Gasoline prices in Vietnam have been fluctuating in a small margin since the end of October. The popular fuel RON95 on Thursday dropped 1.39% from a week ago to VND20,560 (US$0.81) per liter. Biofuel E5 RON92 gained 0.10% to VND19,860. Diesel fell 2.08% to VND18,380. In the last seven days fuel prices were affected by […]

Hanoi (VNA) – Rice exports are likely to hit a record high of 9 million tonnes in 2024, given a total volume of nearly 8.5 million tonnes shipped abroad in the first 11 months, according to insiders. Statistics from the Ministry of Agriculture and Rural Development show that Vietnam exported 700,000 tonnes in November for 444.9 […]

Hanoi (VNA) – The state budget revenue topped 1.8 quadrillion VND (71 billion USD) in the first 11 months of this year, equivalent to 106.3% of this year’s target and up 16.1% from the same period in 2023, the Ministry of Finance reported on December 4. Breaking down the number, revenue contributions to the central budget […]

More than 218,500 enterprises were established and resumed operations in Vietnam in the past 11 months of 2024, a year-on-year increase of 7.4%, according to the General Statistics Office (GSO). In November alone, the country recorded nearly 11,200 new enterprises with total registered capital of VND138.6 trillion ($5.46 billion). The figures represented a 21.3% decline […]

Hanoi (VNA) – Vietnam’s index of industrial production (IIP) in the January – November period rose 8.4% from the same period last year, reported the General Statistics Office (GSO). During the 11-month span, the manufacturing – processing sector witnessed an increase of 9.7%, contributing 8.5 percentage points to the overall IIP growth, while the electricity production […]

Hanoi (VNA) – Vietnam’s consumer price index (CPI) for November rose by 0.13% from the previous month and 2.77% compared to the same period last year, announced the General Statistics Office (GSO) on December 6. Eight groups of goods and services saw price increases and three experienced declines, it said. The group of housing, electricity, water, […]

Total registered foreign direct investment (FDI) into Vietnam, including new and additional investments, and capital contributions via share purchases, reached $31.4 billion in the first 11 months of 2024. Nearly $17.39 billion was poured into 3,035 new projects, while $9.93 billion was added to 1,350 existing projects, and $4.06 billion was spent by foreign investors […]

Vietnam posted a trade surplus of US$24.31 billion in the first 11 months of 2024, according to the General Statistics Office. Its exports and imports totaled $715.55 billion during the period, up 15.4% from a year earlier, with November alone accounting for $66.4 billion, up 9% year-on-year. In the first 11 months, exports expanded by 14.4% from […]

HCM City (VNA) – The 2024 Vietnam-US Cooperation Forum, held in Ho Chi Minh City, focused on new US policy directions and opportunities to enhance bilateral economic and trade relations. The event was co-organised by Vietnam’s Ministry of Industry and Trade, the US Embassy in Vietnam, and AmCham Vietnam. Ta Hoang Linh, Director of the Europe-Americas […]

Hanoi (VNS/VNA) – From being a minor exporter prior to 2013, Vietnam rose to number eleven in the global rankings of top exporters by 2023, emerging as a surprise player in global trade. According to the World Trade Organisation (WTO), Vietnam has advanced significantly in import-export rankings, now standing second in ASEAN, trailing only Singapore. Phung […]