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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Initiated by ASEAN in 2012, the RCEP is a free trade agreement among the ten member countries of the bloc and six partners - China, India, Japan, the Republic of Korea, Australia, and New Zealand. Once signed, it would create one of the largest free trade areas in the world./.VNA … [Read more...] about RCEP members determined to sign deal in November
Hopes are therefore growing that the trade deal will provide a much-needed boost to the national economy, which is certain to suffer a slowdown from the 7% growth experienced before the novel coronavirus pandemic. Due to the current global COVID-19 crisis, this year’s target in terms of garment export turnover is US$34 billion, down from US$39 billion last year. … [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
Harris brings access to California money (she raised $2m for Biden in a recent virtual event), she's quick on her feet, and she would satisfy those who are calling for Biden to add a black woman to the ticket. She has won praise from a wide range of Democrats for being an outspoken advocate for police reform during the recent mass demonstrations. Biden-Harris felt like the obvious ticket a year ago - and it still does. … [Read more...] about Who could be Joe Biden’s vice-presidential candidate?