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Tag Archive for ‘Taiwan’

Bình Dương urges investment in hi-tech fields

The southern province of Bình Dương will focus on the attraction of investment in hi-tech industries that are less labour intensive and more environmentally friendly. The statement was made by Trần Thanh Liêm, chairman of Bình Dưong People’s Committee, at his meeting with James Ha, chairman of South Korea-based Sae-A Group, held in Bình Dương […]

Binh Duong calls for investment in less labour-intensive industries

The southern province of Binh Duong will focus on attracting investment in hi-tech, less labour-intensive and environmentally friendly industries in the time ahead. Chairman of the provincial People’s Committee Tran Thanh Liem made the remark while meeting with CEO of the Republic of Korea (RoK)’s Sae-A group James Ha on September 5. Liem noted his […]

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 […]

Wealthy Vietnamese shoppers prefer to purchase products online

In Vietnam, e-commerce has posted weak annual growth in the fast-moving consumer goods market over the past five years, said Kantar Worldpanel in a recently released report on the Asian market. Unlike the North Asian markets of China, Taiwan and the Republic of Korea, which posted robust growth, online commerce is still dwarfed by other […]

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 […]

Foreign companies enlarge, Vietnamese firms struggling to survive

Contrary to the bleak situation of domestic companies, many foreign direct investment (FDI) corporations have not only grown in term of invested capital but also overpower in some Vietnam’s key export sectors. While domestic companies are struggling for survival, foreign invested corporations are enlarging manufacturing, especially in Vietnam’s key export sectors. Textiles, leather, plastic, mechanical, etc., seem to be Vietnam’s strength for low cost labour, simple technology, but export increasing mostly comes from foreign invested companies. Only in term of capital, in October, there were 359 FDI projects registered to capital increasing with the amount of 3.8 billion US dollars, 12.3…

Vietnamese assembled mobile phones top exports to UAE

The export earnings of Vietnamese-assembled mobile phones to the United Arab Emirates (UAE) hit $728 million in the first 7 months of this year, accounting for 67 percent of Vietnam’s total export revenues to UAE. The remaining exports items earned a total export turnover of $357 million over the same period, according to Vietnam’s trade office in the Middle East market. In the structure of exported goods to UAE, mobile phone is the new exports items accounting for a…

Vietnamese Tire And Inner Tube Makers In Tougher Competition

As the competition in the local tire and inner tube market gets fiercer, local manufacturers now find it really difficult to fight for their shares with foreign-invested companies using higher technology, a local industry source said. Nguyen Quoc Anh, chairman of the HCMC Rubber and Plastics Association, told a conference in HCMC on Wednesday that […]

Vietnam’s Troubles Take a Toll on Chinese Exporters

Vietnam’s economic slowdown is proving a tough hurdle to overcome for mainland Chinese and Taiwanese plastics industry exporters, although some of them say they continue to see long-term potential there. Chinese and Taiwanese firms outnumbered exhibitors from everywhere else at the recent VietnamPlas show in Ho Chi Minh City, but there was cautious tone among […]

Experts urge corporate tax cuts in Vietnam

HA NOI (VNS)— Experts called for the corporate income tax (CIT) to be cut from 25 per cent to 20 per cent as soon as next year to help enterprises overcome the economic downturn and accelerate production. The current rate of 25 per cent was higher than other countries in the region, President of the Viet Nam Chamber of Commerce and Industry (VCCI) Vu Tien Loc said. Thailand recently cut its CIT from 30 per cent to 23 per cent, while those of Japan, South Korea and Taiwan hovered around 15-17 per cent only on small and medium ones. Loc also…