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Pepper prices hit 8-year high as supply slumps

Pepper prices hit 8-year high as supply slumps

Pepper prices have doubled from a year ago to VND120,000 (US$4.71) per kilogram this week, the highest in eight years.
Banks slash deposit interest rates

Banks slash deposit interest rates

Coffee prices soar on low supply, strong demand

Coffee prices soar on low supply, strong demand

Forestry exports up 47% in two months

Forestry exports up 47% in two months

Vietnam's forestry exports totaled US$2.68 billion in the first two months of 2024, up 47.4% year-on-year, according to the Department of Forestry under the Ministry of Agriculture and Rural Development.
March 11, 2024 | 06:13 pm PT
Ministry rescinds proposal to cap individual housing sales, leases at 5 units annually

Ministry rescinds proposal to cap individual housing sales, leases at 5 units annually

The Construction Ministry has retracted a controversial proposal that would have limited individuals to selling or leasing no more than five housing units annually unless they established a company.
March 5, 2024 | 12:26 am PT
Coffee, pepper prices on 5-day rising streak

Coffee, pepper prices on 5-day rising streak

Coffee and pepper prices rose for a fifth consecutive day on Wednesday, with the former hitting a new all-time high of VND82,500 (US$3.36) per kilogram.
February 21, 2024 | 11:48 pm PT
VinFast to break ground on $2B factory in India

VinFast to break ground on $2B factory in India

Vietnamese electric vehicle maker VinFast plans to build a US$2 billion factory in the southern Indian state of Tamil Nadu, with groundbreaking scheduled for this Sunday.
February 21, 2024 | 10:56 pm PT
Most banks push deposit interest rates to below 5%

Most banks push deposit interest rates to below 5%

Only a few banks now offer more than 5% per year for deposits of 12 months or less, with the highest rate at 5.7%.
February 18, 2024 | 09:07 pm PT
Industrial property will continue to thrive this year: analysts

Industrial property will continue to thrive this year: analysts

The industrial real estate segment is expected to remain a bright spot in the property market this year with high demand and rising rents.
February 17, 2024 | 02:00 am PT
Hoang Anh Gia Lai gets green light for $53.2M private placement of shares

Hoang Anh Gia Lai gets green light for $53.2M private placement of shares

The State Securities Commission has approved a private placement of 130 million shares worth VND1.3 trillion (US$53.2 million) by agriculture giant Hoang Anh Gia Lai.
February 15, 2024 | 06:12 pm PT
Overseas Vietnamese labor in Asia drives remittance growth

Overseas Vietnamese labor in Asia drives remittance growth

An increase in labor export and remittances from Vietnamese workers in the Asia region were the main reasons behind Vietnam’s record-high inward remittance totals last year.
February 5, 2024 | 12:36 am PT
2023 in review: Vietnam economy weathers the storm

2023 in review: Vietnam economy weathers the storm

Though 5.05% GDP growth last year was below the target, the economy steadily improved through the year despite the global headwinds.
February 4, 2024 | 03:00 pm PT
Deposit interest rates continue to drop

Deposit interest rates continue to drop

Over 20 banks have cut their deposit interest rates, with rates for 1-month deposits now as low as 1.7% per year.
January 19, 2024 | 04:53 pm PT
Finance ministry mulls raising income threshold for taxing household businesses

Finance ministry mulls raising income threshold for taxing household businesses

The Ministry of Finance is considering raising the income threshold for value-added tax for household businesses by 50% to account for inflation.
January 7, 2024 | 09:07 pm PT
Vietnamese spend $1.3B on Shopee, Lazada, TikTok, Tiki

Vietnamese spend $1.3B on Shopee, Lazada, TikTok, Tiki

Vietnam transaction values on online shopping platforms Shopee, Lazada, TikTok Shop and Tiki totaled VND31.9 trillion (US$1.28 billion) in November, according to e-commerce data intelligence platform EcomHeat.
December 29, 2023 | 11:00 pm PT
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