Earlier this month, Indonesian Minister of Energy and Mineral Resources Bahlil Lahadalia said that Indonesia could redirect up to 60% of its fuel imports away from Singapore over the next six months as part of a broader diversification strategy.
Indonesia’s Ministry of Agriculture has set a target of making the country the world’s largest palm oil producer by 2025, enabling it to influence global prices of the commodity.
The Hanoi real estate market in the first half of this year saw increases in villa and townhouse prices, although the market was still slow, according to a Savills report into the housing market in the capital released on July 11.
The prices of Vietnamese rice increased strongly in many foreign markets in the first half of this year, according to statistics from the General Department of Vietnam Customs.
The retail prices of E5RON92 bio-fuel and all petrol products increased from 3pm on June 27 following the latest adjustment by the Ministry of Industry and Trade, and the Ministry of Finance.
Sky-high property prices, exorbitant car ownership costs and expensive private medical care, among other factors, have kept Singapore the most expensive city for the super rich in 2024, according to a report by Swiss private bank Julius Baer.
Vietnam's coffee export value to Spain have increased by more than 100%, according to the Agency of Foreign Trade under the Ministry of Industry and Trade.
The Ministry of Agriculture and Rural Development said that Vietnam’s coffee output in the 2023–2024 crop year is estimated to decrease by 20% compared to the previous crop year, to 1.47 million tonnes, the lowest in four years, putting pressure on Robusta supply in the world market.
The International Monetary Fund (IMF) predicted that the recovery in manufacturing, tourism and consumer-facing services will create momentum for Singapore’s economy to grow by 2.1% in 2024, a pickup from 1.1% last year.
Apartment prices in Hanoi have witnessed a significant surge of 20-33% within the first two months of the year. This surge has led to a hesitancy among apartment owners to sell their properties, as the market continues to experience upward momentum.
The prices of Vietnamese coffee and pepper are forecast to continue increasing due to limited supply while the export of these products has also enjoyed relative growth, according to insiders.
Petrol prices were adjusted down from 3pm on February 22 by the Ministry of Industry and Trade (MoIT), and the Ministry of Finance due to falling global prices.
Indonesian authorities affirmed that they will continue to ensure an adequate food supply across the country, especially when Ramadan Month and Eid al-Fitr 1445 Hijriah are approaching.
Vietnamese electric vehicle (EV) maker VinFast signed the Letters of Intent with its first five dealers in Indonesia on February 16 while attending the Indonesia International Motor Show (IIMS) which is taking place from February 15 to 25.
Vietnam shipped 230,000 tonnes of coffee abroad in January, earning 623 million USD, up 61.6% in volume and 100.3% in value year-on-year, according to the Ministry of Agriculture and Rural Development.