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BINH DINH — Measures to accelerate Viet Nam's wood and seafood exports to the European market were highlighted at a seminar held in the central province of Binh Dinh on Thursday. During the event, experts from these sectors in the province and Germany reviewed exports to the EU. A number of challenges and potentials for exports were also put...
Posted date: Sat, 19 May 2012 - From: Trade News
HA NOI — Petroleum importers have made a windfall profit of VND700-800 (US$0.033-0.038) per litre of oil over the past month as world oil price falls have not been fully reflected in retail prices. Meanwhile, some distributors have increase commissions to retailers to nearly VND1,000 per litre in a scramble for market share. World oil...
Posted date: Sat, 19 May 2012 - From: Trade News
HA NOI — Tuna exports to the Middle East market up to the middle of April reached US$9 million, a year-on-year increase of nearly 17 per cent, reported the Viet Nam Association of Seafood Exporters and Producers (VASEP). VASEP said the Middle East held potential for Vietnamese tuna exporters with around 6 per cent of total exports heading to...
Posted date: Sat, 19 May 2012 - From: Trade News
HA NOI — Two-way trade turnover between Viet Nam and Brazil in the first quarter of the year reached US$366.8 million, up 32 per cent over the same period last year, according to statistics from the Brazilian Ministry of Development, Industry and Foreign Trade. During the period, Viet Nam exported $195 million worth of products including...
Posted date: Sat, 19 May 2012 - From: Trade News
LAI CHAU — An understanding on mining and processing rare earth in northern Lai Chau Province's Tam Duong district was signed with Japan yesterday. Lai Chau-VIMICO Rare Earth Joint Stock Co and the Japanese Dong Pao Rare Earth Development Co have agreed to join hands through two phases of the project. The first phase is to research and set...
Posted date: Sat, 19 May 2012 - From: Trade News
HCM CITY — Viet Nam, the world's largest pepper exporter, is expected to ship 120,000 tonnes worth US$800-850 million this year, more than a fifth up in value, according to the Viet Nam Pepper Association (VPA). Though export volumes are likely to remain virtually unchanged, average global prices of black and white pepper have increased by...
Posted date: Sat, 19 May 2012 - From: Trade News
HCM CITY — Pepper, sugar and cotton fibre may be listed for trade on the Viet Nam Commodity Exchange (VNX) under a proposal by the Ministry of Industry and Trade (MoIT). At a seminar held on Tuesday in HCM City, participants agreed that these items would satisfy the diverse needs of commodity traders. Vu Hong Son, general director of Ocean...
Posted date: Fri, 18 May 2012 - From: Trade News
HCM CITY — The fifth support-industry exhibition will be held concurrently with two others on machine tools and electronic technology in HCM City from October 4-6. The Japan External Trade Organisation (JETRO) in HCM City and the HCM City Investment and Trade Promotion Centre (ITPC), organisers of the support-industry expo, signed a contract...
Posted date: Thu, 17 May 2012 - From: Trade News
HCM CITY — Three hundred cows imported from Australia by the Viet Nam Dairy Products JSC (Vinamilk) arrived in HCM City aboard a Malaysia Airlines chartered flight on Tuesday night. The cows were taken to a company dairy farm in the Central Highlands province of Lam Dong where they will be held separately for a period before being allowed to...
Posted date: Thu, 17 May 2012 - From: Trade News
Viet Nam can maintain economic growth of 5.8 per cent and reduce inflation to 9.8 per cent this year, according to the United Nations Economic and Social Commission for Asia and the Pacific (UN ESCAP). Shuvojit Banerjee, economic officer at the Bangkok-based UN ESCAP, said that declining inflation would help Viet Nam stimulate consumption and...
Posted date: Fri, 11 May 2012 - From: Trade News
Bilateral trade between Viet Nam and Laos topped US$232 million during the first quarter of this year, up 57 per cent year-on-year, according to the Ministry of Industry and Trade. Of the total, $96 million came from Viet Nam’s exports, up 78 per cent over the same period last year. The two countries plan to foster trade promotion efforts and...
Posted date: Thu, 10 May 2012 - From: Trade News
Businesses from the Republic of Korea (RoK) not only want to increase trade promotion and export-import activities, but also develop trademarks and relations with Vietnamese partners. The General Director of Korea Industrial Complex Corporation Chae Byeong Yong made this statement at an exchange seminar between Vietnamese and RoK businesses...
Posted date: Thu, 10 May 2012 - From: Trade News
HA NOI — Logistics contracts have decreased significantly in the wake of a sharp fall of import-export orders, industry insiders said. Pham Quang Thang, a senior executive of FedEx, an express forwarding firm, told Thoi Bao Kinh Te Sai Gon (Saigon Economic Times) that the number of logistic orders had been on the decrease; a drop of 30-40 per...
Posted date: Wed, 09 May 2012 - From: Trade News
The Minister of Industry and Trade urged authorities in the north-western provinceof Dien Bien to work on strengthening exports to nearby markets of Chinaand Laos. Minister Vu Huy Hoang made the suggestions during a visit to Dien Bien, where he urged local Government and business leaders to focus on the coffee, rubber, tea and minerals...
Posted date: Tue, 08 May 2012 - From: Trade News
Trade turnover between Vietnam and India reached nearly 937 million USD in the first quarter of this year, an annual decline of 7.25 percent, reported the Vietnam Overseas Trade Office in India. It affirmed that despite the decline, India remained one of the country’s 10 biggest trade partners. Thanks to a free trade agreement signed more...
Posted date: Tue, 08 May 2012 - From: Trade News