Trade

Ministry of Industry and Trade proposes resuming rice exports The Ministry of Industry and Trade (MoIT) has proposed resuming rice exports from April, with a volume of 400,000 tonnes, after it has compiled reports on production, domestic consumption and exports to submit to the Prime Minister. … [Read more...] about Trade Ministry proposes exporting 400,000 tonnes of rice in April

On a larger scale, the ministry said that Vietnam’s electronics industry will be greatly affected in the next quarters of 2020, with demand falling in the U.S. and the European Union due to the complicated developments of the pandemic. … [Read more...] about COVID-19 to slash Samsung Vietnam’s 2020 export target by $5.8bn: trade ministry

The two ministries decided not to use the petrol price stabilisation fund and extract VNĐ100 per litre from the selling price of bio-fuel E5 RON92 and VNĐ500 per litre from the selling prices of other products included in the fund.  … [Read more...] about Petrol prices down on lower input costs

Hanoi (VNA) – Loss-making projects that are unable to revive must be dissolved, Permanent Deputy Prime Minister Truong Hoa Binh said at the 9th meeting of the steering committee for dealing with some poor-performing projects and businesses of the industry and trade sector held in Hanoi on April 3. The Committee for Management of State Capital at Enterprises (CMSC) reported that among the six projects that have been operating but suffered losses in the past, two recorded profits in 2018 and 2019, namely DAP-1 Hai Phong fertiliser plant and Viet Trung Metallurgy and Mineral Co. Ltd. The four others have gradually addressed their difficulties and reduced losses, namely Ha Bac Nitrogenous Fertilizer and Chemicals Co. Ltd, Ninh Binh Nitrogenous Fertilizer and Chemicals Co. Ltd, DAP-2 Lao Cai fertiliser plant, and Dung Quat Shipyard. Among the three projects that were suspended, Dinh Vu polyester fibre plant project has resumed operations, while the two others are now eligible for … [Read more...] about Loss-making projects unable to revive must be dissolved: Deputy PM

This negative outlook is also being mirrored in other sectors, with the Vietnam Timber and Forestry Product Association stating that all five key importers of Vietnamese woodwork products, including the United States, the European Union, Japan, China and the Republic of Korea have chosen to either delay or cancel orders that had been placed with their Vietnamese counterparts.  … [Read more...] about Millions face job loss as employment market feels COVID-19 effects