Tag Archive for ‘India’

Vietnamese leader Nguyen Van Binh attends third Eastern Economic Forum

Head of the Vietnamese Party Central Committee’s Economic Commission Nguyen Van Binh is currently attending the third Eastern Economic Forum which opened in Vladivostok city, Russia, on September 6. This year’s forum themed ‘The Russian Far East: Creating a New Reality’ has attracted the participation of nearly 5,000 delegates who are State leaders, entrepreneurs, experts […]

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 […]

Low VAT rates in Vietnam benefit the rich more than the poor: World Bank

Despite widespread public opposition to raising VAT rates, a World Bank chief economist argues otherwise. Moving forward with tax reforms is important for Vietnam to ensure sustainable growth and macroeconomic stability.Vietnam’s tax-to-GDP ratio has fallen over recent years, from 23.5% of GDP in 2010 to 19.1% of GDP in 2015. This is mainly because of […]

Vietnam spends billions of USD on pharmaceutical products import

Vietnam has spent billions of US dollars on the import of pharmaceutical products every year, according to the statistics from the General Department of Vietnam Customs. By August 15, imports of pharmaceutical products have hit US$1.712 billion, up 5.8% against the same period last year. Most of the products were imported from France, India, the […]

Vietnamese exporters urged to follow rules

Vietnam should strictly follow and continuously update its policies and regulations when exporting products to the United States, which is considered a difficult market with rigorous requirements. This issue was discussed by delegates at a forum on Food Security titled “Market Development for Vietnamese Goods”, co-hosted by the American Chamber of Commerce in Vietnam (AmCham […]

Vietnam consumer confidence at record high: Nielsen study

Vietnam ranks the fifth most optimistic country globally with an index score of 117 in the latest Consumer Confidence Index released by Nielsen, its highest score in the past five years and up five points from the last quarter of 2016. The report also finds that consumers in Southeast Asia continue to be among the […]

Vietnam rubber exports up 58 % in 7 months of 2017

Vietnam exported 634,995 tons of rubber to get US$1.1 billion in the first seven months of this year, up 12.2% in volume and 58.4% in value against the corresponding period last year, according to the General Department of Vietnam Customs. In July alone, 151,138 tons of rubber were shipped abroad with a value of US$225.5 […]

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 […]

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…

Air route to link Russia, Cam Ranh via UAE

HA NOI (VNS)— There will be direct flights from Chelyabinsk Airport in Russia to Cam Ranh, the central coastal city of Viet Nam, and Sharjah in the United Arab Emirates (UAE), according to Interfax-Ural News Agency. The monthly frequency of flights to popular winter tourism destinations in Egypt will also increase significantly. Flights to Hurghada (currently 20 flights) will triple and flights to Sharm El Sheikh in Egypt (currently 10 flights) will double as compared to last year, according to a press release from the airport. Flights to Bangkok and Phuket in…