Vietnam’s export turnover of garment-textile and leather shoes during January-July grew 10.5 percent year-on-year to 18.34 billion USD, the Ministry of Industry and Trade (MoIT) said on August 9.
Domestic production has faced strong competition as the US and China are increasing exports to Vietnam on the back of their escalating trade war, head of the Ministry of Industry and Trade’s Trade Remedies Authority of Vietnam Le Trieu Dung said on August 9.
Some banks have unexpectedly announced they would cut interest rates on VND loans in the Government’s priority sectors to support firms in 2019, starting from August 1.
Foreign investors are diving into developing liquefied natural gas (LNG) and gas-fired power projects in Vietnam, in part due to country’s growing demand for electricity.
Domestically-made drugs have met nearly half the demand of Vietnamese people in treatment and prevention of diseases, while the country has successfully produced 12 out of 13 types of vaccines used nationwide.
Vietnam’s steel production and consumption in the first half of 2019 recorded respective increases of 7.7 percent and 9.8 percent year-on-year, according to the Vietnam Steel Association (VSA).
Ho Chi Minh City recorded a year-on-year rise of 12.2 percent in total retail sales and consumer service revenue to nearly 600 trillion VND (25.8 billion USD) in the first half of 2019.
Vietnam needs to take concerted measures to ensure national energy security, experts said at a conference on the role of the oil and gas sector in ensuring energy security held in Hanoi on July 18.
Prime Minister Nguyen Xuan Phuc has ordered ministries and sectors to devise active and practical plans to promote domestic production, create more jobs, and ensure harmonious trade relations with key partners of the country in the principle of equality and mutual benefits.
Prime Minister Nguyen Xuan Phuc has required ministries, sectors and localities to focus on completing all socio-economic targets set by the National Assembly.
The Ministry of Industry and Trade’s Trade Remedies Authority of Vietnam has received petitions from Hung Nghiep Formosa Ltd Company and Youl Chon Vina Plastic JSC which request an anti-dumping investigation on Biaxial Oriented Polypropylene (BOPP) film originating from China, Thailand and Malaysia.
The Ministry of Industry and Trade (MoIT) has announced temporary anti-dumping duties on colour-coated steel sheets originating from China and the Republic of Korea (RoK), which take effect from June 25.
Indonesia will focus on promoting e-commerce as a way to boost economic growth.
Vietnam has become the second largest exporter of lychees in the world, accounting for 19 percent of the global market share, according to the International Society for Horticultural Science (ISHS).
The railway industry can increase the localization rate of locomotives and wagons if policy mechanisms and shortcomings of capital are lifted in order to promote the development of the sector.
The dairy industry's revenues grew at 12.7 percent a year on average in 2010-18, and the momentum is expected to continue thanks to an increase in milk consumption in the country, according to the Vietnam Dairy Association.
Vietnam’s self-sufficiency for crude oil could come to an end due to exploitation that could turn the country into a net importer of crude oil for the first time, experts warned.
Vietnam is an attractive market for the automobile industry, Malaysian Ambassador to Vietnam Dato Mohd Zamruni Khalid said at a workshop on business opportunities in automobile spare parts manufacturing between the two countries in Hanoi on April 18.
