Trade Foreign trade value seen exceeding US$500 billion this year The Saigon Times Daily Friday, Dec 13, 2019,17:42 (GMT+7) Foreign trade value seen exceeding US$500 billion this yearThe Saigon Times Daily Workers process fruit for export at a factory owned by Nafoods Group. Vietnam's foreign trade value may exceed US$500 billion this year - PHOTO: VNA HCMC - Vietnam is expected to enjoy a high trade surplus for the fourth consecutive year and its import-export revenue may surpass US$500 billion this year, according to the Ministry of Industry and Trade. At a regular press briefing by the ministry in Hanoi on December 12, Deputy Minister Do Thang Hai said that the country had a trade surplus of US$2.68 billion in 2016, US$2.7 billion in 2017 and US$7.58 billion last year. The figure may exceed US$9 billion this year. In January-November this year, export revenue grew 8%, while import spending expanded 6.6% over the … [Read more...] about Foreign trade value seen exceeding US$500 billion this year
Who makes great value products
Coating, printing ink firms need to be greener
At the event (Photo: VNA) HCM City (VNS/VNA) - With consumers paying increasing attention to the effects of paint and printing ink products on human health and the environment, producers need to develop more eco-friendly products, a seminar heard in Ho Chi Minh City on December 12. Speaking at the seminar on Vietnam paint and printing industry towards making safe and environmentally friendly products, Nguyen Thi Lac Huyen, chairwoman of the Vietnam Paint and Printing Ink Association, said the industry has been growing at 10 per cent a year on average and now sales top over US$1 billion annually. The products not only meet domestic demand but are also increasingly exported, she said. Vu Thi Hung of the Chemical Agency’s Vietnamese Centre for Emergency Response, said, “The average paint output per capita in Vietnam is still low; so the industry’s growth opportunity is still very large.” The printing ink segment is expected to grow along with the … [Read more...] about Coating, printing ink firms need to be greener
Vietnamese beverage giant nourished by founder’s timeless vision
Tan Hiep Phat Beverage Group (THP) is celebrating its 25th anniversary this year. Its CEO and founder, Dr. Thanh, is thinking beyond their $3 billion revenue target in the next 10 years. The aim is to make it a business which remains sustainable for at least a century, if not centuries. Tran Qui Thanh, CEO and founder of Tan Hiep Phat. Isn’t it too early to consider a 100-year plan since Tan Hiep Phat is just 25 years old? When we talk about aspirations, we mean our desires for the future. 25 years ago, when my wife and I started out in the beverage industry, we wanted to grow the company to become the top in Vietnam, then in Asia. People thought that was my wishful thinking because at that time I had nothing ... no brand, no product, no manufacturing line, no corporate governance system. However, we have invested, worked hard and done everything to make that dream come true. We always try to be better than we were yesterday, with the attitude that nothing is impossible. Now … [Read more...] about Vietnamese beverage giant nourished by founder’s timeless vision
Local seasoning Mr. Cook for healthier local residents
Mr. Cook (Ong Bep) giving these spices as a gift for poor women The launching ceremonies of the Mr. Cook (Ong Bep) brand of condiments in Hanoi and numerous provinces recently was sizzling with excitement from the more than 300 attendees, most of whom were housewives looking to try the “Made in Vietnam” nutrition products that have already conquered most southern provinces and are making serious headways in overseas markets like Japan and Europe. To start its conquest of the northern provinces on a high note, each participant was presented with a gift bag of 10 Mr. Cook spice and seasoning products by Nguyen Huynh Dat personally. As the creator of leading multinationals of the spice world for the Vietnamese market for more than 20 years, Nguyen Huynh Dat, CEO of Vietnam-Japan Food Industries JSC – Mr. Cook’s brand owner, was confident that customers would straightaway see the difference between Mr. Cook’s naturally fermented soybean soy sauce and spice … [Read more...] about Local seasoning Mr. Cook for healthier local residents
Phú Thọ prioritises investment projects using modern technology
Production at the Sông Hồng Garment Company in the Yên Lập industrial zone, Phú Thọ Province. This province gives priority for projects using advanced technology. Photo baophutho.vn PHÚ THỌ - The northern province of Phú Thọ will prioritise investment projects using advanced technology and high-quality labour to improve production value, Phan Trọng Tấn, Vice Chairman of Phú Thọ Provincial People's Committee told Vietnam News Agency. The province resolutely eliminates projects that are likely to cause environmental pollution and waste large amounts of land and labour. Phú Thọ will continue to restructure agricultural production towards increasing added value, applying scientific advances and developing hi-tech agriculture. The agricultural sector will have large-scale production and value chains and strengthen linkage of production, processing and consumption. It will also expand … [Read more...] about Phú Thọ prioritises investment projects using modern technology