Developing economy characteristics

As the world's second largest importer, the US is also predicted to increase its import demand by 2 million to a total of 27 million bags. The leading coffee exporters to the US include Brazil, with 24%, Colombia, making up 22%, Vietnam, with 16%, and Honduras, making up 6%. … [Read more...] about EU increases purchases of Vietnamese coffee

Chairman of the People’s Committee Duong Thanh Trung said in addition to four wind power projects underway in the province’s coastal areas, Bac Lieu will welcome a number of new projects in the coming time with an aggregate capacity of 470 MW and nearly US$1 billion in investment. … [Read more...] about Construction of over VND5.2 trillion wind farms begins in Bac Lieu

The new wave of FDI as companies relocate their factories to Việt Nam would have a bigger impact on Việt Nam’s economy than in the past because multinational companies now have an incentive from their governments to help them “move up the value chain” and build supply chains in Việt Nam, he said. … [Read more...] about Việt Nam expects imminent new wave of foreign investment

Also at the meeting, Prime Minister Phúc has asked Vietnam Electricity (EVN) to review recent hikes in household electricity bills following many complaints about potential mistakes by the State-owned power provider amidst higher power use during summer. … [Read more...] about PM asks for renewable energy priority

Despite all three indices being in the green, foreign investors net sold VND200 billion ($8.65 million) worth of stocks on all of them. Selling pressure was mostly on VHM of real estate developer Vinhomes, AGG of real estate developer An Gia Real Estate, and VNM of dairy giant Vinamilk. … [Read more...] about VN-Index continues recovery, but foreign investors net sellers