business

Dr. Bimal Mawandia (L), chairman of the Indian Silk Export Promotion Council, introduces Indian silk products to representatives of Vietnamese businesses at the Buyer-Seller Meet. (Photo: VNA) HCM City (VNA) - A delegation of business executives representing 30 Indian companies led by the chairman of the Indian Silk Export Promotion Council met their Vietnamese counterparts at the Buyer-Seller meet held in Ho Chi Minh City on May 21. The visitors were from companies producing silk, fabrics, ready-made garments, silk scarves, stoles, Pareo shawls evening wear, beachwear, fashion accessories, tops, bottoms, trousers, jackets, kaftans, bags, embroidered shawls, silk blended products, natural silk carpets and others. Bimal Mawandia, Chairman of the Indian Silk Export Promotion Council, said “India is promoting exports of all textiles. We are presenting the silk sector in India and as per the guidance of the Government of India, we want to increase exports and we are exploring … [Read more...] about Indian garment firms seek opportunities in HCM City

Outstanding individuals and collectives honoured on the occasion of 10-year implementation of the campaign "Vietnamese people prioritise using Vietnamese goods" (Source: VGP) Hanoi (VNA) – Deputy Prime Minister Vuong Dinh Hue has asked the Ministry of Industry and Trade and relevant departments to join hands to increase the value of Vietnamese brands to make inroads into international markets. He made the request at a conference in Hanoi on May 21 to review the 10-year implementation of the campaign “Vietnamese people prioritise using Vietnamese goods.” The Deputy PM told the ministry to continue improving the efficiency of its steering committee for the campaign while strengthening coordination with ministries and localities for domestic market development. Particularly, the market management forces must strictly handle goods smuggling and infringements of intellectual property rights. According to local departments of industry and trade, the rate of Vietnamese … [Read more...] about Deputy PM wants to increase value of Vietnamese brands

Illustrative photo (Source: plo.vn) Hanoi (VNA) - Vina T&T Import - Export Service Trading Co Ltd (Vina T&T) has said its mango shipments to the US amounted to 71 tonnes. Following it first mango batch of 20 tonnes to the market via air and sea routes a month ago, the company has so far sent the fruit to the US every week. In 2018, Vina T&T reeled in 30 million USD from fruit export. The US’s permission for the import of Vietnamese fresh mango is said to be helpful to increasing the revenue by 15 to 20 percent this year. Mango is the sixth fresh fruit of Vietnam allowed to enter the market after lychee, longan, rambutan, star apple and dragon fruit. It is one of Vietnam’s fruits of strength with a total plantation of nearly 90,000ha nationwide, producing nearly 800,000 tonnes per year. Vietnam has exported the fruit to 40 countries over the world. Its main importers are China, European countries, the Republic of Korea, Japan, Australia, and New … [Read more...] about Firm exports 71 tonnes of mango to US

Deputy Prime Minister Trinh Dinh Dung addresses the meeting (Photo: VNA) Moscow (VNA) – Deputy Prime Minister Trinh Dinh Dung on May 21 chaired a meeting between representatives of 100 Vietnamese firms in Vietnam and Russia and Russian businesses to foster partnerships between the two sides. Addressing the event, the Deputy PM lauded the efforts of Vietnamese entrepreneurs in Russia in carrying out investment and charity activities in the homeland, as well as their solidarity and mutual support. Vietnam and Russia have shared a time-honoured relationship and close partnership in many areas. Vietnam is currently the only strategic partner of Russia in the Asia-Pacific region, he noted. He said that over a decade as strategic partners, economics, and trade have always been a spotlight in the all-round ties between the two countries. Dung, who is accompanying PM Nguyen Xuan Phuc during his Russia visit, said that the PM’s visit aims to further deepen the bilateral … [Read more...] about Deputy PM chairs meeting of Vietnamese, Russian businesses

The State Bank of Vietnam set the daily reference exchange rate at 23,066 VND/USD on the morning of May 22. (Photo: VNA) Hanoi (VNA) - The State Bank of Vietnam set the daily reference exchange rate at 23,066 VND/USD on the morning of May 22, down by 3 VND from the day ago. With the current trading band of +/- 3 percent, the ceiling rate applied by commercial banks for the day is 23,757 VND/USD and the floor rate is 22,376 VND/USD. At 8:15, Vietcombank posted the buying rate at 23,345 VND/USD and the selling rate at 23,465 VND/USD, unchanged from the same time the day earlier. BIDV offered the rates at 23,340-23,460 VND/USD, down by 10 VND from the same time on May 21. Techcombank posted 23,325 VND/USD (buying) and 23,465 VND/USD (selling), unchanged from the day ago.-VNA … [Read more...] about Reference exchange rate adjusted down by 3 VND on May 22