Consumers shop at Vinmart at Royal City, Hà Nội. The total retail sales value of consumer goods and services rose significantly in the January - March period. - VNA/VNS Photo Phương AnhViet Nam News HÀ NỘI — The total retail sales value of consumer goods and services was estimated to reach nearly 1.185 quadrillion (US$51.75 billion) in the first quarter of this year, according to the latest updates from the General Statistics Office. This represented a rise of 12 per cent over the same period last year, and 8.9 per cent excluding inflation, fuelled by increased consumption demand in the early months of the year when the Tết (Lunar New Year) holidays occurred, the office said. The retail value of consumer goods totalled $910.4 trillion, accounting for 76.8 per cent of the retail sales total and rising by 13.4 per cent over the same quarter last year. Significant rises in purchasing power for consumer goods were seen in Long An, Quảng … [Read more...] about Retail sales rise on increased consumption demand in Q1
On increasing demand
Vinacomin strives to meet increasing demand for coal
Cọc Sáu coal mine. Việt Nam National Coal – Mineral Industries Holding Corporation Limited is trying to meet the increasing demand for coal. — Photo vinacomin.vnViet Nam News HÀ NỘI — The Việt Nam National Coal – Mineral Industries Holding Corporation Limited (Vinacomin) had been working to meet the increasing demand for coal for electricity generation and production, Vinacomin’s general director Đặng Thanh Hải said. Vinacomin targeted to reach an output of 4.1 million tonnes of coal in March. Production would be enhanced at open-cast coal mines such as Cao Sơn, Đèo Nai, Cọc Sáu and Tây Nam Đá Mài. In the first two months of this year, coal production reached 6.66 million tonnes, one million more than the same period last year. Increasing coal production to meet the demand of the economy, especially for electricity generation, was Vinacomin’s … [Read more...] about Vinacomin strives to meet increasing demand for coal
Rice exports set to go up on increasing demand
Higher demand has been forecast in China, the Philippines, Indonesia, Iraq, and Southern African countries, it said. The Philippines, for instance, plans to import 500,000 to 800,000 tonnes to supplement its depleting stocks and stabilise prices. A new decree, which takes effect in October, is expected to remove difficulties and legal barriers faced by rice businesses in expanding exports. Rice exporters said they are likely to see positive signs from October but also challenges. Lam Anh Tuan, director of the Ben Tre Province-based Thinh Phat Foodstuffs Co Ltd, said if the Philippines and Indonesia buy in the near future they would buy through bids or negotiations at low prices. Prices of certain varieties of Vietnamese rice are higher than their rivals, he said. In addition, domestic prices usually rise sharply when there is news that Vietnam has won an export bid. Enterprises thus face a risk if they sign export contracts without having stocks of rice, and some businesses have … [Read more...] about Rice exports set to go up on increasing demand
Trudeau stands firm on US demands as NAFTA talks set to resume
File photo taken on Oct 11, 2017 shows US President Donald Trump (right) welcoming Canadian Prime Minister Justin Trudeau at the White House in Washington, DC. — AFP/VNA Photo Viet Nam News WASHINGTON — As Washington and Ottawa resumed trade talks on Tuesday, Canadian Prime Minister Justin Trudeau said he would only sign a new trade pact that was good for his country. Canadian Foreign Minister Chrystia Freeland was upbeat in Washington after meeting US Trade Representative Robert Lighthizer, saying that "detailed" discussions to salvage the North American Free Trade Agreement as a three-nation deal would begin the following day. After months of intense talks, the United States and Mexico announced an agreement on Monday to thoroughly overhaul the 25-year-old free trade pact, but President Donald Trump suggested he could cut out Ottawa. "We will engage in a positive way and look forward to ultimately signing a deal as long as it’s good for Canada and good for … [Read more...] about Trudeau stands firm on US demands as NAFTA talks set to resume
Deputy PM urges Bắc Giang to focus on lychee demands
Deputy Prime Minister Vương Đình Huệ attends a forum on production and consumption of litchi and 52 key agricultural products in Bắc Giang Province yesterday. – Photo VGP BẮC GIANG – The northern province of Bắc Giang should pay more attention to development plans for regions growing lychee trees and closely follow market demands. Deputy Prime Minister Vương Đình Huệ made the statement at a forum on production and consumption of litchi and 52 key agricultural products held in Bắc Giang Province yesterday by provincial People’s Committee. This year, Bắc Giang has harvested a large volume of lychee at a high selling price, but should improve post-harvest storing and processing of lychee, Huệ said. The province should develop co-operatives to produce and trade lychee and other major products at a large scale. The deputy PM asked China to create favoUrable conditions for … [Read more...] about Deputy PM urges Bắc Giang to focus on lychee demands