Viet Nam’s cement industry saw strong growth in cement exports in the first quarter of this year as many Chinese cement factories shut down due to pollution and power shortages. Viet Nam’s cement industry saw strong growth in cement exports in the first quarter of this year. - Photo baoxaydung.com.vn Nguyen Quang Cung, vice chairman of the Viet Nam Building Material Association, made the announcement at a press conference on Vietbuild, held in Da Nang on April 17. According to Cung, cement production in Viet Nam in the first quarter of 2018 increased by 18 per cent year-on-year, marking the first time it had reached high growth against an annual surge of some 10 per cent. Meanwhile, the industry’s cement exports in the first quarter of 2018 rose 68 per cent over the same period last year. The strong growth was due to the policy change of the Chinese government towards cement production, Cung said. China must close a series of cement plants from November 15, … [Read more...] about Strong domestic cement export growth, China’s production drops
Export growth china
Trade surplus, but export growth could falter in 2009
Vietnam will find it difficult to meet its export growth target of 13 percent despite recording a trade surplus in the first two months of this year, a senior government official said Tuesday. Cashew nuts, a major export crop, are being spread out. Export growth might not meet the year's target, government officials have cautioned. … [Read more...] about Trade surplus, but export growth could falter in 2009
Export growth hides underlying problems
Structural weaknesses in Vietnam's export growth need to be addressed soon, experts say … [Read more...] about Export growth hides underlying problems
Input cost rise makes export growth unprofitable
Exports are growing and their prices are rising, but a faster rise in input costs is canceling export profits. Foreign visitors examine Vietnamese wood products at an exhibition in Ho Chi Minh City. The demand for garments and woodwork is expected to fall as the global recession continues. … [Read more...] about Input cost rise makes export growth unprofitable
FDI sector drives export growth, local firms struggle
Exports continued to grow in the first quarter on the back of strong performances from the foreign invested sector, but local companies say their shipments have been seriously hurt by the global downturn. Total exports rose to US$9.15 billion in March from $8.3 billion in February. For the first three months of the year, shipments climbed 23.6 percent from a year earlier to $24.5 billion. Locally owned companies accounted for just 35 percent and the FDI sector earned the rest, ramping up its export revenues by 43 percent over the same period last year. Many key staples, including rice, seafood and coffee, saw sharp declines. Rice exports, for instance, fell 42.5 percent in both value and volume, according to the trade ministry. Exporters say the global slowdown and the debt crisis in Europe have reduced consumption of many Vietnamese products. Businesses have complained that high interest rates have only worsened their plight. "Prices have fallen sharply but lending rates are … [Read more...] about FDI sector drives export growth, local firms struggle