Rice exporter country

Despite this large sum, the export turnover of a number of agricultural products suffered a downward trajectory in comparison with last year. As a result, the export value of fruit and vegetables fell by 10.3% to US$1.6 billion, while the export of rubber and pepper dropped by 29.6% and 17.9% to US$470 million and US$309 million, respectively. … [Read more...] about Nation racks up US$1.9 billion trade surplus over five-month period

Authorities now recognise the private sector’s importance in the country’s competitiveness and they are striving to gradually reduce state participation in the economy. Vietnam Report also made another list of the first 500 private which included Saigon Gold and Silver ACB-SJC joint stock company, Financing Promoting Technology (FPT), ACB bank, Vinamilk, DoJi Gold and Gem group. … [Read more...] about State enterprises dominate Vietnam’s top 500 list

The two sides engaged in sincere and candid discussion on the sea issue, reaching agreement on further making use of existing negotiation mechanisms for substantive outcomes. Deputy FM Trung voiced Vietnam’s concern about the recent complicated developments in the East Sea and the stance on its legitimate rights and interests in accordance with international law and the 1982 UN Convention on the Law of the Sea. He urged that the two sides promote cooperation and solve disputes in the spirit of respecting each other’s legitimate rights and interests, reached agreements, common perceptions of both sides and international law./. … [Read more...] about General secretaries of Committee for Vietnam–China Bilateral Cooperation hold online meeting

According to the NA-assigned targets, Vietnam’s GDP growth rate in 2020 will be 6.8% while inflation will be kept below 4%. However, the unexpected outbreak of COVID-19 in more than 200 countries around the world has made this goal a major challenge which, as assessed by the Government, is difficult to be achieved. Given that fact, the proposal to adjust the growth targets is necessary and consistent with objective reality, looking directly at the socio-economic situation and forecasting the international and domestic situation in the near future. Under the Government’s updated scenario, the country’s GDP will grow by about 4.5% in 2020. The Government has also set a higher growth target of 5.4% in the event of a favourable global situation, with the disease being put under control and the global market recovering. Meanwhile, the consumer price index (CPI) for the whole year will rise by 4% on average; total state budget revenue will see a reduction of VND163 trillion … [Read more...] about BUSINESS NEWS HEADLINES MAY 30