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Xinhua world economic news summary at 0900 GMT, April 11

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HANOI -- Vietnam's insurance premium revenue in the first quarter of this year continued to drop to more than 53.29 trillion Vietnamese dong (2.13 billion U.S. dollars), down 4.3 percent from a year earlier, the General Statistics Office has reported.

Of the total revenue, the life insurance sector accounted for 33.74 trillion dong (1.35 billion dollars), down 10.9 percent year on year, and the non-life insurance sector contributed more than 19.55 trillion dong (782 million dollars), up 9.8 percent year on year, Vietnam News reported Thursday. (Vietnam-Insurance Premium Revenue)

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YANGON -- Myanmar earned over 8.8 billion U.S. dollars from the export of manufactured goods in fiscal year 2023-24, the Ministry of Commerce reported on Thursday.

The figure, down from the 10.94 billion dollars recorded for fiscal year 2022-23, included over 3.3 billion dollars from the government sector and over 5.5 billion dollars from the private sector, the ministry said. (Myanmar-Export)

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SEOUL -- South Korea's foreign exchange (FX) trading grew in the first quarter due to higher demand for U.S. currency and derivatives, central bank data showed Thursday.

The daily average transaction of foreign currencies and foreign currency derivatives in the local interbank market stood at 35.08 billion U.S. dollars in the January-March quarter, up 3.23 billion dollars compared to the prior quarter, according to the Bank of Korea. (South Korea-Forex Trading)

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WELLINGTON -- New Zealand household saving was 424 million NZ dollars (253.66 million U.S. dollars) in the December 2023 quarter as household net disposable income exceeded spending for the third consecutive quarter despite cost-of-living pressures, according to the statistics department Stats NZ on Thursday.

"Across all households, saving has remained positive despite cost-of-living pressures," said Stats NZ national accounts institutional sectors senior manager Paul Pascoe. (New Zealand-Household Saving) Enditem

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