In July alone, the fruit and vegetable export value was at $477 million, an increase of 18 per cent over the same period in 2023. Increase in export of durian, dragon fruit, and banana contributed to the export value growth in the first seven months of 2024. — VNA/VNS …
Read More »HDBank H1 profit tops $324 billion, NPL ratio at only 1.59%
The bank’s profitability and prudential ratios continued to be improved, affirming its sustainable development direction. Customers at an HDBank branch in HCM City. — Photo courtesy of HDBank HCM CITY — The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank – HoSE: HDB) has reported a pre-tax profit …
Read More »Boosting sustainable agricultural exports
Việt Nam is continuing to promote negotiating, signing and upgrading free trade agreements with partners in potential markets, creating favourable conditions for businesses to diversify markets, supply chains and export products. A rice packaging line at Tân Long Factory in the southern province of Tiền Giang. VNA/VNS Photo Minh Trí …
Read More »City forms task force to enhance monitoring of gold bar transactions
HCM City authorities have established a task force aimed at enhancing the monitoring of gold bar transactions in the city to tackle speculation. HCM City authorities have formed a task force to improve oversight of gold bar transactions and curb speculation. — VNA/VNS Photo HCM CITY — HCM City authorities …
Read More »Gold ring price increases
Saigon Jewelry Company gold ring price rose 0.39% to VND77.3 million (US$3,058.24) per tael Wednesday morning. Gold bar price was unchanged at VND79 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally, gold price attracts some dip-buying following an intraday dip to the $2,400 neighborhood and turns …
Read More »German enterprise studies investment opportunities in hydrogen industry in VN
German energy group Neuman&Esser and the Institute for Digital Economy Development Strategy (IDS) on Tuesday signed a memorandum of understanding (MoU) for cooperation in developing the hydrogen industry in Việt Nam. The signing ceremony between Neuman&Esser and the Institute for Digital Economy Development Strategy on Tuesday. — Photo vienkinhteso.vn …
Read More »China graduates favor further education over job hunting in tough employment market
Amid rising youth unemployment, a growing number of recent graduates in China are choosing to continue their education rather than enter the challenging job market. Some 1.3 million students enrolled in postgraduate programs in China last year, more than doubled the 611,380 seen a decade ago, The Straits Times reported, …
Read More »World Bank recommends Vietnam to impose 155% alcohol tax
The World Bank has recommended that Vietnam consider implementing a 155% special consumption tax on alcoholic beverages in response to the rising number of alcohol-related deaths and illnesses. The bank has proposed to the Ministry of Finance that an absolute tax of VND16,500 ($0.65) per liter of alcohol be applied …
Read More »Deposit interest rates rise above 6%
Over a dozen lenders have increased their deposit interest rates by 0.1-1.3 percentage points in the past two weeks, with the highest for a 12-month tenor now being 6.2%. The biggest increases, ranging from 0.6 to 1.3 percentage points, were seen at private lender ABBank, which now offers the highest …
Read More »Paris hotel operators cut prices in last-ditch attempt to lure Olympics travelers
With the Olympics underway in Paris, hotel operators made a final push to lure last-minute travelers, lowering prices and dropping minimum stay requirements after some people balked at what they saw as price-gouging prior to the games. The Paris Tourist office said Monday that average hotel prices during the games …
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