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Vietnam showing better-than-average growth: Indian expert

March 24, 2023 by en.vietnamplus.vn

Vietnam is said to have been avoiding the usual recessionary trends across the Asian markets and is showing better-than-average growth. (Photo: VNA) New Delhi (VNA) – An Indian expert has highly valued Vietnam’s post-pandemic recovery in an article recently published on Moderndiplomacy.eu. In the writing, titled “Vietnam’s macroeconomic policy and post COVID recovery”, Prof. Pankaj Jha, Director of the Centre for Security studies at India’s Jindal School of International Affairs, cited the latest IMF reports as saying that Vietnam's real gross domestic product ( GDP ) in 2023 is estimated at 6.2%, and this clearly indicates Vietnam has been avoiding the usual recessionary trends across the Asian markets and is showing better-than-average growth. He noted with an inflation rate of less than 4%, it clearly shows that Vietnam is likely to emerge as a promising economy in Asia. If one looks into the core fundamentals of Vietnam following the COVID-19 pandemic, it … [Read more...] about Vietnam showing better-than-average growth: Indian expert

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Deputy spokeswoman: Peace, stability, development – common goal of countries

March 24, 2023 by en.qdnd.vn

Hang made the remarks in reply to reporters’ queries about Vietnam’s stance on the nuclear submarine agreement within the framework of the U.K. - Australia - U.S. Security Pact as well as attitudes of several ASEAN member states. According to her, nuclear energy needs to be used and developed for peaceful purposes and socio-economic development of countries. The use and development of nuclear energy must ensure absolute safety of humans and the environment. She said Vietnam wishes that countries would take responsibility for positively contributing to this common goal, for the sake of peace, stability, cooperation, and development in the region and the world. Regarding the information that the U.S. Federal Bureau of Investigation is seeking a Vietnamese engineer for his alleged involvement in money laundering, Hang said that the relevant Vietnamese agencies are verifying and investigating the case. She affirmed that Vietnam is a country with responsibility for the fight against … [Read more...] about Deputy spokeswoman: Peace, stability, development – common goal of countries

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Sugar industry to recover this year

March 24, 2023 by bizhub.vn

Movements of raw sugar futures in the last five years. Source: tradingeconomics.com 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 a pound set on February 27. Specifically, February's average raw sugar price was US 20.23 cents a pound, compared to US 18.87 cents per pound in January and US 18.93 cents in December 2022. According to the Food and Agriculture Organisation of the United Nations, the average sugar price was US 18.5 cents per pound during the first ten months of 2022. The Rome-based agency forecast that by 2029, the average sugar price will reach US 21.3 cents but the fact is that the price exceeded the figure in January. In the international market, raw sugar futures tracked by tradingecnomics.com were traded at US 21.14 cents per pound on Thursday, continuing the rally … [Read more...] about Sugar industry to recover this year

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