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Vietnam expects to see spectacular export growth rate in 2019 despite influences from the US-China trade war, but the government has decided to maintain the same export target for 2020. The government’s report presented before the National Assembly showed that the export growth rate is expected to reach 7.9 percent this year (the targeted rate was 7-8 percent) and Vietnam may see a trade surplus of 0.4 percent of total export turnover. This means that the trade deficit will be below 3 percent as initially targeted. Vietnam’s export turnover is predicted to increase by 7.9 percent in the context of big difficulties and low demand. Many of Vietnam’s export items have seen growth slowing down, including seafood, vegetables and fruits, computers, electronics and electronic parts. Vietnam’s export turnover is predicted to increase by 7.9 percent in the context of big difficulties and low demand. Many of Vietnam’s export items have seen growth slowing … [Read more...] about VN Government cautious when setting export growth target in 2020

Over the course of the three-day event held by the Associated Chambers of Commerce and Industry of India (Assocham), exhibitors showcase a wide range of products such as pharmaceuticals, cosmetics, food supplements, natural & organic food and beverages, herbal medicines, decorations, handicrafts, and natural essential oil..At the event, the Vietnamese Embassy’s Trade Office in India is organizing meetings between Indian managers and businesses and their international guests to exchange experiences and grasp market trends while seeking business opportunities. This is part of activities to mark the 45th anniversary of Vietnam-India diplomatic ties and the 25th anniversary of ASEAN-India dialogue partnership. … [Read more...] about Vietnam seeks trade openings at ASEAN Natural & Organic Show

Vo Tan Thanh, vice president of the Vietnam Chamber of Commerce and Industry, speaks at the Southeast Asia Outbound Investment Forum in HCM City on March 28 According to Vo Tan Thanh, Vice President of the Vietnam Chamber of Commerce and Industry (VCCI), Thailand is Vietnam’s largest trading partner among ASEAN countries, with bilateral trade reaching over 17.5 billion VND in 2018, a year-on-year increase of 15 percent. Vietnam’s trade with Cambodia, Laos and Myanmar also grew in 2018, he said at the Southeast Asia Outbound Investment Forum. Vietnam ran a trade deficit with Thailand because it imported a lot of machinery and equipment, raw materials for domestic production and automobiles, he said. In 2018, Thailand was the biggest source of automobiles for Vietnam, he added. Vietnam’s exports to these markets include mobile phones and components, computers, electronic products and components, iron and steel, machinery and equipment, vehicles and spare parts, … [Read more...] about Trade with Southeast Asian markets boosted

A conference on prospects of Myanmar market in the integration period takes place on November 19 in Ho Chi Minh City. Vietnamese Commercial Counsellor in Myanmar Vo Thi Ngoc Diep  asserted that Vietnamese firms have more investment and business opportunities in Myanmar.  Myanmar is very potential to commodities and services from Viet Nam such as iron and steel, electronics, motorbikes and bicycles, food, information technology and communications.    Since the two nations set up comprehensive cooperative partnership in August 2017, the two sides’ economic, trade and investment ties have witnessed positive growths. Viet Nam has been listed among top 10 Myanmar’s largest trade partners.  According to the statistics of the Vietnamese General Department of Customs, the bilateral trade value hit US$860 million in 2018, of which Viet Nam gained US$702.1 million from exporting to Myanmar.  In the first nine months of … [Read more...] about VN-top 10 Myanmar’s largest trade partners

PSI together with CMC TS and Goline officially introduced new securities trading system on Tuesday. — VNS Photo A securities trading system, designed to initially support clients, securities service staff, independent brokers and regulators, was officially launched on Tuesday, after nearly one year of implementation. The new system was developed by PetroVietnam Securities Incorporated (PSI) and the joint venture of CMC Technology and Solution (CMC TS) and Goline Informatics Technology and Service Joint Stock Company (Goline). On the platform of Okasan Information System Company (OIS), one of five leading securities enterprises in Japan, the new securities trading system will help PSI to minimise business process and operating time with automated processing tools, while also reducing freezing and crashing issues during trading hours. Currently, OIS securities software system is being deployed successfully in the stock markets of Japan, Hong Kong and Shanghai. PSI's new … [Read more...] about PSI together with CMC TS and Goline officially introduce new securities trading system