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Fibre, yarn exports surge over last seven months

Vietnam’s fibre and yarn exports reached 750,000 tonnes, worth more than 1.85 billion USD, over the past seven months, surging 17 percent in volume and 26.5 percent in value against the same period last year.                                                           ...

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Vietnamese shrimp again welcome in Australia, but…

 Australia has lifted the ban it imposed in January on the import of uncooked Vietnamese shrimp products. Vietnamese companies may resume importing raw prawns caught in Australia for processing and re-export them to Australia for consumption. The decision was made after Australia’s Department of Agriculture and Water Resources received written confirmation from the National Agro-Forestry-Fisheries Quality Assurance Department under Vietnam’s Ministry of Agriculture and ...

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Local company exports sprayers to Cuba, Myanmar

Duc Dat Plastic Company in the Tan Tao industrial zone plans to export around 16,000 sprayers used in agriculture and industry valued at US$120,000 to Cuba and Myanmar. The company’s Vice Director Tran Thi Mai Trang said both nations are new markets Duc Dat has made their foray since late last year, adding that it is very important for her firm to explore the ...

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Entrepreneurs are the pillar of the Vietnam economy

The domestic private sector in Vietnam is still relatively underdeveloped and faces major challenges said speakers from the Ministry of Planning and Investment at a recent economic forum in Hanoi                               In a keynote address, Minister Bui Quang Vinh told the audience that since Doi Moi reforms began in the ...

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Do not panic about trade deficit from South Korea

It was stated by Mr. Le An Hai, Deputy Director of Asia-Pacific Market Department, Ministry of Industry and Trade in an interview with Customs Newspaper on Vietnam-South Korea bilateral trade. Trade relations between Vietnam and South Korea in the past years have faced an increasing trade deficit. Is this the concern, Sir? In 2016, the total bilateral trade turnover of Vietnam - South Korea ...

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Leather business needs to soar from internal power

Export of leather and footwear industry has been positive, but the problem is that more than 80% of export turnover belongs to FDI enterprises. What should we do to change the balance of export turnover towards sustainable growth is a matter for the leather industry in the future.   Domestic footwear companies should take advantage of opportunities for the expansion of investment and production ...

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Stiff import competition – an opportunity for the fresh fruit segment

Fresh fruit imports into the major metropolitan areas of Vietnam have been growing rapidly since the beginning of the year, thanks in part to the country’s growing middle income population, experts have said.                              This new-found class is spawning the emergence of a new generation of Vietnamese consumers willing to spend ...

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Local textile, garment firms yet to reap FTA benefits

Domestic garment and textile firms have for the most part missed out on the much touted benefits of free trade agreements FTAs that Vietnam has signed experts said at seminar on August 2                                      The firms in the country that have taken advantage of FTA breaks is ...

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Growing a digital economy in Vietnam

Vietnam should use emerging information technology including cloud computing, e-commerce and the internet of things to shore up the digital economy, said experts at the second Vietnam Private Sector Forum.                                 The digital economy has enormous potential, General Secretary Dao Huy Giam, of the Forum said at the seminar ...

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Vietnam’s 22 years of membership in ASEAN

July 28 marks the 22nd anniversary of Vietnam’s admission to the Association of Southeast Asian Nations (ASEAN).                               Over the past 22 years, Vietnam has consistently considered ASEAN a foundation and one of top priorities of its foreign policy. Vietnam has worked closely with other ASEAN members to boost integration ...

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