Wood industry regains growth momentum Business

Wood industry regains growth momentum

Despite a tough year due to the COVID-19 pandemic, the national wood sector looks set to achieve its export turnover target of 12 billion USD, and some wood processing businesses have so many orders while they are in short of workers to complete them, according to the Vietnam Timber and Forest Product Association (Vietforest).
Bright prospects for fisheries sector in final quarter Business

Bright prospects for fisheries sector in final quarter

The COVID-19 pandemic could provide a good opportunity for the Vietnamese fisheries sector to increase its share in oversea markets, especially with foreign rivals engulfed by lockdowns or other forms of restrictions, experts have said.
Vietnam’s production decreases in August Business

Vietnam’s production decreases in August

The Vietnam Manufacturing Purchasing Managers' Index (PMI) fell to 45.7 in August from 47.6 in July as the effects of COVID-19 led to a deterioration of business conditions in the country’s manufacturing sector, the latest survey by IHS Markit released this week showed.
Textile-garment exports to continue declining Business

Textile-garment exports to continue declining

The Vietnam Textile and Garment Group (Vinatex) forecasts the country’s textile and garment exports will continue to decline by 14-18 percent each month for the rest of 2020 over the same period last year.
Binh Duong’s wood exports up slightly in first half Business

Binh Duong’s wood exports up slightly in first half

Wood and wooden product exports in the southern province of Binh Duong hit more than 1.7 billion USD in the first half of 2020, up 0.6 percent year-on-year and accounting for 14.5 percent of the local total export value of 11.9 billion USD.
Vietnam’s H1 exports feel brunt of COVID-19 Business

Vietnam’s H1 exports feel brunt of COVID-19

Vietnam’s exports in the first half of 2020 totalled 121.2 billion USD, down 1.1 percent from the same period last year, as the COVID-19 has taken a serious bit out of the country’s economy, according to the Ministry of Industry and Trade.
Manufacturing output returns to growth in June Business

Manufacturing output returns to growth in June

The Vietnamese manufacturing sector returned to growth in June as success in suppressing the coronavirus pandemic and greater business confidence helped lead to renewed expansions in output and new orders.
Garment exports forecast to plummet due to lack of orders Business

Garment exports forecast to plummet due to lack of orders

Vietnam's garment and textile exports in the first four months fell 10 percent year-on-year to 10.63 billion USD and could fall much further as buyers cancelled orders due to COVID-19, according to the Vietnam Textile and Apparel Association (Vitas).
Seafood exports to drop 5 percent in Q2 Business

Seafood exports to drop 5 percent in Q2

Vietnam’s seafood exports will continue to see reductions in next few months due to the pandemic, with a slight year-on-year decrease of 5 percent to 2 billion USD in the second quarter, according to the Vietnam Association Seafood Exporters and Producers (VASEP).
Garment exports fall 6.6 percent in four months Business

Garment exports fall 6.6 percent in four months

The total textile and garment export value in the first four months of this year dropped by 6.6 percent year-on-year to 10.64 billion USD, according to the Vietnam Textile and Apparel Association (Vitas).