Economy

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.

In Resolution of the 11th Party Congress, term 2020-2025, Long An identified developing high-tech agriculture associated with restructuring the agricultural sector as one of the three strategic breakthroughs.

In 2024, trade promotion activities of Long An province are continue to be innovated and promoted with diverse and flexible forms, thereby expanding the export market for goods.

The Vietnam Institute for Economic and Policy Research (VEPR) expects the country's GDP growth in the fourth quarter of 2024 to reach 7.4%, thus meeting the 7% target for the whole year set by the Government.

Vietnam and the European Union are key partners in green transition and sustainable development, said participants at a plenary session of the Green Economy Forum and Exhibition (GEFE 2024).

Trade promotion, support for enterprises, production and business establishments, cooperatives, etc, are being strengthened by Long An province, contributing to connecting markets and finding trading opportunities.

Standard Chartered has revised up its forecast for Vietnam’s 2024 GDP growth to 6.8% from the previous 6.0%, reflecting the stronger-than-expected expansion in the third quarter of this year.

Vietnam is becoming a global automotive tyre manufacturing hub, with the export turnover of technical rubber products expected to reach 4 billion USD in 2024.

Trade between Vietnam and the US in the first eight months of this year reached 87.7 billion USD, with significant increases in both exports and imports, according to the Vietnamese Ministry of Industry and Trade (MoIT).

The State Bank of Vietnam (SBV) has launched a programme offering low-interest loans to farmers to serve sustainable rice production in the Mekong Delta.

The Vietnamese sugar industry has led the region in sugar productivity for the first time, according to the Vietnam Sugarcane and Sugar Association (VSSA).

In recent months, the price of fresh cocoa has surged, reaching 12,000 VND per kg (0.48 USD) for fresh pods, three to four times higher than in previous years.