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Tag Archive for ‘Export’

Vietnam’s spending deficit sees sharp fall in eight months of 2017

Vietnam’s 2017 spending deficit as of August 15 fell by 63.8% from the same period of 2016, which the National Financial Supervisory Commission (NFSC) attributed to improved revenues from oil and export activities. Official data showed that the government revenues reached almost VND707 trillion (US$ 31.1 billion), up 17%, while spending was estimated at VND747 […]

Vietnamese catfish exporters need to unite as exports face trade barriers

Analysts say that Vietnamese catfish exporters are willing to ‘fight to the death’, but they refuse to band together to discuss solutions to settle common problems. Duong Ngoc Minh, called the Catfish King, chair of Hung Vuong JSC, deputy chair of VASEP (Vietnam Association of Seafood Exporters and Producers ) and chair of the Fresh […]

Vietnam to build customs bond system

The Global Alliance for Trade Facilitation (GATF) will help Viet Nam to establish a customs bond system – part of the country’s efforts to modernize and reform administrative procedures relating to import and export. The GATF and the Viet Nam Private Sector Forum (VPSF) launched their joint project on customs bond last Friday, aimed at […]

Vietnamese food exporters removed from US list as new regulations take effect

More than 1,000 Vietnamese companies have been removed from the list of companies allowed to export products to the US for failing to extend their registration. Many of them were apparently not aware of or understand new, strict regulations from the US. “We have been exporting rice to the US for three years. But we […]

Ho Chi Minh City’s economy on steady growth track

Ho Chi Minh City’s economy continued its steady growth in the first eight months this year, said the municipal authorities during a working session reviewing the city’s performance in the period on September 5. Speaking at the event, Director of the municipal Department of Planning and Investment Su Ngoc Anh said the total retail value […]

Vinacomin mines 24.58 million tonnes of coal in 8 months of 2017

The Vietnam National Coal and Mineral Industries Group (Vinacomin) has produced 24.58 million tonnes of coal in the first eight months of the year, accounting for 68.3 percent of the annual plan. Of the total output, 21.38 million tonnes were consumed domestically while 866,000 tonnes were exported, raking in over 35.3 trillion VND (1.55 billion […]

PAN Food acquires Bibica in latest merger

The PAN Food empire marches on: the company just announced its successful acquisition of Bibica Corporation with 50.07 per cent of total share ownership. PAN Food first put up public bids for more than 1.12 million Bibica shares, stock code BBC on the HCM Stock Exchange, from July 6 to August 21, 2017, at VND112,800 […]

Superior quality rice yields hope for Vietnamese farmers

Experts at a recent conference in Ho Chi Minh City urged Vietnam agriculture to move away from high-yield to superior quality rice varieties to best compete with other rice exporters in the Asian region such as India and Thailand. The European Union will offer the Vietnamese rice segment import duty-free tariff rate on increased quotas […]

Vietnam market to maintain upward trend in September 2017

It’s expected to be a strong September on the local stock market, as investors are maintaining confidence after positive economic data in August and a period of prolonged net buying by foreign traders. The VN-Index on the HCM Stock Exchange increased 2.2 per cent last week, with gains in four out of total five sessions. […]

New regulations on import and export in Vietnam

The Ministry of Finance has held a meeting to introduce changes in the list of Việt Nam’s export and import goods as per Circular No 65/2017 / TT-BTC. The new circular will take effect from January 1 next year. At the meeting on Friday, Đào Thu Hương, Deputy General Director of the General Department of […]