Piramal enterprises products

Will demand for corporate bonds become weaker because of a new law? Under the amended Enterprise Law ratified by the National Assembly on June 17, nonprofessional investors are prohibited from trading corporate bonds issued in private offerings from January 1, 2021. … [Read more...] about Vietnamese firms plan production expansion amid Covid-19 pandemic

According to the latest report of the Vietnam Steel Association (VSA), from the beginning of the year until now, steel production has reached more than 11.6 million tons, down 8.1 percent over the same period last year. The sales of steel enterprises have also encountered many difficulties as the market was affected by the Covid-19 pandemic. Accordingly, steel sales only reached 10.4 million tons, down 10.7 percent over the same period last year. In which, steel exports exceeded 1.8 million tons, down 24.6 percent over the same period. In June alone, Vietnam exported more than 300,000 tons of steel to foreign markets, with a turnover of nearly US$250 million, up 14.5 percent over the previous month but down 21.9 percent over the same period last year. This is a rather pessimistic figure for enterprises in the steel industry. In the structure of export markets, VSA said that currently, steel exports to the Southeast Asia market accounts for 54.75 percent of total export volume and 57.8 … [Read more...] about Vietnamese steel tries its strength in European market

Hanoi (VNA) – With a wide and diverse retail sector, Russia has been considered a promising market for agro-forestry-fishery products of Vietnam. Statistics showed that in 2019, Russia spent over 5 billion USD on importing fresh fruits, along with 1.3-1.5 billion USD on processed vegetable, fruits and nuts, more than 2 billion USD on meat, over 2.4 billion USD on fisheries products. Many Vietnamese products are Russians’ favourite, especially wooden furniture and farm produce. The market also has high demand for tropical vegetables and fruit. In the first two months of 2020, Vietnam earned 8.2 million USD from exporting vegetables and fruit to Russia, up 246.1 percent year on year, including 6.7 million USD of processed products, a rise of 293.5 percent over the same period last year. At the same time, Vietnam is Russia’s top supplier of coffee in 2019, with 154.3 million USD, making up 24.5 percent of the country’s total spending on the product. According … [Read more...] about Russia remains potential market for Vietnamese farm produce

Home to a population of approximately 100 million people, the Vietnamese retail market is able to boast huge potential for development, especially with the EVFTA coming into force. Economic experts agree that the trade deal can be considered a driving force capable of promoting the development of the Vietnamese economy in general, with the local retail industry in particular set to enjoy a boost. With the EVFTA officially coming into effect on August 1, the domestic market has become more open, thereby making it easier for EU businesses, products, and services to gain access to the Vietnamese market. … [Read more...] about EVFTA puts great pressure on Vietnamese retailers

Along with that, ministries, branches, localities, commodity associations, overseas Vietnamese representative agencies and the business community have strengthened their co-ordination to grasp the situation and regularly update policy adjustments of the country’s major trading partners. … [Read more...] about Early warning system on trade defence to be built