Large seafood enterprises have set higher revenue and profit targets this year thanks to positive growth prospects of the seafood export market, especially the US and EU.
The world’s largest electronic component and computer manufacturer Foxconn is moving some iPad and MacBook assembly to Vietnam from China at the request of Apple Inc, Reuters quoted a person with knowledge of the plan as saying.
Camboida is preparing for its first shipment of beef to the Chinese market, according to the Cambodian Ministry of Agriculture, Forestry and Fisheries (MAFF).
The General Department of Customs will focus on cracking down origin frauds and illegal transshipment as violations are becoming more rampant and complex as Vietnam integrates more deeply into the global economy.
Google and Microsoft are accelerating efforts to shift production from China to Southeast Asian countries, including Vietnam, amid the worsening novel coronavirus (SARS-CoV-2) outbreak, the Nikkei Asian Review reported.
The domestic leather and footwear industry was in good shape to reach its goals this year, according to Phan Thi Thanh Xuan, Vice Chairwoman and General Secretary of the Vietnam Leather and Footwear Association (Lefaso).
Below is a recap of ten of the year’s most consequential headlines impacting consumers, investors and financial markets worldwide chosen by the Vietnam News Agency.
Below is a recap of ten of the year’s most consequential headlines impacting consumers, investors and financial markets worldwide chosen by the Vietnam News Agency.
Despite facing an array of difficulties in export markets and particularly challenges in removing the European Commission (EC)’s “yellow card” warning against illegal, unreported and unregulated (IUU) fishing, the domestic fishery sector has worked out measures to make use of export opportunities.
Southeast Asia’s GDP growth is likely to remain at 4.5 percent in 2020, amid high risks of a re-escalation in trade tensions between the US and China, according to the latest report produced by the British advisory firm Oxford Economics.
Vietnam’s benchmark VN-Index last week ended at its 13-month high but its struggle on the last two days signalled growth had stalled and it would move sideways in the coming week.
The escalating US-China trade war has made Vietnam’s trade gap with China widen to 29.5 billion USD in the first 10 months of 2019, up 47.9 percent from the same time last year, according to insiders.
Vietnam’s export revenue slid 0.8 percent year on year to 22.4 billion USD in October as shipments of telephones and spare parts fell substantially, according to the Ministry of Industry and Trade.
Priorities in Asia’s trade and economic policies in 2020 were the focus of a workshop which was held late October in Jakarta, Indonesia, attracting the participation of Indonesian and foreign economists and scholars, besides Indonesian policy makers and foreign diplomats.
Malaysian Finance Minister Lim Guan Eng has said the permanent reorientation of the global supply chain due to the US-China trade war can be a golden opportunity to attract new investment and reverse Malaysia's premature deindustrialisation.
Singapore on October 14 decided to ease monetary policy for the first time in more than three years as the national economy has narrowly avoided recession in the third quarter of 2019.
The local plastic industry, with solid growth in shipments, will surely meet its yearly export target of 3.2 billion USD, according to the Vietnam Plastics Association.
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