Business

Specifically, the first half of the year saw the estimated production value of enterprises reach a figure of US$7,451 billion, down 5.8% over the same period from last year, therefore reaching only 37.2% of the set plan. Export value stood at US$6,946 billion, an annual fall of 2.6%, with import value US$5,979 billion, down 24.2% over the same period. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES JULY 10

Pham Thanh Kien, director of the Ho Chi Minh City Department of Industry and Trade, says that some Vietnamese goods entering ASEAN which use outdated technology are only suitable for export to Laos, Cambodia, and Myanmar. While in markets that boast large purchasing power such as Thailand and Singapore, Vietnamese goods have failed to truly dominate. In an effort to boost exports to the ASEAN market, local firms must strive to scrutinise the quality of goods, he notes. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES JULY 11

“At a time when the disease is spreading in other countries, including the United States, we want to contribute more to the international community. Since the beginning of the pandemic, we have allocated five percent of Dony's entire revenue, from apparel to cloth masks, to the community,” Anh said. … [Read more...] about Vietnamese businesses donate 1.4 million medical supply units to US

In the short-term, if we look at the statistics of Vietnamese goods exported to the US in the first quarter of this year, it’s not very positive because only a few groups of goods have positive growth. The rest have seen negative growth. When the COVID-19 pandemic is over, exports won’t be the same as before. … [Read more...] about New momentum for US-Viet Nam trade relations

According to the report of the country's industrial production and trade in the first six months of this year, the consumption index of the manufacturing industry in June this year increased by 8.1 percent compared to the previous month and 3 percent over the same period last year. In the first six months of the year, this index edged up by 4.3 percent over the same period last year, of which some sectors saw a strong increase in the consumption index, such as coke production, refined petroleum products with an increase of 14.7 percent; paper and paper product production with an increase of 12.1 percent; textiles with an increase of 7.3 percent; chemicals and chemical product production with an increase of 7 percent; cigarette production with an increase of 6.8 percent. The industries posted low increases or even decreased in the consumption index were precast metal product production with an increase of 0.8 percent; food production and processing with a decrease of 0.2 percent; … [Read more...] about Enterprises suffer high inventory