Truong Cong Thang, chairman of Masan Consumer, said the key priorities of CrownX are to develop a winning store network and supply chain across the country, develop VCM as a consumer-goods-like business led by power brands to become one of the top 50 retail brands in the world, develop an exclusive portfolio (up to 40 per cent) through strategic partnerships with suppliers, acquire household grocery spending data, and be one of the top 10 companies to work for in Viet Nam. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES JULY 5
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He affirmed that as ASEAN Chair in 2020, Vietnam has been working closely with other member countries to maintain the bloc’s leadership and close cooperation with the six partners, to accelerate finalising the RCEP talks and the legal review of the deal’s wording so that it may be signed in Hanoi in November. … [Read more...] about RCEP members determined to sign deal in November
Once the agreement comes into force scheduled for August 2020, a total of 71% of exports from the country to the EU will become duty-free, so will 65% of EU shipments to Vietnam. Furthermore, up to 99% of tariffs will be phased out by Hanoi over the course of the subsequent 10 years, and by Brussels over the next seven years. … [Read more...] about EVFTA could turn Vietnam into new destination for manufacturers: Nikkei
Hanoi (VNA) - Vietnam exported goods with an estimated value of 99.36 billion USD in the first five months of 2020, a year-on-year decline of 1.7 percent. Export turnover of domestic businesses maintained double-digit growth, however, of 10.4 percent, reaching 33.3 billion USD. The outcome is considered a highlight of goods exports since early in the year, especially given that the export turnover of the FDI sector fell 6.9 percent year-on-year due to the impact of COVID-19, according to trade experts. The US remained Vietnam’s largest market in the first five months, with turnover of 24.6 billion USD, up 8.2 percent, followed by China, the EU, ASEAN, Japan, and the Republic of Korea. From January to May, Vietnam posted a trade surplus of nearly 1.9 billion USD - a much better result than the trade deficit of 256 million USD in the same period last year. The figure is encouraging amid the pandemic, which has seen restrictions placed on a number of trade activities at border … [Read more...] about Vietnam striving to boost export growth over remainder of 2020
The nationwide protests over George Floyd's death while in the custody of Minneapolis police gave a handful of big-city mayors a national platform, as they dealt with difficult issues of racism, law enforcement and civil unrest in their jurisdictions. Atlanta Mayor Keisha Lance Bottoms, in particular, proved particularly adept at balancing official responsibilities while expressing her personal experiences as a black woman raising four children in these turbulent times. … [Read more...] about Who could be Joe Biden’s vice-presidential candidate?