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
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Farm produce export to China rises strongly
Farm produce export to China rises strongly Son Nghia By Son Nghia - The Saigon Times Daily HCMC – Vietnam’s export of farm produce increased strongly in the year’s first two months, and according to experts, this is a big chance for the sector to boost sales to this market. According to latest statistics of the Ministry of Agriculture and Rural Development, China accounted for 34.7% of Vietnam’s 677,000 tons of rice exported in January-February, up 68.2% in volume year-on-year. Among the four key markets for Vietnam’s rice, the northern neighbor took the lead, followed by Singapore with 7.27%, South Korea with 5.64% and the Philippines with 5.64%. Similarly, Vietnam exported 179,000 tons of rubber in the first two months, fetching US$518 million, up 16.6% in value. Vietnam’s rubber export rise in both volume and value was backed by rises of 31.7% in volume and 36.87% in value from the Chinese market. China was also the biggest cashew importer … [Read more...] about Farm produce export to China rises strongly
Apparel sector enjoys robust export growth, good prices
By Van Nam - The Saigon Times Daily HCMC – The apparel industry has gained robust export growth of over 20% in the January-September period to earn US$8 billion due to good prices and ample orders, and is poised to fulfill its 2010 target of US$10.5 billion, sources said. The Ministry of Industry and Trade said in a report on Monday that prices of garment and textile exports have increased by 15-20%, making life easier for garment exporters who have faced a surge in input costs including higher materials prices. Furthermore, shipments to most markets except the slow-moving European market have recovered strongly, according to the report. In particular, the nine-month export revenue of the country’s garment and textile products to Korea had surged a staggering 80%, while that to Japan also increased by 15%. Recognizing that apparel exports in the January-September period increased 20.6% year-on-year to US$8 billion, experts in the industry predicted that the target of … [Read more...] about Apparel sector enjoys robust export growth, good prices
Vietnam eyes faster export growth to China
Vietnam expects exports to China to post an annual growth rate of 13-14 percent in the next five years, local newspaper Vietnam News quoted the Vietnamese Trade Ministry as saying. Trade between the two countries will increase as both are integrating more deeply into the global economy, the ministry said. China, member of the World Trade Organization, would become a bigger market for Vietnamese exports, once Vietnam joins the organization, hopefully in 2006, the ministry added. … [Read more...] about Vietnam eyes faster export growth to China
VN metro targets 60 pct export growth
Ho Chi Minh City will focus more on services in its continued effort to restructure export from now until 2015, a seminar has heard. Huynh Khanh Hiep, deputy director of the city's Department of Industry and Trade, said by the end of 2020, the city aims to bring service export to 60 percent of total export turnover. The city targets an average export growth of 17 percent from 2011 to 2015, and a total export turnover of more than US$100 billion (excluding crude oil) by the end of 2015. More staffs will be trained for service export activities as well. Export support programs on software products and services will be continued, with the aim of enhancing added value, from software outsourcing to production activities. Many export support programs will be implemented, including the expansion of e-custom procedures, support-industry development, and the construction of an export goods introduction centre. In general, the city's export turnover is on a recovery trend and has had a … [Read more...] about VN metro targets 60 pct export growth