One hectare of mangrove forest has a carbon absorption capability five times higher than one hectare of terrestrial forests. This is an important source of blue carbon credits, a high-end, very valuable product from nature.

Last week’s recovery is viewed as a technical rebound following a recent sharp and significant decline. As a result, a potential correction scenario for the VN-Index cannot be ruled out.

Since the national reunification on April 30, 1975, Vietnam has obtained admirable economic achievements and is now on its way to become the 20th largest economy in the world.

The average daily power consumption for the April 15 to 21 week hit over 881 million kWh, up 2.4 million kWh compared to the previous week.

Tax administration data shows that revenue from e-commerce business activities amounted to VNĐ3.1 quadrillion (US$130.57 billion) in 2022, with taxes paid totalling VNĐ83 trillion.

Vietnam’s squid and octopus exports to the RoK are forecast to rise in the first quarter of 2024, she said, noting that shrimp is also a key aquatic export to the market.

Vietnam sent more than 35,900 labourers to work abroad under contracts in the first quarter of 2024, according to the Department of Overseas Labour under the Ministry of Labour, Invalids and Social Affairs (MoLISA).

Vietnamese enterprises invested US$98.3 million in 36 new projects aboard throughout the first four months of the year, marking a decline of 29.8% year on year.

The consumer price index (CPI) in April inched up 0.07% from the previous month and 4.4% year on year, mainly fueled by a petroleum price hike, the General Statistics Office (GSO) said on April 29.

Deputy Prime Minister Tran Hong Ha signed Decision 338/QD-TTg, dated April 24, approving a plan to implement the National Power Development Master Plan for the period of 2021 - 2030, with a vision to 2050 (Master Plan VIII).

The Government has proposed extending the 8% value-added tax (VAT) on certain goods and services until the end of 2024.

The extreme drought this year has resulted in water shortage and increasing salinity, making shrimp farmers face a serious profit loss due to shrimp mass deaths.

Global supply tensions are driving the world’s coffee export prices to high levels, with supply shortages potentially beneficial to large coffee-exporting countries like Vietnam.

Vietnam needs to develop solutions to encourage fast-paced e-commerce to embrace circular economy and reduce the dumping of plastic wastes towards protecting the environment.

The cinnamon sector needs to issue a reform strategy to keep Vietnam's position as the world’s biggest cinnamon exporter, which it has held since 2021.

The Ministry of Industry and Trade requests to ensure full traceability documents and records in purchase, consumption, export of rice to ensure no commercial fraud and preserve brand and reputation of Vietnamese rice.

Minister of Industry and Trade Nguyen Hong Dien believes that paying zero dong to electricity to be generated by rooftop solar power systems is a reasonable policy which could prevent profiteering.

As of April 15, Vietnam had exported 183,300 tons of cashew nuts worth $984.6 million, while it had spent $1.04 billion to import 834,000 tons of raw nuts. The trade deficit connected to the product has returned.

The amended VAT Law is set to be submitted for approval next month with new content, yet the common tax rate is still proposed at 10 per cent to help businesses through current turbulent times.

Vietnam’s rice exports this year are forecast to beat the earlier projection of 7.6 million tons, heard a conference on rice exports.