In August 2020, when the Vietnam – EU Free Trade Agreement (EVFTA) took effect, Trung An High-tech Agriculture JSC exported about 150 tons of rice to the European Union. In particular, ST25 rice was sold for more than $1,000 per ton and Jasmine rice for $600 per ton. The Vietnam National Seed Group (Vinaseed) has also […]
Read MoreRealtors and securities investors have been pocketing big money in recent months. In early 2020, Pham Thanh Bien, who works in Bac Thang Long Industrial Zone (IZ) in Hanoi, sought to buy land in Hai Boi commune of Dong Anh district. The landlord had set the price of VND25 million per square meter, which Bien […]
Read MoreIn Vietnam, over half of businesses have turned to digital platforms to adapt to the new context amid the Covid-19 pandemic. Shawn Tan, economist from the World Bank’s Finance, Competitiveness and Innovation Global Practice, said the digital economy is becoming more important, especially amid the pandemic. “Digital technologies allow businesses to better adapt to the […]
Read MoreVietnam’s services sector is targeting a growth rate of 7-8 percent in the 2021-2030 period, higher than the economy’s average growth rate, and eyeing to account for 50 percent of GDP by 2030. In the 2030-2050, the sector is expected to grow faster than the average rate of the national economy and occupy 60 percent […]
Read MoreThe US Treasury of Department would continue its enhanced engagement with Vietnam. There is insufficient evidence to make a finding that Vietnam manipulates its exchange rate for purposes of preventing effective balance of payments adjustments or gaining unfair competitive advantage in international trade. US Department of Treasury made the statement in its latest report on […]
Read MoreA forum, held online on April 15, was an opportunity for local Vietnamese businesses to connect trade activities with their partners from Singapore. Singapore businesses are very interested in the Vietnamese market, Douglas Foo, Chairman of the Singapore Manufacturing Federation and Chairman of the Vietnam-Singapore Business Council affirmed at a forum to promote investment in […]
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