The trend of electronic and non-cash payments in the Vietnamese economy in 2023 continued to record growth of 52.35% in volume over the same period last year. A customer pays for coffee via QR code in Hanoi. (Photo: VNA) Data released late last week by the State Bank of Vietnam (SBV) showed payment transactions via QR code are...

Vietnam raked in an estimated 6.42 billion USD from forestry product exports in the first half of 2023, down 28.8% year on year, according to the Department of Forestry under the Ministry of Agriculture and Rural Development. Workers produce wood items for export at a factory of the Woodsland Tuyen Quang JSC. (Photo: VNA) The revenue, equivalent to...

On the afternoon of July 4, the Council for the selection of typical rural industrial products of the province held a meeting to vote for provincial products in 2023. Voting Council and members of the Jury review and vote the products Mr. Luong Trong Quynh, Vice Chairman of the Provincial People's Committee, Chairman of the Voting Council attended and...

Retail firms of the Republic of Korea (RoK) are stepping up efforts to tap into the Vietnamese market, which has huge growth potential thanks to its rapid economic growth and a high proportion of the working age population. Lotte Group currently has 20 affiliates operating in Vietnam. (Photo: VNA) Lotte Group, one of the top two retail giants...

The goal of keeping inflation under 4.5% this year will be totally feasible, as the rate may range between 2.5-3.5%, experts said at a seminar held in Hanoi on July 4. The goal of keeping inflation under 4.5% this year will be totally feasible. (Photo: VNA) Vice Director of the Institute of Economics – Finance under the Academy...

Prime Minister Pham Minh Chinh has issued an official dispatch on enhancing the implementation of tasks and measures to promote rice production and export. Illustrative image. (Photo: VNA) The dispatch says that the world's situation continued to be complicated and unpredictable in the first months of 2023, negatively affecting the recovery and growth of the global economy as...

The fertiliser export market declined in both volume and price in the first six months of this year. Workers on a production line of Lam Thao Fertilisers and Chemicals JSC. (Photo: phutho.gov.vn) Phung Ha, general secretary and vice chairman of the Vietnam Fertiliser Association, said that the prices of fertilisers fell sharply in the first six months of the...

Coffee is an export highlight of agricultural products in the first half of 2023, as the industry's export revenue earned 2 billion USD in the period, the General Department of Customs has announced. Vietnam earns over 2 billion USD from coffee exports (Photo: VNA) According to statistics from the department, as of June 15, the country exported 934,900 tonnes...

Manufacturers in Vietnam continued to struggle in the face of weak market demand as the second quarter drew to a close. Output and new orders fell again, with the former in part reflecting power outages caused by heatwaves, according to S&P Global. Illustrative photo (Photo: VNA) The S&P Global Vietnam Manufacturing Purchasing Managers' Index™ (PMI) stayed below the 50.0...

The agriculture sector remains determined to fulfill its set targets, focusing efforts on boosting exports and implementing three major programmes – the resolution on agriculture, farmers and rural areas, the strategy for sustainable rural development, and agricultural restructuring in the second half of the year, heard a press conference on July 3 in Hanoi. Illustrative image (Photo: nongnghiep.vn) Addressing...