Việt Nam invests over US$316 million abroad in five months

Vietnam News | 30/05/2023 3:25:59 PM

Việt Nam invested nearly US$316.4 million abroad in the first five months of this year, equivalent to 93.5% of the figure recorded in the same period last year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

Việt Nam is South Korea's 4th largest rubber supplier

Vietnam News | 30/05/2023 3:24:49 PM

Vietnamese rubber exports to South Korea in the first four months of 2023 totalled 12,470 tonnes, valued at US$18.92 million, up 5.6 per cent in volume but down 15 per cent in value year-on-year, according to statistics from the General Department of Customs.

Timber exporters face a sharp decline in orders

Vietnam News | 23/05/2023 4:34:31 PM

Data from the General Department of Customs showed that the export turnover of wood and wooden products reached US$3.9 billion in the first four months, down 30.6 per cent year-on-year. The export of wooden goods saw a yearly decline of 38 per cent to $2.6 billion.

FDI sector posts trade surplus of over US$14 billion in four months

Vietnam News | 19/05/2023 4:18:50 PM

Despite an overall export decline due to the shortage of orders, foreign direct invested (FDI) businesses still posted more than US$14 billion in trade surplus in the first four months, further affirming their role as the main growth driver of the economy.

PM urges solutions to prevent electricity shortage during summer peak

Vietnam News | 19/05/2023 4:17:49 PM

There could be some partial and local shortages to occur from now to May 25 due to intense heat resulting in high demand for electricity and the drought causing the amount of water in reservoirs of hydroelectricity plants to drop together with slow coal import from Indonesia not meeting the demand for thermal electricity production.

Meat producers forecast to see more positive results

Vietnam News | 11/05/2023 4:15:56 PM

Analysts expect meat producers to record more positive business results in 2023 thanks to lower input costs and higher average live hog prices.