Ferrexpo business news

Trade turnover touches US$100 billion in first quarter Vietnam’s total trade turnover amounted to US$100 billion between January and March 19, according to Vietnam Customs. Recently-released statistics from the General Department of Vietnam Customs show that the country raked in US$10.95 billion during the first half of March, with many export staples enjoying a sharp increase in value. The figure helped to lift the country’s total turnover of exports to US$47.05 billion by March 15, an on-year rise of 5.4 per cent. A number of exports recorded a strong rise in value across the reviewed period. They include telephones and components, garments and textiles, computers, electronic items and components, wood and wooden products, and means of transport and spare parts. Meanwhile, imports reached a total of US$21.3 billion during the first half of March, bringing the total import value to US$93.6 billion by March 15. The figure edged up to US$100 billion by March 19, a surge of … [Read more...] about BUSINESS NEWS IN BRIEF 25/3

New opportunities await exporters The Vietnam Trade Promotion Agency under the Ministry of Industry and Trade, alongside Amazon Global Selling will be selecting 100 potential Vietnamese enterprises that meet Amazon’s criteria to introduce on the online retail platform. Thus, Vietnamese businesses will have many opportunities to expand exports via e-commerce to more than 300 million buyer accounts worldwide on the prestigious retail site. According to the General Statistics Office of Vietnam, in 2018, the country had nearly 700,000 businesses, of which small- and medium-sized enterprises accounted for more than 98 percent. Many businesses still face difficulties in reaching the international market or online sales channels. USAID official suggests ways to develop renewable energy Director of the US Agency for International Development (USAID)’s Environment and Social Development Office Christopher Abrams has suggested Vietnam should pool domestic resources to develop … [Read more...] about BUSINESS NEWS IN BRIEF 18/3

Domestic market of gift baskets for Tet Holiday bustling The domestic market of gift baskets for Tet Holiday (the Lunar New Year) is bustling with activities as demand for gifts has increased. Supermarkets and shops are being busy with offering the finest quality merchandise for gift baskets to satisfy all tastes. Co.opmart, Big C, Vinmart, Lotte Mart, Mega Market have been displaying various kinds of gift baskets so that customers can choose it easily. Retailers predict that purchase power will increase by 20 percent compared to the same period last year and gift baskets from VND500,000 ($21.5) to VND1 million are expected very popular. Saigon Co.op, which operates the Co.opmart supermarket chain, announced this year, its supermarket chain including Co.opmart, Co.opXtra, Co.op Food are exhibiting gift baskets containing goods with clear origin and high quality. Moreover, customers can enjoy free delivery if they do online shopping of 38 baskets with fix price. The Saigon Co.op also … [Read more...] about BUSINESS NEWS IN BRIEF 16/1

Azerbaijani investors eye Vietnamese marketAzerbaijani investors with strong financial capacity and professional performance are keen on landing investments in Vietnam, has said Anar Imanov, Azerbaijani Ambassador to Vietnam.In his remarks at a recent workshop themed “Meet Azerbaijan” in Hanoi, the Azerbaijani Ambassador highlighted Azerbaijani enterprises' advantage of plentiful capital and practical experience in implementing projects in Europe, adding that many are seeking investment opportunities in Vietnam.As one of the world’s leading crucial oil and gas producers and suppliers, Azerbaijan also has great potential to boost its bilateral cooperation with Vietnam in three key fields, including tourism, logistics, and agriculture. The diplomat cited a FAM tour jointly held by the Azerbaijan Embassy in Vietnam and Qatar Airways last year as a big effort to bolster tourism cooperation between the two countries.The FAM tour provided many Vietnamese tourism … [Read more...] about BUSINESS NEWS IN BRIEF 15/1