Indonesia chosen to build EV battery plant World

Indonesia chosen to build EV battery plant

Indonesian Minister of State-Owned Enterprises Erick Thohir said on October 14 that the world’s two largest electric vehicle (EV) battery producers, Contemporary Amperex Technology Co. Ltd of China and LG Chem Ltd of the Republic of Korea, are considering a plan to build an EV battery plant worth 20 billion USD in Indonesia.
Philippines may lose in banana export race World

Philippines may lose in banana export race

The Philippines may lose in the banana export war amid continued stiff competition in the global market, prompting the government to allocate some 263 million peso (12.49 million USD to save the local banana industry.
Rice industry must diversify products: experts Business

Rice industry must diversify products: experts

Despite having great potential, Vietnamese rice-based products remain rudimentary and unpolished, severely hampering their ability to compete on the global market, according to industry experts.
Vietnam’s forex reserve sets new record Business

Vietnam’s forex reserve sets new record

Vietnam’s foreign exchange reserve has hit a new record high of 92 billion USD, a significant expansion from 84 billion USD which Governor of the State Bank of Vietnam Le Minh Hung revealed in April.
Vietnamese rice takes bite out of global market Business

Vietnamese rice takes bite out of global market

Vietnam’s rice exports have expanded during the pandemic to surpass rival Thailand in price for the first time in three decades, leading experts to suggest the sector should consolidate its position.
Eight-month wood export turnover up 10.3 percent Business

Eight-month wood export turnover up 10.3 percent

Vietnam earned 7.83 billion USD from exporting forestry products in the first eight months of 2020, up 10.3 percent year-on-year and accounting for 29.9 percent of the agricultural sector's total export turnover.
Price of RON95 petrol up slightly on August 27 Business

Price of RON95 petrol up slightly on August 27

The ceiling retail price of RON95 petrol was adjusted up 192 VND to 15,114 VND (0.65 USD) a litre in the latest review by the Ministry of Industry and Trade and the Ministry of Finance on August 27.
Fuel prices cut slightly on August 12 Business

Fuel prices cut slightly on August 12

Retail prices of some petrol products were reduced slightly in the latest review by the Ministry of Industry and Trade and the Ministry of Finance, with effect from 3pm on August 12.