Wednesday , December 25 2024

Business

Business

Japanese retailers expand in Vietnam despite economic woes

Japanese retailers expand in Vietnam despite economic woes

Japanese retailers opened a large number of stores and expanded production in Vietnam this year despite weak demand amid the economic downturn. Since entering Vietnam four years ago Japanese fashion brand Uniqlo has opened 22 stores in HCMC, Hanoi and Binh Duong Province, seven of them this year. Household and …

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Carbon credit sales fetches Vietnam $51.5M

Carbon credit sales fetches Vietnam $51.5M

Vietnam has finalized the sale of 10.3 million tons of CO2 to the World Bank for US$51.5 million, a report by the Ministry of Agriculture and Rural Development said. The carbon credits are from forests in north-central Vietnam, according to the report submitted to the prime minister on Thursday. The …

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Gold bounces back

Gold bounces back

Saigon Jewelry Company (SJC) gold price has bounced back from a steep fall Friday morning. Gold bar price surged 4.05% in more than an hour to VND77 million per tael ($3,171.99) at 12 p.m. It is now 0.65% away from returning to Thursday’s closing price. Gold bar dipped to VND74 …

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Gold dips to 10-day low

Gold dips to 10-day low

Saigon Jewelry Company gold bar price plunged 4.52% to VND74 million ($3,086.41) per tael Friday morning, lowest since Dec. 19. This means gold bar has lost its value by VND3.5 million from the end of Thursday. Gold ring price fell 0.70% to VND63.45 million per tael. A tael equals 37.5 …

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GDP expands 5.05% in 2023

GDP expands 5.05% in 2023

Vietnam’s GDP grew by 5.05% in 2023, lower than target by one percentage point, but still outpacing many other nations, according to the government. Over the past decade, this growth rate surpassed only those of 2020 and 2021 , years significantly affected by the Covid-19 pandemic. GDP in the last …

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VN conference to redefine global cashew supply chain

  Vietnamese and foreign cashew companies compare notes on the sidelines of the 12th VINACAS Golden Cashew Rendezvous earlier this year. The 13th edition will be held from February 26 to 28, 2024 in Quảng Bình Province’s Đồng Hới City. — Photo courtesy of the association HCM CITY — The …

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GDP grows 5.05% in 2023

GDP grows 5.05% in 2023

Vietnam’s GDP expanded by 5.05% this year, lower than target by one percentage point, but still higher than many countries, according to the General Statistics Office. In the last decade this growth rate was only higher than that of 2020 and 2021 when the Covid-19 pandemic hampered growth. GDP in …

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