Market outlook 2017 pdf

Vietnamese bananas on display at Lotte supermarkets across the RoK. — VNA/VNS Photo For Vietnamese products to enter foreign distribution channels, it was necessary to be more professional and stable in product quality, said experts. Foreign supermarkets such as Aeon, Lotte or MM Mega Market, which are operating in Viet Nam, are effective distribution channels to help consume and export Vietnamese goods. However, it seems that Vietnamese businesses have not taken advantage of it. In order for Vietnamese products to be sold through foreign distribution channels, the criteria for product quality and food safety and hygiene are a priority. In addition, goods put on supermarket shelves need to be supplied in a large quantity, uniform quality and high stability, however, many products of domestic companies have not met these criteria, according to experts. Consumers around the world are interested in many Vietnamese agricultural products, such as mango, banana, lychee, longan, … [Read more...] about Bringing Vietnamese goods into foreign distribution channels

The Hanoitimes - Vietnam should make effort to take use of its young and well educated labor force, said a report of the Asian Development Bank (ADB) launched today. According to the paper, Vietnam is set to continue its strong economic performance, with GDP growth forecast to rise to 7.1% this year, before easing back to 6.8% in 2019. ADB Country Director for Vietnam Eric Sidgwick believes in the country’s strong performance this year, aided by able macroeconomic management, economic growth will spurt in 2018. “Vietnam’s robust economic growth will be driven by vigorous manufacturing and export expansion, rising domestic consumption, strong investment fueled by FDI and domestic enterprises, and an improving agriculture sector,” he added. Illustrative photo The Asian Development Outlook (ADO) 2018 forecasts inflation to reach 3.7% on average this year, up from 3.5% in 2017, before edging up to 4.0% in 2019, as domestic demand and global commodity prices rise. … [Read more...] about ADB urges Vietnam to narrow workforce skills gap to remain strong growth

The National Economic and Social Development Council  upgrades its export growth forecast to 5.8 percent from 4.2 percent. (Photo: VNA) Bangkok (VNA) – The Thai government has pledged to revitalise tourism, stimulate domestic spending , and spur exports and investment to help economic growth reach its 4-percent target this year, local media reported. Deputy Prime Minister Supattanapong Punmeechaow said the government still maintains an economic growth target of 4 percent this year although various economic forecasting agencies have downgraded their outlook to only 2.7-3 percent growth. The Fiscal Policy Office (FPO) recently slashed Thailand's economic growth forecast to 2.8 percent this year, down from 4.5 percent in October 2020, while the Joint Standing Committee on Commerce, Industry and Banking maintained its economic outlook at 1.5-3.5 percent, despite the distribution of the COVID-19 vaccine. Supattanapong noted three factors, namely exports, domestic … [Read more...] about Thailand persists with 4-percent GDP growth target this year

Vietnamese and Japanese firms receive support to expand operations The Japan Trade Promotion Organisation (JETRO) will host an online scheme on March 3 in Hanoi aimed at connecting Japanese businesses in the field of manufacturing and production, known as Monozukuri in Japanese term to facilitate co-operation amid the negative impacts caused the COVID-19 pandemic. According to a representative from the JETRO, the business matching programme will see the participation of 40 Japanese companies for the purpose of accelerating the development of the country’s supporting industry. At present, the scheme has received registration for 50 negotiations from enterprises from Japan, Vietnam, and Taiwan (China), whilst it is still receiving registration from businesses wishing to purchase and seek Japanese suppliers in the Monozukuri field until March 1. A recent survey conducted by the JETRO unveiled that Japanese businesses remain keen on the Vietnamese market as the … [Read more...] about VIETNAM BUSINESS NEWS MARCH 5

HCM City: early start proposed for over VND4.8 trillion traffic project Traffic congestion on Cong Hoa road The Ho Chi Minh City management board for traffic works construction and investment has urged early completion of paperwork for construction on a road linking Tran Quoc Hoan and Cong Hoa roads to begin in December. Costing more than 4.84 trillion VND (211.2 million USD), the project is slated to complete in July 2023, in conjunction with the completion of the Tan Son Nhat international airport’s Terminal 3 The project, approved in December 2019, includes the building of a six-lane 4km road, an intersection tunnel, and a 1,200m overpass in front of the Terminal 3. Apart from the project, the city also conducting procedures to implement the expansion of Hoang Hoa Tham road and upgrading of Cong Hoa road around the Tan Son Nhat airport. The construction of both projects was initially set to begin in 2020 but it was delayed due to problems in site clearance./. … [Read more...] about VIETNAM NEWS HEADLINES MARCH 4