Paper enterprises urged to prepare for upcoming FTAs Business

Paper enterprises urged to prepare for upcoming FTAs

Domestic paper businesses have been urged to improve their products' quality and competitiveness when the country enters into Free Trade Agreements (FTAs), experts said.

Statistics from the General Department of Customs showed that in the first five months of the year, the country's total turnover of paper and paper products was 49 million USD, while its import turnover reached 174.5 million USD, or 3.5 times higher than that of its exports.
Business

Trade sees 1.87 billion USD deficit in first half of May

Vietnam exported 6.32 billion USD worth of commodities in the first half of May, a decrease of 9.5 percent compared over the previous fortnight, the General Department of Customs reported.

Meanwhile, the country's imported goods were worth 8.19 billion USD, an increase of 34.7 percent compared to the second half of April.

This meant the country's trade deficit was 1.87 billion USD for the first two weeks of May. This compares to a trade deficit of 3.7 billion USD from the beginning of the year.
Business

Wood processing sector faces market risk: expert

Vietnam, a world wood processing centre, is facing a high market risk as the country’s wood sector remains dependent on imported materials while its export markets are becoming stricter in wood origin and legality, said an expert in the sector.
FTAs’ effects on Vietnam under spotlight Business

FTAs’ effects on Vietnam under spotlight

Participation in free trade agreements (FTAs) will help Vietnam improve its market economic institutions, boost both domestic and foreign investment and increase competitiveness, stated Deputy Minister of Industry and Trade Tran Quoc Khanh.
Vietnam sees trade deficit in first two months Business

Vietnam sees trade deficit in first two months

Vietnam experienced a trade deficit of 61 million USD in the first two months of 2015, compared to a 1.35 billion USD surplus in the same period last year, according to the Ministry of Industry and Trade.
Aquatic exports face substantial challenges in 2015 Business

Aquatic exports face substantial challenges in 2015

Vietnam’s aquatic exports will experience significant challenges in 2015, although the sector’s export revenue has recorded an annual increase of 18 percent, reaching 7.9 billion USD in 2014, said the Ministry of Agriculture and Rural Development.
Business

Garment sector restyles production model

Vietnam's garment and textile sector is exerting efforts to renovate its production methods so it could maintain its status as one of world's largets garment producers.
PM welcomes former RoK President Politics

PM welcomes former RoK President

Prime Minister Nguyen Tan Dung hosted a welcome reception for the former President of the Republic of Korea (RoK) Lee Myung-Bak in Hanoi on October 21.
Business

Vietnam’s economic integration taken to next level

To make inroads into non-traditional export markets, where consumers give first preference to Vietnamese products, the country has undertaken an extensive global marketing strategy on a number of fronts that is showing early signs of success, radio The Voice of Vietnam (VOV) reported on September 15.
Business

Tay Ninh achieves remarkable export growth

The northwestern province of Tay Ninh generated almost 1.3 billion USD in export revenues during the first eight months of 2014, representing a year-on-year increase of 18.8 percent.