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Vietnam and Thailand Agree on 25 Billion USD Trade Target

Vietnam and Thailand Agree on 25 Billion USD Trade Target

by Teuvo Tuomi | Feb 25, 2025 | ASEAN, News, Thailand, Trade, Vietnam

Vietnam and Thailand have agreed to facilitate trade, expand market access, and work to achieve a bilateral trade target of US$25 billion soon. This commitment was made during talks between Deputy Prime Minister and Minister of Foreign Affairs Bùi Thanh Sơn and Thai...
Retail Rice Prices in Vietnam Remain High Despite Record-Low Export Prices

Retail Rice Prices in Vietnam Remain High Despite Record-Low Export Prices

by Teuvo Tuomi | Feb 17, 2025 | Economy, Exports, News, Vietnam

According to the Vietnam Food Association, paddy prices have decreased by 40-50% year-on-year to VND5,400-9,500 (US$0.2-0.37) per kilogram, depending on the variety. Meanwhile, the export price of Vietnam’s 5% broken rice was at $395 per ton on 14 February, the...
Vietnam Leading Growth Race in ASEAN+3

Vietnam Leading Growth Race in ASEAN+3

by Teuvo Tuomi | Jan 26, 2025 | Business, ASEAN, Asia, Economy, News, Vietnam

Vietnam is forecast to achieve a growth rate of 6.5% in 2025, maintaining its position among the fastest-growing economies in the ASEAN+3 region, according to the ASEAN+3 Macroeconomic Research Office (AMRO)’s report. This projection is lower than the country’s...
China-Vietnam Cross-Border Freight Transport Sees Eleven-Fold Increase

China-Vietnam Cross-Border Freight Transport Sees Eleven-Fold Increase

by Teuvo Tuomi | Jan 14, 2025 | China, Exports, Imports, News, Trade, Vietnam

The China Railway Group reports a sharp increase in freight transport on the China-Vietnam cross-border railway last year, marking an annual increase of 1,153%. Monthly freight volumes hit record highs in March, April, July, October, and November. Initially focusing...
Vietnam’s GDP to Surpass Singapore’s in Five Years: CEBR

Vietnam’s GDP to Surpass Singapore’s in Five Years: CEBR

by Teuvo Tuomi | Dec 30, 2024 | Economy, News, Singapore, Vietnam

According to the UK-based Centre for Economics and Business Research (CEBR), Vietnam’s GDP will surpass Singapore’s in five years, reaching $676 billion by 2029. By 2039, Vietnam’s GDP could rise to $1.41 trillion, ranking 25th worldwide and becoming Southeast Asia’s...
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