Central bank eyes further interest cut Business

Central bank eyes further interest cut

The State Bank of Vietnam (SBV) sought to further cut interest rate in an effort to boost the country's economic recovery, said its Deputy Governor Nguyen Thi Hong in a press conference in Hanoi on September 22.
Vietnam becomes Japan’s biggest coffee supplier Business

Vietnam becomes Japan’s biggest coffee supplier

Vietnam, the world's biggest producer of robusta, has become the top supplier of coffee beans for Japan as the consumption of instant coffee, which uses robusta, is soaring there amid the COVID-19 pandemic, according to the Nikkei Asia Review.
Banana tops Lao agriculture exports to China World

Banana tops Lao agriculture exports to China

Banana continues to be a top earner among Laos’s agricultural products exported to China though the Southeast Asian nation’s government stopped granting licences for developing more banana plantations.
Philippines secures over 8.8 bln USD for COVID-19 response World

Philippines secures over 8.8 bln USD for COVID-19 response

The Philippines has so far secured a total of 8.83 billion USD in borrowings, loans and grant assistance for the government's COVID-19 response efforts from its development partners and the commercial markets, China’s Xinhua News Agency reported.
Hoa Phat to export high-quality steel to African markets Business

Hoa Phat to export high-quality steel to African markets

Hoa Phat Hung Yen Steel Co., Ltd – a subsidiary of Vietnam's leading steel manufacturer Hoa Phat Group - has signed a number contracts to export high-quality rolled steel branded SAE to African markets, marking its success in opening new export markets.
Hoa Phat steel sales surge in July Business

Hoa Phat steel sales surge in July

Leading steel manufacturer Hoa Phat Group sold 300,000 tonnes of construction steel in July, a rise of 19 percent over that in June and 27.5 percent year on year.
Foreign direct investment into Vietnam surges in July Business

Foreign direct investment into Vietnam surges in July

Vietnam attracted 3.15 billion USD in foreign direct investment (FDI) and capital for share purchases in July, representing a rise of 79.8 percent against the same period last year and 76.2 percent against June, reported the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
Hanoi sees surge in visitors in July Travel

Hanoi sees surge in visitors in July

Hanoi welcomed nearly 1.2 million visitors in July, a surge of more than 51 percent over that in June, including 16,600 foreigners, reported the city’s Tourism Department.