Economy

The price of petrol is kept unchanged on the latest regular adjustment of petrol and oil prices on August 28. 

VOV.VN - The 2018 Son La longan and safe farm produce week which opened at LotteMart Ba Dinh and LotteMart Dong Da in Hanoi on August 20 is the final event in a series of four activities to promote the consumption of Son La longans and safe agricultural products in the capital city.

VOV.VN - Cashew nuts are one of 24 products with an export value exceeding US$1 billion during the first half of this year, reaching nearly US$2 billion, a year-on-year rise of 7.5%.

Condominiums remain the best bet for people living in big cities thanks to their affordable prices, and not surprisingly the HCM City apartment market is showing signs of recovering after the slowdown caused by the Carina Plaza fire at the beginning of this year, insiders said.

Through the co-operation with Hanoi MHD JSC, PHI Group, a diversified holding company from the US focused on mergers and acquisitions and investments in numerous sectors, will establish solid operations in the real estate market and development in Vietnam.

A number of convenience stores advertising their brands as “made in Korea” or “made in Japan” have been fined for ambiguous information on the origin of their goods, making many Vietnamese consumers feel confused and nervous.

VOV.VN - Chinese businesses are looking to collaborate with Vietnamese partners to stock Vietnamese rice in supermarkets throughout Guangxi province.

Despite some corrections in the first half, bank tickers are expected to lead the market in the second half, buoyed by dwindling provisioning and upbeat profit prospect.

HCM City is working with several provinces to set up orchid supply chains and mitigate shortages there, especially during holidays when supply dwindles and prices shoot up.

VOV.VN - Imports of animal feed and raw materials for animal feed production hit US$232 million in July, down 37.58% compared to the previous month but up 7.11% against the same period last year, according to the General Department of Vietnam Customs.

Go-Viet's attractive perks for drivers are motivating many to shift from Grab, and the market leader is responding.

VOV.VN - Song Ma district in northern Son La province has exported 40 tons of longans to China according to a legal channel, according to the provincial Department of Industry and Trade.

Governor of the State Bank of Vietnam (SBV) Le Minh Hung has recently directed the entire banking industry to strictly control foreign currency lending to better minimise dollar speculation and fight against dollarisation in the economy.

The price of pork has doubled against its price during the same period last year, reaching a record high over the past few years, according to the Ministry of Agriculture and Rural Development (MARD).

Besides big freight and forwarding companies, numerous startups with technology apps have joined the fast delivery market.

Domestic dairy producers are developing their A2 milk cow herds to serve their plan to make A2 milk, starting a new race in the high-end market segment.

The Hanoi Stock Exchange (HNX) raised VND2.3 trillion (over US$98.7 million) at the latest auction of Government bonds (G-bonds) issued by the State Treasury on August 1.

The Ministry of Commerce says that various types of tropical fruit are becoming more and more popular among Russian consumers whose purchasing power is increasing.

Vietnamese brands are still dominating the domestic ice cream market, but foreign companies are following hard on their heels.

The Government will have to decide either to devalue the Vietnamese dong further against the US dollar to support exports and avoid cheaper Chinese goods to flood in the local market, or keep the USD/VND exchange rate stable to avoid increased public debt and control inflation as the US-China trade war accelerates.