• Vietnam faces budget pressures as administrative costs surge

    04:07 PM @ 09/12/2024
    Vietnam’s state budget struggles to balance revenues and spending, with over VND 1 quadrillion ($41.67 billion) annually allocated to maintaining the administrative apparatus.
    Vietnam’s fiscal landscape reveals a heavy strain on resources, with the bulk of state spending allocated to maintaining the administrative apparatus. This underscores the urgent need for streamlining government operations to optimize budget efficiency.
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  • OPEC+ output cuts turned US into top energy exporter

    04:38 PM @ 05/12/2024
    Igor Sechin, the head of Russia's largest oil producer Rosneft, said on Thursday that the OPEC+ group's decisions to reduce oil output in 2016 and 2020 helped the U.S. shale industry and made it a leading global energy exporter.
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  • Russia-ASEAN Trade Exceeds $17Bln With 10% Growth in Nine Months

    03:14 PM @ 05/12/2024
    The trade between Russia and member states of the Association of Southeast Asian Nations (ASEAN) has increased by 10% in January-September, exceeding $17 billion, Russian Deputy Minister of Industry and Trade Alexey Gruzdev on Wednesday said during a business forum held in Malaysia.
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  • China’s Trade Reprisals May Extend to Minerals Like Rare Earths

    03:27 PM @ 04/12/2024
    China isn’t short of options when it comes to critical minerals that could be used as counters in a trade war with the US.
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  • Dollar rises marginally against dong

    10:01 AM @ 04/12/2024
    The U.S. dollar rose slightly against the Vietnamese dong and jumped to an all-time high against the Indian rupee Tuesday afternoon.
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