India export and import data

HCM City (VNA) – Ho Chi Minh City wants to continue to be an important partner of India in the fields of economy-trade, health care, information technology and clean energy, said Vice Chairwoman of the municipal People’s Committee Phan Thi Thang. During a ceremony marking the 72nd anniversary of India’s Republic Day held by the Indian Consulate General in Ho Chi Minh City on January 26, Thang said with161 projects worth over 74 million USD, India is now placed 25th out of 110 countries and territories investing in the city. Two-way trade reached nearly 1.5 billion USD last year. Attention was paid to holding exchange, economic-cultural and education cooperation activities each year. In particular, the Indian Consulate General suggested training a contingent of medical staff for the city, she said. Vice Chairwoman of the HCM City People’s Committee Phan Thi Thang speaks at the event (Photo: VNA) … [Read more...] about HCM City wants to foster ties with India

A person examines high-quality Jasmine rice at a local firm. Tons of Vietnam’s fragrant rice first imported to the United Kingdom following the implementation of UKVFTA were put up for sale in London on January 26 – PHOTO: TRUNG CHANH HCMC – The first few tons of Vietnam’s fragrant rice has been exported to the United Kingdom since the United Kingdom-Vietnam Free Trade Agreement (UKVFTA) came into force in late December last year. It was put up for sale in London on January 26. … [Read more...] about First tons of Vietnamese rice exported to Britain following UKVFTA

HCM City (VNA) - Intel had poured an additional 475 million USD into Intel Products Vietnam (IPV), its single-largest assembly and test plant within the Intel Assembly and Test (ATM) network, IPV Chief Financial Officer Alan Danner said on January 27. He made the announcement during a meeting with businesses hosted by Saigon Hi-tech Park (SHTP) in Ho Chi Minh City. This is a new investment following a sum of 1.04 billion USD invested to build a chip assembly and test manufacturing facility at SHTP in 2006, bringing the semiconductor company’s investment in Vietnam to 1.5 billion USD in total. The additional capital was channelled into IPV between June 2019 and December 2020 to bolster the production of Intel’s 5G products, Intel Core processors with Intel Hybrid Technology, and the 10th Gen Intel Core. IPV is an important part of Intel’s production chain across the world, Danner said, adding that the firm will further diversify and improve its activities in … [Read more...] about Intel channels additional 475 million USD into Vietnam

Tran Viet Anh, Vice President of the Ho Chi Minh City Union of Business Associations, said enterprises need help from Vietnamese agencies abroad in obtaining updated information about foreign markets and their import-export regulations, including requirements in terms of food safety, social responsibility and environmental protection, as well as political changes in importing countries. … [Read more...] about Diplomats accompany businesses on the way to global markets

Singapore (VNA) – Singapore's manufacturing sector was the silver lining of 2020, with the sector posting growth for the full year, according to data released by the Economic Development Board (EDB) on January 26. The sector expanded 14.3 percent year on year last month. Excluding biomedical manufacturing, output grew 19.8 percent. Overall, manufacturing output increased 7.3 percent last year, compared with 2019. The chemicals cluster grew by 12.3 percent year on year last month, with all segments except petroleum recording output growth. But for the whole of last year, the chemicals cluster's output dipped by 1 percent compared with 2019. The precision engineering cluster picked up 11 percent in December, with the machinery and systems segment growing 12.6 percent on the back of higher output of semiconductor equipment and measuring devices. Precision engineering output increased 10.6 percent for the year. General manufacturing output also grew, by 5.9 percent, with … [Read more...] about Singapore: Manufacturing sector silver lining of 2020