Vietnamplus

The Saigon International Autotech & Accessories Show (Saigon Autotech & Accessories) will return for the 17th edition in Ho Chi Minh City from May 21 to 24 next year.

Vietnam’s shrimp exports continued to shrink over the last 11 months in the face of fierce competition from other major exporters. But it is expected to make its way back next year with the EU-Vietnam trade deal coming into force.

Hanoi’s export turnover exceeded 15 billion USD in the first 11 months of 2019, a year-on-year surge of 18.4 percent.

New-generation Free Trade Agreements (FTAs) are expected to help Vietnam become more competitive if the country reduces trading costs and improves its business environment, experts said at a conference in Ho Chi Minh City.

Two-way trade between Vietnam and Israel hit around 899 million USD in the first 10 months of 2019, with Vietnam enjoying a trade surplus of 401 million USD.

November saw a new record in foreign arrivals at 1.8 million, according to General Statistics Office (GSO).

The Philippines on December 1 began evacuating thousands of people as powerful typhoon Kammuri is strengthening, said local officials.

While non-cash payments are admittedly on the rise, the cash payment habit and limited development of technology infrastructure are big problems for the country’s non-cash economy, experts have said.

Thailand's cross-border trade reached 1.12 trillion THB in the first 10 months of the year, a year-on-year fall of 1.94 percent, according to statistics from the country’s Commerce Ministry.

The Index of Industrial Production (IIP) in November saw the lowest rise since the beginning of 2019 at 5.4 percent, mostly due to the slowing-down of mining and processing-manufacturing sectors, according to the General Statistics Office (GSO).

The Consumer Price Index (CPI) of November increased by 0.96 percent compared to last month, the highest growth for November’s CPI in the last nine years.

Thailand's annual paddy production is forecast at 27-28 million tonnes in the 2019-2020 season, weighed down by a drop in production for the second crop because of flooding and drought.

Ho Chi Minh City posted a month-on-month rise of 0.52 percent in the consumer price index (CPI) in November, the municipal Statistics Office reported.

Consumer price index (CPI) in November rose by 0.96 percent compared to the previous month, according to the General Statistics Office.

Thailand’s National Economic and Social Development Council (NESDC) has confirmed the unemployment rate in the country in the third quarter of 2019 slightly increased to 1.04 percent, or about 394,000 people.

Joint efforts of Vietnam and the Republic of Korea (RoK) in dealing with difficulties to promote the bilateral comprehensive cooperation have resulted in miracles in partnership between the two countries, stated Prime Minister Nguyen Xuan Phuc.

The 10th joint conference of the Vietnam-Thailand Friendship Association and the Thailand-Vietnam Friendship Association took place in Da Lat city, the Central Highlands province of Lam Dong, on November 27.

Vietnam attracted 31.8 billion USD in foreign direct investment (FDI) in the first 11 months of 2019, up 3 percent year-on-year, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

The State Bank of Vietnam (SBV) has taken steps to tighten regulations over banks’ use of short-term deposits, reducing its ratio used to finance medium and long term loans from 60 percent now to 40 percent by September next year.

Vietnam and the Republic of Korea should enhance people-to-people diplomacy in order to elevate their ties to a comprehensive strategic partnership, according to Chol Young Joo, Chairman of the Korea-Vietnam Friendship Association (KOVIFA).