The Import-Export Department under the Ministry of Industry and Trade has recently held a meeting with the Vietnam Maritime Administration about the lack of empty containers and rising rental charges. At the meeting, many firms in the fisheries, plastic and timber sectors have raised concerns over the unprecedented consecutive price hikes in the past three months. According to the firms, the hike is unreasonable and shipping firms need to be more transparent and a more reasonable price hike rate. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 17
7 business growth strategies for small businesses
Industry experts therefore emphasized the need to ramp up the production capacity of local cement plants to between five and 10 million tonnes per year in a bid to ensure effectiveness in the long term whilst simultaneously reducing costs moving forward. VOV … [Read more...] about Cement exports unlikely to enjoy robust growth in 2021
But it also warned of risks that could hamper growth, like the unpredictable global economic situation as the pandemic situation remains severe in many countries and possible anti-dumping and countervailing investigations by the U.S. and other countries. … [Read more...] about Think tank forecasts 6.46 percent growth for Vietnam
However, this has changed since the pandemic and the lockdown descended on Vietnam for more than a month, with the market freezing almost entirely over. Even after the social distancing, H&M's performance did not improve because of the changes in customers’ shopping behaviour in favour of e-commerce. … [Read more...] about Is H&M unfit to pursue strategy to grow number of stores?
“Lower domestic consumption and weak global demand caused by Covid-19 have hurt Vietnam’s economy more than expected. But economic growth will be resilient in 2020, in large part due to the government’s success in controlling the spread of Covid-19,” said ADB Country Director for Vietnam Andrew Jeffries. … [Read more...] about Vietnam’s economy expected to grow 1.8 percent in 2020: ADB report