Caixin pmi new export orders

Despite the negative growth, the past six months has seen several types of local fruit successfully penetrate some demanding markets. For example, Vietnamese bananas have officially gone on sale in stores part of the Lotte supermarket chain in the RoK, the world’s 12th largest importer of bananas. … [Read more...] about Fruit, vegetable exports enjoy swift recovery after COVID-19 downturn

HCM City (VNS/VNA) - Exports of wood and wood products in the first four months of the year were worth nearly 3.2 billion USD, a year-on-year increase of 6 percent, according to the General Department of Customs. Though the COVID-19 pandemic has had a negative impact on the wooden processing industry, thanks to Vietnam’s effective control of the outbreak and competitors in Southeast Asia, the EU and the US having to stop production, businesses have found new markets, Le Minh Thien, chairman of the Binh Dinh Timber and Forest Products Association, said. Besides, an improvement in the country’s business and investment environment has helped boost the industry’s manufacturing and export activities, he said. Do Xuan Lap, chairman of the Vietnam Timber and Forest Product Association (VIFORES), said thanks to its efficient pandemic control, Vietnam has become an attractive investment destination for many wood processing companies with turnover in the … [Read more...] about Wood product exports increase by 6 percent despite pandemic

In the face of reduced purchasing on a global scale in the short term, the long term is expected to see the EVFTA allow domestic goods to gain entry into the EU market as they will enjoy a competitive advantage following the removal of tariffs. Furthermore, the goods of rival suppliers that compete with the nation within the EU market, such as China, have yet to reach a similar trade agreement with the bloc and are therefore at a disadvantage. … [Read more...] about Major export industries at a disadvantage amid global economic landscape

The Hà Nội region will also see the construction of Belt Road 4 and 5, connecting the capital city to surrounding northern provinces. A number of highways including the Hà Nội-Hữu Hghị-Chi Lăng, Vân Đồn-Móng Cái and Đồng Đăng-Trà Lĩnh, Hòa Bình-Mộc Châu and Lai Châu-Lào Cai have been set as priorities.  — VNS … [Read more...] about Rice exports set to skyrocket, renewable energy in high demand: trade minister

TTI expects to have an annual production value of $1.5 billion by the third year and achieve up to $3 billion by the sixth year. It also targets $1 billion in annual localised supply and expects to increase local suppliers from 80 now to 150 over the next few years. TTI was not the only company which has processed operationsin Vietnam in the first half of the year. … [Read more...] about New ventures more pronounced in first half