On the morning of April 17 in Hanoi market, the free USD buying price was about 25,520 VND/USD and selling price was 25,670 VND/USD.
– Fruit and vegetable exports to Korea and Thailand increased dramatically
In the first 3 months of the year, fruit and vegetable exports to major markets recorded high growth. Notably, the Korean and Thai markets had a sudden increase.
A quick report from the Vietnam Fruit and Vegetable Association (Vinafruit) said that fruit and vegetable export turnover in March was estimated at nearly 470 million USD, up 44.3% over the previous month and up 12.4% over the same period last year. period of 2023. Cumulatively in the first quarter of 2024, fruit and vegetable exports reached nearly 1.3 billion USD, an increase of 30.8% over the same period in 2023. This is the first time in history that vegetable export turnover Results reached over 1 billion USD in the first quarter.
Notably, the main export markets of Vietnamese fruits and vegetables such as China, Korea, the US, Thailand, and Japan all recorded high growth. Leading in export value is the Chinese market, reaching 759.4 million USD, an increase of 32.4% over the same period in 2023. Currently, the Chinese market accounts for 59.1% of the total export value of the entire industry. Vegetables.
Next, the Korean market reached 74.6 million USD, an increase of 59.3%; America reached 67.7 million USD, an increase of 33.9%. In particular, the Thai market reached 47.6 million USD, a sudden increase of 112%.
– IMF raises global economic growth forecast
On April 16, the International Monetary Fund (IMF) announced a slight increase in global economic growth forecast because economies have demonstrated ‘incredible resilience’ despite pressures from inflation and other economic conditions. changes in monetary policy.
The IMF report, quoted by CNBC news agency, forecasts a global growth rate of 3.2% for 2024, a slight increase of 0.1 percentage points compared to the forecast also issued by this organization previously. . By 2025, the IMF calculates that the global economy will continue to grow at the same rate of 3.2%.
IMF chief economist Pierre-Olivier Gourinchas said the global economy was heading for a “soft landing” while risks to the growth outlook were now balanced.
“Despite gloomy forecasts, the global economy remains remarkably resilient, with growth stabilizing and inflation slowing as quickly as it rose,” he said.
Growth is expected to be led by major economies including the US and the euro zone as looser fiscal policy, falling inflation and advances in artificial intelligence are seen as growth drivers. potential.
However, despite the bright outlook, the IMF’s forecast for global economic growth over a five-year period is only 3.1%, the lowest level in decades.
– Domestic coffee prices increased rapidly, approaching 120,000 VND/kg
Domestic and international coffee prices simultaneously increase day by day, breaking all historical peaks
On April 17, coffee prices in the Central Highlands provinces are approaching 120,000 VND/kg, at a common level of about 116,000 VND/kg, 1,500 – 1,600 VND/kg higher than the previous day.
Robusta coffee prices on the London floor also had an increase, highest at 4,058 USD/ton, exceeding the 1994 historical record of 4,040 USD/ton, and the average transaction was 4,005 USD/ton in monthly delivery. 5 to come.
Currently, the domestic coffee price converted to USD has exceeded 4,500 USD/ton, so businesses are having difficulty signing new export contracts. Businesses mainly sell goods stored in warehouses purchased from previous times.
Next July, Brazilian Robusta (Conilon) coffee will be harvested, the world coffee supply will be supplemented, so the price of coffee delivered for September and November 2023 terms will drop to about 3,800 – 3,900 USD/ ton.
