The Hanoitimes - Recently, Kazakhstan has been going through major political changes, on this occasion, Kazakhstan Ambassador to Vietnam Beketzhan Zhumakhanov shared with Hanoitimes his view on the matter and the cooperation prospects with Vietnam in the future. Kazakhstan – Vietnam ties developing in all spheres: Ambassador Cooperation between Hanoi and Kazakhstan capital of Astana promoted Hanoi has vast potential to become a modernized city: Kazakhstan Ambassador Strengthening Vietnam-Kazakhstan bilateral trade relationship Kazakhstan Ambassador to Vietnam Beketzhan Zhumakhanov. Photo courtesy: Kazakhstan embassy in Hanoi. Kazakhstan's President Nursultan Nazarbayev has resigned after three decades in power, while the capital city's name has also been changed from Astana to Nur-Sultan. What is your view of these significant changes, and how do they impact Kazakhstan's diplomatic policies in the future, especially with Vietnam? On March 19, … [Read more...] about Large room remains for Kazakhstan-Vietnam trade and economic cooperation: Amb.
Vietnam exports and imports
Vietnam exporters too dependent on imported materials
Vietnamese enterprises are dependent on imported materials Nguyen Van Tuan from the Vietnam Cotton & Spinning Association (VCOSA) said the textile & garment industry has seen 2-digit growth rates in the last few years, but the development has been uneven, mostly because of the reliance on material imports. “Vietnam’s fabric production, including weaving and dyeing, is weak, thus creating a ‘bottleneck’ in the industry,” he said. In 2017, Vietnam had to import 6.5 billion meters of fabric out of total 9.5 billion of fabric needed. Except for foreign invested enterprises (FIEs) which own entire supply chains, only several Vietnamese companies have dyeing workshops. However, the workshops are small and produce products of medium quality. As for the footwear industry, Nguyen Duc Thuan, chair of the Vietnam Leather, Shoes & Handbags, said many Vietnamese enterprises making synthetic, high-end leatherette, metal accessories and sewing thread … [Read more...] about Vietnam exporters too dependent on imported materials
Vietnam’s export-import likely to hit record USD 500 bln in 2019
(Photo for illustration) The 2018 figure reached USD 480.17 billion, over USD 52 billion higher than that in 2017. The country’s export-import hit US$100 billion in 2007, USD 200 billion in 2011, USD 300 billion in 2015 and USD 400 billion in 2017. The local economy openness index was estimated at 196 percent last year. Exports and imports increased by 13.2 percent and 11.1 percent, respectively. The year 2018 marked the third consecutive year that Vietnam posted a trade surplus. Statistics by the department showed that as of January 10, 2019, the country’s trade surplus hit an all-time high of nearly USD 6.8 billion, compared to USD 2.11 billion in 2017 and USD 1.78 billion in 2016. Source: VNA … [Read more...] about Vietnam’s export-import likely to hit record USD 500 bln in 2019
Vietnam’s export-import likely to hit record 500 bln USD in 2019
Illustrative image (Source: VNA) Hanoi (VNA) – Vietnam’s export-import turnover is likely to hit a record 500 billion USD in the fourth quarter of 2019, up 5 percent from 2018, according to the General Department of Vietnam Customs. The 2018 figure reached 480.17 billion USD, over 52 billion USD higher than that in 2017. The country’s export-import hit 100 billion USD in 2007, 200 billion USD in 2011, 300 billion USD in 2015 and 400 billion USD in 2017. The local economy openness index was estimated at 196 percent last year. Exports and imports increased by 13.2 percent and 11.1 percent, respectively. The year 2018 marked the third consecutive year that Vietnam posted a trade surplus. Statistics by the department showed that as of January 10, 2019, the country’s trade surplus hit an all-time high of nearly 6.8 billion USD, compared to 2.11 billion USD in 2017 and 1.78 billion USD in 2016.-VNA … [Read more...] about Vietnam’s export-import likely to hit record 500 bln USD in 2019
WB Country Director’s speech at Vietnam Reform and Development Forum 2018
Vietnam Reform and Development Forum 2018 His Excellency Prime Minister Nguyen Xuan Phuc His Excellency Minister Nguyen Chi Dung Government Ministers, Leaders of government agencies, committees of the National Assembly, committees of the Party, Ambassadors, Heads of Development Agencies, Representatives of Private Sectors, Non-Government Organizations, Ladies and gentlemen, Good morning! Xin chào! It is my great privilege and honor to join Minister Dung in welcoming you to the Vietnam Reform and Development Forum 2018.I would like to thank all of you sincerely for arranging your schedule to be here today during a very busy time of the year.I would also like to thank the Ministry of Planning and Investment, all Development Partners and speakers for their strong collaboration leading up to today’s event. Twenty-five years ago, in November 1993, the first consultative group meeting for Vietnam was held in Paris. Since then, development partners have been accompanying Vietnam … [Read more...] about WB Country Director’s speech at Vietnam Reform and Development Forum 2018