28.9 C
Ho Chi Minh City
Sunday, April 6, 2025

CATEGORY

In the news

Foreign trade on tiptoe

Vietnam posted strong growth in trade in the first two months of this year, with trade surplus at a multi-year high. However, this development reveals issues that need special attention. Strong growth Building on the recovery momentum from the fourth quarter of 2023, Vietnam’s trade has grown strongly since the beginning of this year, with the total value of imports and exports in the first two months of this year soaring by 18.6% year-on-year to US$113.96 billion. Especially, the country recorded a trade surplus of US$4.72 billion in January-February, the highest same-period level in 10 years. In the first two months of 2023, the total import-export value reached only US$96.1 billion, a decrease of 13.3% year-on-year, but the country still earned a trade surplus of US$3.5 billion thanks to import expenditures falling steeper than export earnings, at 16.7% and 9.9%, respectively. As such, one can see how positive the results are for the first two months of this year. This is a bright spot for the economy against the backdrop of continued geopolitical tensions, ongoing supply chain diversification, and major economies like the United States continuing the decoupling of global trade and activity. However, the surge in Vietnam’s trade deficit […]
To read more, please click here.

Tapping into Vietnam’s potential market

Vietnam stands out as one of the fastest-growing economies in the region, making it a pivotal market for European pork producers. With its promising...

The tax reform plan

Three key tax laws are set to undergo revision and supplementation this year, namely the Corporate Income Tax Law, Value Added Tax Law, and...

Buying opportunities arise

Stock market corrections can be great opportunities for investors to restructure their portfolios and search for shares in industries with growth potential, particularly State-held...

Credit growth amidst sluggish demand

The banking system has seen lower-than-expected credit growth this year, at 1% as of mid-February. Though the State Bank of Vietnam (SBV) has taken...

New players dive in, insiders retreat

While thousands of real estate businesses are exiting the market, a select few are boldly entering the sector. However, navigating this challenging landscape requires...

FDI inflow from partnerships

Upgrading its relations with major bilateral and multilateral partners helps Vietnam enhance its global stance and become an attractive destination for foreign direct investment...

A boost to social housing supply?

The revised Housing Law provides conductive mechanisms and policies for social housing development, potentially improving supply and demand. But its real-world implications remain uncertain. Favorable...

The volatility of the coffee market

Coffee prices have soared to more than VND90 million per ton, resulting in profit for farmers over 100% of production cost. Despite rising prices,...

Latest news

spot_img