An province.

The prices of Vietnamese coffee and pepper are forecast to continue increasing due to limited supply while the export of these products has also enjoyed relative growth, according to insiders.

A decrease in deposit interest rates has been recorded in a number of banks from the beginning of April.