VIETNAM is aiming for economic growth of 7 per cent this year, the country’s planning and investment minister said on Monday, higher than an official target of 6.0 to 6.5 per cent set previously. To achieve this, year-on-year economic growth in the third quarter needs to be 9.0 per cent and in the fourth quarter […]
Read MoreHÀ NỘI — Mounting fuel and coal costs have been added to cement producers’ bills, leaving them no choice but to increase prices. Price adjustments can be observed in almost all producers, with none willing to hold down prices to see profits eroded. Prices have been adjusted from VNĐ50,000 to VNĐ140,000 per tonne across the […]
Read MoreIf businesses don’t reduce carbon emissions, their exports to the EU will face a new kind of tax, which would make products more expensive, thereby affecting their competitiveness in the market. Vietnam is the 11th largest exporter of products to the EU, which accounts for 1.8 percent of total import turnover of the market. The […]
Read MoreVietnamese families have been consuming less pork in recent months as prices increased, switching to other sources of protein like chicken and eggs. Ngoc Thao from HCMC, 32, said that one kilogram of bacon now costs between VND150,000-180,000 ($6.43-7.72), depending on whether it is purchased at a traditional wet market or a supermarket. Cheaper cuts […]
Read MoreVietnam continues to be a magnet to foreign direct investment (FDI) in ASEAN as it is transforming into a production base for tech giants. According to the latest report by HSBC, total FDI to ASEAN-6 (Singapore, Malaysia, Indonesia, Thailand, Vietnam, and the Philippines) has averaged nearly $127 billion per year since 2010, approximately three times […]
Read MoreThe Government of Laos has greenlit a feasibility study for a railway project that would link Vientiane Capital with Thakhek, in Khammouane Province. Lao Economic Daily reports that a signing ceremony for a Memorandum of Understanding (MOU) was held yesterday between the Government of Laos and Petroleum Trading Lao Public Company (PetroTrade) at the Ministry of Planning […]
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Thailand
