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Trade between China, Mekong countries hits $416.7B in 2022

Trade between China and countries along the Mekong River posted steady growth last year despite COVID-19 and the sluggish global economy. Thanks to deepened mutual trust and cooperation, China’s trade volume with Cambodia, Laos, Myanmar, Thailand and Vietnam totaled 416.7 billion U.S. dollars in 2022, up 5 percent year on year. The figures were disclosed […]

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Vietnam: Sugar industry to recover this year

Uncompetitive prices of imported sugar after anti-dumping taxes will boost demand for locally produced sugar. HÀ NỘI — Businesses in the sugar industry will rebound, buoyed by higher sugar prices and anti-dumping measures on some sugar cane products originating from Thailand. In February, raw sugar futures hovered at the 6-year high of roughly US 22 cents […]

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Vietnam: Steel price rises despite falling demand

The selling price of steel in Hà Nội is VNĐ18 million (US$761 USD) per tonne, which is approaching its peak recorded in mid-2022. HÀ NỘI — The price of construction steel is on the rise despite the fact that the demand for this type of construction material remains weak, insiders have said. The selling price of […]

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Vietnam: Gains feasible through large-scale FDI

Vietnam’s foreign capital perspective is being pressured by incentives from other nations to encourage their own investors to return home. The second annual report on foreign investment in Vietnam for 2022 released earlier in March by the Vietnam’s Association of Foreign Invested Enterprises noted that the United States has decreased corporate income tax from 25 […]

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Vietnam: Ministry proposes amending visa policy

The Ministry of Public Security (MPS) will propose to the National Assembly adding an amendment of the visa and e-visa policy to the National Assembly’s general resolution at the nearest upcoming session (May 2023). This will give a basis for the government to apply the plan to develop tourism, especially in attracting foreign travelers. At […]

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