In 2019, Shopee’s gross merchandise value rose 71 per cent to $17.6 billion. Its adjusted revenue increased by 224 per cent to $942 million. However, its earnings before interest, tax, depreciation, and amortisation (EBITDA) index showed negative growth. The gross profit margin reflected that Shopee has been offering tremendous discounts to gain market share and accelerate turnover. … [Read more...] about Should SEA Group stop pouring capital in Shopee?
The most important fish in the sea
Imported frozen pork has not sold well in shops and supermarkets in HCM City despite cheap prices. At Xanh Supermarket in Binh Tan District, on Tuesday, a kilo of pig collarbone was priced at VND149,000 (USD6.47) compared to around VND209,000 a kilo of locally raised fresh pork. The imported pork sold in HCM City … [Read more...] about Imported pork faces slow sales despite cheaper prices
Exports of tra fish in the first half of March to the U.S. increased by 18.8 per cent year-on-year. Photo: baodautu According to the Vietnam Association of Seafood Exporters and Producers (VASEP), exports of the fish in the first half of March to the US increased by 18.8 per cent year-on-year. … [Read more...] about Tra fish exports to U.S., China rise in March
Hanoi (VNA) – The Ministry of Industry and Trade is seeking measures to boost exports in the second quarter of 2020. The Vietnam Trade Office in Singapore recently connected with Vietnamese and Singaporean industry associations to make use of trade opportunities. In February 2020, it arranged a trip for a group of Singapore’s fruit and vegetable importers to Vietnam to find supply sources. As of March 2020, the office had secured over 20 orders for various products such as coffee, instant noodles, sweet potato, and fruit. Meanwhile, the containment of COVID-19 in China has presented opportunities for Vietnam to boost its exports to the market. According to the ministry, customs clearance for exports to China at border gates in the north has gradually improved. As well as China, major markets like the Republic of Korea and Japan witnessed a recovery in March as the pandemic slowed. In January-March, Vietnam’s exports to China and Japan posted year-on-year growth … [Read more...] about Ministry seeks to boost exports in Q2
In addition, the Canadian market is showing demand for millions of medical supplies, such as single-use N95 face masks, single-use surgical masks, nitrile gloves, vinyl gloves, medical blouses, and protective medical gear, hand sanitiser, and protective eyewear, among others. … [Read more...] about Vietnam promotes medical supply exports to support international fight against COVID-19