Republic of korea

The country’s total export turnover from the beginning of the year to March 15 enjoyed a surge of 6.8% to US$50.294 billion on-year. A total of eight commodity groups significantly contributed to the positive results, including aquatic products, timber and wooden products, textile, footwear, computers, electronic products and components, phones and components, machinery, equipment, tools and spare parts, along with transport. … [Read more...] about Eight export commodity groups enjoy turnover of over US$1bil in Q1

Hanoi (VNA) – The Ministry of Industry and Trade is seeking measures to boost exports in the second quarter of 2020. The Vietnam Trade Office in Singapore recently connected with Vietnamese and Singaporean industry associations to make use of trade opportunities. In February 2020, it arranged a trip for a group of Singapore’s fruit and vegetable importers to Vietnam to find supply sources. As of March 2020, the office had secured over 20 orders for various products such as coffee, instant noodles, sweet potato, and fruit. Meanwhile, the containment of COVID-19 in China has presented opportunities for Vietnam to boost its exports to the market. According to the ministry, customs clearance for exports to China at border gates in the north has gradually improved. As well as China, major markets like the Republic of Korea and Japan witnessed a recovery in March as the pandemic slowed. In January-March, Vietnam’s exports to China and Japan posted year-on-year growth … [Read more...] about Ministry seeks to boost exports in Q2

The countries’ leaders are expected to adopt a joint statement of ASEAN Special Summit and another of the ASEAN 3 Special Summit on COVID-19 Response reaffirming their strong commitment and determination in preventing and eliminating the risks of the pandemic that threathen people's lives and socio-economic stabilisation of the member states. … [Read more...] about Vietnam proactively promotes ASEAN joint efforts against COVID-19

The Ministry of Industry and Trade reports that firms operating in the garment, leather and footwear, and woodwork processing sectors have been hit by a double impact from the ongoing COVID-19, after many of their buyers chose to delay delivery of signed orders in the months ahead. Moreover, the vast majority of buyers are currently declining to enter into to negotiations for new orders. … [Read more...] about BUSINESS NEWS HEADLINES APRIL 7

Vietnamese workers are eligible for allowance during the 14-day self quarantine and will not be penalised if unable to extend their residence permission during the period.COVID-19 or complete the quarantine period, the workers could go to immigration offices to apply for extension of their stay.  … [Read more...] about Vietnamese workers in RoK receive free face masks