Gold price hits peak near God of Wealth day, people rush to buy
Gia Lai will invest and expand logistics services for agricultural products.
On February 4, the Department of Industry and Trade of Gia Lai province said that agricultural export activities in the area have continuously grown in both scale and quality.
Currently, the province's agricultural products have reached 40 countries and territories through container shipments and transoceanic shipping vessels.
Gia Lai's export turnover has increased sharply in recent years, from 660 million USD in 2022 to 680 million USD in 2023 and is estimated to reach 800 million USD in 2024.
Of which, coffee is the main product with 210,000 tons, equivalent to 620 million USD; rubber latex reached 830 tons, equivalent to 1.25 million USD; wood products reached 2.1 million USD...
Leading coffee exporting enterprises in Gia Lai have revenue of thousands of billions of VND, typically Vinh Hiep Company Limited, Hoa Trang Import-Export Company Limited, Son Huyen Phat Gia Lai Company...
According to the Department of Industry and Trade, in addition to improving quality and deep processing, the province needs to develop a professional, modern and efficient logistics system.
Logistics services include transportation, storage, packaging, wrapping and delivery, helping to preserve large quantities of agricultural products and avoid damage due to weather.
With a large raw material area, investing in logistics is a key factor helping Gia Lai increase the value of agricultural products, optimize the supply chain and increase competitiveness in the international market. See more...
Stocks surge, USD fluctuates as US delays tariffs
Hong Kong stocks hit a two-month high, U.S. stock futures rose, and foreign exchange rates fluctuated as investors chased unexpected changes in U.S. trade policy.
S&P 500 futures rose 0.4% in trading on February 4. The dollar reversed losses against the Mexican peso and Canadian dollar after US President Donald Trump pledged to strengthen border controls and delay new tariffs.
The euro had a volatile session, falling to $1.0125 before rebounding sharply to $1.0320 within 24 hours. Mr. Trump's move shows that any decision can still be changed through negotiations. See more...
Arabica coffee prices continue to increase
On February 4, the domestic coffee market reversed and dropped dramatically after a series of consecutive peaks, decreasing by an average of VND2,500/kg per session, with the purchase price fluctuating between VND127,200 - VND128,200/kg. The average coffee purchase price in the Central Highlands provinces is VND128,100/kg.
On the other hand, the New York Arabica coffee market continued to push prices up. The March 2025 and May 2025 delivery periods were at 380.90 cents/lb and 374.35 cents/lb, respectively, up 0.81%.
New York Arabica coffee futures have moved in the opposite direction to the exchanges due to the impact of the constantly changing US dollar. According to traders, 70-80% of Brazil's current Arabica coffee stocks have been released to the market, while new transactions are relatively slow. See more...
