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Tag Archive for ‘Import’

Vietnam moving from energy exporter to importer: workshop

Vietnam is transforming from an exporter into an importer of energy to ensure its energy security, heard a workshop held in Hanoi on August 24. Vietnam’s energy demand has increased rapidly over the last 15 years, with a commercial energy growth rate of about 9.5% each year. It is forecast to continue rising strongly in […]

HCM City looks to beef up agriculture cooperation with Australia

Ho Chi Minh City and Australia have high potential for cooperation in agriculture, especially high technology farming and cattle breeding, said Nguyen Thanh Phong, Chairman of the municipal People’s Committee. At a meeting with Anne Ruston, Australian Deputy Minister of Agriculture and Water Resources in the city on August 23, Phong said that Ho Chi […]

Raising Vietnamese export brands

Accelerating exports to the markets that Vietnam has signed free trade agreements (FTAs) with, improving product quality and making a difference for products are the main ways of helping Vietnamese enterprises increase their exports in the current climate. According to Nguyen Phu Hoa, Deputy Head of the Ministry of Industry and Trade’s Import and Export […]

For an ASEAN economy of integration, high growth and sustainable development

2017 marks a significant milestone in the development process of the Association of Southeast Asian Nations (ASEAN), as the bloc celebrates its 50th founding anniversary. From a region divided by differing political stances, ASEAN has since become a unified bloc of solidarity, close bonds and friendship, with the participation of 10 countries in the region, […]

VND expected to see end-of-2017 dip

The Vietnam dong is expected to depreciate by two percentage points at the end of 2017, ending a period of stability that lasted throughout the year. Since the start of this year, the USD/VND exchange rate remained relatively stable, hovering around VND22,700 to the dollar. However, this period of calm is likely to end soon, […]

Vietnam Exports 102,759 MT Pepper in Jan-Oct 2012

The export value increased 9.5% (60.6 million USD) and reached $697 million of which black pepper ushered in $564.4 million and white pepper $132.2 million. From the beginning of January to end of October, Vietnam exported 102,759 metric tons (mts) of pepper which included 88,435 mts black pepper and 14,324 mts white pepper, the total […]

More Opportunities For Vietnamese Exporters To The US

Huge customer demand makes the US a promising market for Vietnam. Domestic businesses must therefore enhance their capacity to exploit the market to best advantage. According to HIS Global Insight, a world-leading economic forecasting company, the US’s import demand will increase slightly from US$2,312 billion in 2012 to US$2,334 billion in 2013. Alibaba.com—a business-to-business (B2B) trading floor—says that despite a recent slump, the US still tops the list of orders for products from Vietnam, accounting for 10 percent of the country’s total export earnings compared to 12 percent in 2011. The General Department of Vietnam Customs claims that during the…

Vietnam Putting an End to Dollarization

According to schedule, to 2015 – 2016, deposits and loans in foreign currency will be fully terminated in the Vietnam market. According to the roadmap against the gold and dollarization of the Vietnamese Government, gold influence will be demolished by 2012 and dollarization by 2015. ‘Goldization’ should have ended on November 25 last year, but […]

Vietnam lawmakers debate ways to reinvigorate economy

HA NOI (VNS)– Questions about how to provide businesses with access to loans, settle bad debts, manage the gold market and ensure dam safety fueled a heated question and answer session yesterday between National Assembly deputies and Government officials. Answering a question about the gap between world and domestic gold prices, State Bank of Viet Nam governor Nguyen Van Binh said that when the domestic gold price went up, the government in the past had to import gold to stabilize the market, which could negatively affect foreign currency reserves. He said the government had…

Vietnam Exporters Become The Victims Of Nasty Tricks In Foreign Markets

VietNamNet Bridge – Export companies have complained that the situation has become increasingly strained towards the end of the year. Importers would be ready to play nasty tricks to control the import prices. Too many kinds of tricks to play It is now more difficult than ever to export products. Exporters not only have to move heaven and earth to borrow capital, arrange material import deals, but also think about how to deal with the tricks played by importers to disturb the export. Nguyen Van Dao, General Director of Go Dang Company, related that importers would send small groups of…