Saturday , November 23 2024

Business

Business

Pepper exports rise in volume, fall in value

Pepper exports rise in volume, fall in value

While Vietnam’s pepper export volumes soared by 16.6% to 267,000 tons in 2023, the value dropped by 6% to US$912 million, according to the Vietnam Customs. The average export price of Vietnamese pepper, which constitutes 60% of global supply, dropped by 19.4% from the previous year, to US$3,420 per ton. …

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Government calls for further interest rates reduction

Government calls for further interest rates reduction

The government has directed banks to lower costs and further reduce loan interest rates in an effort to expand credit access. Despite a decrease of 2 percentage points in loan interest rates from the previous year, Vietnam’s credit growth at 13.71% fell short of the annual target range of 14-15%. …

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VN-Index rises for seven straight days

A woman withdraws cash from a machine of BIDV in Hà Nội. The bank’s shares climbed nearly 4.3 per cent on Monday, lifting the market’s sentiment. — VNS Photo Ly Ly Cao HÀ NỘI — The Vietnamese stock market increased on Monday in line with the short-term uptrend, while foreign …

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VinFast to build integrated electric vehicle facility in Tamil Nadu

  A bodyshop at VinFast Hai Phong manufacturing complex. – Photo courtesy of VinFast HÀ NỘI — VinFast, Việt Nam’s leading electric vehicle (EV) manufacturer, and the Tamil Nadu State Government announce a landmark partnership in a Memorandum of Understanding (MoU) to change the development of green transportation in India.  VinFast and the State Government …

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Vinachem rides high profits

  Vinachem’s Ha Bac Nitrogenous Fertilizer plant project in Bắc Giang province. – Photo courtesy of taichinhdoanhnghiep HÀ NỘI  – Vietnam Chemical Group (Vinachem) has reported that despite many challenges in 2023, the group and its members obtained a combined revenue of VNĐ55 trillion (US$2.3 billion) bringing a profit of VNĐ3.2 …

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PM asks banks to ensure capital for the economy

  Prime Minister Phạm Minh Chính attends the conference to implement 2024 tasks of the banking system on Monday. — VNA/VNS Photo Dương Giang HÀ NỘI — Prime Minister Phạm Minh Chính asks the banking system to ensure adequate capital for the economy in the context that difficulties and challenges remain. “Don’t …

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