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Vĩnh Long Province targets economic growth of at least 8 per cent this year after an excellent first half.

According to a report from the ministry sent to the Prime Minister on public investment disbursement, around VNĐ318.6 trillion (US$12.2 billion) had been disbursed by the end of June.

The PM also further directed the 18 out of 34 provinces and cities that have yet to formulate action plans for implementing Resolution 68 to do so without delay.

Under the draft decree on casino business currently open for public feedback, the ministry suggests ticket prices of VNĐ2.5 million (US$95.32) per day or VNĐ50 million ($1,906) per month for Vietnamese players.

Favourable hydrological conditions have propelled hydropower firms to impressive financial results, while thermal power companies struggle with declining production and profitability.

Currently, the EU accounts for around 40 per cent of Việt Nam’s total coffee exports, making it the country’s largest consumer. 

At a conference held on Monday in Hà Nội, SBV Deputy Governor Phạm Thanh Hà said that stabilising deposit rates and reducing lending rates are key tools to promote economic recovery and maintain macroeconomic stability.

The policy, effective from 15 September this year, prioritises capital consolidation over shareholder payouts and signals a shift from broad-based encouragement to more selective oversight.

Due to the recovery of production and export activities, businesses have stepped up the import of raw materials to serve the production of export orders.

The sector ran a trade surplus of $11.5 billion, up by 15.9 per cent from the same period last year, driven by robust performance of major farm producers and stronger demand from key markets.