Refinitiv voluntary carbon market

-What do you think about local garment firms’ inability to dominate the domestic market of 100 million people here in Vietnam? - Vietnamese textile and garment enterprises are still [only beginning to] tap the domestic market. Last year, the domestic market increased by 40% against 2021. Local enterprises performed very well in the first half of last year and began to face difficulties in the third quarter. In the fourth quarter, many good Vietnamese brands like Viet Tien saw sales decrease. In late 2022, the Vinatex Fashion Center retail outlet in Hanoi made revenues of only VND500-600 million ($21,200-25,400) a day, compared with daily revenues of over VND1 billion in previous years. Over the past two years, many domestic fashion brands have reduced their number of stores and limited new openings. They have had to focus on certain locations to reduce costs, optimize operations and try to offer products that are most suitable to consumers’ incomes.In fact, domestic … [Read more...] about Garment firms should tap niche markets: Vinatex chairman

The conference on promoting production, domestic consumption and exports in 2023 was held in Ha Noi on February 3. — VNA/VNS Photo Duong Giang At a conference held by the Ministry of Industry and Trade on expanding the export market in Ha Noi on February 3, Prime Minister Pham Minh Chinh emphasised the importance of boosting external activities and fostering bilateral and multilateral cooperation. Deputy Prime Minister, Minister of Natural Resources and Environment Tran Hong Ha and Minister of Industry and Trade Nguyen Hong Dien also attended the conference. Chinh said the ministry should take advantage of the free trade agreements (FTAs) that Viet Nam has joined to help diversify export markets and maintain traditional markets, such as the US, China, the EU, Japan, South Korea and ASEAN. Viet Nam needed to expand its export market to Eastern Europe, the Middle East, South America, South Asia, and Africa and promote supply chain diversification. Negotiations that are … [Read more...] about PM emphasises importance of boosting external activities at export market conference

Market 200 is a well-known location for street cuisine among people who live in HCMC. The market is in District 4 on Alley 200 of Xom Chieu Street. There are more than 50 vendors selling all kinds of food over 300 meters of the alley. Many vendors start operating around 1:30 p.m. and stay open until around 11 p.m. They sell snails, noodle soup, fried chicken and fried rice, offal stew, vermicelli, porridge, sweet dessert soup, and spring rolls. The reasonable prices of the meals draw a lot of repeat customers. Market 200 is named as such because it is situated on Alley 200, according to Minh Tri, a resident of District 4. Oanh’s stall has been selling pha lau (offal stew) for more than 20 years. The offal is cooked with coconut water, creating a rich and aromatic dish without the stink of beef intestines. Aside from the regular stew, there is also a fried version. "A bowl with all kinds of toppings served with bread is VND33,000," said Nguyen Thi Oanh, the … [Read more...] about Get yourself full for just $8 at this Saigon market

The five-day event is expected to provide an excellent opportunity for exhibitors to showcase their innovations in the entire plastics value chain. New Delhi (VNA) – Vietnamese companies together with about 1,800 ones from 79 countries around the world are participating in the 11th edition of the world’s largest International Plastics Exhibition, Conference, and Convention - PLASTINDIA 2023 that is taking place at Pragati Maidan, New Delhi from February 1-5. Dinh Duc Thang, a representative of Stavian Chemical, briefed Vietnam Ambassador to India Nguyen Thanh Hai and Trade Counselor Bui Trung Thuong on his company’s market development strategy in India . Ambassador Hai highly appreciated the company's strategy and affirmed to support its business in India. VNA … [Read more...] about Vietnamese companies seeking opportunities in India’s plastic market

A construction site of Phat Dat Real Estate Development Joint Stock Company (PDR). (Photo: VNA) Hanoi (VNS/VNA) - A volatile real estate market caused revenues and profits of realty businesses to decrease sharply in the fourth quarter of 2022. Phat Dat Real Estate Development Joint Stock Company (PDR) reported net revenue of 14.6 billion VND (622,600 USD) in the last three months of 2022, a sharp decrease compared to the 1.29 trillion VND recorded in the fourth quarter of 2021. The company suffered an after-tax loss of 229.4 billion VND in Q4 of 2022, while in the same period in 2021, it reported a net profit of 751.4 billion VND. This was considered Phat Dat's "failure" quarter as the company reported a loss for the first time since it announced business results. Dat Xanh Group Joint Stock Company (DXG) reported a loss of 460 billion VND in the last quarter of 2022. During the period, the company's net revenue reached 984.3 billion VND, down 56.6% year-on-year. … [Read more...] about Volatile real estate market puts pressure on business results

Workers at a facility of PV Gas. The company's shares fell strongly on Friday, leading the market's downside. — Photo courtesy of the company The market ticked lower on Friday but locked a monthly gain in the first month of 2023 on the back of foreign investors and strong rallies of financial and industrial stocks. The VN-Index on the Ho Chi Minh Stock Exchange (HoSE) closed the last trading day of the week at 1,077.15 points, a fall of 0.44 points, or 0.04 per cent. The market’s breadth was neutral as the number of declining stocks on the southern bourse was equal to increasing ones. Liquidity fell over the previous session. Of which, trading value on HoSE reduced slightly to nearly VND10.8 trillion (US$460.1 million), equivalent to a trading volume of over 563.7 million shares. The index’s reversal was due to persistent selling force as some investors continued to take profits after recent rallies. The 30 biggest stocks tracker VN30-Index also went down by 7.78 points, … [Read more...] about Benchmark indices dip slightly on persistent selling force

During the year, Vietnam’s exports to India topped 7.9 billion USD, up nearly 27% year-on-year. Among its export items , mobile phones and accessories posted the highest turnover with 1.5 billion USD. Computers, electronics and parts came next, and they were followed by machinery and equipment. Other staples with the highest value increase were coffee, iron and steel and footwear. Meanwhile, Vietnam imported over 7 billion worth of goods from India last year, a yearly hike of 2%. Its major import commodities from the market were iron and steel with nearly 775 million USD, machinery and equipment and ordinary metals. India is Vietnam’s leading provider of aquatic, garment and textile, leather and pharmaceutical materials. The 1.4-billion-strong Indian market has diverse demands with various market segments - a good condition for Vietnamese exporters. Besides trade, bilateral cooperation in tourism and investment also grew with the resumption and launch of direct … [Read more...] about Vietnam’s trade with India hits record in 2022

NEW DELHI -- The U.S. Food and Drug Administration (FDA) has warned against using an eye drop made in India that has been linked to the outbreak of a drug-resistant bacteria leading to adverse events in at least 55 patients in the United States including infections, blindness and one death. The agency said on Thursday that Artificial Tears eye drop manufactured by India's Global Pharma Healthcare Pvt Ltd has a potential bacterial contamination and the company has violated current good manufacturing practices. Global Pharma Healthcare, based in the southern city of Chennai, said on Wednesday it had issued a voluntary recall at the consumer level of unexpired lots of the eye drop, which was distributed in the United States by EzriCare LLC and Delsam Pharma. Global Pharma Healthcare did not immediately respond to a Reuters request seeking comment on the FDA statement. EzriCare said in a statement on Wednesday that it had stopped further distribution and sale of the eye drop, … [Read more...] about U.S. FDA says India-made eye drop linked to some infections, blindness and one death

Boviengkham Vongdara, member of the Central Committee of the Lao People's Revolutionary Party, Minister of Science and Technology of Laos, and President of the Laos-Vietnam Friendship Association (Photo: VNA) Vientiane (VNA) – Since its foundation in 1930, the Communist Party of Vietnam (CPV) has led its country through great achievements, stated a Lao official. In an interview granted to the Vietnam News Agency’s correspondents in Vientiane, Boviengkham Vongdara , member of the Central Committee of the Lao People's Revolutionary Party (LPRP), Minister of Science and Technology of Laos, and President of the Laos-Vietnam Friendship Association (LVFA), highlighted Vietnam's major achievements under the CPV leadership through different periods, including the declaration of independence in 1945, the victories against the French colonialists and the American imperialists between 1945 and 1975. He also spoke highly of the reunification of the country in 1975, and the … [Read more...] about Lao official highlights Vietnam’s successes under CPV leadership

Addressing the event, Sieu said member countries’ tourism reopening last year signified a strong recovery of the sector. Vietnam welcomed 3.5 million international visitors in 2022, with ASEAN named the country’s leading tourist market in terms of recovery speed, he added. The official affirmed that Vietnam always welcomes proposals from ASEAN member states to learn, share and explore the potential for further cooperation in the field of festival tourism. In the second half of this year, Vietnam plans to organize a regional conference on festival tourism, he unveiled. The conference focused on reviewing reports of the bloc’s four tourism cooperation committees, and approving a number of documents including the final drafts of standards and toolkit for the MICE (Meetings, incentives, conferences and exhibitions) and event organization profession, among others. Participants also discussed preparations for a series of functions such as the 26th ASEAN Tourism Ministers’ Meeting; … [Read more...] about Vietnam attends meeting of ASEAN National Tourism Organizations