U.S. is largest market for Vietnamese shark catfish The Viet Nam Association of Seafood Exporters and Producers (VASEP) has projected that catfish export revenues in 2019 could continue to remain high at around US$2.2 billion. VASEP Deputy General Secretary Nguyen Hoai Nam stated that such a performance came as a result of years of efforts to build brands and improve quality. According to many experts, the U.S.-China trade conflict is producing a positive effect on certain Vietnamese exports, including shark catfish. In addition, when the Viet Nam-EU free trade agreement is signed, Viet Nam’s shark catfish exports to the EU could also be boosted as a result of tariff elimination for both raw and processed fish. Viet Nam’s General Directorate of Fisheries is working with enterprises to further enhance the quality of catfish fillets so as to bolster exports. However, challenges remain while Vietnamese catfish continue to face import restrictions … [Read more...] about U.S. is largest market for Vietnamese shark catfish
Three corporations top in the list including Viettel Group and Vinamilk, the largest dairy company in Viet Nam and Viet Nam Posts and Telecommunications Group (VNPT). Samir Dixit, Managing Director, Brand Finance Asia Pacific said that Brand Finance has used an advanced technique measures in line with the ISO standards to assess these brands. The program is to raise awareness about the significance of intangible assets, develop international-standard tools for measuring brand values, give advice on marketing campaigns in a bid to position brands successfully and improve competitiveness. This is the fourth time Brand Finance has conducted a brand valuation in Viet Nam. By Thuy Dung … [Read more...] about Top 50 Most Valuable Vietnamese Brands 2018 announced
Illustration photo Viet Nam has shipped footwear products to more than 100 countries, the five largest markets of the U.S., the EU, China, Japan and the Republic of Korea make up over 82% of the total footwear exports. Footwear shipments to the U.S. have risen by some 10%, and to China, the Republic of Korea and Japan by over 20%, mainly thanks to free trade agreements (FTAs) with these markets. Additionally, footwear and bag manufacturing orders will continue to be shifted from China to Viet Nam to wait for opportunities created by the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), taking effect in early 2019, and the EU-Viet Nam FTA, also expected to become effective next year. LEFASO Secretary General, Phan Thi Thanh Xuan said from January to November, the country earned US$14.61 billion from footwear shipments and US$3.07 billion from the export of suitcases and bags, up 10.9% and 3% from a year earlier. The sector targets roughly US$21.5 billion … [Read more...] about Footwear, bags exports estimated at US$19.5 bil.
Illustration photo It was brought down by Viet Nam, which is often not top of mind for stock investors. In fact, the communist country is still considered a frontier market by major index providers, meaning it's thought to be less established and riskier than even emerging markets. Singapore, meanwhile, is classified as a developed market. But Singapore's fall this year had little to do with Viet Nam's rise, experts noted. Instead, they said, the wealthy city-state's open economy means it's more affected by global developments and there were plenty of reasons for companies to hold back their listing plans in 2018. In 2018, Singapore has 13 IPO cases, mobilizing US$ 500 million after Viet Nam, Thailand, and Indonesia in the Southeast Asian region. Meanwhile, Viet Nam has five IPO cases worth US$ 2.6 billion, leading the region. Especially, Vinhomes made the largest IPO worth US$ 1.35 billion which is the largest one of this type in the region./. By Kim Anh … [Read more...] about VN surpasses Singapore as largest IPO fundraiser in Southeast Asia
Illustration photo Currently, with the export growth and favourable factors from foreign markets, the country’s seafood exports in the fourth quarter of this year are expected to rake in higher export value than during the same period last year. According to the directorate, aquatic output is estimated to reach nearly 3.6 million tons this year, up 5.96% over the previous year. Of the figure, export revenue of tra (pangasius) fish hit US$2.26 billion, up 26.4%, said Oai at a conference on December 24 to review the Directorate’s performance in 2018 and launch tasks in 2019. For 2019, the sector set its target of raising aquatic production value by 4.25% compared to 2018. Total aquatic output is expected to hit 7.9 million tons, while export revenue should take in US$10 billion, up 11.1%. According to seafood export processing enterprises, the end of the four quarter is typically the time when enterprises increase their purchases of raw materials and increase the … [Read more...] about Seafood exports rake in about US$9 billion in 2018