Economy News

Economy

Skyrocketing Durian Prices in Vietnam Due to Unprecedented Shortage

Due to high export demand, especially from China for the Lunar New Year, durian prices in Vietnam's Tien Giang Province have surged by 54%. Vietnam is currently the only market wit...

Economy

Vietnam Nets $341M from Foreign Suppliers in 2024, Marking a 26% Tax Revenue Surge

Vietnam achieved a significant milestone by collecting $341M in taxes from foreign suppliers in 2024, marking a 26% increase. Despite challenges in cross-border e-commerce tax mana...

Economy

December Sees a Sharp Decline in Australian Manufacturing Activity

The Australian manufacturing sector's health worsened in December, with the PMI dropping to 47.8, indicating a contraction. S&P Global's report highlights the impact of domestic an...

Economy

October Marks Historic High in US Oil Production Amid Surging Demand

US crude oil production hit a record 13.46 million barrels per day in October, driven by the highest demand levels since before the pandemic, despite lower crude prices. Distillate...

Economy

October Sees a 0.4% Increase in US House Prices, FHFA Reports

The Federal Housing Finance Agency reports a 0.4% increase in US house prices in October, with a 4.5% annual rise. The Middle Atlantic division saw the highest growth, while the Pa...

Economy

October Sees a 3.6% Surge in US Home Prices: A Closer Look at the S&P/Case-Shiller Report

In October, US home prices increased by 3.6% annually, with New York leading at a 7.3% rise. The S&P CoreLogic Case-Shiller report highlights city-wise performance and expert insig...

Economy

President Xi Jinping Forecasts a 5% GDP Growth for China in 2024

Chinese President Xi Jinping predicts a 5% GDP growth for China in 2024, urging for reforms and strategic resolve to navigate future challenges and strengthen international relatio...

Economy

South Korean Won Hits Record High Against USD Since 1997 Financial Crisis

The Korean won-U.S. dollar exchange rate has surged to nearly 1,500 won, the highest since the global financial crisis, with the fourth-quarter average reaching 1,398.75 won. This ...