Economy

Dai Phong has two hi-tech wheat flour production factories with total capacity of 2 tons of rice per day (equal to 123,000 tons of wheat flour per year). It has cooperated with Japan to set up Intermix Joint Venture. Representative from the association said through the working visit, the city’s enterprises worked with the company to become Dai Thanh’s distribution agents. T.HAI –Translated by K.L … [Read more...] about HCMC & Can Tho enterprises develop new distribution channel

As a list, the ministry selected 225 enterprises of 24 sectors which have contributed in the country’s economic growth; promoted local export enterprises to foreign investors and helped them seek consumption markets… The selected enterprises reached all the ministry’s criteria of export turnover, prestige with partners and duties to the tax and customs. The annual event is also aimed to support local enterprises in promoting exports and expanding markets as the country has participated in multilateral & bilateral trade agreements. T.TRINH –Translated by T.Tran Tags: Vietnamese prestigious exporters 2017 the ministry of industry and trade bilateral trade agreement … [Read more...] about MIT announces 225 Vietnamese prestigious exporters

The event is under the city’s 2018 trade promotion program. Over 300 booths of 185 leading domestic and international enterprises are displaying their products at the exhibition The event is organized by the HCMC Department of Industry and Trade’s HCMC center for Supporting Industries Development. The Vietnam ETE and ENERTEC EXPO 2018 aim to introduce energy saving products, green energy of many enterprises and create favorable condition for local consumers to select best IT- energy saving products.MINH HAI –Translated by T.Tran Tags: energy saving products green power saigon exhibition convention center HCMC … [Read more...] about 185 leading domestic & in’t enterprises join in VN ETE 2018

In order to complete its goal, Vocarimex said it would focus on boosting sales to industrial customers; developing and expanding export markets as well as consumption into the new markets. It also strives to become the leading Vietnamese enterprise in supplying vegetable oil products. In 2017, Vocarimex’s net revenue reached VND 4,4trillion with VND 300 billion of pre-tax profit. It completed 150 percent of its target and passed 50 percent.YEN LAM-Translated by T.Tran Tags: vegetable oil products export market … [Read more...] about Vocarimex plans to expand export markets

The signed agreements include: the project to develop I-Town urban area worth US$ 350million; the $ 64 million project of manufacturing construction technology for apartment. Earlier, the group and Soibuild Singapore jointly developed the 1,600-apartment project at Hanoi highway, HCMC worth nearly US$ 100million. In addition, the group boosted also cooperation development with Japanese and Korean enterprises. M.TRAM-Translated by K.Lien Tags: C.T group Soibuild Singapore forum … [Read more...] about C.T Group & Singapore enterprise sign cooperation development

Tra fish fillet is the main product contributing in the VHC’s export value to gain a growth rate of 45 percent over previous years. The VHC announced the first quarter of 2018, it gained a year on year growth of 30 percent in export value to reach US$ 75.6million, equal to VND 1,701billion although export volume reported a slight decrease of 3 percent but export value gained a rise due to a hike in the selling price.   DO DOAN –Translated by T.Tran Tags: tra fish fillet product export value … [Read more...] about VHC’s export value up 30 percent in 1st quarter

 Vietnam aims to earn 8.5 billion USD from exports of wood and timber products in 2018 (Photo: Infonet) 2017 marked a successful year for Vietnam’s agro-forestry and seafood sector with growth rate of more than 2.9%, surpassing the government’s target of 2.8%. Vietnam’s timber export to key markets increased sharply reaching 8 billion USD. Among agro-forestry products, wood and timber ranked first in export turnover, making up 27% of the sector’s total revenue. Strong growth of wood exports was seen in key markets such as the US, accounting for 43% of total turnover, followed by China, Japan, and South Korea. In recent years, Vietnam’s wood exports to the EU reached 650 to 700 million USD, accounting for about 10% of the national export value. Once the Vietnam - EU Free Trade Agreement takes effect, it will create a breakthrough for exports to this market. In major wood markets in the world such as the US, the EU, and Japan, Vietnam’s … [Read more...] about Vietnam targets 9 billion USD from wood exports in 2018

 Yellowfin tuna is one of main export items to Japan. (Photo: Minh Long/VOV) According to the Ministry of Agriculture and Rural Development, Vietnam earned 419 million USD from rice export in the first 2 months of this year, 34% higher than last year. Other farm produce saw increases in both export volume and value, including coffee, tea, cashew nuts, vegetables, cassava, and cassava products.  Rice is one of Vietnam’s key hard currency earners (Photo: dantri) But to increase exports, Vietnam needs to meet import standards set by CPTPP member countries and other demanding markets like the US, South Korea, and the EU. Vietnam’s farm produce has been exported to 180 countries and territories around the world. Vietnam is among the world’s 15 biggest agricultural exporters. In 2018, the Ministry of Agriculture and Rural Development hopes to earn 41 billion USD in export turnover, of which the farming sector will contribute more than 21 billion USD, … [Read more...] about Prospects for Vietnam’s agro-forestry-fishery exports

Ho Chi Minh City (Photo: vov.vn) HCMC witnessed positive signals in the first 2 months of this year. In January, its exports reached 3.4 billion USD, up nearly 32% from last year, contributing more than 1.6 billion USD to the State budget, up 10%. The industrial development index rose more than 15% and the garment sector signed a number of export deals, 70% of them with US partners. In the first month of 2018, the city established more than 2,800 new firms with a total registered capital of more than 860 million USD, up 23%. Tran Tuan Long, President of Thiết Thạch Construction Investment JS Company, said: “I hope that Vietnam and HCM City will achieve even more outstanding economic achievements than last year, a stellar year for the Vietnamese economy. I hope the business community will thrive and help Vietnam's economy thrive this year.” Returning to HCMC during the first days of this year, Le Ngoc Lam, a Vietnamese living in Japan, was surprised by how … [Read more...] about New prospects for Ho Chi Minh City in 2018