Several toy makers of the US are intending to move their production facilities in China to other markets, including Vietnam, due to concerns about negative effects from the US-China trade war.
(VNF) – Export value of wood and wooden products reached USD494 million in January 2015, an 8.2% reduction over a year earlier, according to estimated statistics by the Ministry of Agriculture and Rural Development.
Vietnam has become China’s second largest ASEAN trade partner in 2014, only after Malaysia, the China-ASEAN Business Council (CABC)’s report revealed on January 30th.
Three foreign ships arrived in Quang Ninh province and handled 66,000 tonnes of goods and 129 containers on January 1st.
(VNF) - The Nam Dinh provincial People’s Committee’s policy on the construction of a road junction connecting Nam Dinh sea economic zone to CauGie – NinhBinh expressway has been agreed by the Prime Minister (PM).
Dried food products are usually checked thoroughly to ensure quality and safety at supermarkets. But at traditional markets, there is no such tight control on the input. Many traders are displaying dried food products in plastic bags without labels and expiry dates. They even pack dried food with any brand if buyers require. Thus, these products of prestigious brands are easily being mixed with low quality ones by dishonest traders for bigger profits.
(VNF) - As many as 520 Vietnamese enterprises will be awarded the title High-quality Vietnamese Goods voted by local consumers in a ceremony on February 5th in Ho Chi Minh city.
(VNF) - As many as 6,867 new enterprises were established in Vietnam in January 2015, with a registered capital of VND31.7 trillion, the same number of projects as a year earlier but a year-on-year decrease of 27.5% in capital, according to the General Statistics Office (GSO).
(VNF) - Vietnam-Brazil two-way trade turnover will likely reach around USD4 billion in 2015 thanks to trade promotion activities and measures to expand markets, said economic experts.
Vietnam earned an estimated USD1.95 billion from exports of agro-forestry-fishery products in January, a year-on-year decline of 13.8 percent, according to the Ministry of Agriculture and Rural Development.
Vietnam’s exports massively outperformed its peers for 2014, with a gross domestic product (GDP) growing 5.98% on-year at a time when shipments from many members of ASEAN were falling, reported the Voice of Vietnam.
Experts said the State Bank of Vietnam (SBV) will succeed in keeping the VND-USD exchange rate from fluctuating to below 2 percent this year, reported the Vietnam News Agency.
(VNF) - Prime Minister (PM) Nguyen Tan Dung has made a decision to establish Tuyen Quang provincial Investment Promotion Centre.
The European Chamber of Commerce (EuroCham) in Vietnam on January 22nd announced the Business Climate Index (BCI) for the fourth quarter of 2014, showing business confidence, prospects and expectations improved significantly.
The Vietnam Cashew Association (Vinacas) reported that roughly 306,000 tonnes of locally produced cashew kernels were shipped abroad in 2014, generating more than USD2 billion and representing an annual increase of 17.4 per cent. Annual revenue grew by 21.9 per cent.
The Vietnamese economy experienced a year full of difficulties and pressures in 2014 but thanks to the efforts of the Government to pursue a consistent economic regulation policy, figures have revealed a brighter picture regarding the performance of the Vietnamese economy.
The President of the Animal Production Processing Import and Export Co., Doan Trong Ly told the Nguoi lao dong (The Labourer) newspaper that only Vietinbank had cut its interest rate from 9 per cent to 8.7 per cent so far this year. Other banks still kept their rates unchanged, Ly said, adding that his company was borrowing from Agribank at the rate of 9 to 10 per cent annually.