Tuna export has maintained a high growth rate in the first months of 2022 despite strong fluctuations in the world market over the past more than one year, partly thanks to free trade agreements that Vietnam has signed.
Vietnam earned an estimated 700 million USD from exporting goods to Israel in 2020 despite difficulties and obstacles posed by the COVID-19 pandemic, according to the Vietnamese Trade Office in the Middle East country.
The consumer price index (CPI) inched up 0.09 percent in October against the previous month, and 2.47 percent year-on-year, according to the General Statistics Office of Vietnam (GSO).
The State Bank of Vietnam set the daily reference exchange rate at 23,240 VND per USD on June 8, down 5 VND from the last working day of previous week (June 5).
The USD/VND exchange rate has grown strongly at the heart of the global fight over economic dominance between the US and China, the world’s two largest economies.
Developing globally-recognised Vietnamese shrimp brand is necessary for the agricultural sector to realise a target of 10 billion USD in shrimp export revenue by 2025, according to the insiders.
In 2018, the VND only devalued about 2.2-2.3 percent compared to the USD and lower than the depreciation of EUR, pound and yuan at 4.5 percent, 5.7 percent and 5.4 percent, respectively.
The Government has recently decided to increase price of wind power to encourage the development of this energy after eight years imposing the Feed in Tariff (Fit) of 7.8 US cent/kWh.
As the exchange rate between USD and Vietnamese dong has surged in the past two months, exporters are eager for extra profits they can earn for each batch of goods.
The world’s wooden interior décor market is predicted to grow at 3.5 percent in 2018 and continue expanding, providing opportunities to Vietnamese businesses to increase exports of the products.
As a centre of the Mekong Delta, Can Tho is expected to pioneer in the enhancement of urban resilience in Vietnam, heard a workshop held in the city on June 27.
The State Bank of Vietnam’s transaction centre this week raised the reference buying rate for the US dollar by 50 VND to 22,725 VND, revealing its intention to expand foreign reserves.
Tumbling stocks and gold prices may drive investors away to the real estate market as property is traditionally a favourite channel for investment in Vietnam compared to gold, stocks and bank savings.
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