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Vietnam’s Beer Production Falls by 4%

Vietnam’s Beer Production Falls by 4%

by Teuvo Tuomi | Sep 16, 2024 | Vietnam, Business, Economy, Food & Drinks, Lifestyle, News, Society

Vietnam’s beer production fell by 4% year-on-year in the first eight months of 2024 as breweries struggled with declining profits. Nguyen Van Viet, chairman of the Vietnam Beer – Alcohol – Beverage Association, says the industry is suffering from...
Retailing and Services Booming in Vietnam

Retailing and Services Booming in Vietnam

by Teuvo Tuomi | Jul 31, 2024 | Business, Economy, News, Vietnam

Vietnam’s retail sales and services revenue in the first seven months of this year totaled about VNĐ3.6 quadrillion (US$143.2 billion), up 8.7% year-on-year, the General Statistics Office (GSO) reports. In July alone, the value was VNĐ528.3 trillion, a rise of...
Vietnam’s Exports Sector Keeps Booming

Vietnam’s Exports Sector Keeps Booming

by Teuvo Tuomi | Jul 29, 2024 | News, Business, Economy, Exports, Vietnam

Vietnam’s exports in July are estimated to have risen 19.1% in July from a year earlier to $35.92 billion, the General Statistics Office (GSO) says. Also the industrial production index rose in July, expanding 11.2% from a year earlier, . Vietnam has been...
Vietnam and the Philippines Grow Fastest in ASEAN: ADB

Vietnam and the Philippines Grow Fastest in ASEAN: ADB

by Teuvo Tuomi | Jul 19, 2024 | ASEAN, Business, Education, News, Philippines, Vietnam

The Philippines will hit its growth target this year amid easing inflation and expectations of interest rate cuts, according to the latest outlook of the Asian Development Bank (ADB). “Asian Development Outlook” expects the country’s gross domestic product (GDP)...
Vietnam Electricity  Reports Record Loss

Vietnam Electricity Reports Record Loss

by Teuvo Tuomi | Jul 14, 2024 | Vietnam, Business, Economy, Energy, News, Sustainability

Although electricity prices were increased twice in 2023, Vietnam Electricity (EVN) has reported an after-tax loss of VNĐ26.77 trillion (US$1.053 billion) on high electricity production costs, including higher fuel prices and rising foreign exchange rates. In 2023,...
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