6th largest economy

Vietnam was China's eighth largest trading partner in 2019 before its rise to sixth in 2020. It is China's eighth largest supplier of goods and fifth largest export market. … [Read more...] about Vietnam becomes 6th largest trading partner for China

Jakarta (VNA) – Indonesian Maritime Affairs and Fisheries (KKP) Minister Sakti Wahyu Trenggono is targeting to turn the country into the world's largest vannamei shrimp producer by pushing production to 16 million tonnes annually from the current figure of below one million tonnes. As reported by the local news agency Antara, to achieve this goal, Indonesia must begin developing new shrimp ponds spanning 200 thousand hectares until 2024. Currently, the country’s annual vannamei shrimp production is less than one million tonnes, below that of China, Ecuador, Vietnam, and India. "If we succeed in developing 200 thousand hectares of shrimp ponds, with two harvest cycles of 80 tonnes per hectare per year, based on an economic analysis, it could generate nearly 1,200 trillion rupiah," Minister Trenggono was quoted by Antara as saying. He added that the development also aims to build a strong defense system to protect the nation’s maritime wealth. Trenggono revealed … [Read more...] about Indonesia aims to become world’s largest vannamei shrimp producer

This is the strongest single-session decline in the HoSE’s 20-year history in absolute value, and erased all accumulated gains of the VN-Index since the beginning of the year up to now. The market only had 38 stocks remaining in green, while those in the red exceeded 440. … [Read more...] about VN-Index plummets over 74 points

New investors had flocked to the stock market in the past months to ride the VN-Index’s impressive recovery as Covid-19 dampened the charm of other investment channels such as savings and real estate. According to the Vietnam Securities Depository, last December, over 60,000 new accounts were opened at securities companies. … [Read more...] about Panic selling sends VN-Index to biggest losing session in six months