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Tag Archive for ‘Malaysia’

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 […]

Vietjet carries 260,000 passengers during the Vietnam National Day holiday (September 2-4)

The low-cost airline Vietjet Air operated about 1,500 flights, serving nearly 260,000 passengers during the National Day holiday (September 2-4). The number of Vietjet Air’s passengers this holiday increased 27% year-on-year, with punctuality rate reaching 88.3%. The airline also launched various programmes during its flights, such as presenting gifts and domestic flight tickets to customers. […]

Vietnamese manufacturers ‘forget’ food market for Muslims

The food market for Muslims is vast, with estimated value of $580 billion worldwide, but Vietnamese enterprises still have no business strategies to conquer the market. Nguyen Phi Van, franchise advisor to the Malaysian government, met with 10 Vietnamese businesses before they attended a trade fair in Thailand in early August. The businesses included well-known […]

Vietnam’s paper imports from US rise high

Paper imports from the US skyrocketed 203.4% to 17,700 tons in the first seven months of this year, according to latest statistics from the General Department of Vietnam Customs. The Department reported that July was the second month of this year seeing a decline in paper imports with 169,900 tons valued at US$136.3 million, down […]

Old Navy opens the first store in Hanoi

Old Navy, one of the famous brands under Gap Inc. from the US, officially opened its first store in Hanoi at a prime location in Vincom Nguyen Chi Thanh. In particular, Old Navy debuted on September 1. On the 655-square-metre space at Vincom Nguyen Chi Thanh, the store displays the typical fashion products of the […]

Standing witness to Vietnam’s rise

On the occasion of Vietnam’s National Day on September 2, VIR gets an insight into foreign CEOs’ thoughts and feeling about the country’s vitality and development, and why Vietnam has become their home away from home. Ronan Le Bihan  CEO at Mango Bay Resort, Phu Quoc In 2002, I was offered a position for the […]

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 […]

Exports show their best face to Vietnam

A sharp hike in Korean cosmetics and food exports to Vietnam in recent years has prompted the need for firms from the two countries to step up bilateral investment and trade. Within many activities to celebrate 20 years of diplomatic ties between Vietnam and Korea (December 1992-December 2012), Korea Trade-Investment Promotion Agency (Kotra) hosted Hallyu Korean Wave Products Show from November 6-7, 2012 at Keangnam Garden west of Hanoi. It showcased several dozen booths with more than 40 Korean businesses whose products are favoured by Vietnamese consumers in electronics, household appliances, cosmetics and food. The opportunities for new emerging Asian markets to fuel…

Vietnam’s Crude Oil Exports in October Jump 26.4% on Year to 798,745 Mt

Vietnam exported 798,745 mt of crude oil in October, up 26.4% year-on-year, the General Department of Vietnam Customs said Tuesday. The export volumes were down 13.7% from September. The month-on month drop in the country’s crude oil exports was attributed to stable demand for domestic crude from its sole 6.5 million mt/year refinery at Dung […]