Fdi

This was the focus of the Supporting Industry Forum 2019, held in Ho Chi Minh City on December 13. Deputy Minister of Industry and Trade Do Thang Hai said leather-footwear is one of the key exporting industries of Vietnam. With an annual export growth rate of over 10 percent, the industry earned the country approximated 20 billion USD in 2018 and over 10 billion USD in the first half of 2019. The Vietnam Leather, Footwear and Handbag Association (Lefaso) forecast this year’s leather-footwear exports at some 21.5 billion USD, up 10 percent from 2018. Vietnamese footwear has been shipped to more than 100 countries, including 50 with imports worth over 1 million USD from Vietnam. The largest markets are the US, the EU, China, Japan and the Republic of Korea. Vietnam is the world’s second biggest footwear exporter, and this industry is now a great contributor to the national economy, Lefaso said, noting that many companies have expanded production, renovated technology and … [Read more...] about Forum urges leather-footwear sector’s actions to grasp chances

A Vietcombank office in the city of Can Tho. Vietcombank (VCB) was one of the strongest gainers in the banking group last week, climbing by more than 4 per cent. — VNA/VNS Photo Thanh Liem The Vietnamese stock market was entering an accumulation phase and may experience ups and downs with low or moderate liquidity, analysts said. The VN-Index on the Ho Chi Minh Stock Exchange (HOSE) lost 0.21 per cent to end Friday at 966.18 points. The benchmark index totalled an increase of 0.27 per cent last week. An average of 234 million shares worth almost VND4.5 trillion (US$193.2 million) were traded on the southern market. The market may experience choppy trading sessions next week as many events will take place, such as the maturity of futures contracts or portfolio restructuring activities of ETFs, according to Tran Xuan Bach, senior analyst at the Bao Viet Securities Company (BVSC). The VN-Index is likely to continue to fluctuate in the area of 955-971 points next week. It still … [Read more...] about Shares to experience choppy trading next week