Vietnam’s biggest shipping firm, Vinalines, is also struggling as shipping activities in China and some other countries have dwindled. Many of its ship are lying idle in ports. … [Read more...] about Shipping firms in troubled waters as coronavirus hits trade
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Besides these advantages, the deal also brings certain challenges. Vietnam’s commitment to opening local markets to products and services from the EU will pose pressure to the local economy and businesses, as well as our products and services. This pressure, however, is positive and follows a suitable roadmap. More importantly, as the EU-Vietnam economic structure is highly supplemental, the competitive pressure would not be significant. … [Read more...] about Scrutinising the implications of new deals on Vietnam’s economy
Industry Agency Director Truong Thanh Hoai says Vietnam only participates in the low segment of the automobile industry value chain, and Vietnamese auto manufacturers heavily depend on the orders of global automobile corporations. They have not yet mastered such core technologies as engines, control systems, and transmission systems and therefore Vietnam’s automobile sector cannot be considered a real automobile industry, Hoai says. … [Read more...] about Vietnam’s industrial development, exports dogged by low added value
Vietnam export growth brings risk of charge of currency manipulation Increasing exports to the US, Vietnam is a step closer to the risk of alleged monetary manipulation as US President Trump tries to reach a trade agreement with China at a negotiation round this October. … [Read more...] about What if the US no longer considers Vietnam a ‘developing country’?
Accordingly, most food processing enterprises have been increasing their production capacity to fulfill their orders. The growth rate of the industry is forecast to be above 10 percent this year. Besides, the wave of investment of foreign enterprises has also been gradually increasing. The representative of Acecook Joint Stock Company said that the company has raised its production capacity to around 3 billion packs of instant noodles this year, at the same time, planned to continue to increase to around 4.5 million packs if the demand keeps escalating in the future. As for export, Mr. Mai Hoai Anh, Executive Director – International Sales of the Vietnam Dairy Products Joint Stock Company, said that after participating in the Gulfood Dubai 2020 trade fair, his company has just signed an export contract of milk and dairy products worth US$20 million. This is an opportunity for Vinamilk in particular and the food processing industry of Vietnam in general to promote export to the … [Read more...] about Food processing enterprises see sudden increase in number of orders