Economy

The RoK’s registered investment in Vietnam hit 1.25 billion USD in January alone, much higher than the figure of 93.46 million recorded in January last year.

In 2024, fresh coconut and coconut product exports surpassed 1 billion USD, marking the highest figure in the past 14 years.

It is estimated that if low-value goods worth less than 1 million VND are subject to a 10% VAT rate, State budget revenue could increase by around 2.7 trillion VND (105.6 million USD).

In recent years, many farmers in Long An province have boldly converted their crop and livestock structures, applied clean production processes, organic production, etc to improve the quality of agricultural products.

MARD’s supply and demand report sent to the Ministry of Industry and Trade (MoIT) projects the Mekong Delta will cultivate 3.78 million hectares of rice, yielding more than 23.96 million tonnes.

Looking ahead to 2025, key agricultural products are expected to maintain their high export increase, after reaching impressive export growth in 2024.

By the end of January 2025, Long An province disbursed 95.68% of the assigned capital plan.

The US is now Vietnam's fifth-largest import market, with five import categories exceed 1 billion USD, namely chemicals, animal feed, plastics, materials, and machinery.

The price hike is largely driven by tightening Arabica supply from Brazil—the world’s largest producer—as the country’s harvest season concludes. Meanwhile, farmers are holding back stock, anticipating further price increases.

The MoIT's draft proposal to develop the Law on E-commerce will be included in the National Assembly's law and ordinance development programme in 2025.

With positive signals and improvements from the market, businesses have gradually overcome obstacles to focus on production and business right from the beginning of the year.

Shrimp continued to lead the sector, generating 300 million USD in revenue and accounting for 39% of the total export.