MoIT celebrates soaring export turnover in 2018 The $245 billion in total export turnover and 29 export categories exceeding the $1 billion threshold are touted as a major success for the Ministry of Industry and Trade (MoIT). The rosy export picture was highlighted as one of the achievements of the MoIT in 2018 at the review meeting held on January 17. Notably, last year, Vietnam’s total export turnover reached $245 billion, up 13.8 per cent on-year and exceeding the target set by the National Assembly and the government. 29 goods categories reached $1 billion in turnover, with five categories hitting $5 billion and five others $10 billion. Vietnam’s export markets expanded and now Vietnamese goods are present in almost all markets of the world. Numerous goods categories have set a solid foothold in key markets, including Europe, the US, Japan, and Australia. Especially, Vietnam saw an increase in export turnover in markets it signed free trade … [Read more...] about BUSINESS NEWS IN BRIEF 23/1
Vietnam motorbike tour expert
BUSINESS NEWS IN BRIEF 9/12
Online Friday kicks off with 5,000 promotional products Online Friday 2018 officially kicked off on December 7, with 5,000 products at promotional prices of 0 VND or with prices reduced by 80 to 90 percent, according to event organiser the Vietnam E-commerce and Digital Economy Agency (IDEA) under the Ministry of Industry and Trade. Around 3,000 businesses registered to join the programme. Around 120,000 buyers can access the website onlinefriday.vn or the Online Friday app at the same time. Many big brands participate such as Samsung, Jetstar, Vinamilk, Lazada, Shopee, Tiki, Lotte, Adayroi, The gioi di dong (Mobile World), Yes24, FPTshop and ViettelStore. Delivery businesses such as VnPost, Nijavan, Lalamove and Snailship would support firms by reducing delivery costs for the event. Twenty banks will join in cash-back programmes to help customers use card payments. To ensure product and service quality, the organiser told firms to provide certificates of origin. The organiser … [Read more...] about BUSINESS NEWS IN BRIEF 9/12
Weekly roundup: Development plans, expat income, October tips and more
Vietnam 16th top country for expat earnings: HSBC survey An annual HSBC survey says expats in Vietnam earn an average of $90,408 a year, ranking 16th in the world. Vietnam should prioritize local factories for high-speed railway: senior official The north-south high-speed railway should be seized as an opportunity for the country’s manufacturing sector and labor, a senior official says. Why October is the best time to touch down in Vietnam October is here and many of Vietnam’s travel destinations are shining brightly. Here are five reasons why the country is worth having on your itinerary. Tickle your taste buds at Hanoi market food court Hanoi’s Thanh Cong Market may not have made it to travel guide bucket lists, but its lure is irresistible to the capital’s foodies. HCMC officials not keen on city expansion An expert says HCMC needs to become bigger to tackle several ongoing problems, but municipal authorities are not enthused. … [Read more...] about Weekly roundup: Development plans, expat income, October tips and more