Economy

Prime Minister Pham Minh Chinh on August 27 signed a directive on the development of the domestic consumption, production-business, and market.

Indonesia has increased its rice import demand by 30,000 tonnes in August compared to the previous month, bringing the total to 350,000 tonnes.

The credit rating organisation Moody's has forecasted a positive economic outlook for the Asia-Pacific region in 2025, with accelerating growth in Southeast Asia, and Vietnam is expected to benefit notably from this trend.

The State Bank of Vietnam (SBV) is pushing all credit institutions to go green in terms of banking and credit.

The Republic of Korea (RoK)’s Ministry of Agriculture, Food and Rural Affairs (MAFRA) announced on August 26 that it will send a delegation of 15 Korean companies, specialising in exporting agricultural equipment, to Vietnam.

With this result, Long An is one of the top localities in the country in attracting FDI in both capital and number of projects.

In recent years, the crop industry has demonstrated its crucial role in ensuring national food security, job creation, and increasing farmer incomes.

Along with the 4th Industrial Revolution, e-commerce has become an inevitable trend serving as a tool for businesses to diversify channels and methods to swiftly seek buyers, partners, and orders.

Recently, the province has directed all levels, sectors and localities to implement many solutions to accompany and support agricultural enterprises and individuals in finding and expanding markets.

In recent years, Long An province and Ho Chi Minh City have cooperated in many fields, including connecting agricultural product trade.

Investment funds are currently focusing on capitalising on opportunities in sectors that exhibit robust resilience or the ability to go against the cycle.

The total import-export turnover between Vietnam and Singapore surged 20.91% year-on-year to more than 3.1 billion SGD (about 2.3 billion USD) in July, according to the Vietnam Trade Office in Singapore.